Cheap Homes for Rent in Wallace, IN from $400 (19 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Done

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

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.

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.

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.

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
Downtown Lafayette Living!StudioStudio,1BA$750
The Grove1BR1BR,1BA$783
Townway Place1 Beds, 1 Baths1BR,1BA$850

Best Value Apartments for Rent in Wallace, IN and Nearby

As of October 26, 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 (Clayton) Shadeland Estates New Large Homes 3bd... Model at Shadeland Estates starting at $1,225 with a $0.97 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
Shadeland Estates(Clayton) Shadeland Estates New Large Homes 3bd...3BR,2BA$0.97
Devonshire Village2 Bed 2 Bath Private Entry2BR,2BA$1.21
Cloverdale Heightsnothing available at this time2BR,1.5BA$0.94
202 E Crockett2 Bedroom2BR,1BA$1.05
Deerfield Commons ApartmentsProphet2BR,1BA$1.40
Cross Winds Apartments1x1 800 Sq Ft1BR,1BA$1.25
The Grove2BR2BR,1BA$1.30
Winfield Farms - Garages Available1 Bedroom1BR,1BA$1.49
Townway Place1 Beds, 1 Baths1BR,1BA$1.42

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

Read Article
Decorative image

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 Article
Decorative image

The 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 Article
Decorative image

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.

decorative image of people with a giant lease agreement

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

Explore Wallace, IN Rentals by Map

View Map
Wallace, IN Apartments Map
View Map
Wallace, IN Rental Homes Map

Frequently Asked Questions about Wallace

What type of rentals are currently available in Wallace?

There are currently 47 Apartments for Rent in Wallace, IN with pricing that ranges from $525 to $2,681. There are also 37 Single Family Homes for rent, Condos, and Townhome rentals currently available in Wallace ranging from $425 to $2,200.

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 $425 to $2,200 with an average monthly rent of $1,049.

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 $975 to $2,318, while Three Bedroom Homes, Condos, and Townhomes for rent range from $500 to $1,475. Four Bedroom Single-Family rentals are also available starting from $850 and Four Bedroom Apartments start at $1,429.

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.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

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.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

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.