
Cheap Homes for Rent in Circle City Neighborhood of Indianapolis, IN from $1,200 (9 Rentals)
Search the lowest-cost Homes available for rent right now in the Circle City area of Indianapolis.


230 E 9th St

651 Birch Ave

1441 W Lynn Dr
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.

1473 N Delaware St

210 N Richland St

101 E 14th St

55 S Harding St, Unit 109
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1532 N College Ave
Circle City, Indianapolis, IN Local Guide

How much does it cost to rent a home in Circle City?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Circle City 2 Bedroom Homes for Rent | $2,205 | $1,600 | $2,950 |
| Circle City 3 Bedroom Homes for Rent | $3,031 | $1,550 | $6,000 |
| Circle City 4 Bedroom Homes for Rent | $3,425 | $2,395 | $4,455 |
Browse Homes for Rent in this Neighborhood
There are currently 9 rentals with your search options within a 2 mile radius of the Circle City Neighborhood of Indianapolis, IN.
Explore Indianapolis
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 $705. Priscilla on Pennsylvania has the second lowest priced unit, which is a Studio apartment currently listed from $799. Here are the most affordable Circle City apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| INDY FLATS | Sherwood Std D | Studio,1BA | $705 |
| Priscilla on Pennsylvania | Studio- 1st Floor Corner | Studio,1BA | $799 |
| The Washington | Studio | Studio,1BA | $800 |
Best Value Apartments for Rent in Circle City, IN
As of June 06, 2026 the best value apartment in the Circle City area is the $1.49 price per square foot 3 Bedroom 2 Bath Model at The Block in the in the Riley neighborhood starting from $2,639. The second greatest value Circle City apartment is the Chicago Model at Maxwell Apartments starting at $1,846 with a $1.43 price per square foot in the Riley neighborhood. Here is today’s list of the best values for Circle City apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Block | 3 Bedroom 2 Bath | 3BR,2BA | $1.49 |
| Maxwell Apartments | Chicago | 2BR,2BA | $1.43 |
| Canal Gardens | 2.1 40% | 2BR,1BA | $0.93 |
| The Davlan | 2-1 | 2BR,1BA | $0.95 |
| Van Dyke | Van Dyke 1B 830 | 1BR,1BA | $1.55 |
| The Vue | ONE BEDROOM APARTMENT | 1BR,1BA | $1.71 |
| 1010 Central | Loft 60% | 1BR,1BA | $1.61 |
| Lofts on Madison | Studio | Studio ,1BA | $1.63 |
| College Manor | 1 BR | 1BR,1BA | $1.49 |
| River West Flats | One Bedroom One Bath - The Driftwood | 1BR,1BA | $1.63 |
Frequently Asked Questions about Circle City
What type of rentals are currently available in Circle City?
There are currently 218 Apartments for Rent in Circle City, IN with pricing that ranges from $518 to $6,477. There are also 32 Single Family Homes for rent, Condos, and Townhome rentals currently available in Circle City ranging from $1,200 to $6,000.
What is the current price range for Rental Homes in Circle City?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Circle City ranges from $1,200 to $6,000 with an average monthly rent of $2,521.
How much are larger Three and Four Bedroom Rentals in Circle City?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Circle City range from $799 to $6,477, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,550 to $6,000. Four Bedroom Single-Family rentals are also available starting from $2,395 and Four Bedroom Apartments start at $979.
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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Pet-Friendly Renting: Everything You Need to Know Before You Move
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I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.