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


54 College Ave

Viewpointe Apartment Homes

205 Michigan

Avery Glen Apartments

Uptown East

Chandana Pointe Apartments

Williamsburg Valparaiso
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Total Monthly Price
519 Union St, Unit Garden Unit

The Linc Valpo

Total Monthly Price
212 Logan St

Compass Pointe Apartments

Golfview Apartments

Vale Park Village

Preserve at Grande Oaks Apartment Homes

Woodside Village Apartments
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The Lakes of Valparaiso

Village Green Townhomes

Covington Square

Pioneer Apartments

807 Wood St

Colombia Apartments

Jefferson Apartments

555 Locust St
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353 Morgan Blvd

602 Indiana Ave

357 Greenwich St

361 Locust St Valparaiso, IN

501 Union St

204 Brown St

353 Morgan Blvd, Unit 3

The VIC
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The Lincoln
Downtown Valparaiso, Valparaiso, IN Local Guide

How much does it cost to rent an apartment in Downtown Valparaiso?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Valparaiso Studio Apartments | $882 | $830 | $938 |
| Downtown Valparaiso 1 Bedroom Apartments | $1,397 | $940 | $1,770 |
| Downtown Valparaiso 2 Bedroom Apartments | $1,634 | $1,134 | $2,641 |
| Downtown Valparaiso 3 Bedroom Apartments | $2,048 | $1,625 | $3,353 |
Browse Apartments in this Neighborhood
There are currently 33 rentals with your search options within a 2 mile radius of the Downtown Valparaiso Neighborhood of Valparaiso, IN.
See all Apartments in ValparaisoExplore Valparaiso
Cheapest Available Downtown Valparaiso Apartments for Rent
 The cheapest available apartment rental in the Downtown Valparaiso area of Valparaiso, IN is a Studio unit found at Viewpointe Apartment Homes priced from $938. 205 Michigan has the second lowest priced unit, which is a 1 Bed apartment currently listed from $940. Here are the most affordable Downtown Valparaiso apartments for rent in Valparaiso, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Viewpointe Apartment Homes | A-Studio | Studio,1BA | $938 |
| 205 Michigan | 1 Bed, 1 bath | 1BR,1BA | $940 |
| The Linc Valpo | The Jefferson | 1BR,1BA | $1,270 |
| Golfview Apartments | G1B1B | 1BR,1BA | $1,313 |
| Chandana Pointe Apartments | The Tuscany | 2BR,2BA | $1,355 |
| Woodside Village Apartments | 2 Bedroom, 1 Bath | 2BR,1BA | $1,459 |
| The Lakes of Valparaiso | D2 | 1BR,1BA | $1,696 |
| Covington Square | 3bedth | 3BR,1BA | $1,725 |
Best Value Apartments for Rent in Downtown Valparaiso, IN
As of July 12, 2026 the best value apartment in the Downtown Valparaiso area is the $2.56 price per square foot St. Lucia - Furnished Model at Compass Pointe Apartments in the in the Porter County neighborhood starting from $3,353. The second greatest value Downtown Valparaiso apartment is the 3 Beds, 2 baths Model at 205 Michigan starting at $1,775 with a $1.48 price per square foot in the Banta neighborhood. Here is today’s list of the best values for Downtown Valparaiso apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Compass Pointe Apartments | St. Lucia - Furnished | 3BR,2BA | $2.56 |
| 205 Michigan | 3 Beds, 2 baths | 3BR,2BA | $1.48 |
| Covington Square | 3bedth | 3BR,1.5BA | $1.44 |
| The Lakes of Valparaiso | E1 | 2BR,2BA | $2.02 |
| Chandana Pointe Apartments | The Tuscany | 2BR,2BA | $1.36 |
| 212 Logan St | 212 Logan St | 2BR,1BA | $1.30 |
| Woodside Village Apartments | 2 Bedroom, 1 Bath | 2BR,1BA | $1.89 |
| Golfview Apartments | G1B1B | 1BR,1BA | $2.15 |
| The Linc Valpo | The Jefferson | 1BR,1BA | $3.05 |
| Viewpointe Apartment Homes | A-Studio | Studio ,1BA | $2.35 |
Frequently Asked Questions about Cheap Downtown Valparaiso Apartments
What is the price of a cheap apartment in Downtown Valparaiso?
The cheapest apartment in Downtown Valparaiso is 205 Michigan which is listed at $940, while the average apartment in Downtown Valparaiso costs $2,069.
What types of apartments are the cheapest in Downtown 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 12 regular apartments in Downtown 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 Downtown Valparaiso?
Cheap apartments in Downtown Valparaiso have an average cost of $248 which is $1,821 cheaper than the average rent for all rentals in Downtown 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

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Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
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There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.