Cheap Apartments for Rent in Somerset, IN from $500 (45 Rentals)

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

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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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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2930 Albright
1 to 2 Bedroom Apartments

2930 Albright

2930 Albright RdKokomo, IN 46902
  • Utilities Included
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Brentwood Greene
1 to 2 Bedroom Apartments

Brentwood Greene

1534 Dodge StKokomo, IN 46902
Senior Living
  • Utilities Included

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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Holly Apartments
1 Bedroom Apartments

Holly Apartments

1826 S Goyer RdKokomo, IN 46902
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JEFFERSON CROSSING
2 to 3 Bedroom Apartments

JEFFERSON CROSSING

800 N Dixon RdKokomo, IN 46901
  • Utilities Included
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Indigo
1 Bedroom Apartments

Indigo

532 W Mulberry StKokomo, IN 46901

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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Showing Results 1-45, 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 Pechewa Place priced from $599. The Annex of Kokomo has the second lowest priced unit, which is a 3 Beds apartment currently listed from $667. Here is today’s list of the most affordable Somerset apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Pechewa PlaceUpstairs 1 Bedroom1BR,1BA$599
The Annex of Kokomo3 bed 3 Bath3BR,3BA$667
Green Town ApartmentsOne Bd rm1BR,1BA$675
BUTLER AVENUE APARTMENTS1BR/1.0BA1BR,1BA$675
Turtle Creek KokomoSpringStudio,1BA$685
SOMERSET VILLAGE APARTMENTS1 bed small1BR,1BA$690
Lincolnwood Apartments1BR/1BA1BR,1BA$700
Brentwood Greene1 Bedroom Unit1BR,1BA$723
Kingston Green Apartments1BR/1BA1BR,1BA$750
The Macy ApartmentsStudio Unfurnished/FurnishedStudio,1BA$750

Best Value Apartments for Rent in Somerset, IN and Nearby

As of October 26, 2025 the best value apartment in the Somerset area is the $0.84 price per square foot 3 bedroom Model at Granton Place Apartments in the starting from $1,125. The second greatest value Somerset apartment is the Two Bedroom Model at Somerset Apartments starting at $840 with a $0.68 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.
Granton Place Apartments3 bedroom3BR,1.5BA$0.84
Somerset ApartmentsTwo Bedroom2BR,1.5BA$0.68
Union at Washington3 Bed 2 Bath3BR,2BA$0.88
Thomas Jefferson Park2 Bedroom2BR,1.5BA$0.77
55+ Historic Gallatin Square SeniorTwo Bedroom2BR,1BA$1.06
PARK FOREST APARTMENTS2BR/1.0BA2BR,1BA$1.03
Georgetown Apartments2BR/1.5BA2BR,1.5BA$1.05
The Annex of Kokomo2 Bed 2 Bath2BR,2BA$0.84
Pechewa PlaceUpstairs 2 Bedroom2BR,1BA$1.00
MILLSTONE APARTMENTS1 bedroom1BR,1BA$1.12

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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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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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 Somerset, IN Rentals by Map

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See the most popular apartments and homes in Somerset, IN

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Getting Around Somerset, IN

Walk Score®

6 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

18 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

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 Turtle Creek Kokomo listed at $685.

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

The lowest price for a Cheap One Bedroom Somerset Apartment is $599 at Pechewa Place.

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 $699 at Pechewa Place.

What is the most affordable Somerset Three Bedroom Apartment?

The best deal on a cheap Somerset Three Bedroom Apartment rental is at The Annex of Kokomo and starts from $667.

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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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.