
Cheap Apartments for Rent in the Clearwater Neighborhood of Indianapolis, IN from $700 (30 Rentals)
Search the lowest-cost Apartments available for rent right now in the Clearwater area of Indianapolis.


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Lincolnshire Apartments

River Road Apartments

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Riverbend Apartments

Williamsburg North

Woodbridge Castleton

Veridian Castleton
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The Lodge at Trails Edge

Summit at Keystone

TGM Autumn Woods

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Chateau in the Woods

A62 Apartments

Castleton Manor Apartments

Northwood on the Trail
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TGM Avalon Lake

College Courts

River House

Scandia Apartments

Fountain Parc

Shore Acres

Lakeshore Apartments
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Quarry at River North

Ashton Brook

River Crossing

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Monon Living

River Ridge Apartments

VITRA Apartments

Versa
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Edgewater Apartments

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The Coil
Clearwater, Indianapolis, IN Local Guide

How much does it cost to rent an apartment in Clearwater?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Clearwater Studio Apartments | $1,321 | $729 | $5,069 |
| Clearwater 1 Bedroom Apartments | $1,374 | $875 | $2,944 |
| Clearwater 2 Bedroom Apartments | $1,621 | $997 | $3,195 |
| Clearwater 3 Bedroom Apartments | $2,095 | $1,294 | $5,067 |
| Clearwater 4 Bedroom Apartments | $1,775 | $1,700 | $1,850 |
Browse Apartments in this Neighborhood
There are currently 30 rentals with your search options within a 2 mile radius of the Clearwater Neighborhood of Indianapolis, IN.
See all Apartments in IndianapolisExplore Indianapolis
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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Hub at Nora | Studio Suite with Patio/Balcony - The Spark | Studio,1BA | $729 |
| Lincolnshire Apartments | 1 Bedroom Garden Level | 1BR,1BA | $875 |
| River Road Apartments | Villa | 1BR,1BA | $880 |
| Riverbend Apartments | Radiance | 1BR,1BA | $921 |
| Williamsburg North | Ashland | 1BR,1BA | $950 |
| Woodbridge Castleton | 1 Bedroom Apartment | 1BR,1BA | $958 |
| Veridian Castleton | A3 | 1BR,1BA | $974 |
| The Lodge at Trails Edge | The Elk | 1BR,1BA | $990 |
| Summit at Keystone | The Breckinridge | 2BR,1BA | $997 |
| TGM Autumn Woods | A1 | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Townes at Winthrop | 2 Bed, 2.5 Bath, 2 car Garage Townhome | 2BR,2.5BA | $1.19 |
| Somerset Lakes | Sanctuary: Two Bedroom Apartment | 2BR,2BA | $1.11 |
| Veridian Castleton | B4 - Townhome | 2BR,1.5BA | $1.15 |
| Ivy Knoll Apartments | 2Bd/2Ba Dn W/D | 2BR,2BA | $1.21 |
| Northwood on the Trail | Sugar Maple | 2BR,1BA | $1.40 |
| Edgewater Apartments | 1 Bedroom | 1BR,1BA | $1.42 |
| Castleton Manor Apartments | The Banyan | 1BR,1.5BA | $1.25 |
| Williamsburg North | Ashland | 1BR,1BA | $1.21 |
| Woodbridge Castleton | 1 Bedroom Apartment | 1BR,1BA | $1.36 |
| Summit at Keystone | The Aspen | 1BR,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.
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.

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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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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.
Articles, How-To's, and Tips

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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.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.