Cheap Apartments for Rent in Valparaiso, IN from $500 (24 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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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
  • 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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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
  • Smoke Free
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Mayfield Apartments
1 to 2 Bedroom Apartments

Mayfield Apartments

156-364 Mayfield AveValparaiso, IN 46383
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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.

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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
1 to 2 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

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.

Valparaiso, IN Local Guide

Cheapest Neighborhoods for Apartments in Valparaiso, IN

Pricing Updated: 08/30/2025

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$1,901$1,01752
Banta$1,943$1,09516

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. Williamsburg Valparaiso in the Downtown Valparaiso neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,155. Here is today’s list of the most affordable Valparaiso apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Avery Glen Apartments1X11BR,1BA$1,017
Williamsburg ValparaisoOne Bedroom Apartment1BR,1BA$1,155
Chandana Pointe ApartmentsThe Florencia1BR,1BA$1,165
Vale Park Village1 Bedroom 1 Bath1BR,1BA$1,175
Uptown East1X1 S1BR,1BA$1,249

Best Value Apartments for Rent in Valparaiso, IN

As of August 30, 2025 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 706 Chicago St Model at 706 Chicago St, Unit #1 starting at $1,200 with a $1.09 price per square foot in the Banta 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
706 Chicago St, Unit #1706 Chicago St2BR,1BA$1.09
Preserve at Grande Oaks Apartment Homes2x22BR,2BA$1.61
Hills of Aberdeen Apartment HomesOne Bedroom1BR,1BA$1.45
Vale Park Village2 Bedroom 1 Bathroom2BR,1BA$1.54
Andover Park2 Bedroom, 1 Bath2BR,1BA$1.41
Covington Square2bedwd2BR,1BA$1.48
357 Greenwich St, Unit 6357 Greenwich St2BR,2BA$1.45
Chandana Pointe ApartmentsThe Florencia1BR,1BA$1.49
Avery Glen Apartments1X11BR,1BA$1.36

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

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Getting Around Valparaiso, IN

Walk Score®

38 / 100

Car-Dependent

Most errands require a car

Bike Score®

40 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

12 / 100

Minimal Transit

It may be possible to get on a bus

Frequently Asked Questions about Cheap Valparaiso Apartments

How much is rent for a Cheap One Bedroom Valparaiso Apartment?

The lowest price for a Cheap One Bedroom Valparaiso Apartment is $1,017 at Avery Glen Apartments.

What is the lowest price for a Cheap Two Bedroom Valparaiso Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Valparaiso is starting from $1,275 at Chandana Pointe Apartments.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

decorative image for Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting article

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.