136 E Harrison Ave
ClarksvilleIN47129
Cheap Homes for Rent in Underwood, IN from $800 (8 Rentals)
Search the lowest-cost Homes available for rent right now in Underwood.
2-982 W Vest St
ScottsburgIN47170
1740 E Market St
New AlbanyIN47150
4305 Reas Ln
New AlbanyIN47150
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.
4930 Grant Line Rd
New AlbanyIN47150
4934 Grant Line Rd
New AlbanyIN47150
4932 Grant Line Rd
New AlbanyIN47150
13202 Prospect Glen Way
ProspectKY40059
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
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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 a home in Underwood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Underwood 2 Bedroom Homes for Rent | $1,360 | $880 | $2,000 |
| Underwood 3 Bedroom Homes for Rent | $2,143 | $1,400 | $5,000 |
| Underwood 4 Bedroom Homes for Rent | $4,098 | $1,695 | $10,000+ |
| Underwood 5 Bedroom Homes for Rent | $6,250 | $4,500 | $8,000 |
| Underwood 6 Bedroom Homes for Rent | $5,283 | $4,000 | $6,250 |
Browse Top Homes for Rent in Underwood
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Underwood, IN Local Guide
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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 |
Best Value Apartments for Rent in Underwood, IN and Nearby
As of July 23, 2025 the best value apartment in the Underwood area is the $0.89 price per square foot Koehler Springs II Model at Koehler Springs in the in the Southern Indiana neighborhood starting from $1,200. The second greatest value Underwood apartment is the WITH Storage Model at Williams Crossing Townhomes starting at $1,400 with a $1.04 price per square foot in the Crystal Springs 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. |
|---|---|---|---|
| Koehler Springs | Koehler Springs II | 3BR,2.5BA | $0.89 |
| Williams Crossing Townhomes | WITH Storage | 3BR,2.5BA | $1.04 |
| Forest Edge Apartments | The Sequoia | 2BR,2BA | $1.12 |
| Rivers Edge Residences | 2 Beds, 2 baths | 2BR,2BA | $1.10 |
| Lakeview Apartments | 2 BEDROOM 2 BATHROOM B | 2BR,2BA | $1.12 |
| Holmans Crossing Apartments | 2Bedroom/2Bathroom 1084 sqft | 2BR,2BA | $1.10 |
| Plaza Square Apartments | 2x1 | 2BR,1BA | $1.00 |
| 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 |
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Frequently Asked Questions about Underwood
What type of rentals are currently available in Underwood?
There are currently 41 Apartments for Rent in Underwood, IN with pricing that ranges from $200 to $4,858. There are also 40 Single Family Homes for rent, Condos, and Townhome rentals currently available in Underwood ranging from $880 to $10,000.
What is the current price range for Rental Homes in Underwood?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Underwood ranges from $880 to $10,000 with an average monthly rent of $3,372.
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.
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.
The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.
The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.