Cheap Apartments for Rent in Portage, IN from $700 (23 Rentals)

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

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.

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Swanson Court Apartments
Studio to 2 Bedroom Apartments

Swanson Court Apartments

5656 Willowdale LnPortage, IN 46368
  • Utilities Included
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Mulberry Manor
2 Bedroom Apartments

Mulberry Manor

5260 Mulberry AvePortage, IN 46368
  • Utilities Included
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Canden Crossing
2 Bedroom Apartments

Canden Crossing

6021 Canden AvePortage, IN 46368
  • Utilities Included

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.

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2620 County Line Rd
1 to 3 Bedroom Apartments

2620 County Line Rd

2620 County Line RdLake Station, IN 46405
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3810 Schneider St
3 Bedroom Apartments

3810 Schneider St

3810 Schneider StLake Station, IN 46405
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531 N Kelly St
1 Bedroom Apartments

531 N Kelly St

531 N Kelly StHobart, IN 46342
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Mansard du Lac
Studio Apartments

Mansard du Lac

7300 E 10th AveLake Station, IN 46405

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.

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Anderson Crossing
1 Bedroom Apartments

Anderson Crossing

785 Baltimore RdValparaiso, IN 46385
  • Utilities Included

Portage, IN Local Guide

Cheapest Neighborhoods for Apartments in Portage, IN

Pricing Updated: 06/12/2026

Current apartment rentals in the Portage, IN area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Portage Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Crisman$1,789$1,08013
Garyton$1,862$1,08013

Cheapest Available Portage Apartments for Rent

 

The cheapest available apartment rental in Portage, IN is a 1 Bed unit found at Willow Creek in the Garyton neighborhood priced from $1,080. Park Shore Commons in the Garyton neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,113. Here is today’s list of the most affordable Portage apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Willow Creekdanbury1BR,1BA$1,080
Park Shore Commons1 Bedroom 1 Bathroom1BR,1BA$1,113
Port Crossing ApartmentsA11BR,1BA$1,149
Traditions at Burns Harbor Apartment Homes1BR/1B-SH1BR,1BA$1,289
Cherry Hill Apartment HomesJ3BR,1BA$1,388

Best Value Apartments for Rent in Portage, IN

As of June 12, 2026 the best value apartment in the Portage area is the $1.12 price per square foot G Model at Cherry Hill Apartment Homes in the in the Garyton neighborhood starting from $1,475. The second greatest value Portage apartment is the Jefferson Style C Model at The Promenade at Founders Square starting at $1,775 with a $1.74 price per square foot in the Garyton neighborhood. Here is today’s list of the best values for Portage apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Cherry Hill Apartment HomesG3BR,1.5BA$1.12
The Promenade at Founders SquareJefferson Style C2BR,2BA$1.74
678 Dearborn Rd2 Beds, 1.5 Baths2BR,1.5BA$1.40
5271 Concord Ave, Unit C5271 Concord Ave2BR,1BA$1.27
Lake Pointe Apartment HomesOne Bedroom1BR,1BA$1.58
Port Crossing ApartmentsB22BR,1BA$1.68
Traditions at Burns Harbor Apartment Homes1BR/1B-SH1BR,1BA$1.72
Willow Creekdanbury1BR,1BA$1.50
Park Shore Commons1 Bedroom 1 Bathroom1BR,1BA$1.97

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.

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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.

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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.

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

Explore Portage, IN Rentals by Map

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Frequently Asked Questions about Cheap Portage Apartments

What is the price of a cheap apartment in Portage?

The cheapest apartment in Portage is Willow Creek which is listed at $1,080, while the average apartment in Portage costs $1,825.

What types of apartments are the cheapest in Portage?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 6 regular apartments in Portage that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Portage?

Cheap apartments in Portage have an average cost of $236 which is $1,589 cheaper than the average rent for all rentals in Portage.

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

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

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.