Cheap Apartments for Rent in Hanover, IN from $400 (23 Rentals)

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3 N Madison Ave
Studio to 2 Bedroom Apartments

3 N Madison Ave

3 N Madison AveHanover, IN 47243
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Hanover, IN Local Guide

Cheapest Available Hanover Apartments for Rent and Nearby

 

The cheapest available apartment rental in Hanover, IN is a 1 Bed unit found at Stonebrook of Scottsburg priced from $750. Water's Edge has the second lowest priced unit, which is a 1 Bed apartment currently listed from $771. Here is today’s list of the most affordable Hanover apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Stonebrook of ScottsburgA11BR,1BA$750
Water's EdgeOne Bedroom Reservation List1BR,1BA$771
281 E Main StUnit 41BR,1BA$775
Chamberlain OaksOne Bedroom1BR,1BA$810
Tracks at Seymour1 Bedroom, 1 Bath, 743 Sq Ft1BR,1BA$850

Best Value Apartments for Rent in Hanover, IN and Nearby

As of February 15, 2025 the best value apartment in the Hanover area is the $1.00 price per square foot 3 Bedroom Model at Oldham Oaks in the starting from $1,350. The second greatest value Hanover apartment is the Koehler Springs II Model at Koehler Springs starting at $1,200 with a $0.89 price per square foot in the Southern Indiana neighborhood. Here is today’s list of the best values for Hanover apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Oldham Oaks3 Bedroom3BR,2BA$1.00
Koehler SpringsKoehler Springs II3BR,2.5BA$0.89
Williams Crossing TownhomesWITH Storage3BR,2.5BA$1.04
Ashby Apartments2 BEDROOM 2 BATHROOM2BR,2BA$0.90
Rivers Edge Residences2 Beds, 2 baths2BR,2BA$1.10
Lakeview Apartments2 BEDROOM 2 BATHROOM B2BR,2BA$1.06
3 N Madison Ave1 Bed, 1 bath1BR,1BA$1.00
Westport Woods2 Bed 1 Bath2BR,1BA$1.07
Water's EdgeOne Bedroom Reservation List1BR,1BA$1.10
281 E Main StUnit 41BR,1BA$1.11

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Best Local Schools in
Hanover, IN

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Remember the 3 Rules of Real Estate:
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Getting Around Hanover, IN

Walk Score®

26 / 100

Car-Dependent

Most errands require a car

Bike Score®

27 / 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 Hanover Apartments

What is the Cheapest Studio apartment in Hanover?

Currently the most affordable Cheap Studio Apartment in Hanover is at Lyric at Norton Commons listed at $1,172.

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

The lowest price for a Cheap One Bedroom Hanover Apartment is $750 at Stonebrook of Scottsburg.

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

Today's best deal for a Cheap Two Bedroom Apartment in Hanover is starting from $929 at Water's Edge.

What is the most affordable Hanover Three Bedroom Apartment?

The best deal on a cheap Hanover Three Bedroom Apartment rental is at Water's Edge and starts from $1,006.

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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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.

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What to Know About Fees and Fines When Renting

Written by: Trey Huguley

When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

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How Your Move-In Inspection Can Protect Your Security Deposit

Written by: Christine Leonard, Esq.

If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.

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Signing Your Apartment Lease: The Basics

Written by: Trey Huguley

When you're about to sign a lease for the first time, it can feel a bit overwhelming. You don’t want to miss any important details hidden in the fine print.