
Cheap Homes for Rent in Wallace, IN from $400 (8 Rentals)
Search the lowest-cost Homes available for rent right now in Wallace.


316 N Alexander St

1102 N Bowman Ave

509 S 5th St
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.

201 E Pike St

1021 Grove St

1012 Giddings St

1818 Michigan St
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.
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 | $761 | $449 | $1,050 |
Wallace 3 Bedroom Homes for Rent | $1,109 | $449 | $1,980 |
Wallace 4 Bedroom Homes for Rent | $856 | $500 | $1,095 |
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 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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Brookhaven | Studio | Studio,1BA | $525 |
Brunswick Apartments | Studio | Studio,1BA | $625 |
The Grove | 1 Bed 1 Bath | 1BR,1BA | $726 |
Best Value Apartments for Rent in Wallace, IN and Nearby
As of July 10, 2025 the best value apartment in the Wallace area is the $1.39 price per square foot Grand - Garage Included Model at Avalon Bluffs in the starting from $2,200. The second greatest value Wallace apartment is the 3A Model at Anvil 38 Apartments starting at $1,650 with a $1.36 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. |
---|---|---|---|
Avalon Bluffs | Grand - Garage Included | 3BR,2BA | $1.39 |
Anvil 38 Apartments | 3A | 3BR,2BA | $1.36 |
Devonshire Village | 2 Bed 2 Bath Private Entry | 2BR,2BA | $1.21 |
Southridge Commons | B1 | 2BR,2BA | $1.32 |
Cypress Square | 2 Bedroom. 1.5 Bath | 2BR,1.5BA | $1.50 |
202 E Crockett | 2 Bedroom | 2BR,1BA | $1.05 |
Cross Winds Apartments | 1x1 800 Sq Ft | 1BR,1BA | $1.25 |
The Grove | 1 Bed 1 Bath | 1BR,1BA | $0.97 |
Winfield Farms - Garages Available | 1 Bedroom | 1BR,1BA | $1.49 |
Townway Place | 1 Beds, 1 Baths | 1BR,1BA | $1.33 |
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Frequently Asked Questions about Wallace
What type of rentals are currently available in Wallace?
There are currently 45 Apartments for Rent in Wallace, IN with pricing that ranges from $525 to $3,034. There are also 39 Single Family Homes for rent, Condos, and Townhome rentals currently available in Wallace ranging from $449 to $2,950.
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 $449 to $2,950 with an average monthly rent of $963.
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 $940 to $2,406, while Three Bedroom Homes, Condos, and Townhomes for rent range from $449 to $1,980. Four Bedroom Single-Family rentals are also available starting from $500 and Four Bedroom Apartments start at $1,295.
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.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.