Cheap Apartments for Rent in Winona Lake, IN from $400 (22 Rentals)

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

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.

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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Willow Park at Beyer Farm
1 to 2 Bedroom Apartments

Willow Park at Beyer Farm

675 N Colfax StWarsaw, IN 46580
Senior Living
  • Utilities Included
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Little Crow Lofts
1 to 2 Bedroom Apartments

Little Crow Lofts

201 S Detroit StWarsaw, IN 46580
  • Utilities Included

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.

Winona Lake, IN Local Guide

Cheapest Available Winona Lake Apartments for Rent and Nearby

 

The cheapest available apartment rental in Winona Lake, IN is a 2 Beds unit found at Historic Blue Bell Lofts priced from $498. Courts of Colfax Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $750. Here is today’s list of the most affordable Winona Lake apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Historic Blue Bell Lofts2 Beds, 1 bath2BR,1BA$498
Courts of Colfax ApartmentsWinonaStudio,1BA$750
UB LoftsOne Bedroom1BR,1BA$870
The Cottages at Bridgewater (Senior 55+)1 Bedroom1BR,1BA$895
CedarwoodOne Bedroom1BR,1BA$900

Best Value Apartments for Rent in Winona Lake, IN and Nearby

As of June 15, 2026 the best value apartment in the Winona Lake area is the $1.36 price per square foot Phase 3 Model at The Villas at County Farm Crossing in the starting from $2,450. The second greatest value Winona Lake apartment is the 2 Beds, 1 bath Model at Historic Blue Bell Lofts starting at $498 with a $0.36 price per square foot . Here is today’s list of the best values for Winona Lake apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Villas at County Farm CrossingPhase 32BR,2BA$1.36
Historic Blue Bell Lofts2 Beds, 1 bath2BR,1BA$0.36
Copperleaf Cove3 Bed 2 Bath3BR,2BA$1.43
1112 Park Ave, Unit 1112 Park Ave1112 Park Ave3BR,1BA$1.26
Redwood Fort Wayne Noyer RoadDriftwood2BR,2BA$1.44
Simonson Estates ApartmentsTwo Bedroom One Bathroom2BR,1BA$1.08
Nelson Estates Apartments2Bed_1Bath2BR,1BA$1.11
Kuder EstatesOne Bedroom One Bathroom1BR,1BA$1.33
UB LoftsOne Bedroom1BR,1BA$1.21
Courts of Colfax ApartmentsWinonaStudio ,1BA$1.24

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!

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Frequently Asked Questions about Cheap Winona Lake Apartments

How much is rent for a Cheap One Bedroom Winona Lake Apartment?

The lowest price for a Cheap One Bedroom Winona Lake Apartment is $870 at UB Lofts.

What is the lowest price for a Cheap Two Bedroom Winona Lake Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Winona Lake is starting from $498 at Historic Blue Bell Lofts.

What is the most affordable Winona Lake Three Bedroom Apartment?

The best deal on a cheap Winona Lake Three Bedroom Apartment rental is at Briar Ridge Apartments and starts from $1,425.

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.