Cheap Apartments for Rent near Owensburg, IN from $500 (55 Rentals)

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Search the lowest-cost Apartments available for rent right now in Owensburg.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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7 Ten
Rent Specials
$1,225 - $2,060
Total Monthly Price

Total Monthly Price

Base Rent
$1,225 - $2,060
Total Monthly Price
$1,225 - $2,060
1 to 2 Bedroom Apartments Available Now

7 Ten

710 N College AveBloomington, IN 47404
Student Housing
  • Verified
  • Utilities Included
  • 3D Tour

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Ironton at Shoals
Studio to 2 Bedroom Apartments

Ironton at Shoals

11708 Ironton RdShoals, IN 47581
Senior Living
  • Utilities Included
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Acadia Court
Studio to 2 Bedroom Apartments

Acadia Court

2995 S Acadia CtBloomington, IN 47401
Corporate Housing
  • Utilities Included
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115 N Washington St
1 to 3 Bedroom Apartments

115 N Washington St

115 N Washington StBloomington, IN 47404
Student Housing
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2511 Q St
1 to 2 Bedroom Apartments

2511 Q St

2511 Q StBedford, IN 47421
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DunnPark Studios
Studio Apartments

DunnPark Studios

115 N Dunn StBloomington, IN 47408

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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Beacon Hill
1 to 3 Bedroom Apartments

Beacon Hill

1660 W Bloomfield RdBloomington, IN 47403
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Crimson Crossing
2 to 3 Bedroom Apartments

Crimson Crossing

1426-1496 N Kinser PikeBloomington, IN 47404
Student Housing
  • Utilities Included

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Showing Results 1-50, Page 1 of 2

Owensburg, IN Local Guide

Cheapest Available Owensburg Apartments for Rent and Nearby

 

The cheapest available apartment rental in Owensburg, IN is a 1 Bed unit found at Ironton at Shoals priced from $750. 3 Square in the Downtown Bloomington IN neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $750. Here is today’s list of the most affordable Owensburg apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Ironton at Shoals1 Beds, 1 Baths1BR,1BA$750
3 SquareJStudio,1BA$750
Basswood Apartments1 Bedroom 1 Bathroom1BR,1BA$825
College Square ApartmentsThe Walnut1BR,1BA$852
Union at Crescent1 Bed 1 Bath1BR,1BA$866
Summit PointeWoodland1BR,1BA$875
323 S. Grant St.Redwood Apartments - Walk to Class! - 1 Bed/1 B...1BR,1BA$899
The Uptown ApartmentsBennett1BR,1BA$905
Forest RidgeAspen1BR,1BA$1,025
Echo ParkMod1BR,1BA$1,199

Best Value Apartments for Rent in Owensburg, IN and Nearby

As of July 13, 2026 the best value apartment in the Owensburg area is the $0.66 price per square foot 3x3 Balcony - Classic Model at The Park on Morton in the in the Downtown Bloomington IN neighborhood starting from $854. The second greatest value Owensburg apartment is the E2 - 2x2 Model at The Quarters Bloomington starting at $1,425 with a $1.46 price per square foot in the Downtown Bloomington IN neighborhood. Here is today’s list of the best values for Owensburg apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Park on Morton3x3 Balcony - Classic3BR,3BA$0.66
The Quarters BloomingtonE2 - 2x22BR,2BA$1.46
Aspen BloomingtonFrisco A 2x22BR,2BA$1.13
Big Red Apartments2 Bedroom August 20262BR,1BA$1.38
The MonroeB22BR,2BA$1.02
Summit PointeThe Evergreen1BR,1BA$1.22
Union at Crescent1 Bed 1 Bath1BR,1BA$1.28
Ironton at Shoals1 Beds, 1 Baths1BR,1BA$1.15
Basswood Apartments1 Bedroom 1 Bathroom1BR,1BA$1.28
323 S. Grant St.Redwood Apartments - Walk to Class! - 1 Bed/1 B...1BR,1BA$1.56

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Pet Friendly Lifestyle
Owensburg, IN

Ranked #11

Among cities in Indiana for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Owensburg, IN Rentals by Map

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See the most popular apartments and homes in Owensburg, IN

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Frequently Asked Questions about Cheap Owensburg Apartments

What is the Cheapest Studio apartment in Owensburg?

Currently the most affordable Cheap Studio Apartment in Owensburg is at 3 Square listed at $750.

How much is rent for a Cheap One Bedroom Owensburg Apartment?

The lowest price for a Cheap One Bedroom Owensburg Apartment is $750 at Ironton at Shoals.

What is the lowest price for a Cheap Two Bedroom Owensburg Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Owensburg is starting from $975 at Basswood Apartments.

What is the most affordable Owensburg Three Bedroom Apartment?

The best deal on a cheap Owensburg Three Bedroom Apartment rental is at Union at Crescent and starts from $1,250.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Articles, How-To's, and Tips

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.