2-982 W Vest St
ScottsburgIN47170
Cheap Homes for Rent in Underwood, IN from $1,200 (10 Rentals)
Search the lowest-cost Homes available for rent right now in Underwood.
3103 Lighthouse Dr
JeffersonvilleIN47130
213 Starlight Dr
ClarksvilleIN47129
4932 Grant Line Rd
New AlbanyIN47150
4934 Grant Line Rd
New AlbanyIN47150
4930 Grant Line Rd
New AlbanyIN47150
1915 Paddle Wheel Dr
JeffersonvilleIN47130
1915 Paddle Wheel Dr
JeffersonvilleIN47130
2918 Sunset Dr
New AlbanyIN47150
10700 US-42
ProspectKY40059
Showing Results 1-10, Page 1 of 1
Underwood, IN Local Guide
Welcome to Indiana sign by Mark Goebel is licensed under CC BY 2.0
How much does it cost to rent a home in Underwood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Underwood 2 Bedroom Homes for Rent | $1,371 | $1,220 | $1,500 |
| Underwood 3 Bedroom Homes for Rent | $2,064 | $1,400 | $3,200 |
| Underwood 4 Bedroom Homes for Rent | $2,172 | $1,499 | $3,195 |
| Underwood 5 Bedroom Homes for Rent | $2,175 | $2,150 | $2,200 |
Browse Top Homes for Rent in Underwood
Explore Underwood
Underwood, IN Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Underwood Apartments for Rent and Nearby
The cheapest available apartment rental in Underwood, IN is a 1 Bed unit found at Yellowwood Terrace Affordable Senior Housing in the Southern Indiana neighborhood priced from $200. Stonebrook of Scottsburg has the second lowest priced unit, which is a 1 Bed apartment currently listed from $750. Here is today’s list of the most affordable Underwood apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Yellowwood Terrace Affordable Senior Housing | Standard | 1BR,1BA | $200 |
| Stonebrook of Scottsburg | A1 | 1BR,1BA | $750 |
| Water's Edge | One Bedroom Reservation List | 1BR,1BA | $771 |
Best Value Apartments for Rent in Underwood, IN and Nearby
As of April 16, 2025 the best value apartment in the Underwood area is the $0.89 price per square foot Koehler Springs II Model at Koehler Springs in the in the Southern Indiana neighborhood starting from $1,200. The second greatest value Underwood apartment is the WITH Storage Model at Williams Crossing Townhomes starting at $1,400 with a $1.04 price per square foot in the Southern Indiana neighborhood. Here is today’s list of the best values for Underwood apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Koehler Springs | Koehler Springs II | 3BR,2.5BA | $0.89 |
| Williams Crossing Townhomes | WITH Storage | 3BR,2.5BA | $1.04 |
| Rivers Edge Residences | 2 Beds, 2 baths | 2BR,2BA | $1.10 |
| Parkside Trace Apartments | 2 BEDROOM 2 BATHROOM NEW CONSTRUCTION | 2BR,2BA | $1.14 |
| Lakeview Apartments | 2 BEDROOM 2 BATHROOM B | 2BR,2BA | $1.12 |
| Plaza Square Apartments | 2x1 | 2BR,1BA | $1.00 |
| Holmans Crossing Apartments | 2Bedroom/2Bathroom 986 sqft (1st or 2nd floor) | 2BR,2BA | $1.11 |
| 281 E Main St | One Bed, One Bath | 1BR,1BA | $0.97 |
| Water's Edge | One Bedroom Reservation List | 1BR,1BA | $1.10 |
| Yellowwood Terrace Affordable Senior Housing | Standard | 1BR,1BA | $0.34 |
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.
Let everyone know!
Do you know the Underwood area?
If you’re an expert on all things Underwood, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Frequently Asked Questions about Underwood
What type of rentals are currently available in Underwood?
There are currently 41 Apartments for Rent in Underwood, IN with pricing that ranges from $200 to $2,528. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Underwood ranging from $1,220 to $3,200.
What is the current price range for Rental Homes in Underwood?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Underwood ranges from $1,220 to $3,200 with an average monthly rent of $1,945.
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.
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.
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.
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.
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.