Cheap Apartments for Rent in the Arden Neighborhood of Indianapolis, IN from $600 (45 Rentals)

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

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property at 6021 N College Ave

$1,795

Total Monthly Price

Total Monthly Price

Base Rent
$1,795
Total Monthly Price
$1,795

1 Bedroom, 1 Bath Home for Rent

Available Now

6021 N College Ave

IndianapolisIN46220
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Shore Acres
Studio to 3 Bedroom Apartments

Shore Acres

1105 Westfield Ct WIndianapolis, IN 46240

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Showing Results 1-45, Page 1 of 1

Arden, Indianapolis, IN Local Guide

Cheapest Available Arden Apartments for Rent

 

The cheapest available apartment rental in the Arden area of Indianapolis, IN is a Studio unit found at The Meridian North and South priced from $664. Glenstone Studios has the second lowest priced unit, which is a Studio apartment currently listed from $665. Here are the most affordable Arden apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
The Meridian North and SouthS1P SouthStudio,1BA$664
Glenstone StudiosStudioStudio,1BA$665
Monon Walk ApartmentsStudioStudio,1BA$810
Turtle Creek - IndianapolisS1 ShellStudio,1BA$859
LandmarkRanierStudio,1BA$870
Carrollton Manor Apartments1 Bed 1 Bath Unfurnished1BR,1BA$900
Wellington Square Apartments1BR/1BA1BR,1BA$926
WoodlakeOne Bedroom Apartment1BR,1BA$963
The Pines at SoBro1x1 - Classic1BR,1BA$969
Broad Ripple Trails2BR-U Commons2BR,1BA$999

Best Value Apartments for Rent in Arden, IN

As of July 11, 2026 the best value apartment in the Arden area is the $0.99 price per square foot Harmony: Three Bedroom Apartment Model at Somerset Lakes in the in the Nora neighborhood starting from $1,609. The second greatest value Arden apartment is the 2Bed/2Ba-Up (H) Model at Meridian Lakes starting at $1,334 with a $1.17 price per square foot in the Faith Knoll neighborhood. Here is today’s list of the best values for Arden apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Somerset LakesHarmony: Three Bedroom Apartment3BR,2BA$0.99
Meridian Lakes2Bed/2Ba-Up (H)2BR,2BA$1.17
Summit at KeystoneThe Vail3BR,1BA$1.17
Edison at Meridian Hills2 Bedroom 1 Bath2BR,1BA$1.29
Jade North ApartmentsPlan H2BR,1.5BA$1.10
The Grove on Harcourt1x1.5 Large Renovated1BR,1.5BA$1.31
Willow BrookTwo Bedroom One Bath2BR,1BA$1.40
WoodlakeOne Bedroom Apartment1BR,1BA$1.37
Wellington Square Apartments1BR/1BA1BR,1BA$1.35
Monon Walk ApartmentsStudioStudio ,1BA$1.35

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.

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Your Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters

Learn About the Best Neighborhoods to Rent Near College Campuses in Indianapolis, IN | Find Charlotte Indianapolis Student Housing at ApartmentHomeLiving.com

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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
Arden, Indianapolis, IN

Ranked #43

Among cities in Indiana for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Lifestyle Ratings

ApartmentHomeLiving brings you Lifestyle Ratings of rentals and neighborhoods across the USA, including Indianapolis. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including filtering automatically for outdoor amenities like tennis courts, luxury housing options, family-friendly amenities, raising pets, transit options, in addition to floorplans, availablity, and pricing. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Arden Apartments

What is a cheap apartment in Arden?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Arden is under $999.

What is the price of a cheap apartment in Arden?

The cheapest apartment in Arden is The Meridian North and South which is listed at $769, while the average apartment in Arden costs $1,466.

What types of apartments are the cheapest in Arden?

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 20 regular apartments in Arden 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 Arden?

Cheap apartments in Arden have an average cost of $159 which is $1,307 cheaper than the average rent for all rentals in Arden.

Expert Rental Resources

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.

Helpful Local Expert Guides

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Indianapolis is well-known for being one of the top college cities in the country. Local colleges and universities are ranked in the Top 10 when it comes to sports and academic excellence.

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My name is Wendy, and I've lived in Indiana for most of my life. Indianapolis is our state capital, and many people consider it the heart of the Midwest. People come from all around to explore everything Indianapolis has to offer.

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