Cheap Homes for Rent in Pendleton, IN from $500 (10 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.

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.

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. Courtyard Village Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $750. 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
Courtyard Village Apartments609-A1BR,1BA$750
Longfellow Plaza Affordable Senior CommunityStudioStudio,1BA$790

Best Value Apartments for Rent in Pendleton, IN and Nearby

As of December 29, 2025 the best value apartment in the Pendleton area is the $1.31 price per square foot Aspen Model at Meridian Homes at Sycamore Drive in the in the Admirals Landing neighborhood starting from $2,560. The second greatest value Pendleton apartment is the Breezewood Sunroom Model at Redwood Greenfield starting at $2,249 with a $1.32 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.
Meridian Homes at Sycamore DriveAspen4BR,2.5BA$1.31
Redwood GreenfieldBreezewood Sunroom2BR,2BA$1.32
Sun Valley TownhomesTownhouse3BR,2.5BA$0.92
Summerlake Meadows(7182B1) 2x12BR,1BA$1.13
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
Cedar Ridge TownhomesThe Hickory1BR,1BA$1.38
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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Pendleton

What type of rentals are currently available in Pendleton?

There are currently 48 Apartments for Rent in Pendleton, IN with pricing that ranges from $250 to $3,630. There are also 42 Single Family Homes for rent, Condos, and Townhome rentals currently available in Pendleton ranging from $595 to $3,000.

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 $595 to $3,000 with an average monthly rent of $1,761.

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 $3,630, while Three Bedroom Homes, Condos, and Townhomes for rent range from $851 to $2,750. Four Bedroom Single-Family rentals are also available starting from $1,150 and Four Bedroom Apartments start at $865.

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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How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!