Cheap Apartments for Rent in Somerset, IN from $300 (48 Rentals)

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

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Brentwood Greene
1 to 2 Bedroom Apartments

Brentwood Greene

1534 Dodge StKokomo, IN 46902
Senior Living

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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Beckford Place
Studio to 2 Bedroom Apartments

Beckford Place

1315 N Beckford PlMarion, IN 46952
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2930 Albright
1 to 2 Bedroom Apartments

2930 Albright

2930 Albright RdKokomo, IN 46902
Corporate Housing
  • Utilities Included
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Lincolnwood Apartments
1 to 4 Bedroom Apartments

Lincolnwood Apartments

2101 Mark LnKokomo, IN 46902
  • Utilities Included
  • Smoke Free
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Holly Apartments
1 Bedroom Apartments

Holly Apartments

1826 S Goyer RdKokomo, IN 46902

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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Showing Results 1-48, Page 1 of 1

Somerset, IN Local Guide

Cheapest Available Somerset Apartments for Rent and Nearby

 

The cheapest available apartment rental in Somerset, IN is a 1 Bed unit found at Apperson Way Apartments priced from $398. Walnut Manor has the second lowest priced unit, which is a Studio apartment currently listed from $650. Here is today’s list of the most affordable Somerset apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Apperson Way Apartments1 Bedroom1BR,1BA$398
Walnut ManorSTUDIOStudio,1BA$650
Green Town ApartmentsOne Bd rm1BR,1BA$700
Turtle Creek KokomoSpringStudio,1BA$715
Somerset ApartmentsOne Bedroom1BR,1BA$722
Pechewa PlaceUpstairs 1 Bedroom1BR,1BA$729
Holly Apartments1bed/1bath Partially Renovated1BR,1BA$750
Kingston Green Apartments1 BEDROOM G1BR,1BA$800
First Flats1bd/1bath Partially Renovated1BR,1BA$800
Georgetown Apartments2BR/1.5BA2BR,1BA$800

Best Value Apartments for Rent in Somerset, IN and Nearby

As of August 08, 2026 the best value apartment in the Somerset area is the $1.17 price per square foot 3 Bedroom Townhomes Model at Apperson Way Apartments in the starting from $1,227. The second greatest value Somerset apartment is the 3 Bed 1 bath Model at Hilltop Ridge starting at $1,019 with a $1.01 price per square foot . Here is today’s list of the best values for Somerset apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Apperson Way Apartments3 Bedroom Townhomes3BR,2BA$1.17
Hilltop Ridge3 Bed 1 bath3BR,1BA$1.01
Welcome to Jefferson Crossing Townhomes3 bed 1.5 bath3BR,1.5BA$1.20
Timbernest Town Homes2 Bed, 1.5 Ba Partially Renovated2BR,1.5BA$1.25
Ashbury Apartments2 Bed 1st floor UPDATED2BR,1BA$1.10
Georgetown Apartments2BR/1.0BA2BR,1BA$1.09
Somerset ApartmentsOne Bedroom1BR,1BA$1.05
Carriage Place ApartmentsThe Edison1BR,1BA$1.20
Holly Apartments1bed/1bath Partially Renovated1BR,1BA$1.25
Pechewa PlaceUpstairs 1 Bedroom1BR,1BA$1.22

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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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 Somerset, IN Rentals by Map

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See the most popular apartments and homes in Somerset, IN

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Frequently Asked Questions about Cheap Somerset Apartments

What is the Cheapest Studio apartment in Somerset?

Currently the most affordable Cheap Studio Apartment in Somerset is at Walnut Manor listed at $650.

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

The lowest price for a Cheap One Bedroom Somerset Apartment is $398 at Apperson Way Apartments.

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

Today's best deal for a Cheap Two Bedroom Apartment in Somerset is starting from $479 at Apperson Way Apartments.

What is the most affordable Somerset Three Bedroom Apartment?

The best deal on a cheap Somerset Three Bedroom Apartment rental is at Apperson Way Apartments and starts from $551.

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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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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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.