
Cheap Homes for Rent in Wakarusa, IN from $700 (10 Rentals)
Search the lowest-cost Homes available for rent right now in Wakarusa.


1213 E Donald St

312 Stone Creek Dr

724 E Lawrence St

2804 Delaware St
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.

738 S 28th St

922 Ridgedale Rd

707 W Cleveland Ave

350 Stone Creek Dr

1729 E Calvert St
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.
Wakarusa, IN Local Guide

How much does it cost to rent a home in Wakarusa?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Wakarusa 2 Bedroom Homes for Rent | $1,258 | $1,050 | $1,700 |
| Wakarusa 3 Bedroom Homes for Rent | $1,639 | $1,200 | $2,300 |
| Wakarusa 4 Bedroom Homes for Rent | $2,242 | $1,750 | $2,900 |
Browse Top Homes for Rent in Wakarusa
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Wakarusa, IN Local Guide
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Cheapest Available Wakarusa Apartments for Rent and Nearby
 The cheapest available apartment rental in Wakarusa, IN is a 1 Bed unit found at Avalon West Apartment Homes in the Bower neighborhood priced from $870. Forest Glen Apartments in the Bower neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $895. Here is today’s list of the most affordable Wakarusa apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Avalon West Apartment Homes | Plan A | 1BR,1BA | $870 |
| Forest Glen Apartments | 1 Bed | 1BR,1BA | $895 |
| Cedarwood | One Bedroom | 1BR,1BA | $900 |
Best Value Apartments for Rent in Wakarusa, IN and Nearby
As of June 06, 2026 the best value apartment in the Wakarusa area is the $1.39 price per square foot 2BTH Model at Stonewater at the Riverwalk in the in the East Jackson neighborhood starting from $2,935. The second greatest value Wakarusa apartment is the 3 bed 2 bath 1600 sq ft Model at GREENLEAF starting at $1,525 with a $0.95 price per square foot in the East Jackson neighborhood. Here is today’s list of the best values for Wakarusa apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Stonewater at the Riverwalk | 2BTH | 2BR,3BA | $1.39 |
| GREENLEAF | 3 bed 2 bath 1600 sq ft | 3BR,2BA | $0.95 |
| River Pointe Apartments | Spindrift | 2BR,2BA | $1.09 |
| Walnut Trails Apartments | The Frasier | 2BR,2BA | $1.14 |
| Autumn Lakes Apartments and Townhomes | Two Bedroom Traditional | 2BR,2BA | $1.39 |
| The Highlands Apartments | Two Bedroom | 2BR,2BA | $1.39 |
| Forest Glen Apartments | 3 Bed | 3BR,1BA | $1.23 |
| Northway Manor | 2 Bedroom Townhouse | 2BR,1.5BA | $1.21 |
| Reflections Apartment Homes | 2X1 | 2BR,1BA | $1.32 |
| Arbors at Riverbend Apartments | 1 Bedroom | 1BR,1BA | $1.28 |
Top Neighborhoods to Rent Near Major Colleges and Universities in South Bend, IN
Find your ideal affordable rental near the University of Notre Dame, St. Mary's College, and Ivy Tech in South Bend, IN. Explore top neighborhoods now.
Read ArticleDon'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.
Read ArticleReal 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.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Wakarusa, IN Rentals by Map
See the most popular apartments and homes in Wakarusa, IN
Frequently Asked Questions about Wakarusa
What type of rentals are currently available in Wakarusa?
There are currently 42 Apartments for Rent in Wakarusa, IN with pricing that ranges from $605 to $3,500. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Wakarusa ranging from $768 to $2,900.
What is the current price range for Rental Homes in Wakarusa?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Wakarusa ranges from $768 to $2,900 with an average monthly rent of $1,627.
How much are larger Three and Four Bedroom Rentals in Wakarusa?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Wakarusa range from $940 to $3,200, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,200 to $2,300. Four Bedroom Single-Family rentals are also available starting from $1,750 and Four Bedroom Apartments start at $1,471.
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

The Expert List: South Bends 7 Most Livable and Affordable Neighborhoods
Written by: Chad Deitchley
As your ApartmentHomeLiving.com Local Expert for South Bend, Indiana I am happy to help you find an affordable place to live in this surprisingly vibrant and extremely livable city.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.