Cheap Apartments for Rent near Velpen, IN from $500 (37 Rentals)

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Search the lowest-cost Apartments available for rent right now in Velpen.

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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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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Shannon Glenn
Studio to 3 Bedroom Apartments

Shannon Glenn

280 Shamrock CtEvansville, IN 47715
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Fairmont Apartments
Studio to 2 Bedroom Apartments

Fairmont Apartments

4982-4984 Tippecanoe DrEvansville, IN 47715
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SPRING VALLEY FLATS
1 to 2 Bedroom Apartments

SPRING VALLEY FLATS

4400 Spring Valley RdEvansville, IN 47710
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1900 N Willow Rd
1 to 3 Bedroom Apartments

1900 N Willow Rd

1900 N Willow RdEvansville, IN 47711
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Princeton Court
Studio to 2 Bedroom Apartments

Princeton Court

103 Princeton CtEvansville, IN 47715

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.

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property at 1520 Main St

$675 - $750

1 To 2 Bedroom Rentals

Available Sep 1

1520 Main St

VincennesIN47591
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Eastland Apartments
1 to 2 Bedroom Apartments

Eastland Apartments

5308 Eden DrEvansville, IN 47715
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Ironton at Shoals
Studio to 2 Bedroom Apartments

Ironton at Shoals

11708 Ironton RdShoals, IN 47581
Senior Living
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West Baden Lofts
2 to 3 Bedroom Apartments

West Baden Lofts

942 N Main StWest Baden Springs, IN 47469
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Andrea Court North
2 Bedroom Apartments

Andrea Court North

8955 Andrea CtNewburgh, IN 47630
Senior Living

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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Showing Results 1-37, Page 1 of 1

Velpen, IN Local Guide

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 $599. Valoré at Hidden Hills in the Outer Central North neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $675. Here is today’s list of the most affordable Velpen apartments for rent:

Apartment ListingModel NameBed/BathPriced From
SPRING VALLEY FLATSThe Redbud1BR,1BA$599
Valoré at Hidden HillsThe Dogwood - One Bedroom Apartment Home1BR,1BA$675
Princeton Court1 Bed 1 Bath1BR,1BA$675
Shannon GlennMcConnell2BR,1BA$710
MeadowoodStudio RenoStudio,1BA$720
Addison PlaceWindsor1BR,1BA$749
Devonshire Gardens I & IIII 1 Bed 1 Bath A1BR,1BA$785
Abbey Court ApartmentsCambridge1BR,1BA$799
The Timbers ApartmentsThe Oak 1 BR 1 BA1BR,1BA$815
Ironton at Shoals2 Beds, 1 Baths2BR,1BA$850

Best Value Apartments for Rent in Velpen, IN and Nearby

As of August 09, 2026 the best value apartment in the Velpen area is the $1.07 price per square foot Prime Living at Its Finest: Luxurious Stand-Alo... Model at Circle Point Villas in the in the Gibson County neighborhood starting from $1,650. The second greatest value Velpen apartment is the Kensington Model at North Park starting at $1,149 with a $0.96 price per square foot in the Mt Auburn neighborhood. Here is today’s list of the best values for Velpen apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Circle Point VillasPrime Living at Its Finest: Luxurious Stand-Alo...3BR,2BA$1.07
North ParkKensington2BR,1.5BA$0.96
Kimber Green ApartmentsThe Willow Townhome2BR,1.5BA$1.10
River ClubDelaware - Renovated2BR,1BA$1.16
Baldwin Heights2 Bedroom2BR,1BA$1.10
Vail Estates ApartmentsTwo Bedroom One Bathroom2BR,1BA$1.10
Andrea Court NorthAndrea Court North2BR,1BA$1.03
Ironton at Shoals2 Beds, 1 Baths2BR,1BA$1.13
Abbey Court ApartmentsCambridge1BR,1BA$1.08
Addison PlaceWindsor1BR,1BA$1.13

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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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Velpen, IN Rentals by Map

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See the most popular apartments and homes in Velpen, IN

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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 $599 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 $710 at Shannon Glenn.

What is the most affordable Velpen Three Bedroom Apartment?

The best deal on a cheap Velpen Three Bedroom Apartment rental is at Pavilion Lakes Apartments and starts from $1,249.

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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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.

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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.