Cheap Apartments for Rent in Petroleum, IN from $500 (43 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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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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Jefferson Place Villas
1 to 2 Bedroom Apartments

Jefferson Place Villas

720 Countryside DrOssian, IN 46777
  • Utilities Included

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.

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Showing Results 1-43, Page 1 of 1

Petroleum, IN Local Guide

Cheapest Available Petroleum Apartments for Rent and Nearby

 

The cheapest available apartment rental in Petroleum, IN is a Studio unit found at Emerald Square Apartments & Villas in the Southeast Fort Wayne neighborhood priced from $569. Villa Capri Apartments in the Continential Park neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $620. Here is today’s list of the most affordable Petroleum apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Emerald Square Apartments & VillasStudio Hickory MillStudio,1BA$569
Villa Capri ApartmentsPrato1BR,1BA$620
BUTLER AVENUE APARTMENTS1BR/1.0BA1BR,1BA$675
BECKFORD PLACE APARTMENTSApartment 1bd1BR,1BA$675
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
Waynedale Village ApartmentsOne Bed1BR,1BA$759
Hickory Creek1 Bedroom Flat1BR,1BA$779
Willow Creek CrossingThe Pullman1BR,1BA$785

Best Value Apartments for Rent in Petroleum, IN and Nearby

As of October 25, 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 3 bedroom Model at Granton Place Apartments starting at $1,125 with a $0.84 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
Granton Place Apartments3 bedroom3BR,1.5BA$0.84
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
55+ Historic Gallatin Square SeniorTwo Bedroom2BR,1BA$1.06
Delaware AcresPulse 60162BR,2BA$1.04
PARK FOREST APARTMENTS2BR/1.0BA2BR,1BA$1.03
South Bridge ApartmentsOne Bedroom One Bath Full-Size Washer/Dryer1BR,1BA$1.08
Villa Capri ApartmentsPrato1BR,1BA$0.86

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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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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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!

Explore Petroleum, IN Rentals by Map

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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 Emerald Square Apartments & Villas listed at $569.

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

The lowest price for a Cheap One Bedroom Petroleum Apartment is $620 at Villa Capri 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 $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 Apartments & Villas and starts from $929.

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.

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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.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.