Cheap Apartments for Rent in the Rum Village Neighborhood of South Bend, IN from $300 (14 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Rum Village area of South Bend.

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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New Heritage Homes
2 to 3 Bedroom Apartments

New Heritage Homes

505 E Broadway StSouth Bend, IN 46601
  • Utilities Included
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Elthan Place
3 Bedroom Apartments

Elthan Place

132 S Scott StSouth Bend, IN 46601
  • Utilities Included

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Cheapest Available Rum Village Apartments for Rent

 

The cheapest available apartment rental in the Rum Village area of South Bend, IN is a 2 Beds unit found at Robertson's Senior Apartments priced from $750. The Soma Lofts has the second lowest priced unit, which is a Studio apartment currently listed from $1,152. Here are the most affordable Rum Village apartments for rent in South Bend, IN:

Apartment ListingModel NameBed/BathPriced From
Robertson's Senior Apartments2 Bedroom2BR,1BA$750
The Soma LoftsThe IncubatorStudio,1BA$1,152
The Lasalle ApartmentsThe Michiana1BR,1BA$1,154
Central High & Stephenson Mills ApartmentsA11BR,1BA$1,199
300 East Apartments350 - 08Studio,1BA$1,199

Best Value Apartments for Rent in Rum Village, IN

As of April 29, 2026 the best value apartment in the Rum Village area is the $1.08 price per square foot 1912 Miami St Model at 1912 Miami St, Unit 1910 in the in the Bercliff Estates neighborhood starting from $1,400. The second greatest value Rum Village apartment is the 1032 E Wayne St Model at 1032 E Wayne St, Unit 323 S. Eddy - 2nd floor apartment starting at $1,350 with a $1.38 price per square foot in the Bercliff Estates neighborhood. Here is today’s list of the best values for Rum Village apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
1912 Miami St, Unit 19101912 Miami St3BR,1.5BA$1.08
1032 E Wayne St, Unit 323 S. Eddy - 2nd floor apartment1032 E Wayne St1BR,1BA$1.38
Robertson's Senior Apartments2 Bedroom2BR,1BA$0.85
Central High & Stephenson Mills ApartmentsB2BR,1BA$1.75
The Square2 Bedroom 1 Bathroom2BR,1BA$1.33
300 East Apartments350 - 181BR,1BA$2.44
The Lasalle ApartmentsThe Chocolatier1BR,1BA$3.11
Pointe at Saint Joseph Apartment HomesOne Bedroom- 700 sqft1BR,1BA$2.01
The Soma LoftsThe IncubatorStudio ,1BA$2.37

Frequently Asked Questions about Cheap Rum Village Apartments

What is a cheap apartment in Rum Village?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Rum Village is under $1,405.

What is the price of a cheap apartment in Rum Village?

The cheapest apartment in Rum Village is The Lasalle Apartments which is listed at $1,154, while the average apartment in Rum Village costs $2,649.

What types of apartments are the cheapest in Rum Village?

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 27 regular apartments in Rum Village 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 Rum Village?

Cheap apartments in Rum Village have an average cost of $1,107 which is $1,542 cheaper than the average rent for all rentals in Rum Village.

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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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.

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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.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.

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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.