Cheap Apartments for Rent in Valparaiso, IN from $925 (52 Rentals)

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

property at 730 Governor Rd

$700

Total Monthly Price

Total Monthly Price

Base Rent
$700

Total Monthly Price
$700

1 Bedroom, 2 Bath Home for Rent

Available Now

730 Governor Rd

ValparaisoIN46385

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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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

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Colombia Apartments
1 to 2 Bedroom Apartments

Colombia Apartments

500 Indiana AveValparaiso, IN 46383
  • Utilities Included
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Anderson Crossing
1 Bedroom Apartments

Anderson Crossing

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

610 Union St

610 Union StValparaiso, IN 46383
  • Smoke Free
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Mayfield Apartments
1 to 2 Bedroom Apartments

Mayfield Apartments

156-364 Mayfield AveValparaiso, IN 46383
  • Utilities Included
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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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555 Locust St
1 Bedroom Apartments

555 Locust St

555 S Locust StValparaiso, IN 46383
  • Smoke Free

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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353 Morgan Blvd
Studio Apartments

353 Morgan Blvd

353 Morgan BlvdValparaiso, IN 46383
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357 Greenwich St
1 Bedroom Apartments

357 Greenwich St

357 Greenwich StValparaiso, IN 46383
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East Pointe Apartments
1 to 2 Bedroom Apartments

East Pointe Apartments

226 Legend DrValparaiso, IN 46383
  • Utilities Included
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205 Michigan
Studio to 3 Bedroom Apartments

205 Michigan

205 Michigan AveValparaiso, IN 46383
  • Utilities Included
property at 204 Brown St

$1,100

Total Monthly Price

Total Monthly Price

Base Rent
$1,100

Total Monthly Price
$1,100

1 Bedroom, 1 Bath Condo for Rent

Available Now

204 Brown St, Unit 2

204 Brown St
ValparaisoIN46383

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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501 Union St
2 Bedroom Apartments

501 Union St

501 Union StValparaiso, IN 46383
  • Smoke Free
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204 Brown St
Studio to 2 Bedroom Apartments

204 Brown St

204 Brown StValparaiso, IN 46383
  • Smoke Free
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678 Dearborn Rd
2 to 3 Bedroom Apartments

678 Dearborn Rd

678 Dearborn RdValparaiso, IN 46385
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Porter Ridge Apartments
1 to 2 Bedroom Apartments

Porter Ridge Apartments

1101-1201 W Porter AveChesterton, IN 46304
  • Utilities Included
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Aspen Pines
2 to 3 Bedroom Apartments

Aspen Pines

506 W 1100 NChesterton, IN 46304
  • 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.

Valparaiso, IN Local Guide

Cheapest Neighborhoods for Apartments in Valparaiso, IN

Pricing Updated: 08/28/2026

Current apartment rentals in the Valparaiso, IN area range in price from $925 to $3,700 with an overall median price of $1,425. Here is today’s list neighborhoods with the lowest median pricing for Valparaiso Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Banta$1,137$92516
Downtown Valparaiso$1,535$92542

Cheapest Available Valparaiso Apartments for Rent

 

The cheapest available apartment rental in Valparaiso, IN is a 1 Bed unit found at Viewpointe Apartment Homes in the Banta neighborhood priced from $1,011. Avery Glen Apartments in the Porter County neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,056. Here is today’s list of the most affordable Valparaiso apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Viewpointe Apartment HomesB-1 BD1BR,1BA$1,011
Avery Glen Apartments1X11BR,1BA$1,056
The VICThe Vic.1BR,1BA$1,095
Uptown East1X1 S1BR,1BA$1,145
Andover Park1 Bedroom, 1 Bath - Floor Plan A1BR,1BA$1,199
Vale Park VillageStudioStudio,1BA$1,200
Williamsburg ValparaisoOne Bedroom Apartment1BR,1BA$1,202
Golfview ApartmentsG1B1B1BR,1BA$1,313

Best Value Apartments for Rent in Valparaiso, IN

As of August 29, 2026 the best value apartment in the Valparaiso area is the $1.18 price per square foot 105 Garfield Ave Model at 105 Garfield Ave, Unit Garfield in the in the Banta neighborhood starting from $1,775. The second greatest value Valparaiso apartment is the K1 Model at The Lakes of Valparaiso starting at $2,656 with a $1.80 price per square foot in the Porter County 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.
105 Garfield Ave, Unit Garfield105 Garfield Ave3BR,1.5BA$1.18
The Lakes of ValparaisoK13BR,2BA$1.80
678 Dearborn Rd2 Beds, 1.5 Baths2BR,1.5BA$1.40
Chandana Pointe ApartmentsThe Tuscany2BR,2BA$1.36
210 Logan St, Unit 2210 Logan St2BR,1BA$1.36
812 S 14th St, Unit 1 unit (Duplex))812 S 14th St2BR,1BA$1.61
7 Garfield Ave, Unit #37 Garfield Ave2BR,1BA$1.29
The VICThe Vic.1BR,1BA$1.46
Avery Glen Apartments1X11BR,1BA$1.41
Williamsburg ValparaisoOne Bedroom Apartment1BR,1BA$1.71

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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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!

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Frequently Asked Questions about Cheap Valparaiso Apartments

What is a cheap apartment in Valparaiso?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Valparaiso is under $1,313.

What is the price of a cheap apartment in Valparaiso?

The cheapest apartment in Valparaiso is Viewpointe Apartment Homes which is listed at $1,011, while the average apartment in Valparaiso costs $1,425.

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 20 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 $629 which is $796 cheaper than the average rent for all rentals in Valparaiso.

Expert Rental Resources

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.

Articles, How-To's, and Tips

decorative image for Rent According to Income: A Look at Income-Restricted Rentals   article

Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

decorative image for Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags   article

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.