1604 W 15th St
AndersonIN46016
Cheap Homes for Rent in Pendleton, IN from $500 (12 Rentals)
Search the lowest-cost Homes available for rent right now in Pendleton.
1807 Raible Ave
AndersonIN46011
1502 Cedar St
AndersonIN46016
2324 Chase St
AndersonIN46016
1807 W 27th St
AndersonIN46016
1516 Fulton St
AndersonIN46016
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.
2308 Pitt St
AndersonIN46016
1404 Walton St
AndersonIN46016
1631 W 7th St
AndersonIN46016
2619 Jackson St
AndersonIN46016
1614 W 18th St
AndersonIN46016
2626 Morton St
AndersonIN46016
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.
Showing Results 1-12, Page 1 of 1
Pendleton, IN Local Guide
Downtown Pendleton by Chris Flook is licensed under CC BY 4.0
How much does it cost to rent a home in Pendleton?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Pendleton 2 Bedroom Homes for Rent | $1,103 | $850 | $1,800 |
| Pendleton 3 Bedroom Homes for Rent | $1,877 | $995 | $3,000 |
| Pendleton 4 Bedroom Homes for Rent | $2,618 | $2,000 | $3,125 |
| Pendleton 5 Bedroom Homes for Rent | $2,197 | $1,900 | $2,495 |
Browse Top Homes for Rent in Pendleton
Explore Pendleton
Pendleton, IN Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Towers at Southdale Affordable Senior | 1 Bed/ 1 Bath | 1BR,1BA | $250 |
| Longfellow Plaza Affordable Senior Community | Studio | Studio,1BA | $790 |
| Harter House | Blanche | Studio,1BA | $855 |
| Cedar Ridge Townhomes | The Birch | 1BR,1BA | $859 |
| Sun Valley Townhomes | Townhouse | 2BR,1BA | $935 |
Best Value Apartments for Rent in Pendleton, IN and Nearby
As of April 23, 2026 the best value apartment in the Pendleton area is the $1.37 price per square foot Aspen Model at Meridian Homes at Sycamore Drive in the in the Admirals Landing neighborhood starting from $2,664. 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Meridian Homes at Sycamore Drive | Aspen | 4BR,2.5BA | $1.37 |
| Sun Valley Townhomes | Townhouse | 3BR,2.5BA | $0.92 |
| Summerlake Meadows | (7182B1) 2x1 | 2BR,1BA | $1.21 |
| Deer Chase | 2Bed/2Bath Up | 2BR,2BA | $1.37 |
| Cumberland Pointe Apartments | Beacon-U | 2BR,1BA | $1.25 |
| Hoosier Woods | 2X2 60% | 2BR,2BA | $1.13 |
| Applecreek | The Golden | 2BR,1BA | $1.16 |
| Courtyard Village Apartments | 628-C | 2BR,1BA | $1.30 |
| Madison Lakes | One Bedroom | 1BR,1BA | $1.25 |
| The Towers at Southdale Affordable Senior | 1 Bed/ 1 Bath | 1BR,1BA | $0.45 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read Article
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 ArticleCash 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.
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.
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Pet Friendly Lifestyle
Ranked #
Among cities in Indiana for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
Pet Friendly
Best Local Schools in Pendleton, IN
Pendleton Heights High School
South Madison Com Sch Corp
Public School - Grades 9-12 (1357)
9 out of 10
Pendleton Heights Middle School
South Madison Com Sch Corp
Public School - Grades 6-8 (721)
5 out of 10
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Pendleton, IN Rentals by Map
See the most popular apartments and homes in Pendleton, IN
Frequently Asked Questions about Pendleton
What type of rentals are currently available in Pendleton?
There are currently 49 Apartments for Rent in Pendleton, IN with pricing that ranges from $250 to $4,113. There are also 44 Single Family Homes for rent, Condos, and Townhome rentals currently available in Pendleton ranging from $525 to $3,125.
What is the current price range for Rental Homes in Pendleton?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Pendleton ranges from $525 to $3,125 with an average monthly rent of $1,507.
How much are larger Three and Four Bedroom Rentals in Pendleton?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Pendleton range from $803 to $4,113, while Three Bedroom Homes, Condos, and Townhomes for rent range from $995 to $3,000. Four Bedroom Single-Family rentals are also available starting from $2,000 and Four Bedroom Apartments start at $1,399.
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
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.
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.