
Cheap Apartments for Rent in Velpen, IN from $500 (17 Rentals)
Search the lowest-cost Apartments available for rent right now in Velpen.


Fielding Court
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.

SPRING VALLEY FLATS

Devonshire Gardens I & II

Park Place Apartments - 55+ Community

North Park
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Abbey Court Apartments

The Timbers Apartments

Bryce De Moray

Sugar Mill Creek
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
Velpen, IN Local Guide

How much does it cost to rent an apartment in Velpen?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Velpen Studio Apartments | $800 | $589 | $1,200 |
Velpen 1 Bedroom Apartments | $1,000 | $538 | $1,594 |
Velpen 2 Bedroom Apartments | $1,308 | $637 | $4,399 |
Velpen 3 Bedroom Apartments | $1,623 | $728 | $2,160 |
Velpen 4 Bedroom Apartments | $1,649 | $1,500 | $1,799 |
Browse Top Apartments in Velpen
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Velpen, IN Local Guide
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Cheapest Available Velpen Apartments for Rent and Nearby
The cheapest available apartment rental in Velpen, IN is a 1 Bed unit found at SPRING VALLEY FLATS in the Oakhill neighborhood priced from $695. Devonshire Gardens I & II in the Lant Manor neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $700. Here is today’s list of the most affordable Velpen apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
SPRING VALLEY FLATS | The Redbud | 1BR,1BA | $695 |
Devonshire Gardens I & II | II 1 Bed 1 Bath A | 1BR,1BA | $700 |
Ironton at Shoals | 1 Beds, 1 Baths | 1BR,1BA | $700 |
Park Place Apartments - 55+ Community | One Bedroom Unit | 1BR,1BA | $800 |
The Timbers Apartments | The Oak 1 BR 1 BA | 1BR,1BA | $847 |
Best Value Apartments for Rent in Velpen, IN and Nearby
As of July 28, 2025 the best value apartment in the Velpen area is the $1.15 price per square foot 2BR/2.0BA Model at Apartments@41 in the in the Business 41 neighborhood starting from $1,400. The second greatest value Velpen apartment is the Delaware II Model at River Club starting at $1,313 with a $1.30 price per square foot in the Lant Manor neighborhood. Here is today’s list of the best values for Velpen apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Apartments@41 | 2BR/2.0BA | 2BR,2BA | $1.15 |
River Club | Delaware II | 2BR,1BA | $1.30 |
Vail Estates Apartments | Two Bedroom One Bathroom | 2BR,1BA | $1.08 |
North Park | Harrington | 2BR,1BA | $1.02 |
Bell Pointe Apartments | One Bedroom | 1BR,1BA | $1.28 |
Naveen Pine Apartments | Cozy Two Bedroom Apartment Home | 2BR,1BA | $1.12 |
Westcott Apartments | 1 Bedroom | 1BR,1BA | $1.22 |
Abbey Court Apartments | Liverpool | 1BR,1BA | $1.06 |
Ironton at Shoals | 1 Beds, 1 Baths | 1BR,1BA | $1.08 |
Park Place Apartments - 55+ Community | One Bedroom Unit | 1BR,1BA | $1.27 |
Quick Rent Budget Calculator
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Pet Friendly LifestyleVelpen, IN
Ranked #572
Among cities in Indiana for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Remember the 3 Rules of Real Estate:Location, Location, Location!
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See the most popular apartments and homes in Velpen, IN
Frequently Asked Questions about Cheap Velpen Apartments
How much is rent for a Cheap One Bedroom Velpen Apartment?
The lowest price for a Cheap One Bedroom Velpen Apartment is $695 at SPRING VALLEY FLATS.
What is the lowest price for a Cheap Two Bedroom Velpen Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Velpen is starting from $925 at Naveen Pine Apartments.
What is the most affordable Velpen Three Bedroom Apartment?
The best deal on a cheap Velpen Three Bedroom Apartment rental is at Westcott Apartments and starts from $1,350.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.