Cheap Apartments for Rent in the Arden Neighborhood of Indianapolis, IN from $600 (48 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 6351 Broadway St

$1,650

Total Monthly Price

Total Monthly Price

Base Rent
$1,650
Total Monthly Price
$1,650

2 Bedroom, 2 Bath Townhome for Rent

Available Now

6351 Broadway St

IndianapolisIN46220
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Shore Acres
Studio to 3 Bedroom Apartments

Shore Acres

1105 Westfield Ct WIndianapolis, IN 46240

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Showing Results 1-48, 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. Monon Walk Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $810. Here are the most affordable Arden apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Glenstone StudiosStudioStudio,1BA$649
Monon Walk ApartmentsStudioStudio,1BA$810
The Meridian North and SouthA1R North1BR,1BA$834
Turtle Creek - IndianapolisS1 ShellStudio,1BA$859
LandmarkRanierStudio,1BA$870
Lincolnshire ApartmentsStudio Upper LevelsStudio,1BA$875
Meridian Lakes1Bed/1Ba-Up (B)1BR,1BA$884
Broad Ripple Trails1BR-U Commons1BR,1BA$899
Carrollton Manor Apartments1 Bed 1 Bath Unfurnished1BR,1BA$900
Summit at KeystoneThe Aspen1BR,1BA$919

Best Value Apartments for Rent in Arden, IN

As of May 27, 2026 the best value apartment in the Arden area is the $1.10 price per square foot Sanctuary: Two Bedroom Apartment Model at Somerset Lakes in the in the Nora neighborhood starting from $1,473. The second greatest value Arden apartment is the Plan E Model at Jade North Apartments starting at $1,275 with a $1.12 price per square foot in the Nora 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 LakesSanctuary: Two Bedroom Apartment2BR,2BA$1.10
Jade North ApartmentsPlan E3BR,1.5BA$1.12
Edison at Meridian Hills2 Bedroom 1 Bath2BR,1BA$1.29
WoodlakeTwo Bedroom Townhome2BR,1.5BA$1.26
The Grove on Harcourt1x1,5 Upgrade1BR,1.5BA$1.19
The Eclipse Apartment HomesThe Phoenix- Upgraded1BR,1.5BA$1.40
Willow BrookTwo Bedroom One Bath2BR,1BA$1.40
Summit at KeystoneThe Aspen1BR,1BA$1.31
Wellington Square Apartments1BR/1BA1BR,1BA$1.35
Monon Walk ApartmentsStudioStudio ,1BA$1.35

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Your Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters

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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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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
Arden, Indianapolis, IN

Ranked #36

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 $919.

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 $834, while the average apartment in Arden costs $1,489.

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 62 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 $475 which is $1,014 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.

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