
Cheap Homes for Rent near Wallace, IN from $400 (22 Rentals)
Search the lowest-cost Homes available for rent right now in Wallace.


1307 Lape St

1420 Cleveland Ave

1206.5 Robinson St

630 South St

2000 Indianapolis Rd

2403 E Main St
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.

604 N Main St

458 N 9th St

625.5 Commercial St

1224 E Williams St

21 S Beard St

18 Indiana St

907 Moore St
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.

218 Tennessee Ave

1016 Koehn Dr

917 E Seminary St

1204 Giddings St

6 National

413 N Beard St

830 Harrison St
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.

702 N 8th St
Wallace, IN Local Guide

How much does it cost to rent a home in Wallace?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Wallace 2 Bedroom Homes for Rent | $838 | $495 | $1,225 |
| Wallace 3 Bedroom Homes for Rent | $1,184 | $625 | $2,400 |
| Wallace 4 Bedroom Homes for Rent | $1,095 | $1,095 | $1,095 |
Browse Top Homes for Rent in Wallace
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Wallace, IN Local Guide
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Cheapest Available Wallace Apartments for Rent and Nearby
 The cheapest available apartment rental in Wallace, IN is a 1 Bed unit found at Southfork Apartments in the Discovery Park neighborhood priced from $499. Northwind has the second lowest priced unit, which is a 1 Bed apartment currently listed from $650. Here is today’s list of the most affordable Wallace apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Southfork Apartments | 1BR/1.0BA | 1BR,1BA | $499 |
| Northwind | The Hickory | 1BR,1BA | $650 |
| Wabash Shore Apartments | 1BR/1.0BA | 1BR,1BA | $699 |
| Brookhaven | 1 Bed/ 1 Bath | 1BR,1BA | $717 |
| Waterview Estates | 1x1Waterview Estates | 1BR,1BA | $730 |
Best Value Apartments for Rent in Wallace, IN and Nearby
As of July 28, 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Townhomes on Main | 3x2-80% | 3BR,2BA | $0.81 |
| EVER West Lafayette | 4BR - D1 | 4BR,4BA | $1.19 |
| Devonshire Village | 2 Bed 2 Bath Sm Apt | 2BR,2BA | $1.09 |
| The Ridge 2 | 2 Bed / 1 Bath | 2BR,1BA | $0.96 |
| Shadeland Estates | (Adventure) Shadeland Estates New Homes 3bd/2bt... | 3BR,2BA | $1.22 |
| Windemere Apartments | 2 bed 1 bath Renovated | 2BR,1BA | $1.24 |
| Cross Winds Apartments | 1 Bed/1 Bath | 1BR,1BA | $1.31 |
| Waterview Estates | 1x1Waterview Estates | 1BR,1BA | $1.09 |
| 271 | 2BR/1.0BA | 2BR,1BA | $1.07 |
| Northwind | The Hickory | 1BR,1BA | $1.22 |
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.
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 Wallace, IN Rentals by Map
See the most popular apartments and homes in Wallace, IN
Frequently Asked Questions about Wallace
What type of rentals are currently available in Wallace?
There are currently 52 Apartments for Rent in Wallace, IN with pricing that ranges from $486 to $2,369. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Wallace ranging from $450 to $2,400.
What is the current price range for Rental Homes in Wallace?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Wallace ranges from $450 to $2,400 with an average monthly rent of $869.
How much are larger Three and Four Bedroom Rentals in Wallace?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Wallace range from $486 to $2,000, while Three Bedroom Homes, Condos, and Townhomes for rent range from $625 to $2,400. Four Bedroom Single-Family rentals are also available starting from $1,095 and Four Bedroom Apartments start at $499.
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

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.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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.