Cheap Apartments for Rent in the Arlington Woods Neighborhood of Indianapolis, IN from $400 (57 Rentals)

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

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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property at 5960 42nd St

$1,100

2 Bedroom Rentals

Unavailable

5960 42nd St

IndianapolisIN46226

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

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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

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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East Ridge
1 to 3 Bedroom Apartments

East Ridge

2302 N Ritter AveIndianapolis, IN 46218
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Peppermill Farms
1 to 2 Bedroom Apartments

Peppermill Farms

6830 Mill View DrIndianapolis, IN 46226
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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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Braeburn Village
1 to 4 Bedroom Apartments

Braeburn Village

2170 Braeburn East DrIndianapolis, IN 46219
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Lawrence Landing
1 to 2 Bedroom Apartments

Lawrence Landing

6875 Faris AveIndianapolis, IN 46226
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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Showing Results 1-50, Page 1 of 2

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+ Independent Active Living priced from $659. Arlington Green (Indy Town) has the second lowest priced unit, which is a 1 Bed apartment currently listed from $717. Here are the most affordable Arlington Woods apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Serenity Manor 55+ Independent Active LivingStudioStudio,1BA$659
Arlington Green (Indy Town)Arlington Green 1 bedroom1BR,1BA$717
OlivewoodStudioStudio,1BA$750
Frederick SquareFrederick Square 1 bedroom1BR,1BA$790
Kingston Square ApartmentsThe AshStudio,1BA$799
Brookhaven Apartments1 Bed 1 Bath1BR,1BA$825
Greenway ApartmentsGreenway 2 bedroom (Large)2BR,1BA$865
Parkhaven Apartment HomesWaitlist - 1 Bedroom 1 Bath Apartment1BR,1BA$899
The Prairies Apartment Homes1x1 Classic1BR,1BA$909
Apartments @ Marten Court1x11BR,1BA$925

Best Value Apartments for Rent in Arlington Woods, IN

As of July 06, 2026 the best value apartment in the Arlington Woods area is the $0.84 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 $1,130. The second greatest value Arlington Woods apartment is the The Mansion - Three Bedroom Two Bath Model at Paragon Park starting at $1,399 with a $1.04 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$0.84
Paragon ParkThe Mansion - Three Bedroom Two Bath3BR,2BA$1.04
Shadeland Terrace Townhomes w/Full Basements2 BR / 1.5 BA2BR,1.5BA$1.07
Brookhaven Apartments2 Bed 1 Bath2BR,1BA$0.89
60 - ADDISON APARTMENTSAddison Apts - Gorgeous 2 Bed/1 Bath Apt2BR,1BA$0.96
Park Forest Apartments2BR/1BA2BR,1BA$1.19
Greenway ApartmentsGreenway 2 bedroom2BR,1BA$1.02
Frederick SquareFrederick Square 1 bedroom1BR,1BA$1.13
Arlington Green (Indy Town)Arlington Green 2 bedroom2BR,1BA$1.23
Serenity Manor 55+ Independent Active LivingStudioStudio ,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 $925.

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

The cheapest apartment in Arlington Woods is Arlington Green (Indy Town) which is listed at $717, while the average apartment in Arlington Woods costs $1,680.

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 7 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 $458 which is $1,222 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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