Cheap Apartments for Rent in Paoli, IN from $400 (57 Rentals)

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

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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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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Foxtail Pointe
2 to 3 Bedroom Apartments

Foxtail Pointe

8810 Old Highway 60Sellersburg, IN 47172
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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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Water's Edge
1 to 3 Bedroom Apartments

Water's Edge

20 Red Oak WayAustin, IN 47102
  • Utilities Included

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Chapman Crossing
2 to 3 Bedroom Apartments

Chapman Crossing

625 Chapman Dr NWCorydon, IN 47112
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West Baden Lofts
2 to 3 Bedroom Apartments

West Baden Lofts

942 N Main StWest Baden Springs, IN 47469
  • Utilities Included
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2511 Q St
1 to 2 Bedroom Apartments

2511 Q St

2511 Q StBedford, IN 47421
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High Park Apartments
2 Bedroom Apartments

High Park Apartments

100 High Park DrNew Albany, IN 47150
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Arbor Place Apartments
1 to 2 Bedroom Apartments

Arbor Place Apartments

200 Arbor PlNew Albany, IN 47150
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High Peaks
2 Bedroom Apartments

High Peaks

9815 US-150Greenville, IN 47124

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Showing Results 1-50, Page 1 of 2

Paoli, IN Local Guide

Cheapest Available Paoli Apartments for Rent and Nearby

 

The cheapest available apartment rental in Paoli, IN is a 1 Bed unit found at Ironton at Shoals priced from $650. Brookview Glen in the Downtown New Albany neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $699. Here is today’s list of the most affordable Paoli apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Ironton at Shoals1 Beds, 1 Baths1BR,1BA$650
Brookview GlenStudioStudio,1BA$699
Stonebrook of ScottsburgOne Bedroom, One Bath, 650 Sq Ft1BR,1BA$699
Acadia CourtStudioStudio,1BA$760
Chapman Crossing2 Bedroom2BR,1BA$839
Mason Manor Apartments51BR,1BA$850
Kingsfield Luxury ApartmentsOne Bedroom1BR,1BA$850
College Square ApartmentsThe Walnut1BR,1BA$852
Huntley Ridge New Albany1 Bedroom 1 Bathroom1BR,1BA$860
Willow RunOne Bed One Bath1BR,1BA$879

Best Value Apartments for Rent in Paoli, IN and Nearby

As of April 26, 2026 the best value apartment in the Paoli area is the $1.00 price per square foot Villas of Heritage Springs Townhomes Model at Heritage Springs Rentals in the starting from $1,150. The second greatest value Paoli apartment is the Two Bed Model at Plum Ridge Apartments starting at $1,250 with a $1.10 price per square foot in the Southern Indiana neighborhood. Here is today’s list of the best values for Paoli apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Heritage Springs RentalsVillas of Heritage Springs Townhomes3BR,1.5BA$1.00
Plum Ridge ApartmentsTwo Bed2BR,2BA$1.10
Academy Park Apartments2 BEDROOM 2 BATHROOM2BR,2BA$1.12
Adelyn Apartments4231-72BR,2BA$1.07
Chapman Crossing2 Bedroom2BR,1BA$0.80
Plaza Square Apartments2x12BR,1BA$1.00
Valley RidgeTwo Bedroom Townhome2BR,1BA$1.03
Kingsfield Luxury ApartmentsOne Bedroom1BR,1BA$0.94
701-709 Etzler Dr2 Bedroom2BR,1BA$1.00
Ironton at Shoals1 Beds, 1 Baths1BR,1BA$1.00

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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

Explore Paoli, IN Rentals by Map

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See the most popular apartments and homes in Paoli, IN

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Frequently Asked Questions about Cheap Paoli Apartments

What is the Cheapest Studio apartment in Paoli?

Currently the most affordable Cheap Studio Apartment in Paoli is at Brookview Glen listed at $699.

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

The lowest price for a Cheap One Bedroom Paoli Apartment is $650 at Ironton at Shoals.

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

Today's best deal for a Cheap Two Bedroom Apartment in Paoli is starting from $839 at Chapman Crossing.

What is the most affordable Paoli Three Bedroom Apartment?

The best deal on a cheap Paoli Three Bedroom Apartment rental is at Valley Ridge and starts from $1,138.

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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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.