Cheap Apartments for Rent in Sheridan, IN from $400 (47 Rentals)

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

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Blackhawk Commons
1 to 3 Bedroom Apartments

Blackhawk Commons

503 E 4th StSheridan, IN 46069
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Spicewood Gardens
2 Bedroom Apartments

Spicewood Gardens

901 Basil LnSheridan, IN 46069
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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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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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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Sheridan, IN Local Guide

Cheapest Available Sheridan Apartments for Rent and Nearby

 

The cheapest available apartment rental in Sheridan, IN is a 2 Beds unit found at Pebble Village Townhomes in the Pebble Brook neighborhood priced from $492. Blackhawk Commons in the Cicero Arcadia neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $670. Here is today’s list of the most affordable Sheridan apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Pebble Village Townhomes2 Bedroom2BR,1BA$492
Blackhawk CommonsTwo Bedroom2BR,1BA$670
Grissom Estates ApartmentsTwo Bedroom2BR,1BA$999
Main Street on the MononWalnut 1.11BR,1BA$1,144
Promenade ApartmentsThe Capri1BR,1BA$1,186
Carmel Landing Apartment Homes1-Garden1BR,1BA$1,207
The Gallery ApartmentsDaVinci1BR,1BA$1,249
Lions CreekTwo Bedroom One Bathroom2BR,1BA$1,259
Pebble Brook VillagePebble Beach1BR,1BA$1,264
Carmel WoodsThe Palms2BR,1BA$1,280

Best Value Apartments for Rent in Sheridan, IN and Nearby

As of April 21, 2026 the best value apartment in the Sheridan area is the $1.35 price per square foot Trenton Model at Casey Corner Townhomes in the in the Countryside/Richter`s Corner neighborhood starting from $2,300. The second greatest value Sheridan apartment is the Tallmadge TH Model at Prairie Chase starting at $2,359 with a $1.42 price per square foot in the Lebanon Whitestown neighborhood. Here is today’s list of the best values for Sheridan apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Casey Corner TownhomesTrenton3BR,2.5BA$1.35
Prairie ChaseTallmadge TH3BR,2.5BA$1.42
Jackson Run TownhomesBarton 3 Bed3BR,2.5BA$1.46
Redwood Westfield Myra WayForestwood2BR,2BA$1.45
Redwood Westfield Hamilton WayRosewood2BR,2BA$1.39
Promenade ApartmentsThe Brighton2BR,2BA$1.58
Grissom Estates ApartmentsTwo Bedroom2BR,1BA$1.04
Pebble Village Townhomes2 Bedroom2BR,1BA$0.51
Cottages at Sanders Glen7177A11BR,1BA$1.58
Carmel WoodsThe Willows2BR,2BA$1.54

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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The 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.

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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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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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Frequently Asked Questions about Cheap Sheridan Apartments

What is the Cheapest Studio apartment in Sheridan?

Currently the most affordable Cheap Studio Apartment in Sheridan is at Main Street on the Monon listed at $1,199.

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

The lowest price for a Cheap One Bedroom Sheridan Apartment is $1,144 at Main Street on the Monon.

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

Today's best deal for a Cheap Two Bedroom Apartment in Sheridan is starting from $492 at Pebble Village Townhomes.

What is the most affordable Sheridan Three Bedroom Apartment?

The best deal on a cheap Sheridan Three Bedroom Apartment rental is at Pebble Village Townhomes and starts from $569.

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 What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.