
Cheap Homes for Rent in Wallace, IN from $300 (20 Rentals)
Search the lowest-cost Homes available for rent right now in Wallace.


425 N Vermilion St

2 S Walnut St

210 Whitlock Ave

913 Maple St

610 Harmon 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.

2000 Indianapolis Rd

1050 Walnut St

101 S Buchanan St

217 Edwards St

2282 IN-163

36 S Griffin 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.

1128 Chandler St

101 Virginia Dr

319 Pennsylvania Ave

4 Tillman

612 South St

2835 Plaza Ln
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.

25 W Collins St

1306 Cleveland Ave
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 | $1,144 | $750 | $2,000 |
| Wallace 3 Bedroom Homes for Rent | $1,402 | $730 | $2,600 |
| Wallace 4 Bedroom Homes for Rent | $955 | $925 | $995 |
Browse Top Homes for Rent in Wallace
Explore Wallace
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 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Brookhaven | 1 Bed/ 1 Bath | 1BR,1BA | $717 |
| Waterview Estates | 1x1Waterview Estates | 1BR,1BA | $730 |
| The Verander | 1Br | 1BR,1BA | $732 |
| Pheasant Run | The Retriever Studio | Studio,1BA | $766 |
| The Grove | 1BR | 1BR,1BA | $783 |
Best Value Apartments for Rent in Wallace, IN and Nearby
As of April 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 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Townhomes on Main | 3x2-80% | 3BR,2BA | $0.81 |
| Devonshire Village | 2 Bed 2 Bath Private Entry | 2BR,2BA | $1.21 |
| Southern Winds Apartments | 2 Bed/2 Bath Vaulted | 2BR,2BA | $1.20 |
| Cypress Square | B1 | 2BR,1BA | $1.33 |
| Windemere Apartments | 2 bed 1 bath Renovated | 2BR,1BA | $1.35 |
| Cross Winds Apartments | 1 Bed/1 Bath | 1BR,1BA | $1.31 |
| Georgetown South | 2 Bedroom | 2BR,1BA | $1.31 |
| The Grove | 2BR | 2BR,1BA | $1.30 |
| Waterview Estates | 1x1Waterview Estates | 1BR,1BA | $1.09 |
| Townway Place | 1 Beds, 1 Baths | 1BR,1BA | $1.33 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash 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.
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 $2,599. There are also 42 Single Family Homes for rent, Condos, and Townhome rentals currently available in Wallace ranging from $395 to $2,600.
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 $395 to $2,600 with an average monthly rent of $1,062.
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 $2,326, while Three Bedroom Homes, Condos, and Townhomes for rent range from $730 to $2,600. Four Bedroom Single-Family rentals are also available starting from $925 and Four Bedroom Apartments start at $1,459.
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

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.