Cheap Apartments for Rent in Wallace, IN from $500 (63 Rentals)

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

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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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.

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Wallace, IN Local Guide

Cheapest Available Wallace Apartments for Rent and Nearby

 

The cheapest available apartment rental in Wallace, IN is a Studio unit found at Brookhaven priced from $525. Brunswick Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $625. Here is today’s list of the most affordable Wallace apartments for rent:

Apartment ListingModel NameBed/BathPriced From
BrookhavenStudioStudio,1BA$525
Brunswick ApartmentsStudioStudio,1BA$625
The Grove1 Bed 1 Bath1BR,1BA$726
Downtown Lafayette Living!Studio1BR,1BA$795
Townway Place1 Beds, 1 Baths1BR,1BA$850
Devonshire Village1 Bed 1 Bath1BR,1BA$900
202 E Crockett2 Bedroom2BR,1BA$945
Winfield Farms - Garages Available1 Bedroom1BR,1BA$975
Twyckenham ApartmentsOne bedroom1BR,1BA$995
Cross Winds Apartments1x1 800 Sq Ft1BR,1BA$1,000

Best Value Apartments for Rent in Wallace, IN and Nearby

As of September 13, 2025 the best value apartment in the Wallace area is the $1.39 price per square foot Grand Model at Avalon Bluffs in the starting from $2,200. The second greatest value Wallace apartment is the 2 Bed 2 Bath Private Entry Model at Devonshire Village starting at $1,450 with a $1.21 price per square foot . Here is today’s list of the best values for Wallace apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Avalon BluffsGrand3BR,2BA$1.39
Devonshire Village2 Bed 2 Bath Private Entry2BR,2BA$1.21
2351 State Road 25 W(Adventure) Shadeland Estates New Homes 3bd/2bt...3BR,2BA$1.09
Southridge CommonsB12BR,2BA$1.32
Cypress Square2BD/1BA2BR,1BA$1.30
Georgetown South2 Bedroom2BR,1BA$1.33
202 E Crockett2 Bedroom2BR,1BA$1.05
Deerfield Commons ApartmentsProphet2BR,1BA$1.40
Cross Winds Apartments1x1 800 Sq Ft1BR,1BA$1.25
The Grove1 Bed 1 Bath1BR,1BA$0.97

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

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Frequently Asked Questions about Cheap Wallace Apartments

What is the Cheapest Studio apartment in Wallace?

Currently the most affordable Cheap Studio Apartment in Wallace is at Brookhaven listed at $525.

How much is rent for a Cheap One Bedroom Wallace Apartment?

The lowest price for a Cheap One Bedroom Wallace Apartment is $650 at Brookhaven.

What is the lowest price for a Cheap Two Bedroom Wallace Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Wallace is starting from $725 at Brookhaven.

What is the most affordable Wallace Three Bedroom Apartment?

The best deal on a cheap Wallace Three Bedroom Apartment rental is at Brookhaven and starts from $975.

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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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.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

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.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.