Cheap Apartments for Rent in Valparaiso, IN from $500 (15 Rentals)

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

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Pioneer Apartments
Studio to 3 Bedroom Apartments

Pioneer Apartments

101 Chicago StValparaiso, IN 46383
  • Utilities Included
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Villa Moderne Apartments
Studio to 2 Bedroom Apartments

Villa Moderne Apartments

1405-1411 Chicago StValparaiso, IN 46383
  • Utilities Included
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Colombia Apartments
1 to 2 Bedroom Apartments

Colombia Apartments

500 Indiana AveValparaiso, IN 46383
  • Utilities Included

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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Anderson Crossing
1 Bedroom Apartments

Anderson Crossing

785 Baltimore RdValparaiso, IN 46385
  • Utilities Included
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610 Union St
Studio Apartments

610 Union St

610 Union StValparaiso, IN 46383
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Jefferson Apartments
1 Bedroom Apartments

Jefferson Apartments

52-54 College AveValparaiso, IN 46383
  • Utilities Included
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Liberty Farm
3 Bedroom Apartments

Liberty Farm

76 E US Highway 6Valparaiso, IN 46383
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Mayfield Apartments
1 to 2 Bedroom Apartments

Mayfield Apartments

156-364 Mayfield AveValparaiso, IN 46383
  • Utilities Included

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.

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Stoney Meadow Apartments
Studio to 2 Bedroom Apartments

Stoney Meadow Apartments

1603 Firestone LnValparaiso, IN 46383
  • Utilities Included
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353 Morgan Blvd
Studio Apartments

353 Morgan Blvd

353 Morgan BlvdValparaiso, IN 46383
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555 Locust St
1 Bedroom Apartments

555 Locust St

555 S Locust StValparaiso, IN 46383
  • Smoke Free

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

Valparaiso, IN Local Guide

Cheapest Neighborhoods for Apartments in Valparaiso, IN

Pricing Updated: 11/29/2025

Current apartment rentals in the Valparaiso, IN area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Valparaiso Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Banta$1,668$89923
Downtown Valparaiso$1,874$89966

Cheapest Available Valparaiso Apartments for Rent

 

The cheapest available apartment rental in Valparaiso, IN is a 1 Bed unit found at Sheffield Village Apartments & Townhomes priced from $925. Avery Glen Apartments in the Downtown Valparaiso neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,017. Here is today’s list of the most affordable Valparaiso apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Sheffield Village Apartments & Townhomes1 Bed, 1 bath1BR,1BA$925
Avery Glen Apartments1X11BR,1BA$1,017
Viewpointe Apartment HomesF-1 BD1BR,1BA$1,098
Chandana Pointe ApartmentsThe Florencia1BR,1BA$1,125
Uptown East1X1 S1BR,1BA$1,145

Best Value Apartments for Rent in Valparaiso, IN

As of November 29, 2025 the best value apartment in the Valparaiso area is the $1.25 price per square foot 2 Beds, 2 baths Model at The VIC in the in the Banta neighborhood starting from $1,895. The second greatest value Valparaiso apartment is the 2 Bedroom Townhouse Model at Hampton Park Apartments starting at $1,290 with a $1.17 price per square foot in the Banta neighborhood. Here is today’s list of the best values for Valparaiso apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The VIC2 Beds, 2 baths2BR,2BA$1.25
Hampton Park Apartments2 Bedroom Townhouse2BR,1.5BA$1.17
Hills of Aberdeen Apartment HomesTwo Bedroom 2 Bath2BR,2BA$1.54
Windridge Village ApartmentsBaha3BR,2BA$1.56
Covington Square2bed2BR,1BA$1.47
Williamsburg ValparaisoTwo Bedroom Apartment2BR,1BA$1.34
Chandana Pointe ApartmentsThe Florencia1BR,1BA$1.44
Avery Glen Apartments1X11BR,1BA$1.36
Sheffield Village Apartments & Townhomes1 Bed, 1 bath1BR,1BA$1.30
Viewpointe Apartment HomesF-1 BD1BR,1BA$1.63

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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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.

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

Explore Valparaiso, IN Rentals by Map

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Getting Around Valparaiso, IN

Walk Score®

38 / 100

Car-Dependent

Most errands require a car

Bike Score®

40 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

12 / 100

Minimal Transit

It may be possible to get on a bus

Frequently Asked Questions about Cheap Valparaiso Apartments

What is the price of a cheap apartment in Valparaiso?

The cheapest apartment in Valparaiso is Sheffield Village Apartments & Townhomes which is listed at $925, while the average apartment in Valparaiso costs $1,771.

What types of apartments are the cheapest in Valparaiso?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 13 regular apartments in Valparaiso that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Valparaiso?

Cheap apartments in Valparaiso have an average cost of $466 which is $1,305 cheaper than the average rent for all rentals in Valparaiso.

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.

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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! 

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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.

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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.