Cheap Apartments for Rent in the Downtown Valparaiso Neighborhood of Valparaiso, IN from $500 (11 Rentals)

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

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353 Morgan Blvd
Studio Apartments

353 Morgan Blvd

353 Morgan BlvdValparaiso, IN 46383
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501 Union St
2 Bedroom Apartments

501 Union St

501 Union StValparaiso, IN 46383
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204 Brown St
2 Bedroom Apartments

204 Brown St

204 Brown StValparaiso, IN 46383
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610 Union St
Studio Apartments

610 Union St

610 Union StValparaiso, 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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357 Greenwich St
1 Bedroom Apartments

357 Greenwich St

357 Greenwich StValparaiso, IN 46383

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.

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The Lincoln
2 Bedroom Apartments

The Lincoln

53 Michigan AveValparaiso, IN 46383
  • Utilities Included

Downtown Valparaiso, Valparaiso, IN Local Guide

Best Value Apartments for Rent in Downtown Valparaiso, IN

As of April 27, 2025 the best value apartment in the Downtown Valparaiso area is the $1.73 price per square foot 353 Morgan Blvd Model at 353 Morgan Blvd, Unit 1 in the in the Banta neighborhood starting from $1,900. The second greatest value Downtown Valparaiso apartment is the 706 Chicago St Model at 706 Chicago St, Unit #1 starting at $1,285 with a $1.17 price per square foot in the Banta neighborhood. Here is today’s list of the best values for Downtown Valparaiso apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
353 Morgan Blvd, Unit 1353 Morgan Blvd2BR,1BA$1.73
706 Chicago St, Unit #1706 Chicago St2BR,1BA$1.17

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Pet Friendly Lifestyle
Downtown Valparaiso, Valparaiso, IN

Ranked #2

Among neighborhoods in Valparaiso, IN for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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Getting Around the Downtown Valparaiso Neighborhood in Valparaiso, IN

Walk Score®

86 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

56 / 100

Bikeable

Some bike infrastructure

Transit Score®

24 / 100

Minimal Transit

It may be possible to get on a bus

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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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.

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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.

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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.