Cheap Apartments for Rent in the 16 Tech Neighborhood of Indianapolis, IN from $500 (42 Rentals)

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Search the lowest-cost Apartments available for rent right now in the 16 Tech area of Indianapolis.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Navigating the Rental Market: Tips for First-Time Renters

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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!

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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 (SR3)1BR,1BA$991
River West FlatsStudioStudio,1BA$999
Senate Manor1.1 Ap1BR,1BA$1,005
Artistry IndyJacquelineStudio,1BA$1,032
Union at 16th1 Bed 1 Bath1BR,1BA$1,070
Circle City ApartmentsSpink 1B 7051BR,1BA$1,075
Ralston ApartmentsMagnolia1BR,1BA$1,080
Riley TowersStudio - 500Studio,1BA$1,099
The StellaSol 80%Studio,1BA$1,125
RiverviewCalumetStudio,1BA$1,175

Best Value Apartments for Rent in 16 Tech, IN

As of June 21, 2025 the best value apartment in the 16 Tech area is the $1.06 price per square foot 1 Bedroom 1 Bath Model at The Block in the in the Riley neighborhood starting from $1,549. The second greatest value 16 Tech apartment is the 3 Bedroom 1 Bath Model at El Dorado starting at $1,285 with a $1.07 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 Block1 Bedroom 1 Bath1BR,1BA$1.06
El Dorado3 Bedroom 1 Bath3BR,1BA$1.07
Gardens of Canal CourtTwo Bedroom Two Bath (1,184 - 1,194 Square Feet)2BR,2BA$1.29
Townhomes at Fall Creek PlaceF2BR,1BA$1.61
Pulliam SquareCourierStudio ,1BA$2.03
Union at 16th1 Bed 1 Bath1BR,1BA$1.58
Vivio on Tenth1x1-7061BR,1BA$2.19
Lockerbie LoftsThe WileyStudio ,1BA$2.08
Lockefield GardensStandard One Bedroom (S1) 1BR,1BA$1.85
River West FlatsStudioStudio ,1BA$2.19

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.

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Pet Friendly Lifestyle
16 Tech, Indianapolis, IN

Ranked #22

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

Pet Friendliness Lifestyle Score

4.0
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

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 the Cheapest Studio apartment in 16 Tech?

Currently the most affordable Cheap Studio Apartment in 16 Tech is at River West Flats listed at $999.

How much is rent for a Cheap One Bedroom 16 Tech Apartment?

The lowest price for a Cheap One Bedroom 16 Tech Apartment is $991 at Lockefield Gardens.

What is the lowest price for a Cheap Two Bedroom 16 Tech Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in 16 Tech is starting from $1,283 at Union at 16th.

What is the most affordable 16 Tech Three Bedroom Apartment?

The best deal on a cheap 16 Tech Three Bedroom Apartment rental is at El Dorado and starts from $1,285.

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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.