
Cheap Homes for Rent in Petroleum, IN from $400 (9 Rentals)
Search the lowest-cost Homes available for rent right now in Petroleum.


100 E Williams St

805 N Washington St

202 N Meridian St
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.

1003 W Kickapoo St

740 E State St

2017 E Wabash Ave

3702 S Boots 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.

4270 E Montpelier Pike
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 | $950 | $650 | $1,300 |
| Petroleum 3 Bedroom Homes for Rent | $2,003 | $425 | $10,000+ |
| Petroleum 4 Bedroom Homes for Rent | $2,400 | $2,400 | $2,400 |
| Petroleum 5 Bedroom Homes for Rent | $1,850 | $1,850 | $1,850 |
Browse Top Homes for Rent in Petroleum
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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 1 Bed unit found at Senior Living 55+ - Historic Gallatin Square priced from $379. Emerald Square Villas in the Southeast Fort Wayne neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $569. Here is today’s list of the most affordable Petroleum apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Senior Living 55+ - Historic Gallatin Square | One Bedroom | 1BR,1BA | $379 |
| Emerald Square Villas | Studio Hickory Mill | Studio,1BA | $569 |
| Villa Capri Apartments | Prato | 1BR,1BA | $620 |
Best Value Apartments for Rent in Petroleum, IN and Nearby
As of December 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 Two Bedroom Model at Somerset Apartments starting at $840 with a $0.68 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 |
| Somerset Apartments | Two Bedroom | 2BR,1.5BA | $0.68 |
| Thomas Jefferson Park | 2 Bedroom | 2BR,1.5BA | $0.77 |
| PINE GROVE APARTMENTS | 3 BED 2 BATH | 3BR,2BA | $0.89 |
| Fairview Court Apartments | 2 BR/1.5 BA | 2BR,1.5BA | $0.95 |
| Welcome to the Fieldcrest Apartments! | 2 bedroom | 2BR,1BA | $0.91 |
| Senior Living 55+ - Historic Gallatin Square | Two Bedroom | 2BR,1BA | $1.06 |
| Come home to Park Forest today! | 2BR/1.0BA | 2BR,1BA | $1.00 |
| Come home to Granton Place today! | 1 bedroom | 1BR,1BA | $0.98 |
| Villa Capri Apartments | Prato | 1BR,1BA | $0.86 |
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 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.
Read ArticleQuick Rent Budget Calculator
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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 44 Apartments for Rent in Petroleum, IN with pricing that ranges from $379 to $1,685. There are also 37 Single Family Homes for rent, Condos, and Townhome rentals currently available in Petroleum ranging from $425 to $17,900.
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 $425 to $17,900 with an average monthly rent of $1,569.
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 $425 to $17,900. Four Bedroom Single-Family rentals are also available starting from $2,400 and Four Bedroom Apartments start at $1,250.
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

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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.