Cheap Apartments for Rent in Central, IN from $500 (21 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

Read Article
close
View Me
6500 & 6506 Hackel Dr
2 Bedroom Apartments

6500 & 6506 Hackel Dr

6506 Hackel DrLouisville, KY 40258
  • Utilities Included
close
View Me
3404 Shagbark Rd
2 Bedroom Apartments

3404 Shagbark Rd

3404 Shagbark RdLouisville, KY 40216
  • Utilities Included
close
View Me
6983 Dixie Hwy
2 Bedroom Apartments

6983 Dixie Hwy

6983 Dixie HwyLouisville, KY 40258
  • Utilities Included
Showing Results 1-21, Page 1 of 1

Central, IN Local Guide

Cheapest Available Central Apartments for Rent and Nearby

 

The cheapest available apartment rental in Central, IN is a 1 Bed unit found at Iroquois Green in the Downtown Louisville neighborhood priced from $735. Southwood in the South Louisville neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $799. Here is today’s list of the most affordable Central apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Iroquois Green1 Bedroom - With Balcony1BR,1BA$735
Southwood1 Bed, 1 bath1BR,1BA$799
Broadleaf ArmsOne Bedroom One Bathroom1BR,1BA$825
Newberry ParcOne Bedroom1BR,1BA$885
Anderson EstatesTwo Bedroom One Bath2BR,1BA$899

Best Value Apartments for Rent in Central, IN and Nearby

As of April 17, 2025 the best value apartment in the Central area is the $1.08 price per square foot 2 Bedroom Townhouse Model at 6121 Upper Hunters Trce in the in the South Louisville neighborhood starting from $1,350. The second greatest value Central apartment is the 3 x 1.5 Pixie C1 Model at Bayshore Townhomes starting at $1,035 with a $0.93 price per square foot in the South Louisville neighborhood. Here is today’s list of the best values for Central apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
6121 Upper Hunters Trce2 Bedroom Townhouse2BR,1.5BA$1.08
Bayshore Townhomes3 x 1.5 Pixie C13BR,1.5BA$0.93
Cane Run StationTwo Bed One Bath February Special $100 Month2BR,1BA$1.12
Newberry ParcTwo Bedroom2BR,2BA$1.06
By the ParkTwo bedroom2BR,1BA$1.00
Anderson EstatesTwo Bedroom One Bath2BR,1BA$0.94
Embassy Townhomes2 Bed, 1.5 Bath2BR,1.5BA$1.00
Paddocks at Ridge Park2.12BR,1BA$1.12
Broadleaf ArmsOne Bedroom One Bathroom1BR,1BA$1.03
Richardson 52 Apartments1 BED / 1 BATH1BR,1BA$1.13

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.

decorative image of people with a giant lease agreement

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Central, IN Rentals by Map

Decorative image of map

See the most popular apartments and homes in Central, IN

View MapCentral, IN Apartments MapView MapCentral, IN Rental Homes Map

Frequently Asked Questions about Cheap Central Apartments

How much is rent for a Cheap One Bedroom Central Apartment?

The lowest price for a Cheap One Bedroom Central Apartment is $735 at Iroquois Green.

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

Today's best deal for a Cheap Two Bedroom Apartment in Central is starting from $899 at Anderson Estates.

What is the most affordable Central Three Bedroom Apartment?

The best deal on a cheap Central Three Bedroom Apartment rental is at Bayshore Townhomes and starts from $1,035.

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.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

decorative image for Know Your Rights - How Discrimination Laws Impact Landlords and Tenants article

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

decorative image for Renting Smart: Lease Basics Every Renter Needs article

Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

decorative image for Battling the Butts: Your Guide to the Reality of Smoke-Free Renting article

Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.