
Cheap Homes for Rent in Saint Paul, IN from $500 (11 Rentals)
Search the lowest-cost Homes available for rent right now in Saint Paul.


392 W Broadway St

529 West Washington St

316 E Franklin St

227 W Pennsylvania St
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.

135 W Hendricks St

216 Progress Rd

106 W Broadway St

321 E Mechanic St

4881 300W
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.

647 W Franklin St
Saint Paul, IN Local Guide

How much does it cost to rent a home in Saint Paul?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Saint Paul 2 Bedroom Homes for Rent | $1,131 | $775 | $1,399 |
| Saint Paul 3 Bedroom Homes for Rent | $2,555 | $1,475 | $6,995 |
| Saint Paul 4 Bedroom Homes for Rent | $2,317 | $1,750 | $2,675 |
| Saint Paul 5 Bedroom Homes for Rent | $3,893 | $2,400 | $8,995 |
| Saint Paul 6 Bedroom Homes for Rent | $1,650 | $1,650 | $1,650 |
Browse Top Homes for Rent in Saint Paul
Explore Saint Paul
Saint Paul, IN Local Guide
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Cheapest Available Saint Paul Apartments for Rent and Nearby
 The cheapest available apartment rental in Saint Paul, IN is a Studio unit found at LINCOLN PARK APARTMENTS priced from $645. The Annex of Columbus has the second lowest priced unit, which is a 2 Beds apartment currently listed from $725. Here is today’s list of the most affordable Saint Paul apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| LINCOLN PARK APARTMENTS | Studio | Studio,1BA | $645 |
| The Annex of Columbus | 2 Bed 2 Bath | 2BR,2BA | $725 |
| Bloomfield Apartments | One Bedroom | 1BR,1BA | $805 |
| Applegate | Studio | Studio,1BA | $859 |
| Eight37 Lofts | 1D 50% | 1BR,1BA | $932 |
Best Value Apartments for Rent in Saint Paul, IN and Nearby
As of June 22, 2026 the best value apartment in the Saint Paul area is the $1.20 price per square foot L3 Model at The Links at Franklin in the in the Cityview Farm neighborhood starting from $1,937. The second greatest value Saint Paul apartment is the Peachtree Model at The Mill starting at $1,594 with a $1.25 price per square foot in the Downtown Shelbyville neighborhood. Here is today’s list of the best values for Saint Paul apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Links at Franklin | L3 | 3BR,2BA | $1.20 |
| The Mill | Peachtree | 3BR,2BA | $1.25 |
| Arbor at Water's Edge | 3BR Downstairs | 3BR,2BA | $1.20 |
| Townhomes at 28th | Three Bedroom One Bath | 3BR,1BA | $1.08 |
| Stonegate | Two Bedroom Two Bath | 2BR,2BA | $1.20 |
| Martin Estates Apartments | Two Bedroom One Bath | 2BR,1BA | $1.04 |
| Water Dance Apartments | 2BR/1BA | 2BR,1BA | $1.27 |
| LINCOLN PARK APARTMENTS | Studio | Studio ,1BA | $0.81 |
| The Annex of Columbus | 2 Bed 2 Bath | 2BR,2BA | $1.05 |
| Bloomfield Apartments | One Bedroom | 1BR,1BA | $1.25 |
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 ArticleReal 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.
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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
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Frequently Asked Questions about Saint Paul
What type of rentals are currently available in Saint Paul?
There are currently 50 Apartments for Rent in Saint Paul, IN with pricing that ranges from $479 to $2,398. There are also 41 Single Family Homes for rent, Condos, and Townhome rentals currently available in Saint Paul ranging from $525 to $8,995.
What is the current price range for Rental Homes in Saint Paul?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Saint Paul ranges from $525 to $8,995 with an average monthly rent of $2,067.
How much are larger Three and Four Bedroom Rentals in Saint Paul?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Saint Paul range from $1,270 to $2,398, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,475 to $6,995. Four Bedroom Single-Family rentals are also available starting from $1,750 and Four Bedroom Apartments start at $625.
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

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.

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.

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.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.