
Cheap Homes for Rent near Paragon, IN from $600 (14 Rentals)
Search the lowest-cost Homes available for rent right now in Paragon.


107 S Church St

1390 S Main St

171 E Washington St

1079 S Home Ave

1069 S Home Ave

419 S Home Ave
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.

60 Magnolia St

954 Center St

560 E Highland St

302 W Tecumseh Dr

380 S Graham St

434 W Northlane Dr

630 W 17th St
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.
Paragon, IN Local Guide

How much does it cost to rent a home in Paragon?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Paragon 2 Bedroom Homes for Rent | $1,047 | $600 | $1,830 |
| Paragon 3 Bedroom Homes for Rent | $2,322 | $1,500 | $5,000 |
| Paragon 4 Bedroom Homes for Rent | $3,533 | $1,950 | $5,600 |
| Paragon 5 Bedroom Homes for Rent | $4,375 | $2,600 | $6,250 |
| Paragon 6 Bedroom Homes for Rent | $6,000 | $6,000 | $6,000 |
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Paragon, IN Local Guide
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Cheapest Available Paragon Apartments for Rent and Nearby
 The cheapest available apartment rental in Paragon, IN is a Studio unit found at Park North Apartments in the Downtown Bloomington IN neighborhood priced from $690. 501 N Walnut St in the Downtown Bloomington IN neighborhood has the second lowest priced unit, which is a 4 Beds apartment currently listed from $699. Here is today’s list of the most affordable Paragon apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Park North Apartments | PARK NORTH STUDIO APARTMENTS - AVAILABLE SEPTEM... | Studio,1BA | $690 |
| 501 N Walnut St | 501 N. Walnut - Luxury Apartments - 4 Bed/3 Bath! | 4BR,3BA | $699 |
| Vivo Living | Vivo Living - Studio - Unit 203 | Studio,1BA | $699 |
| Lofton | Lofton - Individual Lease - 2bed/2bath | 1BR,2BA | $749 |
| 3 Square | B | Studio,1BA | $750 |
Best Value Apartments for Rent in Paragon, IN and Nearby
As of September 06, 2026 the best value apartment in the Paragon area is the $0.38 price per square foot 501 N. Walnut - Luxury Apartments - 4 Bed/3 Bath! Model at 501 N Walnut St in the in the Downtown Bloomington IN neighborhood starting from $699. The second greatest value Paragon apartment is the 3 Bedroom TH Model at Hidden Hills at Oakdale starting at $1,570 with a $1.31 price per square foot in the Downtown Bloomington IN neighborhood. Here is today’s list of the best values for Paragon apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 501 N Walnut St | 501 N. Walnut - Luxury Apartments - 4 Bed/3 Bath! | 4BR,3BA | $0.38 |
| Hidden Hills at Oakdale | 3 Bedroom TH | 3BR,2BA | $1.31 |
| Big Red Apartments | 3 Bed 1 Bath | 3BR,1BA | $1.08 |
| Aspen Bloomington | Frisco C 2x2 | 2BR,2BA | $1.34 |
| The Stratum at Indiana | 2x2 | 2BR,2BA | $0.86 |
| Lincoln Tower | B2 - LT | 2BR,2BA | $1.25 |
| The Monroe | B2 | 2BR,2BA | $1.02 |
| The Crossing at Pete Ellis | 1 Bedroom | 1BR,1BA | $1.32 |
| Union at Crescent | 1 Bed 1 Bath | 1BR,1BA | $1.28 |
| 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 LifestyleParagon, IN
Ranked #25
Among cities in Indiana for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Remember the 3 Rules of Real Estate:Location, Location, Location!
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See the most popular apartments and homes in Paragon, IN
Frequently Asked Questions about Paragon
What type of rentals are currently available in Paragon?
There are currently 81 Apartments for Rent in Paragon, IN with pricing that ranges from $690 to $3,499. There are also 44 Single Family Homes for rent, Condos, and Townhome rentals currently available in Paragon ranging from $600 to $6,250.
What is the current price range for Rental Homes in Paragon?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Paragon ranges from $600 to $6,250 with an average monthly rent of $1,859.
How much are larger Three and Four Bedroom Rentals in Paragon?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Paragon range from $699 to $2,970, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,500 to $5,000. Four Bedroom Single-Family rentals are also available starting from $1,950 and Four Bedroom Apartments start at $699.
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.