Cheap Apartments for Rent in Valparaiso, IN from $500 (13 Rentals)

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

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Pioneer Apartments
Studio to 3 Bedroom Apartments

Pioneer Apartments

101 Chicago StValparaiso, IN 46383
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Colombia Apartments
1 to 2 Bedroom Apartments

Colombia Apartments

500 Indiana AveValparaiso, IN 46383
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Anderson Crossing
1 Bedroom Apartments

Anderson Crossing

785 Baltimore RdValparaiso, IN 46385
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610 Union St
Studio Apartments

610 Union St

610 Union StValparaiso, IN 46383
  • Smoke Free
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Jefferson Apartments
1 Bedroom Apartments

Jefferson Apartments

52-54 College AveValparaiso, IN 46383
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Liberty Farm
3 Bedroom Apartments

Liberty Farm

76 E US Highway 6Valparaiso, IN 46383
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Mayfield Apartments
1 to 2 Bedroom Apartments

Mayfield Apartments

156-364 Mayfield AveValparaiso, IN 46383
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555 Locust St
1 Bedroom Apartments

555 Locust St

555 S Locust StValparaiso, IN 46383
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353 Morgan Blvd
Studio Apartments

353 Morgan Blvd

353 Morgan BlvdValparaiso, IN 46383

Valparaiso, IN Local Guide

Cheapest Neighborhoods for Apartments in Valparaiso, IN

Pricing Updated: 03/27/2025

Current apartment rentals in the Valparaiso, IN area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Valparaiso Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Downtown Valparaiso$1,657$9754
Banta$1,795$9571938

Cheapest Available Valparaiso Apartments for Rent

 

The cheapest available apartment rental in Valparaiso, IN is a 1 Bed unit found at Vale Park Village in the Banta neighborhood priced from $1,125. Andover Park has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,125. Here is today’s list of the most affordable Valparaiso apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Vale Park Village1 Bedroom 1 Bath1BR,1BA$1,125
Andover Park1 Bedroom, 1 Bath - Floor Plan A1BR,1BA$1,125
Uptown East1X1 S1BR,1BA$1,249
Golfview ApartmentsG1B1B1BR,1BA$1,275
Preserve at Grande Oaks Apartment HomesThe Hyacinth1BR,1BA$1,324

Best Value Apartments for Rent in Valparaiso, IN

As of March 27, 2025 the best value apartment in the Valparaiso area is the $1.39 price per square foot 3bedth Model at Covington Square in the in the Banta neighborhood starting from $1,660. The second greatest value Valparaiso apartment is the Two Bedroom 2 Bath Model at Hills of Aberdeen Apartment Homes starting at $1,715 with a $1.47 price per square foot . Here is today’s list of the best values for Valparaiso apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Covington Square3bedth3BR,1.5BA$1.39
Hills of Aberdeen Apartment HomesTwo Bedroom 2 Bath2BR,2BA$1.47
706 Chicago St, Unit #1706 Chicago St2BR,1BA$1.17
Vale Park Village1 Bedroom 1 Bath1BR,1BA$1.43
The Lakes of ValparaisoB21BR,1BA$2.14
Preserve at Grande Oaks Apartment HomesThe Hyacinth1BR,1BA$1.83
Uptown East1X1 D1BR,1BA$2.37
Andover Park1 Bedroom, 1 Bath - Floor Plan B1BR,1BA$1.78
Golfview ApartmentsG1B1B1BR,1BA$2.08

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

Explore Valparaiso, IN Rentals by Map

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Getting Around Valparaiso, IN

Walk Score®

39 / 100

Car-Dependent

Most errands require a car

Bike Score®

40 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

12 / 100

Minimal Transit

It may be possible to get on a bus

Frequently Asked Questions about Cheap Valparaiso Apartments

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

The lowest price for a Cheap One Bedroom Valparaiso Apartment is $1,125 at Vale Park Village.

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

Today's best deal for a Cheap Two Bedroom Apartment in Valparaiso is starting from $1,302 at Andover Park.

What is the most affordable Valparaiso Three Bedroom Apartment?

The best deal on a cheap Valparaiso Three Bedroom Apartment rental is at Covington Square and starts from $1,660.

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.

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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.

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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.

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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.