
Cheap Apartments for Rent in Anderson, IN from $300 (24 Rentals)
Search the lowest-cost Apartments available for rent right now in Anderson.


2408 Brown St

202 E 13th St

215 Madison Ave

2002 Jefferson St

Bay Terrace Apartments

221 E 11th St
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

2902 Morton St

Hoosier Woods Apartments

2112 Lafayette St

913-915 Morton St

526 W 9th St

1825 Walnut St
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
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Anderson, IN Local Guide

How much does it cost to rent an apartment in Anderson?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Cheap Anderson Studio Apartments | $757 | $650 | $825 |
Cheap Anderson 1 Bedroom Apartments | $805 | $250 | $1,025 |
Cheap Anderson 2 Bedroom Apartments | $1,030 | $800 | $1,283 |
Cheap Anderson 3 Bedroom Apartments | $1,237 | $935 | $1,930 |
Browse Top Apartments in Anderson
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Anderson, IN Local Guide
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Cheapest Available Anderson Apartments for Rent
 The cheapest available apartment rental in Anderson, IN is a 1 Bed unit found at The Towers at Southdale Affordable Senior priced from $250. Hoosier Woods Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $673. Here is today’s list of the most affordable Anderson apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
The Towers at Southdale Affordable Senior | 1 Bed/ 1 Bath | 1BR,1BA | $250 |
Hoosier Woods Apartments | 1x1 50% | 1BR,1BA | $673 |
Harter House Anderson LLC | Rose | Studio,1BA | $749 |
North Pointe Commons | 1BR/1BA | 1BR,1BA | $775 |
Longfellow Plaza Affordable Senior Community | Studio | Studio,1BA | $790 |
Best Value Apartments for Rent in Anderson, IN
As of May 17, 2025 the best value apartment in the Anderson area is the $0.56 price per square foot 919 Walnut St Model at 919 Walnut St in the starting from $1,000. The second greatest value Anderson apartment is the 2x2 60% Model at Hoosier Woods Apartments starting at $994 with a $1.06 price per square foot . Here is today’s list of the best values for Anderson apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
919 Walnut St | 919 Walnut St | 3BR,1BA | $0.56 |
Hoosier Woods Apartments | 2x2 60% | 2BR,2BA | $1.06 |
Applecreek | The Jonathan. | 2BR,2BA | $1.20 |
Cross Lakes Apartments | 2x2FP R-Prem | 2BR,2BA | $1.41 |
2136 Crystal St, Unit 2136 Crystal Street Apt B | 2136 Crystal St | 1BR,1BA | $0.86 |
Villages on Madison Apartments | 2x1 R-Prem | 2BR,1BA | $1.23 |
Cedar Ridge Townhomes | The Maple | 2BR,1BA | $1.14 |
The Towers at Southdale Affordable Senior | 1 Bed/ 1 Bath | 1BR,1BA | $0.45 |
917 E 8th St, Unit 4 | 917 E 8th St | 1BR,1BA | $1.25 |
1527 Walnut St, Unit 3 | 1527 Walnut St | 1BR,1BA | $1.40 |
Quick Rent Budget Calculator
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Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Anderson, IN Rentals by Map
See the most popular apartments and homes in Anderson, IN
Getting Around Anderson, IN
Walk Score®
37 / 100
Car-Dependent
Most errands require a car
Bike Score®
42 / 100
Somewhat Bikeable
Minimal bike infrastructure
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Anderson Apartments
What is the Cheapest Studio apartment in Anderson?
Currently the most affordable Cheap Studio Apartment in Anderson is at Harter House Anderson LLC listed at $749.
How much is rent for a Cheap One Bedroom Anderson Apartment?
The lowest price for a Cheap One Bedroom Anderson Apartment is $250 at The Towers at Southdale Affordable Senior.
What is the lowest price for a Cheap Two Bedroom Anderson Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Anderson is starting from $803 at Hoosier Woods Apartments.
What is the most affordable Anderson Three Bedroom Apartment?
The best deal on a cheap Anderson Three Bedroom Apartment rental is at Hoosier Woods Apartments and starts from $935.
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.

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.

Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

Rise of Digital Nomads: Remote Work Tips for Apartment Renters
Written by: Brandie Parton
As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.