
Cheap Apartments for Rent in the Downtown Valparaiso Neighborhood of Valparaiso, IN from $500 (11 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Valparaiso area of Valparaiso.


Pioneer Apartments

Colombia Apartments

Jefferson Apartments

610 Union St
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.

555 Locust St

353 Morgan Blvd

357 Greenwich St

205 Michigan

56 Erie 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.

361 Locust St Valparaiso, IN
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 | $1,056 | $938 | $1,175 |
| Downtown Valparaiso 1 Bedroom Apartments | $1,382 | $1,011 | $1,787 |
| Downtown Valparaiso 2 Bedroom Apartments | $1,578 | $1,100 | $2,394 |
| Downtown Valparaiso 3 Bedroom Apartments | $1,955 | $1,290 | $2,577 |
Browse Apartments in this Neighborhood
There are currently 11 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 1 Bed unit found at Chandana Pointe Apartments priced from $1,125. Uptown East has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,145. Here are the most affordable Downtown Valparaiso apartments for rent in Valparaiso, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Chandana Pointe Apartments | The Florencia | 1BR,1BA | $1,125 |
| Uptown East | 1X1 S | 1BR,1BA | $1,145 |
| Viewpointe Apartment Homes | J-2 BD | 2BR,1BA | $1,165 |
| Vale Park Village | Studio | Studio,1BA | $1,175 |
| The Linc Valpo | The Jefferson | 1BR,1BA | $1,199 |
Best Value Apartments for Rent in Downtown Valparaiso, IN
As of April 08, 2026 the best value apartment in the Downtown Valparaiso area is the $1.20 price per square foot 2X1 Model at Avery Glen Apartments in the in the Downtown Valparaiso neighborhood starting from $1,201. The second greatest value Downtown Valparaiso apartment is the Two Bedroom Townhome Model at Williamsburg Valparaiso starting at $1,434 with a $1.44 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Avery Glen Apartments | 2X1 | 2BR,1BA | $1.20 |
| Williamsburg Valparaiso | Two Bedroom Townhome | 2BR,1.5BA | $1.44 |
| Viewpointe Apartment Homes | J-2 BD | 2BR,1BA | $1.35 |
| Chandana Pointe Apartments | The Florencia | 1BR,1BA | $1.44 |
| Golfview Apartments | G2B1B | 2BR,1BA | $1.95 |
| Woodside Village Apartments | 2 Bedroom, 1 Bath | 2BR,1BA | $1.74 |
| Preserve at Grande Oaks Apartment Homes | 1X1 | 1BR,1BA | $1.90 |
| Covington Square | 1bed | 1BR,1BA | $1.77 |
| 7 Garfield Ave, Unit #3 | 7 Garfield Ave | 2BR,1BA | $1.71 |
| Uptown East | 1X1 D | 1BR,1BA | $1.94 |
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 Chandana Pointe Apartments which is listed at $1,125, while the average apartment in Downtown Valparaiso costs $1,855.
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 21 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 $325 which is $1,530 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

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.