Cheap Apartments for Rent in the Arlington Woods Neighborhood of Indianapolis, IN from $400 (42 Rentals)

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

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property at 5960 42nd St

$1,100

2 Bedroom Rentals

Available Now

5960 42nd St

IndianapolisIN46226

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Emerson Place
1 to 3 Bedroom Apartments

Emerson Place

2110 Emerson Knoll PlIndianapolis, IN 46218
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3825 N Whittier Pl
1 Bedroom Apartments

3825 N Whittier Pl

3825 N Whittier PlIndianapolis, IN 46226
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Peppermill Farms
1 to 2 Bedroom Apartments

Peppermill Farms

6830 Mill View DrIndianapolis, IN 46226

Arlington Woods - One of the Best Affordable Neighborhoods in Indianapolis

Named as one of the Best Affordable Neighborhoods to rent in Indianapolis by our Local Expert Wendy Melton. See how it ranks!

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Ritter Apartments
Studio to 2 Bedroom Apartments

Ritter Apartments

1708 N Ritter AveIndianapolis, IN 46218
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1745 N Ritter Ave
1 Bedroom Apartments

1745 N Ritter Ave

1745 N Ritter AveIndianapolis, IN 46218
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Lawrence Landing
1 to 2 Bedroom Apartments

Lawrence Landing

6875 Faris AveIndianapolis, IN 46226
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Showing Results 1-42, Page 1 of 1

Cheapest Available Arlington Woods Apartments for Rent

 

The cheapest available apartment rental in the Arlington Woods area of Indianapolis, IN is a Studio unit found at Serenity Manor 55+ Active Adult priced from $659. Olivewood has the second lowest priced unit, which is a Studio apartment currently listed from $750. Here are the most affordable Arlington Woods apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Serenity Manor 55+ Active AdultStudioStudio,1BA$659
OlivewoodStudioStudio,1BA$750
Kingston Square ApartmentsThe AshStudio,1BA$799
Brookhaven Apartments1 Bed 1 Bath1BR,1BA$831
Arlington Green (Indy Town)Arlington Green 2 bedroom2BR,1BA$838
Braeburn VillageA1 - 501BR,1BA$851
Frederick SquareFrederick Square 2 bedroom2BR,1BA$865
Greenway ApartmentsGreenway 2 bedroom (Large)2BR,1BA$865
Parkhaven Apartment Homes1.11BR,1BA$899
The Prairies Apartment Homes1x1 Classic1BR,1BA$909

Best Value Apartments for Rent in Arlington Woods, IN

As of August 20, 2026 the best value apartment in the Arlington Woods area is the $0.78 price per square foot Glen Ridge 2 bedroom Flat Model at Glen Ridge Manor Townhomes and Flats (Indy Town) in the in the Martindale neighborhood starting from $1,050. The second greatest value Arlington Woods apartment is the 2 BR / 1.5 BA Model at Shadeland Terrace Townhomes w/Full Basements starting at $1,395 with a $1.07 price per square foot in the Southeast Indianapolis neighborhood. Here is today’s list of the best values for Arlington Woods apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Glen Ridge Manor Townhomes and Flats (Indy Town)Glen Ridge 2 bedroom Flat2BR,1BA$0.78
Shadeland Terrace Townhomes w/Full Basements2 BR / 1.5 BA2BR,1.5BA$1.07
Paragon ParkThe Estate - Two Bedroom 1.5 Bath2BR,1.5BA$1.02
Brookhaven Apartments2 Bed 1 Bath2BR,1BA$0.91
Apartments @ Marten Court2x1 with washer/dryer2BR,1BA$1.23
Park Forest Apartments2BR/1BA2BR,1BA$1.07
Frederick SquareFrederick Square 2 bedroom2BR,1BA$0.98
Greenway ApartmentsGreenway 2 bedroom2BR,1BA$1.02
Arlington Green (Indy Town)Arlington Green 2 bedroom2BR,1BA$1.22
Serenity Manor 55+ Active AdultStudioStudio ,1BA$1.10

Frequently Asked Questions about Cheap Arlington Woods Apartments

What is a cheap apartment in Arlington Woods?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Arlington Woods is under $909.

What is the price of a cheap apartment in Arlington Woods?

The cheapest apartment in Arlington Woods is Serenity Manor 55+ Active Adult which is listed at $755, while the average apartment in Arlington Woods costs $1,029.

What types of apartments are the cheapest in Arlington Woods?

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 11 regular apartments in Arlington Woods 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 Arlington Woods?

Cheap apartments in Arlington Woods have an average cost of $218 which is $811 cheaper than the average rent for all rentals in Arlington Woods.

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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