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

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

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.

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.

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Bayshore Townhomes
1 to 2 Bedroom Apartments

Bayshore Townhomes

5501 Bayshore CtLouisville, KY 40258
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6500 & 6506 Hackel Dr
2 Bedroom Apartments

6500 & 6506 Hackel Dr

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

3404 Shagbark Rd

3404 Shagbark RdLouisville, KY 40216
  • Utilities Included

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

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. Broadleaf Arms in the Cloverleaf neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $759. 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
Broadleaf ArmsOne Bedroom One Bathroom1BR,1BA$759
Southwood1 Bed, 1 bath1BR,1BA$799
Miller Manor Apartments1 Bed1BR,1BA$850
Newberry ParcOne Bedroom1BR,1BA$885

Best Value Apartments for Rent in Central, IN and Nearby

As of May 16, 2025 the best value apartment in the Central area is the $1.03 price per square foot 2 Beds, 2 baths Model at The Landing in the in the South Louisville neighborhood starting from $1,129. The second greatest value Central apartment is the Second Floor Model at Harrison Apartments starting at $1,200 with a $1.11 price per square foot . 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.
The Landing2 Beds, 2 baths2BR,2BA$1.03
Harrison ApartmentsSecond Floor2BR,2BA$1.11
Bayshore TownhomesFirefly2BR,1.5BA$0.96
Newberry ParcTwo Bedroom2BR,2BA$1.06
By the ParkTwo bedroom2BR,1BA$0.93
Riverport Landings Senior2B1B2BR,1BA$1.02
Anderson EstatesTwo Bedroom One Bath2BR,1BA$0.94
Miller Manor Apartments2 Bed2BR,1BA$1.11
Embassy Townhomes2 Bed, 1.5 Bath2BR,1.5BA$1.00
Broadleaf ArmsOne Bedroom One Bathroom1BR,1BA$0.95

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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 $859 at Broadleaf Arms.

What is the most affordable Central Three Bedroom Apartment?

The best deal on a cheap Central Three Bedroom Apartment rental is at Southwood and starts from $1,099.

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.

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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.

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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.

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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.

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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.