Cheap Apartments For Rent In Kokomo Indiana . Use our detailed filters to find the perfect place, then get in touch with the property manager. For the best deal, we recommend using our cheap apartments filter. 2700 Albright Rd Unit 2716, Kokomo, IN 46902 Apartment for Rent in from www.apartments.com Rent.com® offers 128 cheap apartments for rent in kokomo, in neighborhoods. There are 24 low income housing apartment communities offering 2,433 affordable apartments for rent in kokomo, indiana. The average home rent in this city is $854.