Cheap Apartments for Rent in Valparaiso, IN from $500 (33 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

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
  • Utilities Included
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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
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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
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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
  • Utilities Included
property at 361 Locust St

$975

Total Monthly Price

Total Monthly Price

Base Rent
$975

Total Monthly Price
$975

1 Bedroom, 1 Bath Condo for Rent

Available Now

361 Locust St, Unit 4

361 Locust St
ValparaisoIN46383

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.

property at 357 S Greenwich St

$1,000

Total Monthly Price

Total Monthly Price

Base Rent
$1,000

Total Monthly Price
$1,000

2 Bedroom, 2 Bath Condo for Rent

Available Now

357 S Greenwich St, Unit 6

357 S Greenwich St
ValparaisoIN46383
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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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Porter Ridge Apartments
1 to 2 Bedroom Apartments

Porter Ridge Apartments

1101-1201 W Porter AveChesterton, IN 46304
  • Utilities Included

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.

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Aspen Pines
2 to 3 Bedroom Apartments

Aspen Pines

506 W 1100 NChesterton, IN 46304
  • Utilities Included

Valparaiso, IN Local Guide

Cheapest Neighborhoods for Apartments in Valparaiso, IN

Pricing Updated: 02/27/2026

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$1,811$93888
Banta$1,935$93830

Cheapest Available Valparaiso Apartments for Rent

 

The cheapest available apartment rental in Valparaiso, IN is a Studio unit found at Viewpointe Apartment Homes in the Banta neighborhood priced from $938. Avery Glen Apartments in the Downtown Valparaiso 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 HomesA-StudioStudio,1BA$938
Avery Glen Apartments1X11BR,1BA$1,056
Chandana Pointe ApartmentsThe Florencia1BR,1BA$1,125
Uptown East1X1 S1BR,1BA$1,145
Andover Park1 Bedroom, 1 Bath - Floor Plan A1BR,1BA$1,149
Vale Park VillageStudioStudio,1BA$1,175
The Linc ValpoThe Jefferson1BR,1BA$1,199
Covington Square1bed1BR,1BA$1,255
Woodside Village Apartments2 Bedroom, 1 Bath2BR,1BA$1,329

Best Value Apartments for Rent in Valparaiso, IN

As of February 28, 2026 the best value apartment in the Valparaiso area is the $1.42 price per square foot The Indigo Model at The Enclave in the starting from $1,875. The second greatest value Valparaiso apartment is the 2 bed 2 1/2 bath Model at Village Green Townhomes starting at $1,425 with a $1.39 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 EnclaveThe Indigo2BR,2BA$1.42
Village Green Townhomes2 bed 2 1/2 bath2BR,2.5BA$1.39
Compass Pointe ApartmentsCozumel2BR,2BA$1.62
212 Logan St212 Logan St2BR,1BA$1.30
Hills of Aberdeen Apartment HomesOne Bedroom - 850 sqft1BR,1BA$1.75
Chandana Pointe ApartmentsThe Florencia1BR,1BA$1.44
Woodside Village Apartments2 Bedroom, 1 Bath2BR,1BA$1.73
Avery Glen Apartments1X11BR,1BA$1.41
Covington Square1bed1BR,1BA$1.77
Andover Park1 Bedroom, 1 Bath - Floor Plan A1BR,1BA$1.77

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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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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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!

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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 Avery Glen Apartments which is listed at $1,056, while the average apartment in Valparaiso costs $1,873.

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 49 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 $670 which is $1,203 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 Maximizing Your Refund: Essential Tax Tips for Renters article

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.

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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.

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.

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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.