Cheap Apartments for Rent in the Clearwater Neighborhood of Indianapolis, IN from $849 (37 Rentals)

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

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Showing Results 1-37, Page 1 of 1

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 $849. River Road Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $880. Here are the most affordable Clearwater apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
The Hub at NoraStudio - The CoreStudio,1BA$849
River Road ApartmentsVilla1BR,1BA$880
Northwood on the TrailRedbud1BR,1BA$922
Summit at KeystoneThe Aspen1BR,1BA$949
Williamsburg NorthAshland1BR,1BA$950
College Courts1 Bed/1 Bath Up (D)1BR,1BA$994
Castleton Manor ApartmentsThe Banyan1BR,1BA$999
TGM Avalon LakeA11BR,1BA$999
TGM Autumn WoodsA11BR,1BA$1,020
The Lodge at Trails EdgeThe Elk1BR,1BA$1,021

Best Value Apartments for Rent in Clearwater, IN

As of September 12, 2026 the best value apartment in the Clearwater area is the $1.36 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 $2,450. The second greatest value Clearwater apartment is the B4 - Townhome Model at Veridian Castleton starting at $1,470 with a $1.18 price per square foot in the Berkley Place 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$1.36
Veridian CastletonB4 - Townhome2BR,1.5BA$1.18
Ivy Knoll Apartments2Bd/2Ba Dn W/D2BR,2BA$1.17
Summit at KeystoneThe Vail Deluxe3BR,1.5BA$1.42
Jade North ApartmentsPlan D2BR,2BA$1.13
Woodbridge Castleton2 Bedroom Townhome2BR,1.5BA$1.39
Castleton Manor ApartmentsThe Banyan1BR,1.5BA$1.25
Williamsburg NorthAshland1BR,1BA$1.21
Northwood on the TrailRedbud1BR,1BA$1.27
TGM Autumn WoodsA11BR,1BA$1.44

Frequently Asked Questions about Cheap Clearwater Apartments

What is a cheap apartment in Clearwater?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Clearwater is under $1,021.

What is the price of a cheap apartment in Clearwater?

The cheapest apartment in Clearwater is River Road Apartments which is listed at $880, while the average apartment in Clearwater costs $1,518.

What types of apartments are the cheapest in Clearwater?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 64 regular apartments in Clearwater that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Clearwater?

Cheap apartments in Clearwater have an average cost of $192 which is $1,326 cheaper than the average rent for all rentals in Clearwater.

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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