1604 W 15th St
AndersonIN46016
Cheap Homes for Rent in Pendleton, IN from $500 (14 Rentals)
Search the lowest-cost Homes available for rent right now in Pendleton.
702 W 23rd St
AndersonIN46016
1807 Raible Ave
AndersonIN46011
1403 W 4th St
AndersonIN46016
223 E 11th St
AndersonIN46016
1720 W 24th St
AndersonIN46016
2324 Chase 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.
2109 W 9th St
AndersonIN46016
330 W 14th St
AndersonIN46016
1631 W 7th St
AndersonIN46016
1Lavina Ln
FortvilleIN46040
1807 Walton St
AndersonIN46016
1820 Pearl St
AndersonIN46016
1 Lavina Ln
FishersIN46040
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 1-14, 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 | $1,116 | $895 | $2,000 |
| Pendleton 3 Bedroom Homes for Rent | $1,839 | $1,000 | $2,475 |
| Pendleton 4 Bedroom Homes for Rent | $2,733 | $2,225 | $3,125 |
| Pendleton 5 Bedroom Homes for Rent | $3,050 | $3,050 | $3,050 |
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 |
| Stonecrest Apartments | 1 bedroom 1 bath #3 | 1BR,1BA | $840 |
| Villages on Madison Apartments | 1x1 R | 1BR,1BA | $860 |
| Applecreek | The Washington | 1BR,1BA | $865 |
Best Value Apartments for Rent in Pendleton, IN and Nearby
As of June 08, 2026 the best value apartment in the Pendleton area is the $0.92 price per square foot Townhouse Model at Sun Valley Townhomes in the starting from $1,300. The second greatest value Pendleton apartment is the Meadowood Model at Redwood Greenfield starting at $1,824 with a $1.38 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. |
|---|---|---|---|
| Sun Valley Townhomes | Townhouse | 3BR,2.5BA | $0.92 |
| Redwood Greenfield | Meadowood | 2BR,2BA | $1.38 |
| Woods of Britton | Walnut | 2BR,2BA | $1.23 |
| Jefferson Place Apartments | C2-U | 3BR,2BA | $1.31 |
| Deer Chase | 3Bed/2Bath Up | 3BR,2BA | $1.37 |
| Hoosier Woods | 2X2 60% | 2BR,2BA | $1.13 |
| Madison Lakes | One Bedroom | 1BR,1BA | $1.25 |
| Applecreek | The Washington | 1BR,1BA | $1.29 |
| Stonecrest Apartments | 1 bedroom 1 bath #1 | 1BR,1BA | $1.42 |
| The Towers at Southdale Affordable Senior | 1 Bed/ 1 Bath | 1BR,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.
Read Article
Real 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.
Let everyone know!
Do you know the Pendleton area?
If you’re an expert on all things Pendleton, tell us what you love (and don't) by rating it and writing a review.
Write a Review
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 $3,910. There are also 40 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 $1,653.
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 $1,130 to $3,910, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,000 to $2,475. Four Bedroom Single-Family rentals are also available starting from $2,225 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
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.
Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.
Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.