Cheap Apartments for Rent near Trafalgar, IN from $600 (49 Rentals)

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

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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Summit Pointe
$1,265 - $1,730
Total Monthly Price

Total Monthly Price

Base Rent
$1,265 - $1,730
Total Monthly Price
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1 to 3 Bedroom Apartments Available Now

Summit Pointe

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

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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Grove Crossing
$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
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Clearview
Studio to 2 Bedroom Apartments

Clearview

715 Clearview DrGreenwood, IN 46143

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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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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Brixin Franklin
2 to 4 Bedroom Apartments

Brixin Franklin

1600 Traditions CtFranklin, IN 46131
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The Row Apartments
2 to 3 Bedroom Apartments

The Row Apartments

57 Schoolhouse RdFranklin, IN 46131

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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Honey Creek
2 to 3 Bedroom Apartments

Honey Creek

1786 Honey LnGreenwood, IN 46143
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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. Clearview in the Tracy Commons neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $780. Here is today’s list of the most affordable Trafalgar apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Waterbury ApartmentsStudioStudio,1BA$775
ClearviewThe BristolStudio,1BA$780
Courts of Valle Vista1Bed/1Ba-Up (A)1BR,1BA$924
The Fairways at Valle VistaWedge1BR,1BA$939
Auburn Place1 Bedroom 1 Bath1BR,1BA$972
St. Andrews1Bd/1Ba Superior 2 Shwr1BR,1BA$980
Polo Run ApartmentsThe Thoroughbred 2 BR 1 BA2BR,1BA$981
Beechmill ApartmentsBeech1BR,1BA$985
Waterford Place ApartmentsThe Limerick1BR,1BA$995
Yorktowne Farms Community1 Bed 1 Bath1BR,1BA$1,000

Best Value Apartments for Rent in Trafalgar, IN and Nearby

As of August 05, 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 2 Bedroom 1.5 Bath Townhome Model at Mansfield Village Townhomes starting at $1,699 with a $1.27 price per square foot in the Winchester Village 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
Mansfield Village Townhomes2 Bedroom 1.5 Bath Townhome2BR,1.5BA$1.27
Berkley CommonsThree Bedroom 1.5 Bath TH3BR,1BA$0.92
Founders Pointe ApartmentsHamilton2BR,2BA$1.35
Devonshire ApartmentsThe Wellington Renovated2BR,2BA$1.37
Oak ParkB2 Timber Upgrade2BR,1BA$1.21
Copper Chase at Stones CrossingBismuth1BR,1BA$1.37
Brixin FranklinC1r2BR,2BA$1.38
Westminster Apartments and TownhomesRochester2BR,2BA$1.30
St. Andrews1Bd/1Ba Superior Tub1BR,1BA$1.35

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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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.

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Best Local Schools in
Trafalgar, IN

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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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 $924 at Courts of Valle Vista.

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 $981 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 Berkley Commons and starts from $1,149.

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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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.

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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.