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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Showing Results 1-30, 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. 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 Suite with Patio/Balcony - The SparkStudio,1BA$749
River Road ApartmentsVilla1BR,1BA$880
Summit at KeystoneThe Aspen1BR,1BA$919
Scandia ApartmentsDannenborg1BR,1BA$944
Williamsburg NorthAshland1BR,1BA$950
The Lodge at Trails EdgeThe Elk1BR,1BA$952
Woodbridge Castleton1 Bedroom Apartment1BR,1BA$973
TGM Autumn WoodsA11BR,1BA$999
Castleton Manor ApartmentsThe Banyan1BR,1BA$999
Northwood on the TrailRedbud1BR,1BA$1,000

Best Value Apartments for Rent in Clearwater, IN

As of April 18, 2026 the best value apartment in the Clearwater area is the $1.09 price per square foot Sanctuary: Two Bedroom Apartment Model at Somerset Lakes in the in the Nora neighborhood starting from $1,456. 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.
Somerset LakesSanctuary: Two Bedroom Apartment2BR,2BA$1.09
Veridian CastletonB4 - Townhome2BR,1.5BA$1.15
Ivy Knoll Apartments2Bd/2Ba Dn W/D2BR,2BA$1.17
Lake Clearwater ApartmentsMallard2BR,2BA$1.35
Chateau in the Woods2 Bd/2 Ba Large BRDX2BR,2BA$1.04
Jade North ApartmentsPlan E3BR,1.5BA$1.12
Castleton Manor ApartmentsThe Banyan1BR,1.5BA$1.25
Williamsburg NorthAshland1BR,1BA$1.21
Scandia ApartmentsTivoli1BR,1BA$1.27
Summit at KeystoneThe Aspen1BR,1BA$1.31

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 $1,000.

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 $2,085.

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 65 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 $164 which is $1,921 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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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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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.

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Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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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.