Cheap Apartments for Rent in the Arden Neighborhood of Indianapolis, IN from $600 (24 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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Monon Walk Apartments
Studio to 1 Bedroom Apartments

Monon Walk Apartments

6115 Winthrop AveIndianapolis, IN 46220
  • Utilities Included
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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 $774. 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$774
Grove on Harcourt3 Bed 2 Bath Apartment - Upgraded3BR,2BA$798
Carrollton Manor Apartments1 Bed 1 Bath1BR,1BA$850
Reflections ApartmentsReplicaStudio,1BA$894

Best Value Apartments for Rent in Arden, IN

As of June 28, 2025 the best value apartment in the Arden area is the $1.18 price per square foot 7176C1 Model at Pinnacle on Meridian in the in the Nora neighborhood starting from $2,599. 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 Meridian7176C13BR,2BA$1.18
Townes at Winthrop2 Bed, 2.5 Bath, 2 car Garage Townhome2BR,2.5BA$1.19
Edison at Meridian Hills2 Bedroom 1.5 Bath Townhome2BR,1.5BA$1.28
Grove on 79th2 Bed 2.5 Bath Apartment2BR,2.5BA$0.96
Everly at Meridian HillsIris2BR,1BA$1.15
North Willow2 Bed/1 Bath-Dn2BR,1BA$1.28
Grove on Harcourt1 Bed 1.5 Bath Apartment w/Den - Premium1BR,1.5BA$1.16
Highland PointeSummit Premium2BR,2BA$1.31
Jade North ApartmentsPlan G1BR,1BA$1.29
The Pines at SoBroOne Bedrooms1BR,1BA$1.34

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Arden, Indianapolis, IN

Ranked #38

Among neighborhoods in Indianapolis, IN 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 $946.

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 $774, while the average apartment in Arden costs $1,509.

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 18 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 $141 which is $1,368 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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