
Cheap Homes for Rent in Patoka, IN from $600 (9 Rentals)
Search the lowest-cost Homes available for rent right now in Patoka.


1103 Broadway St

108 E Main St

1520 Main St
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.

605 W Michigan St

658 E Louisiana St

1326 Buntin St

1306 W Missouri 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.

2555 Stanley Ct
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 | $1,049 | $625 | $1,400 |
| Patoka 3 Bedroom Homes for Rent | $1,608 | $1,250 | $1,995 |
| Patoka 4 Bedroom Homes for Rent | $2,162 | $1,400 | $2,650 |
| Patoka 5 Bedroom Homes for Rent | $3,200 | $3,200 | $3,200 |
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. Valoré at Hidden Hills in the Outer Central North neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $675. 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 |
| Valoré at Hidden Hills | The Dogwood - One Bedroom Apartment Home | 1BR,1BA | $675 |
| Bradford Pointe Apartments | INBFP 2x1 675sqft - Classic | 2BR,1BA | $725 |
Best Value Apartments for Rent in Patoka, IN and Nearby
As of July 06, 2026 the best value apartment in the Patoka area is the $1.07 price per square foot Prime Living at Its Finest: Luxurious Stand-Alo... Model at Circle Point Villas in the in the Gibson County neighborhood starting from $1,650. The second greatest value Patoka apartment is the 3BR/2.0BA Model at Apartments@41 starting at $1,600 with a $1.15 price per square foot in the Business 41 neighborhood. 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. |
|---|---|---|---|
| Circle Point Villas | Prime Living at Its Finest: Luxurious Stand-Alo... | 3BR,2BA | $1.07 |
| Apartments@41 | 3BR/2.0BA | 3BR,2BA | $1.15 |
| Lakewood Flats and Townhomes | The Whispering Pine | 2BR,1.5BA | $0.95 |
| Baldwin Heights | 2 Bedroom | 2BR,1BA | $1.13 |
| Vail Estates Apartments | Two Bedroom One Bathroom | 2BR,1BA | $1.10 |
| Terra Trace Apartments | 2x1.5-936 | 2BR,1.5BA | $1.12 |
| Mission Viejo Villas | B- Barcelona | 1BR,1BA | $1.16 |
| Southern Meadows Senior Living | 2 Bed Apt | 2BR,1.5BA | $0.96 |
| Kimber Green Apartments | The Maple (Up) | 1BR,1BA | $1.15 |
| North Park | McCallister | 1BR,1BA | $1.10 |
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 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.
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 43 Apartments for Rent in Patoka, IN with pricing that ranges from $625 to $4,449. There are also 34 Single Family Homes for rent, Condos, and Townhome rentals currently available in Patoka ranging from $625 to $3,200.
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 $625 to $3,200 with an average monthly rent of $1,736.
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 $1,260 to $3,483, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,250 to $1,995. Four Bedroom Single-Family rentals are also available starting from $1,400 and Four Bedroom Apartments start at $1,849.
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

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.