Cheap Apartments for Rent in Valparaiso, IN from $500 (14 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

close
View Me
Pioneer Apartments
Studio to 3 Bedroom Apartments

Pioneer Apartments

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

Villa Moderne Apartments

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

Colombia Apartments

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

Anderson Crossing

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

610 Union St

610 Union StValparaiso, IN 46383
  • Smoke Free

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.

close
View Me
Jefferson Apartments
1 Bedroom Apartments

Jefferson Apartments

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

Liberty Farm

76 E US Highway 6Valparaiso, IN 46383
  • Utilities Included
close
View Me
Mayfield Apartments
1 to 2 Bedroom Apartments

Mayfield Apartments

156-364 Mayfield AveValparaiso, IN 46383
  • Utilities Included
close
View Me
Stoney Meadow Apartments
Studio to 2 Bedroom Apartments

Stoney Meadow Apartments

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

353 Morgan Blvd

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

555 Locust St

555 S Locust StValparaiso, IN 46383
  • Smoke Free

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.

Valparaiso, IN Local Guide

Cheapest Neighborhoods for Apartments in Valparaiso, IN

Pricing Updated: 01/13/2026

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
Downtown Valparaiso$2,014$89972
Banta$2,295$89927

Cheapest Available Valparaiso Apartments for Rent

 

The cheapest available apartment rental in Valparaiso, IN is a 1 Bed unit found at Avery Glen Apartments in the Downtown Valparaiso neighborhood priced from $1,017. Chandana Pointe Apartments in the Downtown Valparaiso neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,125. Here is today’s list of the most affordable Valparaiso apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Avery Glen Apartments1X11BR,1BA$1,017
Chandana Pointe ApartmentsThe Florencia1BR,1BA$1,125
Viewpointe Apartment HomesJ-2 BD2BR,1BA$1,126
Uptown East1X1 S1BR,1BA$1,145
Andover Park1 Bedroom, 1 Bath - Floor Plan A1BR,1BA$1,149

Best Value Apartments for Rent in Valparaiso, IN

As of January 13, 2026 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 212 Logan St Model at 212 Logan St starting at $1,499 with a $1.50 price per square foot in the Downtown Valparaiso 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
212 Logan St212 Logan St2BR,1BA$1.50
Covington Square2bed2BR,1BA$1.48
Williamsburg ValparaisoTwo Bedroom Apartment2BR,1BA$1.41
Viewpointe Apartment HomesJ-2 BD2BR,1BA$1.31
Windridge Village ApartmentsNaxos2BR,1BA$1.59
Chandana Pointe ApartmentsThe Florencia1BR,1BA$1.44
The Lakes of ValparaisoA21BR,1BA$1.71
Vale Park Village1 Bedroom 1 Bath1BR,1BA$1.69
Avery Glen Apartments1X11BR,1BA$1.36

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.

Read Article
Decorative image

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.

Read Article
Decorative image

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.

Read Article
Decorative image

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.

decorative image of people with a giant lease agreement

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

Explore Valparaiso, IN Rentals by Map

View Map
Valparaiso, IN Apartments Map
View Map
Valparaiso, IN Rental Homes Map

Frequently Asked Questions about Cheap Valparaiso Apartments

What is the price of a cheap apartment in Valparaiso?

The cheapest apartment in Valparaiso is Avery Glen Apartments which is listed at $1,017, while the average apartment in Valparaiso costs $2,154.

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 25 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 $425 which is $1,729 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 A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

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.

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

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.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!