Cheap Apartments for Rent in Velpen, IN from $500 (18 Rentals)

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

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.

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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Shannon Glenn
Studio to 3 Bedroom Apartments

Shannon Glenn

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

Fairmont Apartments

4982-4984 Tippecanoe DrEvansville, IN 47715
  • Utilities Included
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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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Ironton at Shoals
Studio to 2 Bedroom Apartments

Ironton at Shoals

11708 Ironton RdShoals, IN 47581
  • Utilities Included

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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Eastland Apartments
1 to 2 Bedroom Apartments

Eastland Apartments

5308 Eden DrEvansville, IN 47715
  • Utilities Included

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 $695. Addison Place in the Lincoln-Bellemeade neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $699. Here is today’s list of the most affordable Velpen apartments for rent:

Apartment ListingModel NameBed/BathPriced From
SPRING VALLEY FLATSThe Redbud1BR,1BA$695
Addison PlaceWindsor1BR,1BA$699
Devonshire Gardens I & IIII 1 Bed 1 Bath B1BR,1BA$775
Ironton at Shoals1 Beds, 1 Baths1BR,1BA$795
North ParkHarrington2BR,1BA$799

Best Value Apartments for Rent in Velpen, IN and Nearby

As of October 09, 2025 the best value apartment in the Velpen area is the $1.04 price per square foot 3BR Villa Model at Circle Point Villas in the starting from $1,595. The second greatest value Velpen apartment is the 2BR/2.0BA Model at Apartments@41 starting at $1,350 with a $1.11 price per square foot in the Business 41 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 Villas3BR Villa3BR,2BA$1.04
Apartments@412BR/2.0BA2BR,2BA$1.11
Pavilion Lakes ApartmentsThe Monroe2BR,1.5BA$1.15
Vail Estates ApartmentsTwo Bedroom One Bathroom2BR,1BA$1.08
North ParkBerkshire2BR,1.5BA$1.00
West Baden Lofts2 bedroom2BR,2BA$0.95
Addison PlaceSt Charles2BR,1BA$1.12
Naveen Pine ApartmentsCozy Two Bedroom Apartment Home2BR,1BA$1.12
Abbey Court ApartmentsLiverpool1BR,1BA$1.19
Devonshire Gardens I & IIII 1 Bed 1 Bath C1BR,1BA$1.16

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Pet Friendly Lifestyle
Velpen, IN

Ranked #572

Among cities in Indiana for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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

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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 $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 $799 at North Park.

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 $1,499.

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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.