Save This Search

Apartments for Rent in Indiana under $500

52 Rentals Available
Apartments for Rent in Indiana under $500. 52 Rentals Available
  • a kitchen with a sink and a refrigerator and wooden cabinets
    Today

    201 E. Commercial St., Hartford City, IN 47348
    STUDIO $364
    1 BED $230
    2 BEDS $413+
  • a spacious kitchen with white cabinets and stainless steel appliances
    Today

    Marvin Gardens, New Albany, IN 47150
    STUDIO $50+
  • the side of a building with a blue sky in the background
    Today

    486 Eastern Blvd, Clarksville, IN 47129
    2 BEDS $500
  • a building with a handicapped sign in front of it
    Today

    308 W 19Th Street, Anderson, IN 46016
    1 BED $400
  • a living room with a pool table and couches
    Today

    4700 East Riverside Drive, Evansville, IN 47714
    1 BED $489
  • Renting has its Rewards
    Start earning points to redeem on travel, experiences, gift cards, live events, and more!
    Earn points for:
    Internet and Entertainment
    Utilities
    Insurance
    Learn more
  • a large brick building with a lawn in front of it
    Today

    600 W NORTH ST, GREENFIELD, IN 46140
    1 BED $440+
  • a gym with weights and other equipment in a building
    Today

    802 N. 9Th Street, Lafayette, IN 47906
    1 BED Ask for pricing
  • this is a picture of the front of the building
    Today

    619 N 9Th Street, Lafayette, IN 47904
    STUDIO $400
  • outline of a house icon isolated on a white
    Today

    615 & 19 Fairfield Avenue, Indianapolis, IN 46205
    STUDIO $100
  • 717 Franklin Street Studio-2 Beds Apartment for Rent
    Today

    717 Franklin Street, Michigan City, IN 46360
    STUDIO $237+
    1 BED $208+
    2 BEDS $250
  • a rendering of a large home with red brick and green and brown siding
    Today

    625 Chapman Drive NW, Corydon, IN 47112
    2 BEDS $375+
  • Interactive banner bedroom
    How many bedrooms are you
    looking for?
  • a large living room with a couch and a table
    Today

    1534 East Dodge Street, Kokomo, IN 46902
    1 BED $303+
    2 BEDS $367+
  • an apartment for rent sign on a red background
    Today

    160 S Main St, Marengo, IN 47140
    1 BED $51
  • a living room with couches and chairs and a tv
    Today

    301 E Wayne Street, Kendallville, IN 46755
    1 BED $292+
    2 BEDS $347+
  • a house with an flag in the window
    Today

    114 East Palmer Street, Indianapolis, IN 46225
    3 BEDS $500
  • a cutting board with spices and other ingredients on a table
    Today

    1749 Commerce Court, Logansport, IN 46947
    1 BED $497
  • the front of a white apartment building with a sidewalk and grass
    Today

    100 Chapel Lane, Ashley, IN 46705
    Income Restricted
    1 BED $450+
  • a living room with couches and chairs and a television
    Today

    1501 Meadlawn Avenue, Logansport, IN 46947
    Income Restricted
    1 BED Ask for Pricing
    2 BEDS Ask for Pricing
  • a kitchen with a refrigerator and a sink and a door
    Today

    700 W Main Street, Redkey, IN 47373
    Income Restricted
    1 BED $450+
  • a living room with couches and a table and a fireplace
    Today

    1491 W. Kilgore Ave, Muncie, IN 47304
    Income Restricted
    2 BEDS Ask for pricing
    3 BEDS Ask for pricing
  • a cutting board with spices and other ingredients on a table
    Today

    303 Darby Drive, Otterbein, IN 47970
    1 BED $368+
    2 BEDS $346+
  • a living room with a dining room table and a kitchen
    Today

    2018 Cedar Lane, Franklin, IN 46131
    Income Restricted
    1 BED Ask for Pricing
    2 BEDS Ask for Pricing
  • a living room with leather couches and chairs
    Today

    1119 N. Main Street, Elkhart, IN 46514
    Income Restricted
    1 BED Ask for pricing
    2 BEDS Ask for pricing
  • a living room with two chairs and a table
    Today

    51 West 10Th Street, Hobart, IN 46342
    Income Restricted
    1 BED Ask for pricing
    2 BEDS Ask for pricing
  • a living room with couches and chairs and a table
    Today

    1015 Vesper Pl, Indianapolis, IN 46203
    Income Restricted
    1 BED Ask for pricing
29-0-state
Nice work, you've checked out every rental here! Expand your search to find your happy place.

Save Search

Getting around in Indiana, IN

1 /100
Car-Dependent
27 /100
Somewhat Bikeable
Walk Score®: 1, Bike Score®: 27

Frequently asked questions

When were prices and availability in Indiana last updated?

Prices and availability in Indiana were last updated on 9 Apr 2026.

What are the best apartments in Indiana?

The best apartments in Indiana are: The Element @ St Andrews, Colfax Townhomes, 7 Pointe Apartments, CityView on Meridian and McCurdy Apartments.

What type of rental buildings are in Indiana?

In Indiana, 30% of the residents are renting compared to 70% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 8% of Indiana's rentals, 54% are small-scale complexes with under 50 units, and 34% are single-family rentals.

Your search for apartments in Indiana under $500 stops here

Finding apartments for rent in Indiana for less than $500 has never been so easy! At RentCafe nice cheap apartments are just one click away. There are currently 52 available units in Indiana, renting for under $500. On average, $472 can get you 1,077 Sqft in this area. Be sure to search for the apartment that is best for you. Under “More”, check the amenities that you consider a must-have, and don’t forget to look at the pet policy. Fitness enthusiasts can even check the Fitness Center box. Whether you are looking for studio apartments, 1 bedroom apartments, 2 bedroom apartments or 3 bedroom apartments, you are sure to find one that will make you want to move in right away.

We’ll help you find the best rental near you

Having to compromise on either price or location can turn your “apartments near me under $500” search into a nightmare. At RentCafe we recognize the importance of both. Therefore, we offer a variety of filters that can help you find exactly what you want. Sorting the results by rent, ascending, will make the cheapest units show up first on the list. Try it out! You will find that right now the cheapest apartment under $500 in Indiana goes for $150 per month. If some of the results are outside the area of your choice, you can go to the left side of the screen and draw a radius or a polygon around your location. Now you will only see results that are relevant to you.

Finding a home nearby is easier than you think. Check out our Apartments Near Me page and take your pick!