Cheap Homes for Rent in Petroleum, IN from $500 (14 Rentals)

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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 Studio unit found at Emerald Square Apartments & Villas in the Southeast Fort Wayne neighborhood priced from $549. 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$549
Villa Capri ApartmentsPrato1BR,1BA$620
Waynedale Village ApartmentsStudioStudio,1BA$659
BECKFORD PLACE APARTMENTSApartment 1bd1BR,1BA$675
UB LoftsStudioStudio,1BA$680

Best Value Apartments for Rent in Petroleum, IN and Nearby

As of September 09, 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 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Coventry Court TownhomesCLA 3BR/2.5BA Townhome W/Patio3BR,2.5BA$0.90
Homestead Townhomes3 Bedroom3BR,2.5BA$1.20
Granton Place Apartments3 bedroom3BR,1.5BA$0.76
Thomas Jefferson Park2 Bedroom2BR,1.5BA$0.77
Fairview Court Apartments2 BR/1.5 BA2BR,1.5BA$0.95
Delaware AcresPulse 60162BR,2BA$1.18
OAK TERRACE APARTMENTS2 bedroom townhome2BR,1BA$0.96
Turnberry Square Apartments2 bed/2 bath2BR,2BA$1.19
Somerset ApartmentsOne Bedroom1BR,1BA$0.98
Villa Capri ApartmentsPrato1BR,1BA$0.86

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

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Frequently Asked Questions about Petroleum

What type of rentals are currently available in Petroleum?

There are currently 42 Apartments for Rent in Petroleum, IN with pricing that ranges from $525 to $1,685. There are also 39 Single Family Homes for rent, Condos, and Townhome rentals currently available in Petroleum ranging from $500 to $2,000.

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 $500 to $2,000 with an average monthly rent of $1,026.

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 $946 to $1,599, while Three Bedroom Homes, Condos, and Townhomes for rent range from $547 to $2,000. Four Bedroom Single-Family rentals are also available starting from $1,350 and Four Bedroom Apartments start at $1,250.

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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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.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

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Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.