Cheap Apartments for Rent in the Arden Neighborhood of Indianapolis, IN from $600 (27 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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Shore Acres
Studio to 3 Bedroom Apartments

Shore Acres

1105 Westfield Ct WIndianapolis, IN 46240
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Monon Walk Apartments
Studio to 1 Bedroom Apartments

Monon Walk Apartments

6115 Winthrop AveIndianapolis, IN 46220
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Showing Results 1-27, 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 Glenstone Studios priced from $649. The Meridian North and South has the second lowest priced unit, which is a 1 Bed apartment currently listed from $699. Here are the most affordable Arden apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Glenstone StudiosStudioStudio,1BA$649
The Meridian North and SouthA2S South1BR,1BA$699
Broad Ripple TrailsSTUD-SStudio,1BA$839
Reflections ApartmentsReplicaStudio,1BA$844
Lincolnshire Broad RippleStudio Upper LevelsStudio,1BA$875
The Pines at SoBro1 Bedroom 1 Bath Apartment1BR,1BA$879
Carrollton Manor Apartments1 Bed 1 Bath1BR,1BA$900
LandmarkRanierStudio,1BA$925
Wellington Square Apartments1BR/1BA1BR,1BA$926
Meridian Lakes1Bed/1Ba-Up (A)1BR,1BA$940

Best Value Apartments for Rent in Arden, IN

As of November 02, 2025 the best value apartment in the Arden area is the $1.23 price per square foot Two Bedroom with Bonus Room (7176B2) Model at Pinnacle on Meridian in the in the Nora neighborhood starting from $2,699. The second greatest value Arden apartment is the 2 Bed, 2.5 Bath, 2 car Garage Townhome Model at Townes at Winthrop starting at $2,200 with a $1.19 price per square foot in the Warfleigh 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.
Pinnacle on MeridianTwo Bedroom with Bonus Room (7176B2)2BR,2BA$1.23
Townes at Winthrop2 Bed, 2.5 Bath, 2 car Garage Townhome2BR,2.5BA$1.19
Everly at Meridian HillsOrchid3BR,2BA$1.07
Edison at Meridian Hills2 Bedroom 1 Bath2BR,1BA$1.28
Broad Ripple Flats2x1.52BR,1.5BA$1.23
Edgewater Apartments2 Bedroom2BR,2BA$1.25
Somerset LakesRetreat: One Bedroom Apartment1BR,1BA$1.26
The Grove on 79th1 Bed 1.5 Bath Apartment - Renovated1BR,1.5BA$1.12
The Grove on Harcourt1 Bed 1.5 Bath Large Apartment - Reno1BR,1.5BA$1.15
Jade North ApartmentsPlan G1BR,1BA$1.29

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Pet Friendly Lifestyle
Arden, Indianapolis, IN

Ranked #47

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 $940.

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 $699, while the average apartment in Arden costs $1,624.

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 36 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 $162 which is $1,462 cheaper than the average rent for all rentals in Arden.

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

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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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Apartment Common Area Rules: What Renters Need to Know

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Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

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Everything is a negotiation in real estate! 

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

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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.