
Cheap Homes for Rent in Petroleum, IN from $400 (7 Rentals)
Search the lowest-cost Homes available for rent right now in Petroleum.


815 W Main St

214 S 2nd St
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.

123 W 20th St

202 N Meridian 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.

212 N Sutton St
Petroleum, IN Local Guide

How much does it cost to rent a home in Petroleum?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Petroleum 2 Bedroom Homes for Rent | $920 | $600 | $1,300 |
Petroleum 3 Bedroom Homes for Rent | $2,378 | $890 | $10,000+ |
Petroleum 4 Bedroom Homes for Rent | $1,727 | $1,100 | $2,500 |
Browse Top Homes for Rent in Petroleum
Explore Petroleum
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 |
Best Value Apartments for Rent in Petroleum, IN and Nearby
As of July 09, 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 |
Thomas Jefferson Park | 2 Bedroom | 2BR,1.5BA | $0.77 |
Fairview Court | Two Bedroom Townhome | 2BR,1.5BA | $0.93 |
Historic Gallatin Square Senior Apartments | Two Bedroom | 2BR,1BA | $1.00 |
Turnberry Square Apartments | 2 bed/2 bath | 2BR,2BA | $1.19 |
Somerset Apartments | One Bedroom | 1BR,1BA | $0.98 |
Villa Capri Apartments | Prato | 1BR,1BA | $0.71 |
Bluffton Park Apartments | Fire Up the Grill… and This Hot Move-In Offer! | 1BR,1BA | $1.24 |
Carriage Place Apartments | The Edison | 1BR,1BA | $1.26 |
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Frequently Asked Questions about Petroleum
What type of rentals are currently available in Petroleum?
There are currently 41 Apartments for Rent in Petroleum, IN with pricing that ranges from $357 to $1,799. There are also 43 Single Family Homes for rent, Condos, and Townhome rentals currently available in Petroleum ranging from $499 to $21,950.
What is the current price range for Rental Homes in Petroleum?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Petroleum ranges from $499 to $21,950 with an average monthly rent of $1,397.
How much are larger Three and Four Bedroom Rentals in Petroleum?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Petroleum range from $806 to $1,799, while Three Bedroom Homes, Condos, and Townhomes for rent range from $890 to $21,950. Four Bedroom Single-Family rentals are also available starting from $1,100 and Four Bedroom Apartments start at $1,685.
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.