
Cheap Apartments for Rent in Valparaiso, IN from $500 (51 Rentals)
Search the lowest-cost Apartments available for rent right now in Valparaiso.


Viewpointe Apartment Homes

Avery Glen Apartments

213 Logan St, Unit 213-3

Total Monthly Price
7 Garfield Ave, Unit #3, Unit #3

Covington Square

Chandana Pointe Apartments

Uptown East

356 Mayfield Ave

Vale Park Village
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.

Andover Park

Williamsburg Valparaiso

The Linc Valpo

Hills of Aberdeen Apartment Homes

Pioneer Apartments

Villa Moderne Apartments

Colombia Apartments

Casa del Sol Apartments

Anderson Crossing

Liberty Farm
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.

Jefferson Apartments

610 Union St

Mayfield Apartments

Sheffield Village Apartments & Townhomes

Stoney Meadow Apartments

353 Morgan Blvd

555 Locust St

357 Greenwich St

Arbor Crossing Apartments

205 Michigan
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.

East Pointe Apartments

361 Locust St Valparaiso, IN

Hampton Park Apartments

The Masters Apartment Homes

Windridge Village Apartments

State Place Apartment Homes

1043 Scarborough Ct

1167 Abbey Ln

The Enclave

1022 South 19th Street
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.

5284 Broadway

Porter Ridge Apartments

5224 E 13th Ave

Aspen Pines

3808 Alabama St

1126 Floyd St

4295 Ohio St

2924 Central Dr

1041 Dekalb St

5026 Kentucky St
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.
Valparaiso, IN Local Guide

How much does it cost to rent an apartment in Valparaiso?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Valparaiso Studio Apartments | $1,024 | $895 | $1,175 |
| Cheap Valparaiso 1 Bedroom Apartments | $1,415 | $992 | $1,836 |
| Cheap Valparaiso 2 Bedroom Apartments | $1,601 | $1,086 | $2,309 |
| Cheap Valparaiso 3 Bedroom Apartments | $2,126 | $1,194 | $3,301 |
Browse Top Apartments in Valparaiso
See all Apartments in ValparaisoExplore Valparaiso
Valparaiso, IN Local Guide
- Valparaiso Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Neighborhoods for Apartments in Valparaiso, IN
Pricing Updated: 04/14/2026Current 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:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Downtown Valparaiso | $1,930 | $938 | 78 |
| Banta | $2,062 | $895 | 24 |
Cheapest Available Valparaiso Apartments for Rent
 The cheapest available apartment rental in Valparaiso, IN is a 1 Bed unit found at Chandana Pointe Apartments in the Downtown Valparaiso neighborhood priced from $1,125. Uptown East in the Banta neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,145. Here is today’s list of the most affordable Valparaiso apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Chandana Pointe Apartments | The Florencia | 1BR,1BA | $1,125 |
| Uptown East | 1X1 S | 1BR,1BA | $1,145 |
| Viewpointe Apartment Homes | J-2 BD | 2BR,1BA | $1,165 |
| Vale Park Village | Studio | Studio,1BA | $1,175 |
| Andover Park | 1 Bedroom, 1 Bath - Floor Plan A | 1BR,1BA | $1,179 |
| Covington Square | 1bed | 1BR,1BA | $1,195 |
| Williamsburg Valparaiso | One Bedroom Apartment | 1BR,1BA | $1,201 |
| Avery Glen Apartments | 2X1 | 2BR,1BA | $1,201 |
| The Linc Valpo | The Jefferson | 1BR,1BA | $1,270 |
Best Value Apartments for Rent in Valparaiso, IN
As of April 14, 2026 the best value apartment in the Valparaiso area is the $1.65 price per square foot Three Bedroom 2 Bath Model at Hills of Aberdeen Apartment Homes in the starting from $2,310. The second greatest value Valparaiso apartment is the D.2-3x2 Overlook Model at Eagle Crossing Luxury Apartment Homes starting at $2,199 with a $1.59 price per square foot . Here is today’s list of the best values for Valparaiso apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Hills of Aberdeen Apartment Homes | Three Bedroom 2 Bath | 3BR,2BA | $1.65 |
| Eagle Crossing Luxury Apartment Homes | D.2-3x2 Overlook | 3BR,2BA | $1.59 |
| The Enclave | The Indigo | 2BR,2BA | $1.27 |
| Avery Glen Apartments | 2X1 | 2BR,1BA | $1.20 |
| Compass Pointe Apartments | Bahama | 2BR,1BA | $1.72 |
| Viewpointe Apartment Homes | J-2 BD | 2BR,1BA | $1.35 |
| Chandana Pointe Apartments | The Florencia | 1BR,1BA | $1.44 |
| Covington Square | 1bed | 1BR,1BA | $1.69 |
| Williamsburg Valparaiso | One Bedroom Apartment | 1BR,1BA | $1.71 |
| 7 Garfield Ave, Unit #3 | 7 Garfield Ave | 2BR,1BA | $1.57 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon'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.
Read ArticleThe 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.
Read ArticleCash 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.
Read ArticleQuick 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.
Best Local Schools in Valparaiso, IN
Thomas Jefferson Middle School
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Valparaiso, IN Rentals by Map
See the most popular apartments and homes in Valparaiso, IN
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 $1,270.
What is the price of a cheap apartment in Valparaiso?
The cheapest apartment in Valparaiso is Chandana Pointe Apartments which is listed at $1,125, while the average apartment in Valparaiso costs $1,996.
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 35 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 $790 which is $1,206 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

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.