Cheap Apartments for Rent in Trafalgar, IN from $600 (54 Rentals)

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

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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Summit Pointe
$1,145 - $2,343
Total Monthly Price

Total Monthly Price

Base Rent
$1,145 - $2,343
Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

Summit Pointe

2400 E Main StGreenwood, IN 46143
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour

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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Grove Crossing
Rent Specials
$1,345 - $1,675
Total Monthly Price

Total Monthly Price

Base Rent
$1,345 - $1,675
Total Monthly Price
$1,345 - $1,675
1 to 2 Bedroom Apartments Available Now

Grove Crossing

1680 Grove Crossing BlvdGreenwood, IN 46143
Senior Living
  • Verified
  • Customer Reviewed
  • Utilities Included

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Clearview
Studio to 2 Bedroom Apartments

Clearview

715 Clearview DrGreenwood, IN 46143

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.

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Stonehedge Apartments
1 to 2 Bedroom Apartments

Stonehedge Apartments

1563 Stonehedge CtGreenwood, IN 46142
Corporate Housing
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301 W Adams St
2 Bedroom Apartments

301 W Adams St

301 W Adams StFranklin, IN 46131
Student Housing
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Emerald Lakes
1 to 2 Bedroom Apartments

Emerald Lakes

1180 Emerald Lakes DrGreenwood, IN 46143
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The Row Apartments
2 to 3 Bedroom Apartments

The Row Apartments

57 Schoolhouse RdFranklin, IN 46131
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Honey Creek
2 to 3 Bedroom Apartments

Honey Creek

1786 Honey LnGreenwood, IN 46143

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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Trafalgar, IN Local Guide

Cheapest Available Trafalgar Apartments for Rent and Nearby

 

The cheapest available apartment rental in Trafalgar, IN is a Studio unit found at Waterbury Apartments in the Tracy Commons neighborhood priced from $775. Polo Run Apartments in the Winchester Village neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $839. Here is today’s list of the most affordable Trafalgar apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Waterbury ApartmentsStudioStudio,1BA$775
Polo Run ApartmentsThe Morgan 1 BR 1 BA1BR,1BA$839
The Fairways at Valle VistaBirdie1BR,1BA$899
Yorktowne Farms Community1 Bed 1 Bath1BR,1BA$975
Beechmill ApartmentsBeech1BR,1BA$985
ClearviewThe Hampton1BR,1BA$995
Waterford Place ApartmentsThe Limerick1BR,1BA$995
St. Andrews1Bd/1Ba Superior Tub1BR,1BA$1,040
Courts of Valle Vista2Bed/1Ba-Up (E)2BR,1BA$1,079
Stonehedge ApartmentsThe Terra1BR,1BA$1,089

Best Value Apartments for Rent in Trafalgar, IN and Nearby

As of June 20, 2026 the best value apartment in the Trafalgar area is the $1.20 price per square foot L3 Model at The Links at Franklin in the in the Cityview Farm neighborhood starting from $1,937. The second greatest value Trafalgar apartment is the Platinum Model at Copper Chase at Stones Crossing starting at $1,953 with a $1.36 price per square foot in the Barton Lakes neighborhood. Here is today’s list of the best values for Trafalgar apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Links at FranklinL33BR,2BA$1.20
Copper Chase at Stones CrossingPlatinum3BR,2BA$1.36
Mansfield Village Townhomes2 Bedroom 1.5 Bath Townhome2BR,1.5BA$1.40
Hartshire Lakes ApartmentsHawthorn3BR,2BA$1.28
Park Madison ApartmentsGarden Style 2 Bedroom/2 Bath Apartments2BR,2BA$1.09
Pinebrook Apartments2x22BR,2BA$1.39
Auburn Place2 Bedroom 1.5 Bath2BR,1.5BA$1.26
Oak ParkA1 Forest Upgrade1BR,1BA$1.17
Honey CreekHive Renovated2BR,2BA$1.42
Summit PointeThe Columbus1BR,1BA$1.38

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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Trafalgar, IN

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Remember the 3 Rules of Real Estate:
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Frequently Asked Questions about Cheap Trafalgar Apartments

What is the Cheapest Studio apartment in Trafalgar?

Currently the most affordable Cheap Studio Apartment in Trafalgar is at Waterbury Apartments listed at $775.

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

The lowest price for a Cheap One Bedroom Trafalgar Apartment is $725 at Berkley Commons.

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

Today's best deal for a Cheap Two Bedroom Apartment in Trafalgar is starting from $891 at Polo Run Apartments.

What is the most affordable Trafalgar Three Bedroom Apartment?

The best deal on a cheap Trafalgar Three Bedroom Apartment rental is at Yorktowne Farms Community and starts from $1,375.

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

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention article

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.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

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.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.