Cheap Homes for Rent in Circle City Neighborhood of Indianapolis, IN from $600 (13 Rentals)

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

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.

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.

Cheapest Available Circle City Apartments for Rent

 

The cheapest available apartment rental in the Circle City area of Indianapolis, IN is a 1 Bed unit found at The Seminole priced from $833. Priscilla on Pennsylvania has the second lowest priced unit, which is a Studio apartment currently listed from $895. Here are the most affordable Circle City apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
The Seminole1br1BR,1BA$833
Priscilla on PennsylvaniaStudio - Second FloorStudio,1BA$895
Christian Place Apartments251BR,1BA$950
Traymore ApartmentsOne Bedroom1BR,1BA$960
Lockefield GardensStandard One Bedroom (SR4)1BR,1BA$989

Best Value Apartments for Rent in Circle City, IN

As of May 27, 2025 the best value apartment in the Circle City area is the $1.08 price per square foot loft Model at Shoemaker Building in the in the Riley neighborhood starting from $1,950. The second greatest value Circle City apartment is the 2 Bedroom Model at 1301 N Alabama St starting at $2,250 with a $1.36 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$1.08
1301 N Alabama St2 Bedroom2BR,1BA$1.36
The Pointe on MassPark Avenue2BR,2BA$1.52
The Block1 Bedroom 1 Bath1BR,1BA$1.06
Gardens of Canal CourtTwo Bedroom Two Bath (1,311 Square Feet)2BR,2BA$1.28
707 NorthThe Lockerbie 60%2BR,2BA$1.41
Lockerbie Flats1 Bedroom1BR,2BA$1.48
Van DykeVan Dyke 1BTH 8821BR,1BA$1.34
The Seminole1br1BR,1BA$1.13
College Manor1 BR1BR,1BA$1.57

Frequently Asked Questions about Circle City

What type of rentals are currently available in Circle City?

There are currently 221 Apartments for Rent in Circle City, IN with pricing that ranges from $605 to $10,057. There are also 50 Single Family Homes for rent, Condos, and Townhome rentals currently available in Circle City ranging from $695 to $6,200.

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 $695 to $6,200 with an average monthly rent of $2,352.

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 $1,789 to $10,057, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,730 to $6,200. Four Bedroom Single-Family rentals are also available starting from $2,700 and Four Bedroom Apartments start at $989.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.