Cheap Apartments for Rent in Smithville, IN from $600 (55 Rentals)

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

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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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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Acadia Court
Studio to 2 Bedroom Apartments

Acadia Court

2995 S Acadia CtBloomington, IN 47401
Corporate Housing
  • Utilities Included
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Cedargate
Studio to 2 Bedroom Apartments

Cedargate

3073 E Amy LnBloomington, IN 47408
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115 N Washington St
1 to 3 Bedroom Apartments

115 N Washington St

115 N Washington StBloomington, IN 47404
Student Housing

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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DunnPark Studios
Studio Apartments

DunnPark Studios

115 N Dunn StBloomington, IN 47408
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SummerHouse
1 to 3 Bedroom Apartments

SummerHouse

4501 E 3rd StBloomington, IN 47401
Student Housing
  • Utilities Included
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Beacon Hill
1 to 3 Bedroom Apartments

Beacon Hill

1660 W Bloomfield RdBloomington, IN 47403

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Smithville, IN Local Guide

Cheapest Available Smithville Apartments for Rent and Nearby

 

The cheapest available apartment rental in Smithville, IN is a 1 Bed unit found at Woodland Springs priced from $775. Basswood Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $825. Here is today’s list of the most affordable Smithville apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Woodland Springs1 Bedroom1BR,1BA$775
Basswood Apartments1 Bedroom 1 Bathroom1BR,1BA$825
College Square ApartmentsThe Walnut1BR,1BA$852
Kingston ManorEfficiencyStudio,1BA$875
Summit PointeWoodland1BR,1BA$875
The Uptown ApartmentsBennett1BR,1BA$905
The Crossing at Pete Ellis1 Bedroom1BR,1BA$950
The Annex of BloomingtonStudio WF-120Studio,1BA$980
Meadow Park ApartmentsThe Daisy1BR,1BA$1,025
323 S. Grant St.1BR/1.0BA1BR,1BA$1,039

Best Value Apartments for Rent in Smithville, IN and Nearby

As of June 14, 2026 the best value apartment in the Smithville area is the $1.42 price per square foot Lofton 2A - Sublease / Lease Release Model at Lofton in the in the Downtown Bloomington IN neighborhood starting from $1,350. The second greatest value Smithville apartment is the D2 - 2x2 Model at The Quarters Bloomington starting at $1,020 with a $1.15 price per square foot in the Downtown Bloomington IN neighborhood. Here is today’s list of the best values for Smithville apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
LoftonLofton 2A - Sublease / Lease Release2BR,2BA$1.42
The Quarters BloomingtonD2 - 2x22BR,2BA$1.15
Big Red Apartments2 Bedroom August 20262BR,1BA$1.38
The MonroeB22BR,2BA$1.15
Summit PointeThe Evergreen1BR,1BA$1.22
Woodland Springs1 Bedroom1BR,1BA$1.05
Forest RidgeMagnolia1BR,1BA$1.62
The Crossing at Pete Ellis1 Bedroom1BR,1BA$1.32
Basswood Apartments1 Bedroom 1 Bathroom1BR,1BA$1.28
522 E 3rd StStudioStudio ,1BA$1.50

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

Explore Smithville, IN Rentals by Map

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See the most popular apartments and homes in Smithville, IN

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Frequently Asked Questions about Cheap Smithville Apartments

What is the Cheapest Studio apartment in Smithville?

Currently the most affordable Cheap Studio Apartment in Smithville is at Kingston Manor listed at $875.

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

The lowest price for a Cheap One Bedroom Smithville Apartment is $775 at Woodland Springs.

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

Today's best deal for a Cheap Two Bedroom Apartment in Smithville is starting from $825 at Woodland Springs.

What is the most affordable Smithville Three Bedroom Apartment?

The best deal on a cheap Smithville Three Bedroom Apartment rental is at Woodland Springs and starts from $1,000.

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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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.

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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.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.