Cheap Apartments for Rent in Underwood, IN from $400 (12 Rentals)

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

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Underwood, IN Local Guide

Cheapest Available Underwood Apartments for Rent and Nearby

 

The cheapest available apartment rental in Underwood, IN is a 1 Bed unit found at Yellowwood Terrace Affordable Senior Housing in the Southern Indiana neighborhood priced from $200. Stonebrook of Scottsburg has the second lowest priced unit, which is a 1 Bed apartment currently listed from $750. Here is today’s list of the most affordable Underwood apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Yellowwood Terrace Affordable Senior HousingStandard1BR,1BA$200
Stonebrook of ScottsburgA11BR,1BA$750
Water's EdgeOne Bedroom Reservation List1BR,1BA$771
281 E Main StOne Bed, One Bath1BR,1BA$775
Clarksville Lofts1 br small1BR,1BA$910

Best Value Apartments for Rent in Underwood, IN and Nearby

As of October 27, 2025 the best value apartment in the Underwood area is the $1.10 price per square foot The Sequoia Model at Forest Edge Apartments in the in the Outer Southern Indiana Clark County neighborhood starting from $1,370. The second greatest value Underwood apartment is the Two Bed Model at Plum Ridge Apartments starting at $1,150 with a $1.01 price per square foot in the Southern Indiana neighborhood. Here is today’s list of the best values for Underwood apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Forest Edge ApartmentsThe Sequoia2BR,2BA$1.10
Plum Ridge ApartmentsTwo Bed2BR,2BA$1.01
Rivers Edge Residences2 Beds, 2 baths2BR,2BA$1.10
Carrington Place Apartments2 BEDROOM 1 BATHROOM2BR,1BA$1.10
Plaza Square Apartments2x12BR,1BA$1.00
Holmans Crossing Apartments2Bedroom/2Bathroom 986 sqft (1st or 2nd floor)2BR,2BA$1.01
Renaissance Park ApartmentsNew Construction Two Bedroom Two Bathroom2BR,2BA$1.18
281 E Main StOne Bed, One Bath1BR,1BA$0.97
Water's EdgeOne Bedroom Reservation List1BR,1BA$1.10
Yellowwood Terrace Affordable Senior HousingStandard1BR,1BA$0.34

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Pet Friendly Lifestyle

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Among cities in Indiana for Apartment listings with Pet Friendly Amenities.

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

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Frequently Asked Questions about Cheap Underwood Apartments

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

The lowest price for a Cheap One Bedroom Underwood Apartment is $200 at Yellowwood Terrace Affordable Senior Housing.

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

Today's best deal for a Cheap Two Bedroom Apartment in Underwood is starting from $929 at Water's Edge.

What is the most affordable Underwood Three Bedroom Apartment?

The best deal on a cheap Underwood Three Bedroom Apartment rental is at Water's Edge and starts from $1,006.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.