
Cheap Apartments for Rent in Portage, IN from $700 (23 Rentals)
Search the lowest-cost Apartments available for rent right now in Portage.


The Promenade at Founders Square

Willow Creek

Port Crossing Apartments

Cherry Hill Apartment Homes

Willow Creek Apartments

5131 Independence Ave
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.

1 bedroom in Portage, IN.46368

Swanson Court Apartments

Rittenhouse Village At Portage Senior Living

Mulberry Manor

Canden Crossing

Breckenridge Apartments

Traditions at Burns Harbor Apartment Homes
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.

1022 South 19th Street

2620 County Line Rd

3810 Schneider St

531 N Kelly St

Mansard du Lac

2474 County Line Rd

Woodlake Village Apartments
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.

Arbor Crossing Apartments

Anderson Crossing
Portage, IN Local Guide

How much does it cost to rent an apartment in Portage?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Portage Studio Apartments | $1,251 | $1,251 | $1,251 |
| Cheap Portage 1 Bedroom Apartments | $1,399 | $1,080 | $1,610 |
| Cheap Portage 2 Bedroom Apartments | $1,540 | $1,100 | $2,199 |
| Cheap Portage 3 Bedroom Apartments | $1,895 | $1,474 | $2,488 |
Browse Top Apartments in Portage
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Portage, IN Local Guide
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Cheapest Neighborhoods for Apartments in Portage, IN
Pricing Updated: 06/12/2026Current 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:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Crisman | $1,789 | $1,080 | 13 |
| Garyton | $1,862 | $1,080 | 13 |
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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Willow Creek | danbury | 1BR,1BA | $1,080 |
| Park Shore Commons | 1 Bedroom 1 Bathroom | 1BR,1BA | $1,113 |
| Port Crossing Apartments | A1 | 1BR,1BA | $1,149 |
| Traditions at Burns Harbor Apartment Homes | 1BR/1B-SH | 1BR,1BA | $1,289 |
| Cherry Hill Apartment Homes | J | 3BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Cherry Hill Apartment Homes | G | 3BR,1.5BA | $1.12 |
| The Promenade at Founders Square | Jefferson Style C | 2BR,2BA | $1.74 |
| 678 Dearborn Rd | 2 Beds, 1.5 Baths | 2BR,1.5BA | $1.40 |
| 5271 Concord Ave, Unit C | 5271 Concord Ave | 2BR,1BA | $1.27 |
| Lake Pointe Apartment Homes | One Bedroom | 1BR,1BA | $1.58 |
| Port Crossing Apartments | B2 | 2BR,1BA | $1.68 |
| Traditions at Burns Harbor Apartment Homes | 1BR/1B-SH | 1BR,1BA | $1.72 |
| Willow Creek | danbury | 1BR,1BA | $1.50 |
| Park Shore Commons | 1 Bedroom 1 Bathroom | 1BR,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.
Read ArticleReal 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.
Read ArticleQuick 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.
Best Local Schools in Portage, IN
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Portage, IN Rentals by Map
See the most popular apartments and homes in Portage, IN
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

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.

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.

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.

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.