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

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Cheap Apartments in the 16 Tech area of Indianapolis.

Navigating the Rental Market: Tips for First-Time Renters

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

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

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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

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 ListingModel NameBed/BathPriced From
Lockefield GardensStandard One Bedroom (S1) 1BR,1BA$991
River West FlatsStudioStudio,1BA$999
Indiana Flats and Townhomes2 x 12BR,1BA$1,095
Canal SquareArch1BR,1BA$1,117
Ralston ApartmentsMagnolia1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
The Block3 Bedroom 2 Bath3BR,2BA$1.24
Stadium Lofts & FlatsType 51BR,1BA$1.80
Cosmopolitan on the CanalChicagoStudio ,1BA$2.19
Indiana Flats and Townhomes2 x 1 Townhome2BR,1BA$1.63
Lockefield GardensStandard One Bedroom (S1) 1BR,1BA$1.85
Canal SquareArch II1BR,1BA$2.47
Ralston ApartmentsMagnolia1BR,1BA$2.51
River West FlatsStudioStudio ,1BA$2.19
Vivio on 10thS1 - StudioStudio ,1BA$2.83
Rise on MeridianThe AmeliaStudio ,1BA$3.01

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Pet Friendly Lifestyle
16 Tech, Indianapolis, IN

Ranked #96

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

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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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

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.

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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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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

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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.