
Cheap Homes for Rent in Petroleum, IN from $500 (18 Rentals)
Search the lowest-cost Homes available for rent right now in Petroleum.


173 E Wilson Dr

805 N Washington St

100 E Williams St

225 S Angle St

1211 W Spencer Ave
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.

202 N Meridian St

1710 Madison St

740 E State St

203 W Race St

704-706 S Boots St

733 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.

335 Washington St

2065 E Lakeside Dr

202 N Plum St

5202 Bowser Ave

10737 Old Decatur Rd

6008 Landsdowne Dr
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.
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 | $887 | $600 | $1,250 |
| Petroleum 3 Bedroom Homes for Rent | $2,223 | $547 | $10,000+ |
| Petroleum 4 Bedroom Homes for Rent | $2,500 | $2,500 | $2,500 |
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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 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Emerald Square Apartments & Villas | Studio Hickory Mill | Studio,1BA | $569 |
| Villa Capri Apartments | Prato | 1BR,1BA | $620 |
| BUTLER AVENUE APARTMENTS | 1BR/1.0BA | 1BR,1BA | $675 |
| BECKFORD PLACE APARTMENTS | Apartment 1bd | 1BR,1BA | $675 |
| Adam & Bruce Senior Housing Apartments | Efficiency | Studio,1BA | $742 |
Best Value Apartments for Rent in Petroleum, IN and Nearby
As of October 24, 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Coventry Court Townhomes | CLA 3BR/2.5BA Townhome W/Patio | 3BR,2.5BA | $0.90 |
| Granton Place Apartments | 3 bedroom | 3BR,1.5BA | $0.84 |
| Somerset Apartments | Two Bedroom | 2BR,1.5BA | $0.68 |
| Thomas Jefferson Park | 2 Bedroom | 2BR,1.5BA | $0.77 |
| Fairview Court Apartments | 2 BR/1.5 BA | 2BR,1.5BA | $0.95 |
| FIELDCREST APARTMENTS | 2 bedroom | 2BR,1BA | $0.91 |
| 55+ Historic Gallatin Square Senior | Two Bedroom | 2BR,1BA | $1.06 |
| Delaware Acres | Pulse 6016 | 2BR,2BA | $1.04 |
| PARK FOREST APARTMENTS | 2BR/1.0BA | 2BR,1BA | $1.03 |
| Villa Capri Apartments | Prato | 1BR,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.
Read ArticleDon'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 ArticleThe 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 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 40 Single Family Homes for rent, Condos, and Townhome rentals currently available in Petroleum ranging from $547 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 $547 to $21,950 with an average monthly rent of $1,567.
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 $21,950. Four Bedroom Single-Family rentals are also available starting from $2,500 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.

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

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.

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.