
Cheap Apartments for Rent in the 16 Tech Neighborhood of Indianapolis, IN from $700 (15 Rentals)
Cheap Apartments in the 16 Tech area of Indianapolis.


River West Flats

Vanguard at 16 Tech

Stadium Lofts & Flats

Canal Square
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Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

Ralston Apartments

Rise on Meridian

9 on Canal

Industry Indianapolis

Cosmopolitan on the Canal
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Ardmore Apartments

1058 N Traub Ave

1230 N Belmont Ave
16 Tech - One of the Best Affordable Neighborhoods in Indianapolis
Named as one of the Best Affordable Neighborhoods to rent in Indianapolis by our Local Expert Wendy Melton. See how it ranks!
16 Tech, Indianapolis, IN Local Guide

How much does it cost to rent an apartment in 16 Tech?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
16 Tech Studio Apartments | $1,446 | $999 | $3,650 |
16 Tech 1 Bedroom Apartments | $1,590 | $989 | $3,841 |
16 Tech 2 Bedroom Apartments | $2,278 | $700 | $9,354 |
16 Tech 3 Bedroom Apartments | $2,581 | $1,789 | $5,624 |
16 Tech 4 Bedroom Apartments | $1,428 | $700 | $2,800 |
Browse Apartments in this Neighborhood
There are currently 15 rentals with your search options within a 2 mile radius of the 16 Tech Neighborhood of Indianapolis, IN.
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16 Tech, Indianapolis, IN Local Guide
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Cheapest Available 16 Tech Apartments for Rent
 The cheapest available apartment rental in the 16 Tech area of Indianapolis, IN is a 1 Bed unit found at Lockefield Gardens priced from $991. River West Flats has the second lowest priced unit, which is a Studio apartment currently listed from $999. Here are the most affordable 16 Tech apartments for rent in Indianapolis, IN:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Lockefield Gardens | Standard One Bedroom (S1) | 1BR,1BA | $991 |
River West Flats | Studio | Studio,1BA | $999 |
Indiana Flats and Townhomes | 2 x 1 | 2BR,1BA | $1,095 |
Canal Square | Arch | 1BR,1BA | $1,117 |
Ralston Apartments | Magnolia | 1BR,1BA | $1,149 |
Best Value Apartments for Rent in 16 Tech, IN
As of May 04, 2025 the best value apartment in the 16 Tech area is the $1.24 price per square foot 3 Bedroom 2 Bath Model at The Block in the in the Riley neighborhood starting from $2,199. The second greatest value 16 Tech apartment is the Type 5 Model at Stadium Lofts & Flats starting at $1,387 with a $1.80 price per square foot in the Cheswick Place neighborhood. Here is today’s list of the best values for 16 Tech apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
The Block | 3 Bedroom 2 Bath | 3BR,2BA | $1.24 |
Stadium Lofts & Flats | Type 5 | 1BR,1BA | $1.80 |
Cosmopolitan on the Canal | Chicago | Studio ,1BA | $2.19 |
Indiana Flats and Townhomes | 2 x 1 Townhome | 2BR,1BA | $1.63 |
Lockefield Gardens | Standard One Bedroom (S1) | 1BR,1BA | $1.85 |
Canal Square | Arch II | 1BR,1BA | $2.47 |
Ralston Apartments | Magnolia | 1BR,1BA | $2.51 |
River West Flats | Studio | Studio ,1BA | $2.19 |
Vivio on 10th | S1 - Studio | Studio ,1BA | $2.83 |
Rise on Meridian | The Amelia | Studio ,1BA | $3.01 |
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.
Pet Friendly Lifestyle16 Tech, Indianapolis, IN
Ranked #96
Among neighborhoods in Indianapolis, IN for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Getting Around the 16 Tech Neighborhood in Indianapolis, IN
Walk Score®
45 / 100
Car-Dependent
Most errands require a car
Bike Score®
55 / 100
Bikeable
Some bike infrastructure
Transit Score®
40 / 100
Some Transit
A few nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap 16 Tech Apartments
What is a cheap apartment in 16 Tech?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in 16 Tech is under $1,625.
What is the price of a cheap apartment in 16 Tech?
The cheapest apartment in 16 Tech is Lockefield Gardens which is listed at $991, while the average apartment in 16 Tech costs $2,044.
What types of apartments are the cheapest in 16 Tech?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 34 regular apartments in 16 Tech that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
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.

A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Indianapolis
Written by: Wendy Melton
Indianapolis is not only the state capital of Indiana, it’s also a shining example of what Midwestern living is all about. I’m Wendy, your ApartmentHomeLiving.

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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.