Cheap Apartments for Rent in the Clearwater Neighborhood of Indianapolis, IN from $700 (30 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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Lincolnshire Apartments
$875
Total Monthly Price

Total Monthly Price

Base Rent
$838
Required Monthly Fees
$37

Total Monthly Price
$875
1 Bedroom Apartments Available Now

Lincolnshire Apartments

6221 N College AveIndianapolis, IN 46220
Affordability
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  • Utilities Included
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Riverbend Apartments
Rent Specials
$921 - $1,794
Total Monthly Price

Total Monthly Price

Base Rent
$846 - $1,719
Required Monthly Fees
$75

Total Monthly Price
$921 - $1,794
1 to 2 Bedroom Apartments Available Now

Riverbend Apartments

8850 River Bend PkyIndianapolis, IN 46250
Active Lifestyle
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Chateau in the Woods
$999 - $1,581
Total Monthly Price

Total Monthly Price

Base Rent
$950 - $1,532
Required Monthly Fees
$49

Total Monthly Price
$999 - $1,581
1 to 3 Bedroom Apartments Available Now

Chateau in the Woods

4020 Monaco DrIndianapolis, IN 46220
Corporate Housing
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Monon Living
Rent Specials
$1,255 - $3,097
Total Monthly Price

Total Monthly Price

Base Rent
$1,172 - $3,014
Required Monthly Fees
$83

Total Monthly Price
$1,255 - $3,097
1 to 3 Bedroom Apartments Available Now

Monon Living

5934 Carvel AveIndianapolis, IN 46220
Corporate Housing
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  • 3D Tour

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The Coil
Rent Specials
$1,295 - $3,295
Total Monthly Price

Total Monthly Price

Base Rent
$1,113 - $3,113
Required Monthly Fees
$182

Total Monthly Price
$1,295 - $3,295
Studio to 2 Bedroom Apartments Available Now

The Coil

6349 N College AveIndianapolis, IN 46220
Luxury
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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 $729. Lincolnshire Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $875. 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$729
Lincolnshire Apartments1 Bedroom Garden Level1BR,1BA$875
River Road ApartmentsVilla1BR,1BA$880
Riverbend ApartmentsRadiance1BR,1BA$921
Williamsburg NorthAshland1BR,1BA$950
Woodbridge Castleton1 Bedroom Apartment1BR,1BA$958
Veridian CastletonA31BR,1BA$974
The Lodge at Trails EdgeThe Elk1BR,1BA$990
Summit at KeystoneThe Breckinridge2BR,1BA$997
TGM Autumn WoodsA11BR,1BA$999

Best Value Apartments for Rent in Clearwater, IN

As of March 03, 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 Sanctuary: Two Bedroom Apartment Model at Somerset Lakes starting at $1,482 with a $1.11 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
Somerset LakesSanctuary: Two Bedroom Apartment2BR,2BA$1.11
Veridian CastletonB4 - Townhome2BR,1.5BA$1.15
Ivy Knoll Apartments2Bd/2Ba Dn W/D2BR,2BA$1.21
Northwood on the TrailSugar Maple2BR,1BA$1.40
Edgewater Apartments1 Bedroom1BR,1BA$1.42
Castleton Manor ApartmentsThe Banyan1BR,1.5BA$1.25
Williamsburg NorthAshland1BR,1BA$1.21
Woodbridge Castleton1 Bedroom Apartment1BR,1BA$1.36
Summit at KeystoneThe Aspen1BR,1BA$1.43

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 Lincolnshire Apartments which is listed at $875, while the average apartment in Clearwater costs $1,884.

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 97 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 $212 which is $1,672 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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