Cheap Apartments for Rent in the Clearwater Neighborhood of Indianapolis, IN from $600 (21 Rentals)

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

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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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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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

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Showing Results 1-21, Page 1 of 1

Clearwater, Indianapolis, IN Local Guide

Cheapest Available Clearwater Apartments for Rent

 

The cheapest available apartment rental in the Clearwater area of Indianapolis, IN is a Studio unit found at The Hub at Nora priced from $725. Wellington Square Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $926. Here are the most affordable Clearwater apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
The Hub at NoraStudio Suite with Patio/Balcony - 467 Sq FtStudio,1BA$725
Wellington Square Apartments1BR/1BA1BR,1BA$926
Scandia ApartmentsTivoli1BR,1BA$944
Jade North ApartmentsPlan G1BR,1BA$950
Williamsburg NorthAshland1BR,1BA$950

Best Value Apartments for Rent in Clearwater, IN

As of July 14, 2025 the best value apartment in the Clearwater area is the $1.19 price per square foot 2 Bed, 2.5 Bath, 2 car Garage Townhome Model at Townes at Winthrop in the in the Warfleigh neighborhood starting from $2,200. The second greatest value Clearwater apartment is the Bordeaux Model at The Retreat at Carmel starting at $2,018 with a $1.31 price per square foot in the Nora neighborhood. Here is today’s list of the best values for Clearwater apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Townes at Winthrop2 Bed, 2.5 Bath, 2 car Garage Townhome2BR,2.5BA$1.19
The Retreat at CarmelBordeaux2BR,2BA$1.31
Veridian CastletonB4 - Townhome2BR,1.5BA$1.13
Ivy Knoll Apartments2Bd/2Ba Up W/D2BR,2BA$1.17
Somerset LakesLeisure: One Bedroom Apartment With Den1BR,1BA$1.31
TGM Autumn WoodsB12BR,1BA$1.29
Castleton Manor ApartmentsThe Banyan1BR,1.5BA$1.33
Williamsburg NorthAshland1BR,1BA$1.21
Scandia ApartmentsTivoli1BR,1BA$1.21
Jade North ApartmentsPlan G1BR,1BA$1.29

Quick Rent Budget Calculator

How much rent can you afford?

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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Pet Friendly Lifestyle
Clearwater, Indianapolis, IN

Ranked #28

Among neighborhoods in Indianapolis, IN for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Getting Around the Clearwater Neighborhood in Indianapolis, IN

Walk Score®

59 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

47 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

22 / 100

Minimal Transit

It may be possible to get on a bus

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Clearwater Apartments

What is the Cheapest Studio apartment in Clearwater?

Currently the most affordable Cheap Studio Apartment in Clearwater is at The Hub at Nora listed at $725.

How much is rent for a Cheap One Bedroom Clearwater Apartment?

The lowest price for a Cheap One Bedroom Clearwater Apartment is $895 at The Hub at Nora.

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

Today's best deal for a Cheap Two Bedroom Apartment in Clearwater is starting from $995 at The Hub at Nora.

What is the most affordable Clearwater Three Bedroom Apartment?

The best deal on a cheap Clearwater Three Bedroom Apartment rental is at Williamsburg North and starts from $1,350.

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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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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.