
Cheap Apartments for Rent in Rensselaer, IN from $400 (18 Rentals)
Search the lowest-cost Apartments available for rent right now in Rensselaer.


Meadowood Apartments

Serenity Terrace Apartments

Willow Creek Villas

Total Monthly Price
Launch

Woods Edge
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.

Highland Apartments

University Crossing Apartments & Townhomes

McCormick Manor

Shai Lynn

Chauncey Village

Viewpointe Apartment Homes
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.

Total Monthly Price
The Interurban Apartments

Fowler Place Apartments

Bethel Townhomes

The Vintage

Valley Tower/Prospect Hill Apartments

1155 Anthrop Dr
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
Rensselaer, IN Local Guide

How much does it cost to rent an apartment in Rensselaer?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Rensselaer Studio Apartments | $1,519 | $785 | $1,985 |
| Rensselaer 1 Bedroom Apartments | $1,611 | $750 | $2,875 |
| Rensselaer 2 Bedroom Apartments | $1,780 | $497 | $3,454 |
| Rensselaer 3 Bedroom Apartments | $1,818 | $649 | $3,101 |
| Rensselaer 4 Bedroom Apartments | $1,486 | $875 | $2,900 |
Browse Top Apartments in Rensselaer
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Rensselaer, IN Local Guide
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Cheapest Available Rensselaer Apartments for Rent and Nearby
 The cheapest available apartment rental in Rensselaer, IN is a 1 Bed unit found at Fowler Place Apartments priced from $599. Fairway Apartments in the Discovery Park neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $619. Here is today’s list of the most affordable Rensselaer apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Fowler Place Apartments | Floorplan F | 1BR,1BA | $599 |
| Fairway Apartments | Kingston | Text to Tour 765-735-3515. Priced pe... | 2BR,1BA | $619 |
| Launch | 3A | 3BR,3BA | $649 |
| Woods Edge | The Boilermaker | 1BR,1BA | $750 |
| 231 Flats | 2 Bedroom 2 Bath | 2BR,2BA | $799 |
Best Value Apartments for Rent in Rensselaer, IN and Nearby
As of February 20, 2026 the best value apartment in the Rensselaer area is the $1.30 price per square foot 3 BD/2 BA - POND VIEW Model at West Heights Townhomes - West Lafayette in the in the Discovery Park neighborhood starting from $2,195. The second greatest value Rensselaer apartment is the Leasing NOW - 2025 Brand new 3bd/2bth homes Model at Candlelight Estates starting at $1,297 with a $1.06 price per square foot . Here is today’s list of the best values for Rensselaer apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| West Heights Townhomes - West Lafayette | 3 BD/2 BA - POND VIEW | 3BR,2.5BA | $1.30 |
| Candlelight Estates | Leasing NOW - 2025 Brand new 3bd/2bth homes | 3BR,2BA | $1.06 |
| Lodge on the Trail | Nevada-PREM | 3BR,3BA | $0.67 |
| The Cottages on Lindberg | 2 BEDROOM 2.5 BATH | 2BR,2.5BA | $1.03 |
| Fountain View Apartments | 2BR / 1BA | 2BR,1BA | $1.31 |
| Highland Apartments | 2A - Highland Apartments | 2BR,1BA | $1.22 |
| 52 Flats | 1 BD 1 BA Duplex | 1BR,1BA | $1.32 |
| Woods Edge | The Boilermaker | 1BR,1BA | $1.07 |
| Fairway Apartments | SPRING RATE ONLY-Newcastle | Text to Tour 765-7... | 1BR,1BA | $1.21 |
| Fowler Place Apartments | Floorplan F | 1BR,1BA | $1.20 |
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 ArticleCash 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.
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 Rensselaer, IN
Van Rensselaer Elementary School
Rensselaer Central High School
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Rensselaer, IN Rentals by Map
See the most popular apartments and homes in Rensselaer, IN
Frequently Asked Questions about Cheap Rensselaer Apartments
What is the Cheapest Studio apartment in Rensselaer?
Currently the most affordable Cheap Studio Apartment in Rensselaer is at Viewpointe Apartment Homes listed at $938.
How much is rent for a Cheap One Bedroom Rensselaer Apartment?
The lowest price for a Cheap One Bedroom Rensselaer Apartment is $599 at Fowler Place Apartments.
What is the lowest price for a Cheap Two Bedroom Rensselaer Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Rensselaer is starting from $497 at Fairway Apartments.
What is the most affordable Rensselaer Three Bedroom Apartment?
The best deal on a cheap Rensselaer Three Bedroom Apartment rental is at Launch and starts from $649.
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

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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.