Cheap Homes for Rent in Valparaiso, IN from $600 (9 Rentals)

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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.

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.

Valparaiso, IN Local Guide

Cheapest Neighborhoods for Apartments in Valparaiso, IN

Pricing Updated: 07/27/2026

Current apartment rentals in the Valparaiso, IN area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Valparaiso Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Downtown Valparaiso$1,911$83023
Banta$1,918$8309

Cheapest Available Valparaiso Apartments for Rent

 

The cheapest available apartment rental in Valparaiso, IN is a 1 Bed unit found at State Place Apartment Homes in the Porter County neighborhood priced from $1,005. 205 Michigan in the Banta neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,100. Here is today’s list of the most affordable Valparaiso apartments for rent:

Apartment ListingModel NameBed/BathPriced From
State Place Apartment Homes1X11BR,1BA$1,005
205 Michigan1 Bed, 1 bath1BR,1BA$1,100
The Linc ValpoThe Jefferson1BR,1BA$1,270

Best Value Apartments for Rent in Valparaiso, IN

As of July 27, 2026 the best value apartment in the Valparaiso area is the $1.27 price per square foot The Indigo Model at The Enclave in the in the Porter County neighborhood starting from $1,675. The second greatest value Valparaiso apartment is the 3 Beds, 1.5 Baths Model at 678 Dearborn Rd starting at $1,625 with a $1.26 price per square foot in the Porter County neighborhood. Here is today’s list of the best values for Valparaiso apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The EnclaveThe Indigo2BR,2BA$1.27
678 Dearborn Rd3 Beds, 1.5 Baths3BR,1.5BA$1.26
Hills of Aberdeen Apartment HomesTwo Bedroom 2 Bath2BR,2BA$1.44
Chandana Pointe ApartmentsThe Tuscany2BR,2BA$1.36
212 Logan St212 Logan St2BR,1BA$1.30
Andover Park2 Bedroom, 1 Bath2BR,1BA$1.52
519 Union St, Unit Garden Unit519 Union St2BR,1BA$1.33
Vale Park Village1 Bedroom 1 Bath1BR,1BA$1.71
205 Michigan1 Bed, 1 bath1BR,1BA$1.57
State Place Apartment Homes1X11BR,1BA$1.77

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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Frequently Asked Questions about Valparaiso

What type of rentals are currently available in Valparaiso?

There are currently 94 Apartments for Rent in Valparaiso, IN with pricing that ranges from $830 to $3,353. There are also 42 Single Family Homes for rent, Condos, and Townhome rentals currently available in Valparaiso ranging from $650 to $3,500.

What is the current price range for Rental Homes in Valparaiso?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Valparaiso ranges from $650 to $3,500 with an average monthly rent of $1,888.

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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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.

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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.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

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.

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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.