
Cheap Homes for Rent in Redkey, IN from $600 (6 Rentals)
Search the lowest-cost Homes available for rent right now in Redkey.


233 1/2 W Washington St

521 W Franklin St
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.

302 N Meridian St

801-B W Riverside Ave

801-D W Riverside 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.
Redkey, IN Local Guide

How much does it cost to rent a home in Redkey?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Redkey 2 Bedroom Homes for Rent | $1,178 | $750 | $1,400 |
| Redkey 3 Bedroom Homes for Rent | $1,255 | $711 | $2,300 |
| Redkey 4 Bedroom Homes for Rent | $1,516 | $1,450 | $1,599 |
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Redkey, IN Local Guide
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Cheapest Available Redkey Apartments for Rent and Nearby
 The cheapest available apartment rental in Redkey, IN is a 4 Beds unit found at University Village in the Westacres neighborhood priced from $514. The Haven in the Westacres neighborhood has the second lowest priced unit, which is a 4 Beds apartment currently listed from $565. Here is today’s list of the most affordable Redkey apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| University Village | 4BD/2BA Furnished Premium | 4BR,2BA | $514 |
| The Haven | 4x4 | 4BR,4BA | $565 |
| Applegate | Studio Open - 288 sqft | Studio,1BA | $620 |
Best Value Apartments for Rent in Redkey, IN and Nearby
As of June 18, 2026 the best value apartment in the Redkey area is the $0.39 price per square foot 4BD/2BA Furnished Premium Model at University Village in the in the Westacres neighborhood starting from $514. The second greatest value Redkey apartment is the Pulse 7616 Model at Freedom Acres MHC starting at $1,139 with a $0.94 price per square foot in the Westacres neighborhood. Here is today’s list of the best values for Redkey apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| University Village | 4BD/2BA Furnished Premium | 4BR,2BA | $0.39 |
| Freedom Acres MHC | Pulse 7616 | 3BR,2BA | $0.94 |
| OAK TERRACE APARTMENTS | 2 bedroom 1.5 bath townhome | 2BR,1.5BA | $1.01 |
| The Latitude Apartments | 2x2 Upgrade | 2BR,2BA | $1.20 |
| Silvertree Communities | Silvertree 2bd | 2BR,1BA | $0.70 |
| 424 Lofts | 1 bedroom | 1BR,1BA | $1.09 |
| 715 E Race St | *Newly Renovated* Premium Style 2-Bedroom Apart... | 2BR,1BA | $1.11 |
| *Newly Renovated* Premium Style 2-4 BD Apartment Home | 2 Beds, 1 bath | 2BR,1BA | $0.94 |
| 6301 W Kilgore Ave | 1 Bed, 1 Bath | 1BR,1BA | $1.26 |
| Flats at West End | Luxury You Can Afford: Renovated 1BR Downtown |... | 1BR,1BA | $1.15 |
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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
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Frequently Asked Questions about Redkey
What type of rentals are currently available in Redkey?
There are currently 52 Apartments for Rent in Redkey, IN with pricing that ranges from $305 to $930,980. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Redkey ranging from $650 to $2,300.
What is the current price range for Rental Homes in Redkey?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Redkey ranges from $650 to $2,300 with an average monthly rent of $1,074.
How much are larger Three and Four Bedroom Rentals in Redkey?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Redkey range from $305 to $1,750, while Three Bedroom Homes, Condos, and Townhomes for rent range from $711 to $2,300. Four Bedroom Single-Family rentals are also available starting from $1,450 and Four Bedroom Apartments start at $449.
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.