
Cheap Homes for Rent in Circle City Neighborhood of Indianapolis, IN from $800 (10 Rentals)
Search the lowest-cost Homes available for rent right now in the Circle City area of Indianapolis.


145 E 14th St

230 E 9th St

312 E 13th St

230 E 9th St, Unit 304, Unit 304
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.

55 S Harding St

707 Stevens St

651 Birch Ave

1532 N College Ave

825 Camp St
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.
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 | $2,440 | $845 | $3,800 |
| Circle City 3 Bedroom Homes for Rent | $3,181 | $1,800 | $5,000 |
| Circle City 4 Bedroom Homes for Rent | $2,800 | $2,800 | $2,800 |
Browse Homes for Rent in this Neighborhood
There are currently 10 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 632MLK priced from $200. INDY FLATS has the second lowest priced unit, which is a Studio apartment currently listed from $655. Here are the most affordable Circle City apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 632MLK | Waiting List | Studio,1BA | $200 |
| INDY FLATS | Sherwood Std D | Studio,1BA | $655 |
| Dunbar Court | Studio | Studio,1BA | $665 |
Best Value Apartments for Rent in Circle City, IN
As of April 22, 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 3 Bedroom 2 Bath Model at The Block starting at $2,639 with a $1.49 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. |
|---|---|---|---|
| Shoemaker Building | loft | 2BR,2BA | $0.97 |
| 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 |
| The E'Laan | The Vonnegut | 1BR,1BA | $1.39 |
| Drake Street Garden Homes | Two Bedroom | 2BR,1BA | $1.30 |
| Trail Side | A | 1BR,1BA | $1.12 |
| 522 Fletcher Ave | *ONE FREE MONTH OF RENT* 522 Fletcher Ave - 1 ... | 1BR,1BA | $1.40 |
| Utomin Apartments | 1 Bedroom Sublevel | 1BR,1BA | $1.37 |
Frequently Asked Questions about Circle City
What type of rentals are currently available in Circle City?
There are currently 219 Apartments for Rent in Circle City, IN with pricing that ranges from $200 to $6,518. There are also 66 Single Family Homes for rent, Condos, and Townhome rentals currently available in Circle City ranging from $845 to $5,000.
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 $845 to $5,000 with an average monthly rent of $2,469.
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 $6,518, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,800 to $5,000. Four Bedroom Single-Family rentals are also available starting from $2,800 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.
Helpful Local Expert Guides

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.

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.

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

Indys Innovation Hub: Top Indianapolis Employers and the Neighborhoods that Welcome You Home
Written by: Wendy Melton
Indianapolis is truly the heart of the Midwest. No matter what career path you choose, opportunities for advancement are everywhere.
Articles, How-To's, and Tips

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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.

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.

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.