Cheap Apartments for Rent near Parker City, IN from $340 (37 Rentals)

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

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.

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Labor Center Lofts
$880 - $1,190

Total Monthly Price

Base Rent$880 - $1,190
Total Monthly Price$880 - $1,190
1 to 2 Bedroom Apartments Available Now

Labor Center Lofts

1125 S Walnut StMuncie, IN 47302
Eco-Friendly
  • Verified
  • Utilities Included
  • 3D Tour

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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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.

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The Orchard
Studio to 3 Bedroom Apartments

The Orchard

720 W Centennial AveMuncie, IN 47303
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424 Lofts
1 to 2 Bedroom Apartments

424 Lofts

424 S Monroe StMuncie, IN 47305
Corporate Housing
  • Utilities Included

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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Showing Results 1-37, Page 1 of 1

Parker City, IN Local Guide

Cheapest Available Parker City Apartments for Rent and Nearby

 

The cheapest available apartment rental in Parker City, IN is a 2 Beds unit found at The Lofts at Roberts in the School neighborhood priced from $416. The Haven in the Westacres neighborhood has the second lowest priced unit, which is a 4 Beds apartment currently listed from $565. Here is today’s list of the most affordable Parker City apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Lofts at RobertsThe Liberty2BR,1BA$416
The Haven4x44BR,4BA$565
Muncie Varsity House3 Bed, 3 Bath Plus3BR,3BA$569
Grand Avenue Commons1 Bed, 1 bath1BR,1BA$729
Arrasmith ApartmentsArrasmith, in Downtown Muncie Live a Little More!1BR,1BA$810
City View Townhomes2 Bedroom Townhome2BR,1BA$838
Forest Oaks Apartments1 Bed 1 Bath (Down)1BR,1BA$850
6301 W Kilgore Ave1 Bed, 1 Bath1BR,1BA$850
The Alan1A-HC 60%2BR,1BA$870
Labor Center Lofts1BR/1.0BA1BR,1BA$880

Best Value Apartments for Rent in Parker City, IN and Nearby

As of September 07, 2026 the best value apartment in the Parker City area is the $0.60 price per square foot 2BD + Den/2BA Unfurnished Premium Model at University Village in the in the Westacres neighborhood starting from $779. The second greatest value Parker City apartment is the 3 bedroom Townhouse Model at City View Townhomes starting at $1,100 with a $1.02 price per square foot in the School neighborhood. Here is today’s list of the best values for Parker City apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
University Village2BD + Den/2BA Unfurnished Premium2BR,2BA$0.60
City View Townhomes3 bedroom Townhouse3BR,1.5BA$1.02
Silvertree CommunitiesLinden Place3BR,2BA$0.41
The Lofts at RobertsThe Liberty2BR,1BA$0.42
The Latitude Apartments2x2 Upgrade2BR,2BA$1.17
Muncie Varsity House2 Bed, 2 Bath Renovated2BR,2BA$0.67
Labor Center Lofts1BR/1.0BA1BR,1BA$1.13
Eaton ResidenceMove in Ready Premium Style 2-Bedroom Apartment...2BR,1BA$1.18
*Newly Renovated* Premium Style 2-4 BD Apartment Home2 Beds, 1 bath2BR,1BA$0.94
Grand Avenue Commons1 Bed, 1 bath1BR,1BA$1.04

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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Navigating 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.

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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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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 Parker City, IN Rentals by Map

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Frequently Asked Questions about Cheap Parker City Apartments

How much is rent for a Cheap One Bedroom Parker City Apartment?

The lowest price for a Cheap One Bedroom Parker City Apartment is $729 at Grand Avenue Commons.

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

Today's best deal for a Cheap Two Bedroom Apartment in Parker City is starting from $416 at The Lofts at Roberts.

What is the most affordable Parker City Three Bedroom Apartment?

The best deal on a cheap Parker City Three Bedroom Apartment rental is at Muncie Varsity House and starts from $569.

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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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.

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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.

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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.

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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.