Cheap Apartments for Rent in the Circle City Neighborhood of Indianapolis, IN from $400 (93 Rentals)

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

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Dunbar Court
$665 - $925
Total Monthly Price

Total Monthly Price

Base Rent
$665 - $925
Total Monthly Price
$665 - $925
Studio to 1 Bedroom Apartments Contact Us For Availability

Dunbar Court

1022 Dr Martin Luther King StIndianapolis, IN 46202
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9 On Canal
Rent Specials
$895 - $3,300
Total Monthly Price

Total Monthly Price

Base Rent
$880 - $3,285
Required Monthly Fees
$15
Total Monthly Price
$895 - $3,300
Studio to 3 Bedroom Apartments Available Now

9 On Canal

335 W 9th StIndianapolis, IN 46202
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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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632MLK
Rent Specials
$1,050 - $2,550
Total Monthly Price

Total Monthly Price

Base Rent
$955 - $2,455
Required Monthly Fees
$95
Total Monthly Price
$1,050 - $2,550
Studio to 3 Bedroom Apartments Available Now

632MLK

632 Dr Martin Luther King Jr StIndianapolis, IN 46202
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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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Lockerbie Flats
$1,095
Total Monthly Price

Total Monthly Price

Base Rent
$1,095
Total Monthly Price
$1,095
Studio Apartments Available Now

Lockerbie Flats

619 Vermont PlIndianapolis, IN 46202
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Ralston Apartments
Rent Specials
$1,175 - $3,496
Total Monthly Price

Total Monthly Price

Base Rent
$1,096 - $3,417
Required Monthly Fees
$79
Total Monthly Price
$1,175 - $3,496
1 to 4 Bedroom Apartments Available Now

Ralston Apartments

1201 Indiana AveIndianapolis, IN 46202
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Stadium Lofts & Flats
$1,180 - $1,719
Total Monthly Price

Total Monthly Price

Base Rent
$1,113 - $1,652
Required Monthly Fees
$67
Total Monthly Price
$1,180 - $1,719
1 to 2 Bedroom Apartments Available Now

Stadium Lofts & Flats

1501 W 16th StIndianapolis, IN 46202
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Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods

Discover the heart of the Midwest! Learn about popular Indianapolis neighborhoods to rent like Speedway and Eagledale, plus top universities and can't-miss places to eat.

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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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CityWay
$1,350 - $6,252
Total Monthly Price

Total Monthly Price

Base Rent
$1,300 - $6,202
Required Monthly Fees
$50
Total Monthly Price
$1,350 - $6,252
1 to 3 Bedroom Apartments Available Now

CityWay

229 S Delaware StIndianapolis, IN 46204
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16 Park Apartments
1 to 4 Bedroom Apartments

16 Park Apartments

1621 N Park AveIndianapolis, IN 46202
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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Circle City, Indianapolis, IN Local Guide

Cheapest Available Circle City Apartments for Rent

 

The cheapest available apartment rental in the Circle City area of Indianapolis, IN is a Studio unit found at INDY FLATS priced from $655. St. Agnes Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $765. Here are the most affordable Circle City apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
INDY FLATSSherwood Std DStudio,1BA$655
St. Agnes ApartmentsStudio- Standard 2nd -5th*Studio,1BA$765
Priscilla on PennsylvaniaStudio- 1st Floor CornerStudio,1BA$799
The Davlan2-12BR,1BA$846
The WhitakerOne Bedroom1BR,1BA$875
Devonshire Apartments in Downtown Indianapolis1BR/1.0BA1BR,1BA$890
Canal Gardens2.1 40%2BR,1BA$891
9 On CanalStudio - StockholmStudio,1BA$895
Madison ApartmentsOne bedroom1BR,1BA$920
Senate ManorS.1 CStudio,1BA$930

Best Value Apartments for Rent in Circle City, IN

As of March 06, 2026 the best value apartment in the Circle City area is the $0.97 price per square foot loft Model at Shoemaker Building in the in the Riley neighborhood starting from $1,750. The second greatest value Circle City apartment is the 2.1 40% Model at Canal Gardens starting at $891 with a $0.93 price per square foot in the Near North Indianapolis neighborhood. Here is today’s list of the best values for Circle City apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Shoemaker Buildingloft2BR,2BA$0.97
Canal Gardens2.1 40%2BR,1BA$0.93
The Davlan2-12BR,1BA$0.95
Trail SideA1BR,1BA$1.12
Van DykeVan Dyke 1B 8301BR,1BA$1.55
Maxwell ApartmentsAmsterdam1BR,1BA$1.52
522 Fletcher Ave1BR/1.5BA1BR,1.5BA$1.40
1010 CentralBunker 60%1BR,1BA$1.53
The Washington2 Bedroom2BR,1BA$1.47
Madison ApartmentsOne bedroom1BR,1BA$1.61

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

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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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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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Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental search system called 'Lifestyle ratings', composed of rentals in cities and towns across the United States, including Indianapolis. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including our Star Ratings to compare for the best outdoor access, luxury amenities, family-friendly amenities, raising pets, transit options, and other valuable search options. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap Circle City Apartments

What is the Cheapest Studio apartment in Circle City?

Currently the most affordable Cheap Studio Apartment in Circle City is at INDY FLATS listed at $655.

How much is rent for a Cheap One Bedroom Circle City Apartment?

The lowest price for a Cheap One Bedroom Circle City Apartment is $830 at INDY FLATS.

What is the lowest price for a Cheap Two Bedroom Circle City Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Circle City is starting from $846 at The Davlan.

What is the most affordable Circle City Three Bedroom Apartment?

The best deal on a cheap Circle City Three Bedroom Apartment rental is at Ralston Apartments and starts from $2,035.

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.

Helpful Local Expert Guides

decorative image for A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Indianapolis article

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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Your Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters

Written by: Wendy Melton

Indianapolis is well-known for being one of the top college cities in the country. Local colleges and universities are ranked in the Top 10 when it comes to sports and academic excellence.

decorative image for Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods article

Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods

Written by: Wendy Melton

My name is Wendy, and I've lived in Indiana for most of my life. Indianapolis is our state capital, and many people consider it the heart of the Midwest. People come from all around to explore everything Indianapolis has to offer.

Articles, How-To's, and Tips

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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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.