Cheap Apartments for Rent in the 16 Tech Neighborhood of Indianapolis, IN from $500 (47 Rentals)

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

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

Read Article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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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 2 Beds unit found at Union at 16th priced from $820. Artistry Indy has the second lowest priced unit, which is a Studio apartment currently listed from $884. Here are the most affordable 16 Tech apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Union at 16th2 Bed 2 Bath2BR,2BA$820
Artistry IndyEdie (EcoSuite)Studio,1BA$884
Vivio on Tenth0x1-549Studio,1BA$900
El Dorado Apartments1 Bed 1 Bath1BR,1BA$907
Senate ManorS.1 CStudio,1BA$930
Circle City ApartmentsWinterhouse Studio 402Studio,1BA$970
Lockefield GardensStandard One Bedroom (SR3)1BR,1BA$991
River West FlatsStudioStudio,1BA$999
Maryden on CentralThe Escape at MarydenStudio,1BA$1,005
The Assumption on Blaine1 Bed 1 Bath1BR,1BA$1,030

Best Value Apartments for Rent in 16 Tech, IN

As of October 15, 2025 the best value apartment in the 16 Tech area is the $1.02 price per square foot 2 Bedroom 2 Bath Model at The Block in the in the Riley neighborhood starting from $1,829. The second greatest value 16 Tech apartment is the 2 Bed 2 Bath Model at The Assumption on Blaine starting at $1,775 with a $1.35 price per square foot in the Concord 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 Block2 Bedroom 2 Bath2BR,2BA$1.02
The Assumption on Blaine2 Bed 2 Bath2BR,2BA$1.35
Gardens of Canal CourtTwo Bedroom Two Bath (1,184 - 1,194 Square Feet)2BR,2BA$1.28
Nine+EighteenThe Arch2BR,2BA$1.85
Edge 35B32BR,2BA$1.88
Townhomes at Fall Creek PlaceF2BR,1BA$1.61
Penn Street Tower ApartmentsWabash: Floors 02-071BR,1BA$1.61
Union at 16th1 Bed 1 Bath1BR,1BA$1.47
El Dorado Apartments1 Bed 1 Bath1BR,1BA$1.62
Lockefield GardensStandard One Bedroom (S1) 1BR,1BA$1.85

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 #25

Among cities in Indiana 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 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 $1,030.

What is the price of a cheap apartment in 16 Tech?

The cheapest apartment in 16 Tech is El Dorado Apartments which is listed at $900, while the average apartment in 16 Tech costs $2,178.

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 51 regular apartments in 16 Tech that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in 16 Tech?

Cheap apartments in 16 Tech have an average cost of $198 which is $1,980 cheaper than the average rent for all rentals in 16 Tech.

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.

decorative image for A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Indianapolis article

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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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.