Cheap Homes for Rent in Somerset, IN from $500 (11 Rentals)

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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.

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.

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 MAPLE CREST priced from $643. Pechewa Place has the second lowest priced unit, which is a 1 Bed apartment currently listed from $649. Here is today’s list of the most affordable Somerset apartments for rent:

Apartment ListingModel NameBed/BathPriced From
MAPLE CRESTStudio1BR,1BA$643
Pechewa PlaceUpstairs 1 Bedroom1BR,1BA$649
Brentwood Greene2 Bedroom Unit2BR,1BA$675
BECKFORD PLACE APARTMENTSApartment 1bd1BR,1BA$675
Turtle Creek KokomoSpringStudio,1BA$685

Best Value Apartments for Rent in Somerset, IN and Nearby

As of October 13, 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 3 Bed 2 Bath Model at Union at Washington starting at $1,017 with a $0.88 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
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
Carriage Place ApartmentsThe Lincoln - Renovated2BR,1BA$1.13
PARK FOREST APARTMENTS2BR/1.0BA2BR,1BA$1.03
Georgetown Apartments2BR/1.5BA2BR,1.5BA$1.05
Somerset ApartmentsOne Bedroom1BR,1BA$0.98
MILLSTONE APARTMENTS1 bedroom1BR,1BA$1.12
SOMERSET VILLAGE APARTMENTS1 bed small1BR,1BA$1.13

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

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Frequently Asked Questions about Somerset

What type of rentals are currently available in Somerset?

There are currently 44 Apartments for Rent in Somerset, IN with pricing that ranges from $525 to $2,200. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Somerset ranging from $550 to $2,350.

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

Today's rental pricing for Homes for Rent, Condos and Townhomes in Somerset ranges from $550 to $2,350 with an average monthly rent of $985.

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

For those who are looking for larger living arrangements, Three Bedroom Apartments in Somerset range from $825 to $1,545, while Three Bedroom Homes, Condos, and Townhomes for rent range from $550 to $2,350. Four Bedroom Single-Family rentals are also available starting from $1,230 and Four Bedroom Apartments start at $560.

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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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.

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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.