Cheap Apartments for Rent in the Downtown Valparaiso Neighborhood of Valparaiso, IN from $500 (7 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Downtown Valparaiso area of 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
  • 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
  • Utilities Included
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610 Union St
Studio Apartments

610 Union St

610 Union StValparaiso, IN 46383
  • Smoke Free
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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

Downtown Valparaiso, Valparaiso, IN Local Guide

Cheapest Available Downtown Valparaiso Apartments for Rent

 

The cheapest available apartment rental in the Downtown Valparaiso area of Valparaiso, IN is a 1 Bed unit found at Avery Glen Apartments priced from $1,017. Chandana Pointe Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,125. Here are the most affordable Downtown Valparaiso apartments for rent in Valparaiso, IN:

Apartment ListingModel NameBed/BathPriced From
Avery Glen Apartments1X11BR,1BA$1,017
Chandana Pointe ApartmentsThe Florencia1BR,1BA$1,125
Viewpointe Apartment HomesJ-2 BD2BR,1BA$1,126

Best Value Apartments for Rent in Downtown Valparaiso, IN

As of December 31, 2025 the best value apartment in the Downtown 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 Downtown Valparaiso apartment is the 3bedth Model at Covington Square starting at $1,710 with a $1.43 price per square foot in the Downtown Valparaiso neighborhood. Here is today’s list of the best values for Downtown Valparaiso apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The VIC2 Beds, 2 baths2BR,2BA$1.25
Covington Square3bedth3BR,1.5BA$1.43
Windridge Village ApartmentsBaha3BR,2BA$1.53
Williamsburg ValparaisoTwo Bedroom Townhome2BR,1.5BA$1.42
Viewpointe Apartment HomesJ-2 BD2BR,1BA$1.31
Chandana Pointe ApartmentsThe Florencia1BR,1BA$1.44
The Lakes of ValparaisoA21BR,1BA$1.73
Woodside Village Apartments2 Bedroom, 1 Bath2BR,1BA$1.80
Vale Park Village1 Bedroom 1 Bath1BR,1BA$1.69
Avery Glen Apartments1X11BR,1BA$1.36

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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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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Pet Friendly Lifestyle
Downtown Valparaiso, Valparaiso, IN

Ranked #1

Among cities in Indiana for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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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 Avery Glen Apartments which is listed at $1,017, while the average apartment in Downtown Valparaiso costs $1,844.

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 9 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 $290 which is $1,554 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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How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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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.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!