Cheap Apartments for Rent in Winona Lake, IN from $400 (41 Rentals)

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

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.

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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.

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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.

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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

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.

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The 2525
1 to 4 Bedroom Apartments

The 2525

2525 Durbin StWarsaw, IN 46580
  • Utilities Included
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Aspen Meadows
1 to 3 Bedroom Apartments

Aspen Meadows

1227 Briarwood BlvdGoshen, IN 46526
  • Utilities Included

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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Showing Results 1-41, Page 1 of 1

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 in the Whitley County neighborhood 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
Autumn Hills II Apartments1 Bedroom2BR,1BA$875
The Cottages at Bridgewater (Senior 55+)1 Bedroom1BR,1BA$895
North Ridge Apartments1 Bedroom1BR,1BA$911
Mallard and HI-TEC Apartments1 Bed, 1 bath1BR,1BA$965
Northpointe/Lakepointe Apartment HomesG2 - 2x12BR,1BA$989
LaFontaine Center Affordable Senior HousingStudioStudio,1BA$990
Nelson Estates Apartments2Bed_1Bath2BR,1BA$999

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

As of July 30, 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 in the Whitley County neighborhood. 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
Simonson Estates ApartmentsTwo Bedroom One Bathroom2BR,1BA$1.08
Nelson Estates Apartments2Bed_1Bath2BR,1BA$1.04
Kuder EstatesTwo Bedroom One Bathroom2BR,1BA$1.09
Northpointe/Lakepointe Apartment HomesG2 - 2x12BR,1BA$1.04
Lakeland Villa Apartments2x12BR,1BA$1.24
Hunt ClubChesterfield Cup - Classic/Upgrade Units1BR,1BA$1.31
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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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!

Explore Winona Lake, IN Rentals by Map

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See the most popular apartments and homes in Winona Lake, IN

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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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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.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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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.

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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.