2223 Mayflower Manor
New AlbanyIN47150
Cheap Homes for Rent in Underwood, IN from $900 (14 Rentals)
Search the lowest-cost Homes available for rent right now in Underwood.
1202 E Walford Dr
JeffersonvilleIN47130
3103 Lighthouse Dr
JeffersonvilleIN47130
2424 Addmore Ln
ClarksvilleIN47129
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.
1747 E Oak St
New AlbanyIN47150
4305 Reas Ln
New AlbanyIN47150
1740 E Market St
New AlbanyIN47150
213 Starlight Dr
ClarksvilleIN47129
1827 Scott Rd
New AlbanyIN47150
4930 Grant Line Rd
New AlbanyIN47150
4934 Grant Line Rd
New AlbanyIN47150
4932 Grant Line Rd
New AlbanyIN47150
1915 Paddle Wheel Dr
JeffersonvilleIN47130
1130 Greenaway Pl
New AlbanyIN47150
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
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 a home in Underwood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Underwood 2 Bedroom Homes for Rent | $1,490 | $950 | $2,400 |
| Underwood 3 Bedroom Homes for Rent | $1,867 | $1,250 | $2,800 |
| Underwood 4 Bedroom Homes for Rent | $3,400 | $3,300 | $3,500 |
| Underwood 5 Bedroom Homes for Rent | $4,833 | $2,000 | $8,000 |
Browse Top Homes for Rent in Underwood
Explore 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 | $949 |
Best Value Apartments for Rent in Underwood, IN and Nearby
As of May 24, 2025 the best value apartment in the Underwood area is the $0.79 price per square foot Three Bedroom Model at Nicholas Landing in the in the Southern Indiana neighborhood starting from $1,411. 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 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. |
|---|---|---|---|
| Nicholas Landing | Three Bedroom | 3BR,2BA | $0.79 |
| Williams Crossing Townhomes | WITH Storage | 3BR,2.5BA | $1.04 |
| Koehler Springs | Koehler Springs II | 3BR,2.5BA | $0.89 |
| Lakeview Apartments | 2 BEDROOM 2 BATHROOM B | 2BR,2BA | $1.12 |
| The Monroe | 2 Bedroom One & One Half Bathroom | 2BR,1.5BA | $1.12 |
| 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
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 $4,215. There are also 39 Single Family Homes for rent, Condos, and Townhome rentals currently available in Underwood ranging from $950 to $8,000.
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 $950 to $8,000 with an average monthly rent of $2,897.
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.
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.
Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.