Cheap Apartments for Rent near Topeka, IN from $605 (53 Rentals)

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

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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Atz Place
1 to 2 Bedroom Apartments

Atz Place

301 E Wayne StKendallville, IN 46755
Senior Living
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The Watershed
Studio to 2 Bedroom Apartments

The Watershed

110 W Chicago RdSturgis, MI 49091
property at 110 N Union Dr
$915 - $985
1 To 2 Bedroom Rentals
Available Now

110 N Union Dr

Winona LakeIN46590

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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The 2525
1 to 4 Bedroom Apartments

The 2525

2525 Durbin StWarsaw, IN 46580
  • Utilities Included
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Aspen Meadows
1 to 3 Bedroom Apartments

Aspen Meadows

1227 Briarwood BlvdGoshen, IN 46526
  • Utilities Included
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121-123 S Main St
2 Bedroom Apartments

121-123 S Main St

121 S Main StElkhart, IN 46516
  • 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 1-50, Page 1 of 2

Topeka, IN Local Guide

Cheapest Available Topeka Apartments for Rent and Nearby

 

The cheapest available apartment rental in Topeka, IN is a 2 Beds unit found at Drake Terrace III priced from $741. Farmington Hills in the Impact neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $870. Here is today’s list of the most affordable Topeka apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Drake Terrace III2 Bedroom2BR,1BA$741
Farmington Hills1B1BR,1BA$870
Autumn Hills II Apartments1 Bedroom2BR,1BA$875
Old Farm ApartmentsOne Bedroom1BR,1BA$882
Forest Glen Apartments1 Bed1BR,1BA$895
Deerfield VillageOne Bedroom1BR,1BA$945
The Retreat Apartment Homes1 bd1BR,1BA$972
Pine Valley PlaceOne Bedroom1BR,1BA$984
GOLFVIEWTwo Bedroom2BR,2BA$985
Nelson Estates Apartments2Bed_1Bath2BR,1BA$999

Best Value Apartments for Rent in Topeka, IN and Nearby

As of September 11, 2026 the best value apartment in the Topeka area is the $1.03 price per square foot Style G Model at Avalon Woods Apartment Homes in the in the East Jackson neighborhood starting from $1,070. The second greatest value Topeka apartment is the 2 bed 2 bath 1000 sq ft Model at GREENLEAF starting at $1,175 with a $1.18 price per square foot in the East Jackson neighborhood. Here is today’s list of the best values for Topeka apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Avalon Woods Apartment HomesStyle G2BR,1.5BA$1.03
GREENLEAF2 bed 2 bath 1000 sq ft2BR,2BA$1.18
Stoughton Estates ApartmentsTwo Bedroom2BR,1BA$1.35
Simonson Estates ApartmentsTwo Bedroom One Bathroom2BR,1BA$1.08
Nelson Estates Apartments2Bed_1Bath2BR,1BA$1.04
Kuder EstatesTwo Bedroom One Bathroom2BR,1BA$1.07
Westgate Manor Apartments2 Bedroom2BR,1BA$1.32
Forest Glen Apartments2 BDR2BR,1BA$1.35
Drake Terrace III2 Bedroom2BR,1BA$0.99
The Retreat Apartment Homes1 bd1BR,1BA$1.37

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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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 Topeka, IN Rentals by Map

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See the most popular apartments and homes in Topeka, IN

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Frequently Asked Questions about Cheap Topeka Apartments

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

The lowest price for a Cheap One Bedroom Topeka Apartment is $870 at Farmington Hills.

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

Today's best deal for a Cheap Two Bedroom Apartment in Topeka is starting from $741 at Drake Terrace III.

What is the most affordable Topeka Three Bedroom Apartment?

The best deal on a cheap Topeka Three Bedroom Apartment rental is at Forest Glen Apartments and starts from $1,165.

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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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.