Cheap Apartments for Rent in Pendleton, IN from $500 (23 Rentals)

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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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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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Pendleton, IN Local Guide

Cheapest Available Pendleton Apartments for Rent and Nearby

 

The cheapest available apartment rental in Pendleton, IN is a 1 Bed unit found at The Towers at Southdale Affordable Senior priced from $250. Longfellow Plaza Affordable Senior Community has the second lowest priced unit, which is a Studio apartment currently listed from $790. Here is today’s list of the most affordable Pendleton apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Towers at Southdale Affordable Senior1 Bed/ 1 Bath1BR,1BA$250
Longfellow Plaza Affordable Senior CommunityStudioStudio,1BA$790
ApplecreekThe Washington1BR,1BA$865
Cedar Ridge TownhomesThe Hickory1BR,1BA$869
Sun Valley TownhomesTownhouse2BR,1BA$935

Best Value Apartments for Rent in Pendleton, IN and Nearby

As of January 28, 2026 the best value apartment in the Pendleton area is the $1.39 price per square foot C1 | Renovated Model at Reveal on Cumberland Apartments in the in the Limestone Springs neighborhood starting from $1,995. The second greatest value Pendleton apartment is the Townhouse Model at Sun Valley Townhomes starting at $1,300 with a $0.92 price per square foot . Here is today’s list of the best values for Pendleton apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Reveal on Cumberland ApartmentsC1 | Renovated3BR,2BA$1.39
Sun Valley TownhomesTownhouse3BR,2.5BA$0.92
Redwood GreenfieldMeadowood2BR,2BA$1.38
Redwood Noblesville Harewood Drive NForestwood2BR,2BA$1.43
Summerlake Meadows(7182B1) 2x12BR,1BA$1.17
Deer Chase3Bed/2Bath Up3BR,2BA$1.37
Hoosier Woods3X2 60%3BR,2BA$0.85
Woods of BrittonCedar1BR,1BA$1.40
ApplecreekThe Washington1BR,1BA$1.29
The Towers at Southdale Affordable Senior1 Bed/ 1 Bath1BR,1BA$0.45

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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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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Frequently Asked Questions about Cheap Pendleton Apartments

What is the Cheapest Studio apartment in Pendleton?

Currently the most affordable Cheap Studio Apartment in Pendleton is at Longfellow Plaza Affordable Senior Community listed at $790.

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

The lowest price for a Cheap One Bedroom Pendleton Apartment is $250 at The Towers at Southdale Affordable Senior.

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

Today's best deal for a Cheap Two Bedroom Apartment in Pendleton is starting from $935 at Sun Valley Townhomes.

What is the most affordable Pendleton Three Bedroom Apartment?

The best deal on a cheap Pendleton Three Bedroom Apartment rental is at Hoosier Woods and starts from $999.

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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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.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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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.

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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.