
Cheap Apartments for Rent in the Clearwater Neighborhood of Indianapolis, IN from $800 (10 Rentals)
Search the lowest-cost Apartments available for rent right now in the Clearwater area of Indianapolis.


A62 Apartments

TGM Autumn Woods

Riverbend Apartments

TGM Avalon Lake
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.

Solana Apartments

Fountain Parc

Lake Clearwater Apartments

Ironworks at Keystone

Ivy Knoll Apartments
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Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
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 | $1,361 | $1,348 | $1,375 |
Clearwater 1 Bedroom Apartments | $1,330 | $850 | $2,064 |
Clearwater 2 Bedroom Apartments | $1,706 | $1,105 | $2,711 |
Clearwater 3 Bedroom Apartments | $2,216 | $1,525 | $3,431 |
Browse Apartments in this Neighborhood
There are currently 10 rentals with your search options within a 2 mile radius of the Clearwater Neighborhood of Indianapolis, IN.
See all Apartments in IndianapolisExplore Indianapolis
Clearwater, Indianapolis, IN Local Guide
- Nearby Indianapolis neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Clearwater Apartments for Rent
 The cheapest available apartment rental in the Clearwater area of Indianapolis, IN is a 1 Bed unit found at A62 Apartments priced from $891. TGM Autumn Woods has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,099. Here are the most affordable Clearwater apartments for rent in Indianapolis, IN:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
A62 Apartments | LePetit Luxe | 1BR,1BA | $891 |
TGM Autumn Woods | A2 | 1BR,1BA | $1,099 |
Riverbend Apartments | Monte Carlo | 1BR,1BA | $1,129 |
Best Value Apartments for Rent in Clearwater, IN
As of May 28, 2025 the best value apartment in the Clearwater area is the $1.36 price per square foot Amber Model at Solana Apartments in the in the Nora neighborhood starting from $1,751. The second greatest value Clearwater apartment is the 2Bd/2Ba Dn W/D Model at Ivy Knoll Apartments starting at $1,429 with a $1.20 price per square foot in the Roxbury 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. |
---|---|---|---|
Solana Apartments | Amber | 2BR,2BA | $1.36 |
Ivy Knoll Apartments | 2Bd/2Ba Dn W/D | 2BR,2BA | $1.20 |
Somerset Lakes | Leisure: One Bedroom Apartment With Den | 1BR,1BA | $1.34 |
Riverbend Apartments | Dublin | 1BR,1BA | $1.69 |
TGM Autumn Woods | B1 | 2BR,1BA | $1.50 |
Lake Clearwater Apartments | Crane | 1BR,1BA | $1.84 |
Fountain Parc | The Wealth | 1BR,1BA | $1.65 |
TGM Avalon Lake | A2 | 1BR,1BA | $1.80 |
A62 Apartments | LePetit | 1BR,1BA | $1.60 |
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.
Pet Friendly LifestyleClearwater, Indianapolis, IN
Ranked #162
Among neighborhoods in Indianapolis, IN for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
2.5Pet Friendly
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 price of a cheap apartment in Clearwater?
The cheapest apartment in Clearwater is A62 Apartments which is listed at $891, while the average apartment in Clearwater costs $1,849.
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 6 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 $270 which is $1,579 cheaper than the average rent for all rentals in Clearwater.
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.

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