Cheap Apartments for Rent in the Arden Neighborhood of Indianapolis, IN from $600 (28 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
  • Utilities Included

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Showing Results 1-28, 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 $754. 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 SouthA7S South1BR,1BA$754
Broad Ripple TrailsSTUD-SStudio,1BA$839
Wellington Square Apartments1BR/1BA1BR,1BA$842
Reflections ApartmentsReplicaStudio,1BA$844
Meridian Lakes1Bed/1Ba-Up (A)1BR,1BA$849
Turtle CreekStudioStudio,1BA$859
Lincolnshire Broad RippleStudio Upper LevelsStudio,1BA$875
The Eclipse Apartment HomesThe Luna I - Classic1BR,1BA$879
The Pines at SoBro1 Bedroom 1 Bath Apartment - Classic1BR,1BA$879

Best Value Apartments for Rent in Arden, IN

As of December 18, 2025 the best value apartment in the Arden area is the $1.18 price per square foot 7176B1 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 Meridian7176B12BR,2BA$1.18
Townes at Winthrop2 Bed, 2.5 Bath, 2 car Garage Townhome2BR,2.5BA$1.19
Everly at Meridian HillsIris2BR,1BA$1.15
Edison at Meridian Hills2 Bedroom 1 Bath2BR,1BA$1.28
Somerset LakesRetreat: One Bedroom Apartment1BR,1BA$1.23
The Grove on 79th1 Bed 1.5 Bath Apartment - Renovated1BR,1.5BA$1.20
The Grove on Harcourt1 Bed 1.5 Bath Large Apartment - Renovated1BR,1.5BA$1.14
Broad Ripple FlatsUpgraded 1, 2 and 2.15 bath apartments2BR,1BA$1.38
Willow BrookTwo Bedroom One Bath2BR,1BA$1.37
The Meridian North and SouthA1R North1BR,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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

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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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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 #37

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 $879.

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 $754, while the average apartment in Arden costs $1,563.

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 38 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 $125 which is $1,438 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.

Articles, How-To's, and Tips

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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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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

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

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!