Cheap Apartments for Rent in Rensselaer, IN from $400 (55 Rentals)

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

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Meadowood Apartments
1 to 3 Bedroom Apartments

Meadowood Apartments

841 Kannal CtRensselaer, IN 47978
  • Utilities Included

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Lindberg Lofts
$1,224 - $1,812
Total Monthly Price

Total Monthly Price

Base Rent
$1,224 - $1,812
Total Monthly Price
Varies
1 Bedroom Apartments Available Now

Lindberg Lofts

2081 Lindberg RdWest Lafayette, IN 47906
Student Housing
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  • Smoke Free

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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State Street Commons
$1,400 - $2,800
Total Monthly Price

Total Monthly Price

Base Rent
$1,400 - $2,800
Total Monthly Price
$1,400 - $2,800
2 Bedroom Apartments Available Aug 24

State Street Commons

120 Andrew PlWest Lafayette, IN 47906
Student Housing
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  • Utilities Included
  • 3D Tour

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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The Vintage
Studio Apartments

The Vintage

230 S Grant StWest Lafayette, IN 47906
Student Housing
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Bethel Townhomes
3 Bedroom Apartments

Bethel Townhomes

3552-3558 Bethel DrWest Lafayette, IN 47906
Student Housing
  • Utilities Included
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1155 Anthrop Dr
Studio to 2 Bedroom Apartments

1155 Anthrop Dr

1155 Anthrop DrWest Lafayette, IN 47906
Student Housing
  • Utilities Included
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409 S Maple St
2 Bedroom Apartments

409 S Maple St

409 S Maple StKouts, IN 46347
property at 224 S Main St

$795 - $1,200

Studio To 1 Bedroom Rentals

Available Now

224 S Main St

KoutsIN46347

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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Rensselaer, IN Local Guide

Cheapest Available Rensselaer Apartments for Rent and Nearby

 

The cheapest available apartment rental in Rensselaer, IN is a 1 Bed unit found at Southfork Apartments in the Discovery Park neighborhood priced from $499. Fairway Apartments in the Discovery Park neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $589. Here is today’s list of the most affordable Rensselaer apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Southfork Apartments1BR/1.0BA1BR,1BA$499
Fairway ApartmentsKingston | Text to Tour 765-735-3515. Priced pe...2BR,1BA$589
2712 bedroom/1 bath- rent by the room (female & ma...2BR,1BA$675
Launch2A2BR,2BA$719
Woods EdgeThe Boilermaker1BR,1BA$750
Crestview ApartmentsCrestview II2BR,1BA$800
Highland Apartments2 Bedroom B2BR,1BA$900
Madison Cottage of Rensselaer1x11BR,1BA$970
Chauncey Village1 Bedroom 1 Bath1BR,1BA$975
Wabash LoftsStudio CStudio,1BA$1,049

Best Value Apartments for Rent in Rensselaer, IN and Nearby

As of August 20, 2026 the best value apartment in the Rensselaer area is the $0.34 price per square foot 3 Bedroom x 3.5 Bathroom Townhouse Model at Lark West Lafayette Townhomes in the starting from $649. The second greatest value Rensselaer apartment is the 3 BEDROOM 3 BATH Model at The Cottages on Lindberg starting at $649 with a $0.51 price per square foot in the Discovery Park neighborhood. Here is today’s list of the best values for Rensselaer apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Lark West Lafayette Townhomes3 Bedroom x 3.5 Bathroom Townhouse3BR,3.5BA$0.34
The Cottages on Lindberg3 BEDROOM 3 BATH3BR,3BA$0.51
Station 21South Street Station2BR,2BA$0.86
Village West2x12BR,1BA$0.79
Highland Apartments2 Bedroom A2BR,1BA$0.92
Lodge on the TrailColorado-PREM2BR,2BA$0.73
Madison Cottage of Rensselaer1x11BR,1BA$1.14
The Oasis2026 FALL LEASING Luxury Upscale 2-bedroom, 2-b...2BR,2BA$0.98
Woods EdgeThe Boilermaker1BR,1BA$1.07
2712BR/1.0BA2BR,1BA$1.07

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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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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Best Local Schools in
Rensselaer, IN

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

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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 Crestview Apartments listed at $910.

How much is rent for a Cheap One Bedroom Rensselaer Apartment?

The lowest price for a Cheap One Bedroom Rensselaer Apartment is $499 at Southfork 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 $589 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 Woods Edge and starts from $950.

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

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.