Cheap Apartments for Rent near Petroleum, IN from $620 (47 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

Read Article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

Read Article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

Read Article
close
View Me
Woodhaven Oaks
1 to 3 Bedroom Apartments

Woodhaven Oaks

2008 Woodhaven DrFort Wayne, IN 46819
Corporate Housing
close
View Me
Beckford Place
Studio to 2 Bedroom Apartments

Beckford Place

1315 N Beckford PlMarion, IN 46952

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.

Read Article
close
View Me
Park Forest
2 Bedroom Apartments

Park Forest

1005 N Park Forest DrMarion, IN 46952

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.

Read Article
Showing Results 1-47, 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 1 Bed unit found at Villa Capri Apartments in the Continential Park neighborhood priced from $620. Waynedale Village Apartments in the Southwest Fort Wayne neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $689. Here is today’s list of the most affordable Petroleum apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Villa Capri ApartmentsPrato1BR,1BA$620
Waynedale Village ApartmentsStudioStudio,1BA$689
Somerset ApartmentsOne Bedroom1BR,1BA$722
Adam & Bruce Senior Housing ApartmentsEfficiencyStudio,1BA$742
Black Pine Flats1 bedroom classic 5041BR,1BA$799
Emerald Square Villas2x1 Deluxe2BR,1BA$819
Willow Creek CrossingThe Pullman1BR,1BA$820
Eaton ResidenceMove in Ready Premium Style 2-Bedroom Apartment...2BR,1BA$910
Coventry Court TownhomesCCT 2 BR/1 BA Townhome2BR,1BA$949
PINE GROVE APARTMENTS3 BED 2 BATH3BR,2BA$953

Best Value Apartments for Rent in Petroleum, IN and Nearby

As of September 12, 2026 the best value apartment in the Petroleum area is the $0.84 price per square foot CLA 3BR/2.5BA Townhome Model at Coventry Court Townhomes in the in the Southwest Fort Wayne neighborhood starting from $1,379. The second greatest value Petroleum apartment is the 3 Bedroom Townhome Model at Come home to Granton Place today! 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 Townhome3BR,2.5BA$0.84
Come home to Granton Place today!3 Bedroom Townhome3BR,1.5BA$0.84
Foster Park Apartments2 Bed Classic2BR,1.5BA$1.05
PINE GROVE APARTMENTS3 BED 2 BATH3BR,2BA$0.89
Cardinal Creek Crossing Apartments2BD/1BA2BR,1BA$0.99
Fairview Court Apartments2x1.5 Down Reno2BR,1.5BA$1.19
Emerald Square Villas2x1 Reno2BR,1BA$0.92
Eaton ResidenceMove in Ready Premium Style 2-Bedroom Apartment...2BR,1BA$1.18
Villa Capri ApartmentsPrato1BR,1BA$0.86
Somerset ApartmentsOne Bedroom1BR,1BA$1.05

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
Decorative image

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.

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 Article
Decorative image

Quick 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.

decorative image of people with a giant lease agreement

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

Explore Petroleum, IN Rentals by Map

Decorative image of map

See the most popular apartments and homes in Petroleum, IN

View Map
Petroleum, IN Apartments Map
View Map
Petroleum, IN Rental Homes Map

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 Waynedale Village Apartments listed at $689.

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 Villa Capri Apartments and starts from $946.

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

decorative image for Rent According to Income: A Look at Income-Restricted Rentals article

Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

decorative image for Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My! article

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

decorative image for Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags article

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.