
Cheap Homes for Rent in Patoka, IN from $700 (13 Rentals)
Search the lowest-cost Homes available for rent right now in Patoka.


4813 Tanglewood Dr

1103 Broadway St

928 Negley Ave

404 E Virginia St

510 E Franklin St
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.

1102 Harriet St

3513 Little Creek Pkwy

1603 W Missouri St

1501 Stringtown Rd

624 E Delaware St

1816 N Denby Ave
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.

4909 N Old Hwy 41
Patoka, IN Local Guide

How much does it cost to rent a home in Patoka?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Patoka 2 Bedroom Homes for Rent | $1,745 | $900 | $3,500 |
| Patoka 3 Bedroom Homes for Rent | $1,504 | $995 | $2,600 |
| Patoka 4 Bedroom Homes for Rent | $1,378 | $950 | $2,000 |
Browse Top Homes for Rent in Patoka
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Patoka, IN Local Guide
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Cheapest Available Patoka Apartments for Rent and Nearby
 The cheapest available apartment rental in Patoka, IN is a 1 Bed unit found at SPRING VALLEY FLATS in the Oakhill neighborhood priced from $599. Lakewood Flats and Townhomes in the Howell neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $670. Here is today’s list of the most affordable Patoka apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| SPRING VALLEY FLATS | The Redbud | 1BR,1BA | $599 |
| Lakewood Flats and Townhomes | 2 small wd | 2BR,1BA | $670 |
| Princeton Court | 1 Bed 1 Bath | 1BR,1BA | $700 |
| Valoré at Hidden Hills | The Pine - One Bedroom Apartment Home | 1BR,1BA | $725 |
| Southern Meadows Senior Living | 1 Bed Apt | 1BR,1BA | $750 |
Best Value Apartments for Rent in Patoka, IN and Nearby
As of December 19, 2025 the best value apartment in the Patoka area is the $1.12 price per square foot The Homestead Model at The Reserve Apartments and Townhomes in the in the Lant Manor neighborhood starting from $1,834. The second greatest value Patoka apartment is the 3BR Villa Model at Circle Point Villas starting at $1,615 with a $1.05 price per square foot . Here is today’s list of the best values for Patoka apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Reserve Apartments and Townhomes | The Homestead | 3BR,2.5BA | $1.12 |
| Circle Point Villas | 3BR Villa | 3BR,2BA | $1.05 |
| Apartments@41 | 3BR/2.0BA | 3BR,2BA | $1.19 |
| Vail Estates Apartments | Two Bedroom One Bathroom | 2BR,1BA | $1.08 |
| North Park | Harrington | 2BR,1BA | $1.02 |
| The Brickyard Apartments | Keystone | 1BR,1BA | $1.16 |
| Baldwin Heights | 1 Bedroom | 1BR,1BA | $1.21 |
| Mission Viejo Villas | B- Barcelona | 1BR,1BA | $1.16 |
| Kimber Green Apartments | The Maple (Down) | 1BR,1BA | $1.28 |
| Princeton Court | 1 Bed 1 Bath | 1BR,1BA | $1.22 |
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 ArticleThe 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.
Read ArticleQuick Rent Budget Calculator
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Remember the 3 Rules of Real Estate:Location, Location, Location!
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Frequently Asked Questions about Patoka
What type of rentals are currently available in Patoka?
There are currently 42 Apartments for Rent in Patoka, IN with pricing that ranges from $599 to $4,399. There are also 37 Single Family Homes for rent, Condos, and Townhome rentals currently available in Patoka ranging from $700 to $3,500.
What is the current price range for Rental Homes in Patoka?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Patoka ranges from $700 to $3,500 with an average monthly rent of $1,331.
How much are larger Three and Four Bedroom Rentals in Patoka?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Patoka range from $1,150 to $2,411, while Three Bedroom Homes, Condos, and Townhomes for rent range from $995 to $2,600. Four Bedroom Single-Family rentals are also available starting from $950 and Four Bedroom Apartments start at $1,799.
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

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.