
Cheap Apartments for Rent in Valparaiso, IN from $500 (33 Rentals)
Search the lowest-cost Apartments available for rent right now in Valparaiso.


Avery Glen Apartments

Andover Park

354 Mayfield Ave

213 Logan St

Pioneer Apartments

Villa Moderne Apartments

Casa del Sol Apartments
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.

Colombia Apartments

Anderson Crossing

610 Union St

Jefferson Apartments

Liberty Farm

Mayfield Apartments

Sheffield Village Apartments & Townhomes

703 Elm St
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.

Stoney Meadow Apartments

353 Morgan Blvd

555 Locust St

357 Greenwich St

Arbor Crossing Apartments

205 Michigan

207 Monroe St

361 Locust St, Unit 4
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.

357 S Greenwich St, Unit 6

East Pointe Apartments

361 Locust St Valparaiso, IN

Hampton Park Apartments

State Place Apartment Homes

1022 South 19th Street

Porter Ridge Apartments

1140 Hamilton Pl
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.

Aspen Pines
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 | $1,056 | $938 | $1,175 |
| Cheap Valparaiso 1 Bedroom Apartments | $1,417 | $992 | $1,829 |
| Cheap Valparaiso 2 Bedroom Apartments | $1,579 | $1,086 | $2,452 |
| Cheap Valparaiso 3 Bedroom Apartments | $2,025 | $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: 02/27/2026Current 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 | $1,811 | $938 | 88 |
| Banta | $1,935 | $938 | 30 |
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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Viewpointe Apartment Homes | A-Studio | Studio,1BA | $938 |
| Avery Glen Apartments | 1X1 | 1BR,1BA | $1,056 |
| Chandana Pointe Apartments | The Florencia | 1BR,1BA | $1,125 |
| Uptown East | 1X1 S | 1BR,1BA | $1,145 |
| Andover Park | 1 Bedroom, 1 Bath - Floor Plan A | 1BR,1BA | $1,149 |
| Vale Park Village | Studio | Studio,1BA | $1,175 |
| The Linc Valpo | The Jefferson | 1BR,1BA | $1,199 |
| Covington Square | 1bed | 1BR,1BA | $1,255 |
| Woodside Village Apartments | 2 Bedroom, 1 Bath | 2BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Enclave | The Indigo | 2BR,2BA | $1.42 |
| Village Green Townhomes | 2 bed 2 1/2 bath | 2BR,2.5BA | $1.39 |
| Compass Pointe Apartments | Cozumel | 2BR,2BA | $1.62 |
| 212 Logan St | 212 Logan St | 2BR,1BA | $1.30 |
| Hills of Aberdeen Apartment Homes | One Bedroom - 850 sqft | 1BR,1BA | $1.75 |
| Chandana Pointe Apartments | The Florencia | 1BR,1BA | $1.44 |
| Woodside Village Apartments | 2 Bedroom, 1 Bath | 2BR,1BA | $1.73 |
| Avery Glen Apartments | 1X1 | 1BR,1BA | $1.41 |
| Covington Square | 1bed | 1BR,1BA | $1.77 |
| Andover Park | 1 Bedroom, 1 Bath - Floor Plan A | 1BR,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.
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 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

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.

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.