
Cheap Apartments for Rent near Owensburg, IN from $510 (42 Rentals)
Search the lowest-cost Apartments available for rent right now in Owensburg.


Woodland Springs

Woodington Management Properties

Acadia Court

Canadian Apartments

Sunflower Place - Full for Rent

Basswood Apartments

323 S Grant ST
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

Summit Pointe

Union at Crescent

The Uptown Apartments

Hillside Manors

Forest Ridge

Alleyworks

400-402 S Henderson St

The Annex of Bloomington
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.

Echo Park

Big Red Apartments

809 S Henderson St

Adams Village | Specials Available

Kingsley on Walnut

Total Monthly Price
7 Ten

609 S Henderson

Hidden Hills at Oakdale
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

Westgate on Third

582 E Hillside Dr

Hayden Flats

Steeplechase Apartments

The Boulders at Deer Park

The Fields

6183 S Fairfax Rd

Ironton at Shoals
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.

115 N Washington St

207 Lincoln Dr

College Square Apartments

2511 Q St

110 E Hillside Dr

DunnPark Studios

130 W Pinewood Dr

Sunrise Suites Apartments
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.

Beacon Hill

Waters Edge Apartments Bloomington
Owensburg, IN Local Guide

How much does it cost to rent an apartment in Owensburg?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Owensburg Studio Apartments | $1,153 | $625 | $1,569 |
| Owensburg 1 Bedroom Apartments | $1,403 | $725 | $2,040 |
| Owensburg 2 Bedroom Apartments | $1,582 | $735 | $2,646 |
| Owensburg 3 Bedroom Apartments | $1,795 | $660 | $3,180 |
| Owensburg 4 Bedroom Apartments | $1,588 | $510 | $4,124 |
Browse Top Apartments in Owensburg
See all Apartments in OwensburgExplore Owensburg
Owensburg, IN Local Guide
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Cheapest Available Owensburg Apartments for Rent and Nearby
 The cheapest available apartment rental in Owensburg, IN is a 1 Bed unit found at Woodland Springs priced from $725. Ironton at Shoals has the second lowest priced unit, which is a 1 Bed apartment currently listed from $750. Here is today’s list of the most affordable Owensburg apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Woodland Springs | 1 Bedroom | 1BR,1BA | $725 |
| Ironton at Shoals | 1 Beds, 1 Baths | 1BR,1BA | $750 |
| 3 Square | B | Studio,1BA | $750 |
| Acadia Court | Studio | Studio,1BA | $760 |
| Sunflower Place - Full Unit for Rent | One Bed | 1BR,1BA | $820 |
| Basswood Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $825 |
| Summit Pointe | Woodland | 1BR,1BA | $850 |
| College Square Apartments | The Walnut | 1BR,1BA | $852 |
| Union at Crescent | 1 Bed 1 Bath | 1BR,1BA | $866 |
| The Uptown Apartments | Bennett | 1BR,1BA | $905 |
Best Value Apartments for Rent in Owensburg, IN and Nearby
As of September 09, 2026 the best value apartment in the Owensburg area is the $0.65 price per square foot The Pulse II (per bed) Model at Urban Station in the in the Downtown Bloomington IN neighborhood starting from $735. The second greatest value Owensburg apartment is the The Tulip Model at Kingsley on Walnut starting at $1,270 with a $1.16 price per square foot . Here is today’s list of the best values for Owensburg apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Urban Station | The Pulse II (per bed) | 2BR,2BA | $0.65 |
| Kingsley on Walnut | The Tulip | 2BR,2BA | $1.16 |
| Big Red Apartments | 3 Bed 1 Bath | 3BR,1BA | $1.08 |
| The Stratum at Indiana | 2x2 | 2BR,2BA | $0.86 |
| 400-402 S Henderson St | 400-402 S. Henderson - 1 Bedroom with an Office... | 1BR,1BA | $1.23 |
| The Monroe | B2 | 2BR,2BA | $1.02 |
| Woodland Springs | 1 Bedroom | 1BR,1BA | $0.98 |
| Union at Crescent | 1 Bed 1 Bath | 1BR,1BA | $1.28 |
| Ironton at Shoals | 1 Beds, 1 Baths | 1BR,1BA | $1.15 |
| Basswood Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.28 |
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.
Read ArticleNavigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
Read ArticleReal 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.
Read ArticleQuick 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.
Pet Friendly LifestyleOwensburg, IN
Ranked #18
Among cities in Indiana for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Owensburg, IN Rentals by Map
See the most popular apartments and homes in Owensburg, IN
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 $725 at Woodland Springs.
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 $775 at Woodland Springs.
What is the most affordable Owensburg Three Bedroom Apartment?
The best deal on a cheap Owensburg Three Bedroom Apartment rental is at Woodland Springs and starts from $900.
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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.