
Cheap Apartments for Rent in the Park Avenue Neighborhood of South Bend, IN from $300 (33 Rentals)
Search the lowest-cost Apartments available for rent right now in the Park Avenue area of South Bend.


Robertson's Senior Apartments

218 E Navarre St

533 Columbia St

Emerson Apartments

204 Pagin St

1510 Kinyon Street, Unit Unit 2, Unit Unit 2

422 Studebaker St
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.

906 N Adams St

Harter Heights Place

1425 Miami St

1428 Kessler Blvd

1126 Beale St

532 Blaine Ave

1308 Kinyon St

Hoffman Hotel Apartments
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.

New Heritage Homes

Historic Rushton Senior Apartments

Hillcrest Apartments

Washington Dunbar Homes

Northshore Apartments

2014 Lathrop St

Monroe Park Apartments

Village Terre
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.

1022 Woodward Ave

*Inactive* Legacy on Main

1614 Fremont St

502 N Arthur St

Landings at Notre Dame Family / Grad Housing

542 N Scott St

Elthan Place

717 Huey St
The Expert List: South Bend's 7 Most Livable and Affordable Neighborhoods
Discover affordable South Bend neighborhoods like Swanson Park and Wooded Estates. Find your ideal rental with easy access to parks, shops, and community events.

1106 Portage Ave
Park Avenue, South Bend, IN Local Guide

How much does it cost to rent an apartment in Park Avenue?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Park Avenue Studio Apartments | $1,287 | $725 | $1,750 |
| Park Avenue 1 Bedroom Apartments | $1,557 | $725 | $2,534 |
| Park Avenue 2 Bedroom Apartments | $2,001 | $725 | $3,352 |
| Park Avenue 3 Bedroom Apartments | $1,804 | $715 | $4,377 |
| Park Avenue 4 Bedroom Apartments | $1,428 | $949 | $2,600 |
Browse Apartments in this Neighborhood
There are currently 33 rentals with your search options within a 2 mile radius of the Park Avenue Neighborhood of South Bend, IN.
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Park Avenue, South Bend, IN Local Guide
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Cheapest Available Park Avenue Apartments for Rent
 The cheapest available apartment rental in the Park Avenue area of South Bend, IN is a 2 Beds unit found at Robertson's Senior Apartments priced from $750. *Inactive* Legacy on Main has the second lowest priced unit, which is a Studio apartment currently listed from $800. Here are the most affordable Park Avenue apartments for rent in South Bend, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Robertson's Senior Apartments | 2 Bedroom | 2BR,1BA | $750 |
| *Inactive* Legacy on Main | Studio | Studio,1BA | $800 |
| Emerson Apartments | 1 bed 1 bath 238 SF | 1BR,1BA | $850 |
| The Soma Lofts | The Incubator | Studio,1BA | $1,152 |
| The Lasalle Apartments | The Michiana | 1BR,1BA | $1,154 |
| Five Corners | Anderson | Studio,1BA | $1,180 |
| Riverside North Apartments | Niagra | 1BR,1BA | $1,195 |
| 300 East Apartments | 350 - 08 | Studio,1BA | $1,199 |
| Central High & Stephenson Mills Apartments | A1 | 1BR,1BA | $1,199 |
| Harter Heights Place | Commander | 1BR,1BA | $1,200 |
Best Value Apartments for Rent in Park Avenue, IN
As of April 27, 2026 the best value apartment in the Park Avenue area is the $1.42 price per square foot President Model at Studebaker Lofts in the in the Keller Park neighborhood starting from $2,244. The second greatest value Park Avenue apartment is the B6 Model at Stephenson Mills starting at $1,499 with a $1.37 price per square foot in the Keller Park neighborhood. Here is today’s list of the best values for Park Avenue apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Studebaker Lofts | President | 2BR,2BA | $1.42 |
| Stephenson Mills | B6 | 2BR,1BA | $1.37 |
| 1032 E Wayne St, Unit 323 S. Eddy - 2nd floor apartment | 1032 E Wayne St | 1BR,1BA | $1.38 |
| Robertson's Senior Apartments | 2 Bedroom | 2BR,1BA | $0.85 |
| The 87 | 2BR/2BA - B2 | 2BR,2BA | $1.56 |
| *Inactive* Legacy on Main | One Bedroom | 1BR,1BA | $1.19 |
| Irish Row | 2X2 | 2BR,2BA | $1.09 |
| Central High & Stephenson Mills Apartments | B | 2BR,1BA | $1.75 |
| Riverside North Apartments | Niagra | 1BR,1BA | $1.71 |
| Riverwalk Commons- Student Housing | Three Bedroom | 3BR,2BA | $0.96 |
Top Neighborhoods to Rent Near Major Colleges and Universities in South Bend, IN
Find your ideal affordable rental near the University of Notre Dame, St. Mary's College, and Ivy Tech in South Bend, IN. Explore top neighborhoods now.
Read Article10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
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Read ArticleDon't Settle: How to Negotiate Your Apartment Lease and Save Money
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Read ArticleQuick 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.
Pet Friendly LifestylePark Avenue, South Bend, IN
Ranked #13
Among cities in Indiana for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Lifestyle Ratings
ApartmentHomeLiving brings you comprehensive Lifestyle Ratings of neighborhoods, metropolitan areas, and rental properties across Indiana including Park Avenue, South Bend, and the greater South Bend area. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including filtering automatically for proximity to parks, luxury housing options, transit availability, pet-friendly communities, places that make kids happy, and much more. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!
Frequently Asked Questions about Cheap Park Avenue Apartments
What is a cheap apartment in Park Avenue?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Park Avenue is under $1,200.
What is the price of a cheap apartment in Park Avenue?
The cheapest apartment in Park Avenue is Emerson Apartments which is listed at $850, while the average apartment in Park Avenue costs $4,800.
What types of apartments are the cheapest in Park Avenue?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 121 regular apartments in Park Avenue that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Park Avenue?
Cheap apartments in Park Avenue have an average cost of $1,368 which is $3,432 cheaper than the average rent for all rentals in Park Avenue.
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

The Expert List: South Bends 7 Most Livable and Affordable Neighborhoods
Written by: Chad Deitchley
As your ApartmentHomeLiving.com Local Expert for South Bend, Indiana I am happy to help you find an affordable place to live in this surprisingly vibrant and extremely livable city.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.