Cheap Homes for Rent in Selma, IN from $500 (14 Rentals)

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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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Selma, IN Local Guide

Cheapest Available Selma Apartments for Rent and Nearby

 

The cheapest available apartment rental in Selma, IN is a 1 Bed unit found at Grand Avenue Commons priced from $376. Applegate in the Westacres neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $745. Here is today’s list of the most affordable Selma apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Grand Avenue Commons1 Bed, 1 bath1BR,1BA$376
ApplegateStudioStudio,1BA$745
Longfellow Plaza Affordable Senior CommunityStudioStudio,1BA$790
6301 W Kilgore Ave1 Bed, 1 Bath1BR,1BA$799
Forest Oaks Apartments1 Bed 1 Bath (Down)1BR,1BA$850

Best Value Apartments for Rent in Selma, IN and Nearby

As of August 14, 2025 the best value apartment in the Selma area is the $0.81 price per square foot 3 Beds, 2 baths Model at Golden Pebble Estates in the starting from $1,276. The second greatest value Selma apartment is the 2BD/2BA Furnished Premium Model at University Village starting at $809 with a $0.62 price per square foot in the Westacres neighborhood. Here is today’s list of the best values for Selma apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Golden Pebble Estates3 Beds, 2 baths3BR,2BA$0.81
University Village2BD/2BA Furnished Premium2BR,2BA$0.62
Delaware Acres3 Beds, 2 baths3BR,2BA$1.02
Aspen/Snowmass Townhomes2 Bed 1.5 Bath2BR,1.5BA$1.31
The Latitude2 Bed 2 Bath Apartment - Premium2BR,2BA$1.09
Silvertree CommunitiesSilvertree 2bd2BR,1BA$0.72
Canterbury Townhomes2x1.5 R2BR,1.5BA$1.27
Grand Avenue Commons1 Bed, 1 bath1BR,1BA$0.54
6301 W Kilgore Ave1 Bed, 1 Bath1BR,1BA$1.18
Forest Oaks Apartments1 Bed 1 Bath (Down)1BR,1BA$1.27

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Frequently Asked Questions about Selma

What type of rentals are currently available in Selma?

There are currently 47 Apartments for Rent in Selma, IN with pricing that ranges from $350 to $2,515. There are also 32 Single Family Homes for rent, Condos, and Townhome rentals currently available in Selma ranging from $595 to $2,059.

What is the current price range for Rental Homes in Selma?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Selma ranges from $595 to $2,059 with an average monthly rent of $1,283.

How much are larger Three and Four Bedroom Rentals in Selma?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Selma range from $350 to $2,515, while Three Bedroom Homes, Condos, and Townhomes for rent range from $795 to $1,600. Four Bedroom Single-Family rentals are also available starting from $1,455 and Four Bedroom Apartments start at $350.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.