close
View Me
Rent Specials
$200 - $1,0091 Bedroom Apartments Available Now
Yellowwood Terrace Affordable Senior Housing
2100 Greentree NClarksville, IN 47129
Cheap Apartments for Rent in Underwood, IN from $400 (14 Rentals)
Search the lowest-cost Apartments available for rent right now in Underwood.
close
View Me
$750 - $9751 to 2 Bedroom Apartments Available Now
Stonebrook of Scottsburg
33 N 5th StScottsburg, IN 47170
close
View Me
close
View Me
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.
close
View Me
close
View Me
$8952 Bedroom Apartments Contact Us For Availability
Mason Manor Apartments
907 E Hackberry StSalem, IN 47167
close
View Me
Rent Specials
$900 - $1,2871 Bedroom Apartments Available Now
Clarksville Lofts
4423 Highway 31 EClarksville, IN 47129
close
View Me
2223 Mayflower Manor
New AlbanyIN47150
1107 Silverton Ct
ClarksvilleIN47129
111 Kenwood Ave
CharlestownIN47111
1304 Indiana Ave
New AlbanyIN47150
136 E Harrison Ave
ClarksvilleIN47129
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.
217 Lowell Ave
CharlestownIN47111
Showing Results 1-14, Page 1 of 1
Underwood, IN Local Guide
Welcome to Indiana sign by Mark Goebel is licensed under CC BY 2.0
How much does it cost to rent an apartment in Underwood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Underwood Studio Apartments | $1,185 | $1,026 | $1,266 |
| Underwood 1 Bedroom Apartments | $1,147 | $200 | $1,600 |
| Underwood 2 Bedroom Apartments | $1,338 | $895 | $2,135 |
| Underwood 3 Bedroom Apartments | $1,704 | $1,006 | $2,155 |
Browse Top Apartments in Underwood
See all Apartments in UnderwoodExplore Underwood
Underwood, IN Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Yellowwood Terrace Affordable Senior Housing | Standard | 1BR,1BA | $200 |
| Stonebrook of Scottsburg | A1 | 1BR,1BA | $750 |
| Water's Edge | One Bedroom Reservation List | 1BR,1BA | $771 |
| 281 E Main St | One Bed, One Bath | 1BR,1BA | $775 |
| Willow Run | One Bed One Bath | 1BR,1BA | $894 |
Best Value Apartments for Rent in Underwood, IN and Nearby
As of September 07, 2025 the best value apartment in the Underwood area is the $1.12 price per square foot The Sequoia Model at Forest Edge Apartments in the in the Outer Southern Indiana Clark County neighborhood starting from $1,395. The second greatest value Underwood apartment is the 2 BEDROOM 2 BATHROOM Model at Ashby Apartments starting at $1,185 with a $0.95 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Forest Edge Apartments | The Sequoia | 2BR,2BA | $1.12 |
| Ashby Apartments | 2 BEDROOM 2 BATHROOM | 2BR,2BA | $0.95 |
| Rivers Edge Residences | 2 Beds, 2 baths | 2BR,2BA | $1.10 |
| Lakeview Apartments | 2 BEDROOM 2 BATHROOM B | 2BR,2BA | $1.12 |
| Carrington Place Apartments | 2 BEDROOM 1 BATHROOM | 2BR,1BA | $1.10 |
| Plaza Square Apartments | 2x1 | 2BR,1BA | $1.00 |
| Holmans Crossing Apartments | 2Bedroom/2Bathroom 986 sqft (1st or 2nd floor) | 2BR,2BA | $1.11 |
| 281 E Main St | One Bed, One Bath | 1BR,1BA | $0.97 |
| Water's Edge | One Bedroom Reservation List | 1BR,1BA | $1.10 |
| Yellowwood Terrace Affordable Senior Housing | Standard | 1BR,1BA | $0.34 |
Quick Rent Budget Calculator
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.
Let everyone know!
Do you know the Underwood area?
If you’re an expert on all things Underwood, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Pet Friendly Lifestyle
Ranked #
Among cities in Indiana for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
Pet Friendly
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Underwood, IN Rentals by Map
See the most popular apartments and homes in Underwood, IN
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.
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.
The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.