305 Oak St
ValparaisoIN46383
Cheap Apartments for Rent in the Downtown Valparaiso Neighborhood of Valparaiso, IN from $500 (31 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Valparaiso area of Valparaiso.
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$938 - $1,165Studio to 2 Bedroom Apartments Available Now
Viewpointe Apartment Homes
201 Sturdy RdValparaiso, IN 46383
54 College Ave
ValparaisoIN46383
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$1,056 - $1,2011 to 2 Bedroom Apartments Available Jun 15
Avery Glen Apartments
506 Glendale BlvdValparaiso, IN 46383
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$1,125 - $1,8751 to 3 Bedroom Apartments Available Now
Chandana Pointe Apartments
1600 Pointe DrValparaiso, IN 46383
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$1,145 - $2,0621 to 3 Bedroom Apartments Available Now
Uptown East
1401 Lincolnway AveValparaiso, IN 46383
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$1,235 - $1,9661 to 3 Bedroom Apartments Available Jun 12
Williamsburg Valparaiso
2810 Winchester DrValparaiso, IN 46383
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
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$1,270 - $1,4111 to 3 Bedroom Apartments Available Now
The Linc Valpo
215 E LincolnwayValparaiso, IN 46383
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$1,308 - $3,3911 to 3 Bedroom Apartments Available Now
Compass Pointe Apartments
2210 Beech StValparaiso, IN 46383
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$1,313 - $1,6981 to 2 Bedroom Apartments Available Now
Golfview Apartments
453 Golfview BlvdValparaiso, IN 46385
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$1,325 - $1,750Studio to 3 Bedroom Apartments Available Jun 19
Vale Park Village
907 Vale Park RdValparaiso, IN 46383
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$1,374 - $1,8741 to 3 Bedroom Apartments Available Now
Preserve at Grande Oaks Apartment Homes
1302 Eisenhower RdValparaiso, IN 46383
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$1,395 - $8,6161 to 3 Bedroom Apartments Available Now
The Lakes of Valparaiso
1715 Lake Michigan DrValparaiso, IN 46383
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$1,425 - $1,8252 to 3 Bedroom Apartments Available Jul 1
Village Green Townhomes
1602 Valparaiso StValparaiso, IN 46383
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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$1,675 - $1,7353 Bedroom Apartments Available Now
Covington Square
1710 Vale Park RdValparaiso, 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
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1 Bedroom Apartments
555 Locust St
555 S Locust StValparaiso, IN 46383
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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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
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Studio to 3 Bedroom Apartments
205 Michigan
205 Michigan AveValparaiso, IN 46383
207 Monroe St
ValparaisoIN46383
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Studio to 1 Bedroom Apartments
361 Locust St Valparaiso, IN
361 Locust StValparaiso, IN 46383
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2 Bedroom Apartments
501 Union St
501 Union StValparaiso, IN 46383
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Studio to 2 Bedroom Apartments
204 Brown St
204 Brown StValparaiso, IN 46383
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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Studio to 2 Bedroom Apartments
The VIC
204 N Michigan AveValparaiso, IN 46383
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2 Bedroom Apartments
The Lincoln
53 Michigan AveValparaiso, IN 46383
353 South Morgan Boulevard, Unit 1, Unit 1
353 South Morgan Boulevard
ValparaisoIN46383
Showing Results 1-31, 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 | $938 | $938 | $938 |
| Downtown Valparaiso 1 Bedroom Apartments | $1,382 | $995 | $1,677 |
| Downtown Valparaiso 2 Bedroom Apartments | $1,580 | $1,134 | $2,196 |
| Downtown Valparaiso 3 Bedroom Apartments | $2,040 | $1,290 | $3,391 |
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 31 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 1 Bed unit found at Viewpointe Apartment Homes priced from $1,011. 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Viewpointe Apartment Homes | B-1 BD | 1BR,1BA | $1,011 |
| Chandana Pointe Apartments | The Florencia | 1BR,1BA | $1,125 |
| Uptown East | 1X1 S | 1BR,1BA | $1,145 |
| The Linc Valpo | The Jefferson | 1BR,1BA | $1,270 |
| The Lakes of Valparaiso | A2 | 1BR,1BA | $1,395 |
| Golfview Apartments | G1B1BL | 1BR,1BA | $1,411 |
| Preserve at Grande Oaks Apartment Homes | 2x2 | 2BR,2BA | $1,672 |
| Covington Square | 3bedth | 3BR,1BA | $1,675 |
| Compass Pointe Apartments | St. Lucia - Furnished | 3BR,2BA | $3,391 |
Best Value Apartments for Rent in Downtown Valparaiso, IN
As of May 26, 2026 the best value apartment in the Downtown Valparaiso area is the $2.59 price per square foot St. Lucia - Furnished Model at Compass Pointe Apartments in the in the Downtown Valparaiso neighborhood starting from $3,391. The second greatest value Downtown Valparaiso apartment is the 3bedth Model at Covington Square starting at $1,675 with a $1.40 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. |
|---|---|---|---|
| Compass Pointe Apartments | St. Lucia - Furnished | 3BR,2BA | $2.59 |
| Covington Square | 3bedth | 3BR,1.5BA | $1.40 |
| Preserve at Grande Oaks Apartment Homes | 2x2 | 2BR,2BA | $1.61 |
| Chandana Pointe Apartments | The Florencia | 1BR,1BA | $1.44 |
| Golfview Apartments | G2B1B | 2BR,1BA | $1.97 |
| The Lakes of Valparaiso | B2 | 1BR,1BA | $1.88 |
| Uptown East | 1X1 S | 1BR,1BA | $1.89 |
| Viewpointe Apartment Homes | B-1 BD | 1BR,1BA | $1.84 |
| The Linc Valpo | The Jefferson | 1BR,1BA | $3.05 |
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 Viewpointe Apartment Homes which is listed at $1,011, while the average apartment in Downtown Valparaiso costs $1,963.
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 26 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 $511 which is $1,452 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
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
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.