Cheap Apartments for Rent in Rensselaer, IN from $400 (60 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

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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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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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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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.

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State Street Commons
Rent Specials
$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 Soon

State Street Commons

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

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.

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Stratford II
Studio to 4 Bedroom Apartments

Stratford II

305 N Salisbury StWest Lafayette, IN 47906
Student Housing
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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

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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Rensselaer, IN Local Guide

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 $659. McCormick Manor in the Discovery Park neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $745. Here is today’s list of the most affordable Rensselaer apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Launch3B3BR,3BA$659
McCormick Manor2 Bedroom 2 Bath *per Bed Price2BR,2BA$745
Woods EdgeThe Boilermaker1BR,1BA$750
Viewpointe Apartment HomesA-StudioStudio,1BA$938
Madison Cottage of Rensselaer1x11BR,1BA$970
Crestview ApartmentsCrestview IV - Furnished1BR,1BA$995
University Crossing2x1 R2BR,1BA$1,075
2100 N Main St1 Bed 1 Bath1BR,1BA$1,125
Salem Courthouse1.11BR,1BA$1,205
Lindberg Lofts1 Bedroom 1 Bath1BR,1BA$1,224

Best Value Apartments for Rent in Rensselaer, IN and Nearby

As of July 06, 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 4BD/4BA - D2 Model at VERVE West Lafayette starting at $1,459 with a $1.20 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
VERVE West Lafayette4BD/4BA - D24BR,4BA$1.20
Lodge on the TrailNevada-PREM3BR,3BA$0.52
The Cottages on Lindberg2 BEDROOM 2.5 BATH2BR,2.5BA$0.77
McCormick Manor2 Bedroom 2 Bath *per Bed Price2BR,2BA$0.66
Fairway ApartmentsEARLY MOVE IN AVAILABLE- Turnberry | Text to To...2BR,2BA$0.78
Wabash Lofts2x22BR,2BA$0.88
Madison Cottage of Rensselaer1x11BR,1BA$1.14
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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Quick 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.

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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 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 $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 $659.

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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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.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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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.

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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.