602 Indiana Ave
ValparaisoIN46383
Cheap Apartments for Rent in the Downtown Valparaiso Neighborhood of Valparaiso, IN from $500 (19 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Valparaiso area of Valparaiso.
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$938 - $1,185Studio to 2 Bedroom Apartments Available Now
Viewpointe Apartment Homes
201 Sturdy RdValparaiso, IN 46383
703 Elm St
ValparaisoIN46383
360 College Ave
ValparaisoIN46383
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$1,056 - $1,2011 to 2 Bedroom Apartments Available Now
Avery Glen Apartments
506 Glendale BlvdValparaiso, IN 46383
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$1,095 - $1,7751 to 2 Bedroom Apartments Available Now
The VIC
204 N Michigan AveValparaiso, IN 46383
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
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$1,100
Total Monthly Price
2 Bedroom Apartment Available NowTotal Monthly Price
Base Rent
$1,100
Total Monthly Price
$1,100
7 Garfield Ave, Unit #3
7 Garfield AveValparaiso, IN 46383
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Studio to 3 Bedroom Apartments
Pioneer Apartments
101 Chicago StValparaiso, IN 46383
807 Wood St
ValparaisoIN46383
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1 to 2 Bedroom Apartments
Colombia Apartments
500 Indiana AveValparaiso, IN 46383
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1 Bedroom Apartments
Jefferson Apartments
52-54 College AveValparaiso, IN 46383
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Studio Apartments
610 Union St
610 Union StValparaiso, IN 46383
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
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1 Bedroom Apartments
555 Locust St
555 S Locust StValparaiso, IN 46383
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Studio Apartments
353 Morgan Blvd
353 Morgan BlvdValparaiso, IN 46383
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1 Bedroom Apartments
357 Greenwich St
357 Greenwich StValparaiso, IN 46383
256 College Ave
ValparaisoIN46383
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Studio to 1 Bedroom Apartments
361 Locust St Valparaiso, IN
361 Locust StValparaiso, IN 46383
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Studio to 3 Bedroom Apartments
205 Michigan
205 Michigan AveValparaiso, IN 46383
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.
204 Brown St, Unit 2
204 Brown St
ValparaisoIN46383
Showing Results 1-19, Page 1 of 1
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 | $990 | $938 | $1,200 |
| Downtown Valparaiso 1 Bedroom Apartments | $1,371 | $925 | $1,776 |
| Downtown Valparaiso 2 Bedroom Apartments | $1,607 | $975 | $2,335 |
| Downtown Valparaiso 3 Bedroom Apartments | $2,132 | $1,625 | $3,700 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Apartments in this Neighborhood
There are currently 19 rentals with your search options within a 2 mile radius of the Downtown Valparaiso Neighborhood of Valparaiso, IN.
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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. Avery Glen Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,056. 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 |
| Avery Glen Apartments | 1X1 | 1BR,1BA | $1,056 |
| The VIC | The Vic. | 1BR,1BA | $1,095 |
| Uptown East | 1X1 S | 1BR,1BA | $1,145 |
| Vale Park Village | Studio | Studio,1BA | $1,200 |
Best Value Apartments for Rent in Downtown Valparaiso, IN
As of August 29, 2026 the best value apartment in the Downtown Valparaiso area is the $1.18 price per square foot 105 Garfield Ave Model at 105 Garfield Ave, Unit Garfield in the in the Banta neighborhood starting from $1,775. The second greatest value Downtown Valparaiso apartment is the K1 Model at The Lakes of Valparaiso starting at $2,664 with a $1.81 price per square foot in the Porter County 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. |
|---|---|---|---|
| 105 Garfield Ave, Unit Garfield | 105 Garfield Ave | 3BR,1.5BA | $1.18 |
| The Lakes of Valparaiso | K1 | 3BR,2BA | $1.81 |
| Chandana Pointe Apartments | The Tuscany | 2BR,2BA | $1.36 |
| 210 Logan St, Unit 2 | 210 Logan St | 2BR,1BA | $1.36 |
| 7 Garfield Ave, Unit #3 | 7 Garfield Ave | 2BR,1BA | $1.29 |
| The VIC | The Vic. | 1BR,1BA | $1.46 |
| Avery Glen Apartments | 1X1 | 1BR,1BA | $1.41 |
| Williamsburg Valparaiso | One Bedroom Apartment | 1BR,1BA | $1.72 |
| Golfview Apartments | G1B1B | 1BR,1BA | $2.15 |
| Vale Park Village | Studio | Studio ,1BA | $2.05 |
Frequently Asked Questions about Cheap Downtown Valparaiso Apartments
What is a cheap apartment in Downtown Valparaiso?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown Valparaiso is under $1,355.
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 $1,056, while the average apartment in Downtown Valparaiso costs $1,535.
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 10 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 $348 which is $1,187 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
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.
First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
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.