Cheap Apartments for Rent near Velpen, IN from $600 (38 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
  • Utilities Included
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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
property at 1520 Main St
$675 - $750
1 To 2 Bedroom Rentals
Available Now

1520 Main St

VincennesIN47591
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Princeton Court
Studio to 2 Bedroom Apartments

Princeton Court

103 Princeton CtEvansville, IN 47715
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Ironton at Shoals
Studio to 2 Bedroom Apartments

Ironton at Shoals

11708 Ironton RdShoals, IN 47581
Senior Living
  • Utilities Included

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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Eastland Apartments
1 to 2 Bedroom Apartments

Eastland Apartments

5308 Eden DrEvansville, IN 47715
  • Utilities Included
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West Baden Lofts
2 to 3 Bedroom Apartments

West Baden Lofts

942 N Main StWest Baden Springs, IN 47469
  • Utilities Included

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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Andrea Court North
2 Bedroom Apartments

Andrea Court North

8955 Andrea CtNewburgh, IN 47630
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Showing Results 1-38, 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 Valoré at Hidden Hills in the Outer Central North neighborhood priced from $675. Meadowood in the Warrick County neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $720. Here is today’s list of the most affordable Velpen apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Valoré at Hidden HillsThe Dogwood - One Bedroom Apartment Home1BR, 1BA$675
MeadowoodStudio RenoStudio, 1BA$720
Devonshire Gardens I & IIII 1 Bed 1 Bath A1BR, 1BA$785
North ParkMcCallister1BR, 1BA$799
Abbey Court ApartmentsCambridge1BR, 1BA$799
The Timbers ApartmentsThe Oak 1 BR 1 BA1BR, 1BA$826
Ironton at Shoals2 Beds, 1 Baths2BR, 1BA$850
Kimber Green ApartmentsThe Maple (Up)1BR, 1BA$899
Brooklyn PlaceAshford1BR, 1BA$949
Ashley PointeOne Bedroom Apartment1BR, 1BA$953

Best Value Apartments for Rent in Velpen, IN and Nearby

As of September 29, 2026 the best value apartment in the Velpen area is the $1.08 price per square foot 3BR/2.0BA Model at Apartments@41 in the Business 41 neighborhood starting from $1,500. The second greatest value Velpen apartment is the Model Model at Weinbach Manor Apartments in the Lincoln-Bellemeade neighborhood starting at $1,250 with a $1.04 price per square foot. 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.
Apartments@413BR/2.0BA3BR, 2BA$1.08
Weinbach Manor ApartmentsModel2BR, 2BA$1.04
River ClubDelaware - Renovated2BR, 1BA$1.16
Vail Estates ApartmentsTwo Bedroom One Bathroom2BR, 1BA$1.10
Terra Trace Apartments2x1.5-9362BR, 1.5BA$1.12
Andrea Court NorthAndrea Court North2BR, 1BA$1.08
Addison PlaceSt Charles2BR, 1BA$1.15
Kimber Green ApartmentsThe Maple (Up)1BR, 1BA$1.15
Ironton at Shoals2 Beds, 1 Baths2BR, 1BA$1.13
North ParkMcCallister1BR, 1BA$1.07

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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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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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 $675 at Valoré at Hidden Hills.

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 $850 at Ironton at Shoals.

What is the most affordable Velpen Three Bedroom Apartment?

The best deal on a cheap Velpen Three Bedroom Apartment rental is at Baldwin Heights and starts from $1,280.

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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How Commercial-to-Residential Property Conversions Help the Housing Crisis

Written by: Robin Stewart

Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.