Indianapolis is known for its warm mid-western hospitality, but also for being a fairly affordable housing market. While the average rent price in the downtown area is pretty high ($1,328 according to Yardi Matrix) you don’t have to go far from downtown to find beautiful and affordable apartments for rent in Indianapolis‘ outlying neighborhoods.
We carefully picked some of the most attractive rental properties — located in West, Northwest and East Indianapolis — with floor plans available for rent right now, offered at below the city average rent price by unit type. From studios to 3-bedrooms, no matter what apartment size you’re looking for, there are many great choices in Indy:
Studio at Kingston Square Apartments (Check availability)
Monthly rent: $527 (compare to $568 average price for studio apartments for rent in Indianapolis)
Kingston Square Apartments is a premier gated apartment community in Arlington Woods, where residents can enjoy a clubhouse, picnic area, playground, pool and sundeck. Studio apartments start at 578 square feet and rent for $527/month, offering newly-upgraded interiors with new carpet and flooring, new countertops, appliances and cabinets.
1 Bedroom at Island Club (Check availability)
Monthly rent: $609 (compare to $699 average price for 1-bedroom apartments for rent in Indianapolis)
If you like playing tennis, going to the gym, jogging and laying by the pool, you’ve come to the right place. A West Indianapolis apartment community, Island Club is beautiful and welcoming, sitting on well-manicured grounds with a gorgeous fountain and facing a spectacular 25-acre lake. One-bedroom one-bath units are reasonably priced – starting around $600 – and they offer extras like a dishwasher, washer/dryer connection and fireplace.
2 Bedrooms 2 Baths at Cross Creek (Check availability)
Monthly rent: $821 (compare to $955 average price for 2-bedroom 2-bath apartments for rent in Indianapolis)
A serene apartment community in Northwest Indianapolis, Cross Creek offers its residents beautiful water views, a playground, sundeck and resort-style pool. There are 2 modern 2-bedroom 2-bath floor plans with 910 square feet of living space available right now, boasting vaulted ceilings and tons of storage and closet space.
3 Bedrooms 2 Baths Townhome at Berkshire Square (Check availability)
Monthly rent: $815 (compare to $971 average price for 3-bedroom 2-bath townhomes for rent in Indianapolis)
If you’re interested in a 3-bedroom townhome, you’re likely to have a family and are looking for more space. In that case, you will love the comfort, convenience and value you’ll find at Berkshire Square. Located in East Indianapolis, in Cumberland, a quiet, middle-class neighborhood with a suburban feel, this community will instantly feel like home.