
Cheap Apartments for Rent in Rensselaer, IN from $400 (20 Rentals)
Search the lowest-cost Apartments available for rent right now in Rensselaer.


Willow Creek Villas

Launch
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

Viewpointe Apartment Homes

Chauncey Village

Candlelight Estates
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.

12435 Ripley Pl
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.

416 E Commercial Ave
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 | $1,510 | $750 | $1,985 |
| Rensselaer 1 Bedroom Apartments | $1,581 | $750 | $2,875 |
| Rensselaer 2 Bedroom Apartments | $1,733 | $498 | $3,454 |
| Rensselaer 3 Bedroom Apartments | $1,837 | $649 | $3,149 |
| Rensselaer 4 Bedroom Apartments | $1,522 | $799 | $3,400 |
Browse Top Apartments in Rensselaer
See all Apartments in RensselaerExplore Rensselaer
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 3 Beds unit found at Launch in the Discovery Park neighborhood priced from $649. Woods Edge has the second lowest priced unit, which is a 1 Bed apartment currently listed from $750. Here is today’s list of the most affordable Rensselaer apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Launch | 3A | 3BR,3BA | $649 |
| Woods Edge | The Boilermaker | 1BR,1BA | $750 |
| Fairway | Kingston | Text to Tour 765-735-3515. Independe... | 2BR,1BA | $760 |
| Shai Lynn | 1bd/1bth | 1BR,1BA | $825 |
| Madison Cottage of Rensselaer | 1x1 | 1BR,1BA | $879 |
Best Value Apartments for Rent in Rensselaer, IN and Nearby
As of December 17, 2025 the best value apartment in the Rensselaer area is the $1.28 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 $2,162. The second greatest value Rensselaer apartment is the 3 BD 1.5 BA Duplex Model at 52 Flats starting at $1,499 with a $1.15 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| West Heights Townhomes - West Lafayette | 3 BD/2 BA - POND VIEW | 3BR,2.5BA | $1.28 |
| 52 Flats | 3 BD 1.5 BA Duplex | 3BR,1.5BA | $1.15 |
| Lodge on the Trail | Nevada-PREM | 3BR,3BA | $0.72 |
| Fountain View Apartments | 2BR / 1BA | 2BR,1BA | $1.31 |
| The Oasis | 3BR/3.0BA | 3BR,3BA | $0.78 |
| Fairway | Fishers | Text to Tour 765-735-3515. Independen... | 2BR,2BA | $0.93 |
| Candlelight Estates | Leasing NOW - Brand new 2bd/2bth homes located ... | 2BR,2BA | $1.14 |
| Madison Cottage of Rensselaer | 1x1 | 1BR,1BA | $1.03 |
| Woods Edge | The Boilermaker | 1BR,1BA | $1.07 |
| Shai Lynn | 1bd/1bth | 1BR,1BA | $1.21 |
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 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.
Pet Friendly LifestyleRensselaer, IN
Ranked #68
Among cities in Indiana for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
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
Getting Around Rensselaer, IN
Walk Score®
19 / 100
Car-Dependent
Almost all errands require a car
Bike Score®
33 / 100
Somewhat Bikeable
Minimal bike infrastructure
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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 Launch listed at $1,009.
How much is rent for a Cheap One Bedroom Rensselaer Apartment?
The lowest price for a Cheap One Bedroom Rensselaer Apartment is $750 at Woods Edge.
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 $719 at Launch.
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

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.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.









