Cheap Apartments for Rent in Wallace, IN from $400 (52 Rentals)

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

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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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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property at 210 Whitlock Ave

$595 - $895

1 To 2 Bedroom Rentals

Available Now

210 Whitlock Ave

CrawfordsvilleIN47933

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

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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2204 Alpha Dr
1 Bedroom Apartments

2204 Alpha Dr

2204 Alpha DrDanville, IL 61832
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The Vintage
Studio Apartments

The Vintage

230 S Grant StWest Lafayette, IN 47906
Student Housing
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Washington Square
1 to 2 Bedroom Apartments

Washington Square

614 S Washington StCrawfordsville, IN 47933

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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2803 S. Beck Lane
Studio to 1 Bedroom Apartments

2803 S. Beck Lane

2803-2807 Beck LnLafayette, IN 47909
  • Utilities Included
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202 E Crockett
2 Bedroom Apartments

202 E Crockett

202 Crockett StCatlin, IL 61817

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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Showing Results 1-50, Page 1 of 2

Wallace, IN Local Guide

Cheapest Available Wallace Apartments for Rent and Nearby

 

The cheapest available apartment rental in Wallace, IN is a 1 Bed unit found at Brookhaven priced from $717. Waterview Estates has the second lowest priced unit, which is a 1 Bed apartment currently listed from $730. Here is today’s list of the most affordable Wallace apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Brookhaven1 Bed/ 1 Bath1BR,1BA$717
Waterview Estates1x1Waterview Estates1BR,1BA$730
The Verander1Br1BR,1BA$732
The Grove1BR1BR,1BA$816
Pheasant RunThe Quail Run 1 BR 1 BA1BR,1BA$820
Cloverdale Heights1 BR/ 1 BA (includes $30 water sewer trash)1BR,1BA$890
Georgetown South1 Bedroom1BR,1BA$900
Townhomes on Main3x2-50%3BR,2BA$927
Vantage Pointe Apartments1x1 R1BR,1BA$955
Winfield Farms - Garages Available1 Bedroom1BR,1BA$975

Best Value Apartments for Rent in Wallace, IN and Nearby

As of June 12, 2026 the best value apartment in the Wallace area is the $0.81 price per square foot 3x2-80% Model at Townhomes on Main in the starting from $1,205. The second greatest value Wallace apartment is the 4BR - D1 Model at EVER West Lafayette starting at $1,469 with a $1.19 price per square foot in the Discovery Park neighborhood. 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.
Townhomes on Main3x2-80%3BR,2BA$0.81
EVER West Lafayette4BR - D14BR,4BA$1.19
Devonshire Village2 Bed 2 Bath Sm Apt2BR,2BA$1.09
Shadeland Estates(Adventure) Shadeland Estates New Homes 3bd/2bt...3BR,2BA$1.14
Cypress SquareB12BR,1BA$1.33
Cross Winds Apartments1 Bed/1 Bath1BR,1BA$1.31
Georgetown South2 Bedroom2BR,1BA$1.31
The Grove2BR2BR,1BA$1.35
Waterview Estates1x1Waterview Estates1BR,1BA$1.09
2712BR/1.0BA2BR,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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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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Quick 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.

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

Explore Wallace, IN Rentals by Map

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See the most popular apartments and homes in Wallace, IN

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Frequently Asked Questions about Cheap Wallace Apartments

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

The lowest price for a Cheap One Bedroom Wallace Apartment is $717 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 $800 at Brookhaven.

What is the most affordable Wallace Three Bedroom Apartment?

The best deal on a cheap Wallace Three Bedroom Apartment rental is at Townhomes on Main and starts from $927.

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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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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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.

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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.

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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.