
Cheap Apartments for Rent in Petroleum, IN from $300 (28 Rentals)
Search the lowest-cost Apartments available for rent right now in Petroleum.


Villa Capri Apartments

Emerald Square Apartments & Villas

BECKFORD PLACE APARTMENTS

Bridgedale Terrace Apartments

Thomas Jefferson Park
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.

Waynedale Village Apartments

The Meridian (Waterloo Gardens)

Turtle Creek Apartments

Somerset Apartments

South Bridge Apartments

123 W 20th St

1711 W 4th St
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.

Black Pine Flats

Adam & Bruce Senior Housing Apartments

Willow Creek Crossing

Hickory Creek
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Bluffton Park Apartments

2516 S Washington St

2101 S Gallatin St

815 W Main St

805 N Washington St

214 S 2nd St

202 N Meridian St
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

212 N Sutton St
Petroleum, IN Local Guide

How much does it cost to rent an apartment in Petroleum?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Petroleum Studio Apartments | $700 | $525 | $990 |
Petroleum 1 Bedroom Apartments | $874 | $357 | $1,365 |
Petroleum 2 Bedroom Apartments | $1,064 | $650 | $1,713 |
Petroleum 3 Bedroom Apartments | $1,183 | $800 | $1,799 |
Petroleum 4 Bedroom Apartments | $1,375 | $1,100 | $1,685 |
Browse Top Apartments in Petroleum
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Petroleum, IN Local Guide
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Cheapest Available Petroleum Apartments for Rent and Nearby
 The cheapest available apartment rental in Petroleum, IN is a 1 Bed unit found at Historic Gallatin Square Senior Apartments priced from $357. Villa Capri Apartments in the Continential Park neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $514. Here is today’s list of the most affordable Petroleum apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Historic Gallatin Square Senior Apartments | One Bedroom | 1BR,1BA | $357 |
Villa Capri Apartments | Prato | 1BR,1BA | $514 |
BECKFORD PLACE APARTMENTS | Studio | Studio,1BA | $525 |
Emerald Square Apartments & Villas | Studio Hickory Mill | Studio,1BA | $525 |
Waynedale Village Apartments | Studio | Studio,1BA | $659 |
UB Lofts | Studio | Studio,1BA | $680 |
The Meridian (Waterloo Gardens) | Premium 1 BED | 1 BATH | 1BR,1BA | $680 |
Turtle Creek Apartments | Studio | Studio,1BA | $695 |
Black Pine Flats | 1BR/1BA Classic | 1BR,1BA | $750 |
Adam & Bruce Senior Housing Apartments | Efficiency | Studio,1BA | $759 |
Best Value Apartments for Rent in Petroleum, IN and Nearby
As of June 25, 2025 the best value apartment in the Petroleum area is the $0.93 price per square foot CLA 3BR/2.5BA TH W/Patio Model at Coventry Court Townhomes in the in the Southwest Fort Wayne neighborhood starting from $1,450. The second greatest value Petroleum apartment is the 3 Bedroom Model at Homestead Townhomes starting at $1,799 with a $1.20 price per square foot in the Southwest Fort Wayne neighborhood. Here is today’s list of the best values for Petroleum apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Coventry Court Townhomes | CLA 3BR/2.5BA TH W/Patio | 3BR,2.5BA | $0.93 |
Homestead Townhomes | 3 Bedroom | 3BR,2.5BA | $1.20 |
Somerset Apartments | Two Bedroom | 2BR,1.5BA | $0.68 |
Fairview Court | Two Bedroom Townhome | 2BR,1.5BA | $0.93 |
Historic Gallatin Square Senior Apartments | Two Bedroom | 2BR,1BA | $1.00 |
South Bridge Apartments | Two Bedroom One Bath Stackable Washer/Dryer | 2BR,1BA | $1.06 |
Coral Club Apartments | 2BD - 1.5B | 2BR,1.5BA | $1.32 |
Villa Capri Apartments | Prato | 1BR,1BA | $0.71 |
Bluffton Park Apartments | Special Offer with signed lease ONE MONTH FREE!! | 1BR,1BA | $1.24 |
Hickory Creek | 1 Bedroom Flat | 1BR,1BA | $1.35 |
Quick Rent Budget Calculator
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Remember the 3 Rules of Real Estate:Location, Location, Location!
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Frequently Asked Questions about Cheap Petroleum Apartments
What is the Cheapest Studio apartment in Petroleum?
Currently the most affordable Cheap Studio Apartment in Petroleum is at BECKFORD PLACE APARTMENTS listed at $525.
How much is rent for a Cheap One Bedroom Petroleum Apartment?
The lowest price for a Cheap One Bedroom Petroleum Apartment is $357 at Historic Gallatin Square Senior Apartments.
What is the lowest price for a Cheap Two Bedroom Petroleum Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Petroleum is starting from $703 at Villa Capri Apartments.
What is the most affordable Petroleum Three Bedroom Apartment?
The best deal on a cheap Petroleum Three Bedroom Apartment rental is at Villa Capri Apartments and starts from $806.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.