Cheap Apartments for Rent near Russellville, IN from $400 (34 Rentals)

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

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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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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The Brakeman Apartments
Studio to 2 Bedroom Apartments

The Brakeman Apartments

230 S Lebanon StLebanon, IN 46052
Corporate Housing
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320 N Jefferson St
1 Bedroom Apartments

320 N Jefferson St

320 N Jefferson StBrownsburg, IN 46112
Corporate Housing
  • Utilities Included
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Washington Square
1 to 2 Bedroom Apartments

Washington Square

614 S Washington StCrawfordsville, IN 47933

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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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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Showing Results 1-34, Page 1 of 1

Russellville, IN Local Guide

Cheapest Available Russellville Apartments for Rent and Nearby

 

The cheapest available apartment rental in Russellville, IN is a 1 Bed unit found at Northwind priced from $650. Wabash Shore Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $699. Here is today’s list of the most affordable Russellville apartments for rent:

Apartment ListingModel NameBed/BathPriced From
NorthwindThe Hickory1BR,1BA$650
Wabash Shore Apartments1BR/1.0BA1BR,1BA$699
Ashton Apartments1BR/1.5BA1BR,1BA$800
Cloverdale Heights1 BR/ 1 BA (includes $30 water sewer trash)1BR,1BA$890
The Landings1 Bedroom1BR,1BA$900
Townhomes on Main3x2-50%3BR,2BA$927
451 Lebanon Apartments1D1BR,1BA$990
LaCabreah ApartmentsDover1BR,1BA$1,015
Ben Hur ApartmentsUnique 1 Bedroom1BR,1BA$1,085
Hunter Ridge Apartments2x1H R-Prem2BR,1BA$1,230

Best Value Apartments for Rent in Russellville, IN and Nearby

As of July 14, 2026 the best value apartment in the Russellville area is the $0.81 price per square foot 3x2-80% Model at Townhomes on Main in the starting from $1,205. The second greatest value Russellville apartment is the Forestwood Model at Redwood Danville starting at $1,699 with a $1.31 price per square foot in the Lizton Clayton neighborhood. Here is today’s list of the best values for Russellville apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Townhomes on Main3x2-80%3BR,2BA$0.81
Redwood DanvilleForestwood2BR,2BA$1.31
Saratoga Crossing Apartment HomesThe Princeton2BR,2BA$1.43
Settlers RunThe Ranch2BR,2BA$1.32
Melrose Place2x12BR,1BA$1.42
LaCabreah ApartmentsDover1BR,1BA$1.21
Ashton Apartments1BR/1.5BA1BR,1.5BA$0.97
The Landings1 Bedroom1BR,1BA$1.22
NorthwindThe Hickory1BR,1BA$1.22
Wabash Shore Apartments1BR/1.0BA1BR,1BA$1.40

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

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

Explore Russellville, IN Rentals by Map

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Frequently Asked Questions about Cheap Russellville Apartments

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

The lowest price for a Cheap One Bedroom Russellville Apartment is $650 at Northwind.

What is the lowest price for a Cheap Two Bedroom Russellville Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Russellville is starting from $1,000 at The Landings.

What is the most affordable Russellville Three Bedroom Apartment?

The best deal on a cheap Russellville Three Bedroom Apartment rental is at Townhomes on Main and starts from $927.

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

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.

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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.