Cheap Apartments for Rent in Petroleum, IN from $300 (32 Rentals)

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Search the lowest-cost Apartments available for rent right now in Petroleum.

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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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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Jefferson Place Villas
1 to 2 Bedroom Apartments

Jefferson Place Villas

720 Countryside DrOssian, IN 46777
  • Utilities Included

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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Petroleum, IN Local Guide

Cheapest Available Petroleum Apartments for Rent and Nearby

 

The cheapest available apartment rental in Petroleum, IN is a 1 Bed unit found at Senior Living 55+ - Historic Gallatin Square priced from $379. Emerald Square Villas in the Southeast Fort Wayne neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $569. Here is today’s list of the most affordable Petroleum apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Senior Living 55+ - Historic Gallatin SquareOne Bedroom1BR,1BA$379
Emerald Square VillasStudio Hickory MillStudio,1BA$569
Villa Capri ApartmentsPrato1BR,1BA$620
Your new home awaits!1 Bedroom1BR,1BA$650
Waynedale Village ApartmentsStudioStudio,1BA$659
Welcome to Beckford PlaceApartment 1bd1BR,1BA$675
PINE GROVE APARTMENTS1 BED 1 BATH1BR,1BA$691
Adam & Bruce Senior Housing ApartmentsEfficiencyStudio,1BA$742
Black Pine Flats1BR/1BA Classic1BR,1BA$749
The Meridian (Waterloo Gardens)Premium 1 BED | 1 BATH1BR,1BA$755

Best Value Apartments for Rent in Petroleum, IN and Nearby

As of December 11, 2025 the best value apartment in the Petroleum area is the $0.90 price per square foot CLA 3BR/2.5BA Townhome W/Patio Model at Coventry Court Townhomes in the in the Southwest Fort Wayne neighborhood starting from $1,399. The second greatest value Petroleum apartment is the Two Bedroom Model at Somerset Apartments starting at $840 with a $0.68 price per square foot . Here is today’s list of the best values for Petroleum apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Coventry Court TownhomesCLA 3BR/2.5BA Townhome W/Patio3BR,2.5BA$0.90
Somerset ApartmentsTwo Bedroom2BR,1.5BA$0.68
Thomas Jefferson Park2 Bedroom2BR,1.5BA$0.77
Fairview Court Apartments2 BR/1.5 BA2BR,1.5BA$0.95
Welcome to the Fieldcrest Apartments!2 bedroom2BR,1BA$0.91
Senior Living 55+ - Historic Gallatin SquareTwo Bedroom2BR,1BA$1.06
Come home to Park Forest today!2BR/1.0BA2BR,1BA$1.00
Come home to Granton Place today!1 bedroom1BR,1BA$0.98
Villa Capri ApartmentsPrato1BR,1BA$0.86
PINE GROVE APARTMENTS1 BED 1 BATH1BR,1BA$1.03

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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Cheap Petroleum Apartments

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

The lowest price for a Cheap One Bedroom Petroleum Apartment is $379 at Senior Living 55+ - Historic Gallatin Square.

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 $739 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 Emerald Square Villas and starts from $929.

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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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! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.