Cheap Apartments for Rent in Valparaiso, IN from $500 (59 Rentals)

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

property at 305 Oak St

$600

Total Monthly Price

Total Monthly Price

Base Rent
$600
Total Monthly Price
$600

1 Bedroom, 1.5 Bath Home for Rent

Available Now

305 Oak 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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Pioneer Apartments
Studio to 3 Bedroom Apartments

Pioneer Apartments

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

Villa Moderne Apartments

1405-1411 Chicago StValparaiso, 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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Colombia Apartments
1 to 2 Bedroom Apartments

Colombia Apartments

500 Indiana AveValparaiso, IN 46383
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Anderson Crossing
1 Bedroom Apartments

Anderson Crossing

785 Baltimore RdValparaiso, IN 46385
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Jefferson Apartments
1 Bedroom Apartments

Jefferson Apartments

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

Liberty Farm

76 E US Highway 6Valparaiso, IN 46383
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610 Union St
Studio Apartments

610 Union St

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

Mayfield Apartments

156-364 Mayfield AveValparaiso, IN 46383
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Stoney Meadow Apartments
Studio to 2 Bedroom Apartments

Stoney Meadow Apartments

1603 Firestone LnValparaiso, IN 46383
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555 Locust St
1 Bedroom Apartments

555 Locust St

555 S Locust StValparaiso, IN 46383
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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.

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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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205 Michigan
Studio to 3 Bedroom Apartments

205 Michigan

205 Michigan AveValparaiso, IN 46383
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East Pointe Apartments
1 to 2 Bedroom Apartments

East Pointe Apartments

226 Legend DrValparaiso, 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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501 Union St
2 Bedroom Apartments

501 Union St

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

204 Brown St

204 Brown StValparaiso, IN 46383
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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.

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Showing Results 1-50, Page 1 of 2

Valparaiso, IN Local Guide

Cheapest Neighborhoods for Apartments in Valparaiso, IN

Pricing Updated: 05/29/2026

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$1,952$93869
Banta$2,062$89530

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. 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 ListingModel NameBed/BathPriced From
Viewpointe Apartment HomesB-1 BD1BR,1BA$1,011
Uptown East1X1 S1BR,1BA$1,145
Chandana Pointe ApartmentsThe Florencia1BR,1BA$1,185
Avery Glen Apartments2X12BR,1BA$1,201
The Linc ValpoThe Jefferson1BR,1BA$1,270
Williamsburg ValparaisoTwo Bedroom Apartment2BR,1BA$1,315
Andover Park2 Bedroom, 1 Bath2BR,1BA$1,329
The Lakes of ValparaisoA21BR,1BA$1,347
Golfview ApartmentsG1B1BL1BR,1BA$1,411
Hills of Aberdeen Apartment HomesOne Bedroom1BR,1BA$1,545

Best Value Apartments for Rent in Valparaiso, IN

As of May 29, 2026 the best value apartment in the Valparaiso area is the $1.27 price per square foot The Indigo Model at The Enclave in the starting from $1,675. The second greatest value Valparaiso apartment is the C6.1-2x2 Redwood Model at Eagle Crossing Luxury Apartment Homes starting at $2,309 with a $1.76 price per square foot . 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 EnclaveThe Indigo2BR,2BA$1.27
Eagle Crossing Luxury Apartment HomesC6.1-2x2 Redwood2BR,2BA$1.76
Covington Square3bedth3BR,1.5BA$1.40
Vale Park Village2 Bedroom 2 Bathroom2BR,2BA$1.56
Preserve at Grande Oaks Apartment Homes2x22BR,2BA$1.61
Hills of Aberdeen Apartment HomesOne Bedroom1BR,1BA$1.51
Avery Glen Apartments2X12BR,1BA$1.20
Andover Park2 Bedroom, 1 Bath2BR,1BA$1.47
Williamsburg ValparaisoTwo Bedroom Apartment2BR,1BA$1.45
Chandana Pointe ApartmentsThe Florencia1BR,1BA$1.52

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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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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Best Local Schools in
Valparaiso, IN

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Remember the 3 Rules of Real Estate:
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Frequently Asked Questions about Cheap Valparaiso Apartments

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 $2,007.

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 58 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 $880 which is $1,127 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 Neighborhood and Market Insights: How to Choose the Right Area to Rent article

Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.