Cheap Apartments for Rent near Somerville, IN from $500 (40 Rentals)

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

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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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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Shannon Glenn
Studio to 3 Bedroom Apartments

Shannon Glenn

280 Shamrock CtEvansville, IN 47715
  • Utilities Included
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SPRING VALLEY FLATS
1 to 2 Bedroom Apartments

SPRING VALLEY FLATS

4400 Spring Valley RdEvansville, IN 47710
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Fairmont Apartments
Studio to 2 Bedroom Apartments

Fairmont Apartments

4982-4984 Tippecanoe DrEvansville, IN 47715
  • Utilities Included
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1900 N Willow Rd
1 to 3 Bedroom Apartments

1900 N Willow Rd

1900 N Willow RdEvansville, IN 47711
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Princeton Court
Studio to 2 Bedroom Apartments

Princeton Court

103 Princeton CtEvansville, IN 47715
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Eastland Apartments
1 to 2 Bedroom Apartments

Eastland Apartments

5308 Eden DrEvansville, IN 47715
  • Utilities Included

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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Naveen Pine Townhomes
1 to 4 Bedroom Apartments

Naveen Pine Townhomes

1210 Vista CtEvansville, IN 47710
  • Utilities Included

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 1-40, Page 1 of 1

Somerville, IN Local Guide

Cheapest Available Somerville Apartments for Rent and Nearby

 

The cheapest available apartment rental in Somerville, IN is a 1 Bed unit found at SPRING VALLEY FLATS in the Oakhill neighborhood priced from $599. Valoré at Hidden Hills in the Outer Central North neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $675. Here is today’s list of the most affordable Somerville apartments for rent:

Apartment ListingModel NameBed/BathPriced From
SPRING VALLEY FLATSThe Redbud1BR,1BA$599
Valoré at Hidden HillsThe Dogwood - One Bedroom Apartment Home1BR,1BA$675
Devonshire Gardens I & IIII 1 Bed 1 Bath A1BR,1BA$695
Shannon GlennMcConnell2BR,1BA$710
Bradford Pointe ApartmentsINBFP 2x1 675sqft - Classic2BR,1BA$725
The Timbers ApartmentsThe Oak 1 BR 1 BA1BR,1BA$796
Woodbridge Place Apartments1x1-R-7001BR,1BA$849
Pavilion Lakes ApartmentsThe Michigan1BR,1BA$850
River ClubColumbia1BR,1BA$899
Terra Trace Apartments2x1-9362BR,1BA$949

Best Value Apartments for Rent in Somerville, IN and Nearby

As of July 23, 2026 the best value apartment in the Somerville area is the $1.07 price per square foot Prime Living at Its Finest: Luxurious Stand-Alo... Model at Circle Point Villas in the in the Gibson County neighborhood starting from $1,650. The second greatest value Somerville apartment is the 3BR/2.0BA Model at Apartments@41 starting at $1,600 with a $1.15 price per square foot in the Business 41 neighborhood. Here is today’s list of the best values for Somerville apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Circle Point VillasPrime Living at Its Finest: Luxurious Stand-Alo...3BR,2BA$1.07
Apartments@413BR/2.0BA3BR,2BA$1.15
Kimber Green ApartmentsThe Willow Townhome2BR,1.5BA$1.10
Baldwin Heights2 Bedroom2BR,1BA$1.13
Pavilion Lakes ApartmentsThe Monroe2BR,1.5BA$1.25
The Westcott2 Bed, 2 Bath2BR,2BA$1.17
Vail Estates ApartmentsTwo Bedroom One Bathroom2BR,1BA$1.10
North ParkBerkshire2BR,1.5BA$1.05
Terra Trace Apartments2x1.5-Q-9362BR,1.5BA$1.23
Bradford Pointe ApartmentsINBFP 2x1 675sqft - Deluxe2BR,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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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 Somerville, IN Rentals by Map

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See the most popular apartments and homes in Somerville, IN

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Frequently Asked Questions about Cheap Somerville Apartments

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

The lowest price for a Cheap One Bedroom Somerville Apartment is $599 at SPRING VALLEY FLATS.

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

Today's best deal for a Cheap Two Bedroom Apartment in Somerville is starting from $710 at Shannon Glenn.

What is the most affordable Somerville Three Bedroom Apartment?

The best deal on a cheap Somerville Three Bedroom Apartment rental is at The Westcott and starts from $1,499.

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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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.

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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.