Cheap Apartments for Rent in the Clearwater Neighborhood of Indianapolis, IN from $700 (34 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 1-34, 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 $749. Riverbend Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $858. 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 - The SparkStudio,1BA$749
Riverbend ApartmentsBarcelona1BR,1BA$858
College Courts1 Bed/1 Bath Dn (A)1BR,1BA$864
Lincolnshire ApartmentsStudio Upper LevelsStudio,1BA$875
River Road ApartmentsVilla1BR,1BA$880
A62 ApartmentsLePetit1BR,1BA$899
Jade North ApartmentsPlan FStudio,1BA$900
Williamsburg NorthAshland1BR,1BA$950
The Lodge at Trails EdgeThe Elk1BR,1BA$977
TGM Autumn WoodsA11BR,1BA$999

Best Value Apartments for Rent in Clearwater, IN

As of January 08, 2026 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 B4 - Townhome Model at Veridian Castleton starting at $1,428 with a $1.15 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$1.19
Veridian CastletonB4 - Townhome2BR,1.5BA$1.15
Ivy Knoll Apartments2Bd/2Ba Dn W/D2BR,2BA$1.25
Somerset LakesRetreat: One Bedroom Apartment1BR,1BA$1.20
Northwood on the TrailSugar Maple2BR,1BA$1.40
Scandia ApartmentsDannenborg1BR,1.5BA$1.30
Riverbend ApartmentsNaples1BR,1BA$1.41
Castleton Manor ApartmentsThe Banyan1BR,1.5BA$1.25
Williamsburg NorthAshland1BR,1BA$1.21
Chateau in the Woods1 Bd/1 Ba Sm ABY1BR,1BA$1.40

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 $999.

What is the price of a cheap apartment in Clearwater?

The cheapest apartment in Clearwater is Riverbend Apartments which is listed at $858, while the average apartment in Clearwater costs $1,914.

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 115 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 $213 which is $1,701 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.

Helpful Local Expert Guides

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A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Indianapolis

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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.

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

Written by: Wendy Melton

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