Cheap Apartments for Rent in the Cobblestone Neighborhood of Indianapolis, IN from $600 (16 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Cobblestone area of Indianapolis.

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Whispering Pines
1 to 3 Bedroom Apartments

Whispering Pines

4444 Mission DrIndianapolis, IN 46254
  • Utilities Included
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Windmill
Studio to 2 Bedroom Apartments

Windmill

10705 E Us-136Indianapolis, IN 46234

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Discover the heart of the Midwest! Learn about popular Indianapolis neighborhoods to rent like Speedway and Eagledale, plus top universities and can't-miss places to eat.

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Heather Ridge
1 to 3 Bedroom Apartments

Heather Ridge

3245 Heather Ridge DrIndianapolis, IN 46214
  • Utilities Included

Cobblestone, Indianapolis, IN Local Guide

Cheapest Available Cobblestone Apartments for Rent

 

The cheapest available apartment rental in the Cobblestone area of Indianapolis, IN is a 1 Bed unit found at The Life at Northwest Gardens priced from $709. Marabou Mills has the second lowest priced unit, which is a Studio apartment currently listed from $740. Here are the most affordable Cobblestone apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
The Life at Northwest Gardens1 BED 1 BATH1BR,1BA$709
Marabou MillsStudioStudio,1BA$740
The Life at Wood Springs1 BEDROOM | 1 BATHROOM A1BR,1BA$780
WindmillStudioStudio,1BA$799
Scarborough Lake ApartmentsThe Sunset 1 BR 1 BA1BR,1BA$808

Best Value Apartments for Rent in Cobblestone, IN

As of March 06, 2026 the best value apartment in the Cobblestone area is the $1.32 price per square foot 3 BEDROOM | 2 BATHROOM Model at The Life at Wood Springs in the in the Timberview neighborhood starting from $1,628. The second greatest value Cobblestone apartment is the 2 Bed 2 Bath Renovated Model at Center Point starting at $1,640 with a $1.40 price per square foot in the Timberview neighborhood. Here is today’s list of the best values for Cobblestone apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Life at Wood Springs3 BEDROOM | 2 BATHROOM3BR,2BA$1.32
Center Point2 Bed 2 Bath Renovated2BR,2BA$1.40
Pebble PointEscape2BR,2BA$1.23
Villa Del Sol ApartmentsSpacious one bed one bathroom apartment1BR,1BA$1.04
Pier 39 Apartments & TownhomesOne Bedroom One Bathroom1BR,1BA$1.41
Astoria Park Apartment HomesOne Bedroom - 670 sqft1BR,1BA$1.37
Deercross ApartmentsSpruce1BR,1BA$1.48
Woodhaven ParkOne Bedroom One Bath1BR,1BA$1.41
Scarborough Lake ApartmentsThe Sunset 1 BR 1 BA1BR,1BA$1.44
The Life at Northwest Gardens1 BED 1 BATH1BR,1BA$1.29

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Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Your Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters

Learn About the Best Neighborhoods to Rent Near College Campuses in Indianapolis, IN | Find Charlotte Indianapolis Student Housing at ApartmentHomeLiving.com

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Pet Friendly Lifestyle
Cobblestone, Indianapolis, IN

Ranked #157

Among cities in Indiana for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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Lifestyle Ratings

ApartmentHomeLiving brings you Lifestyle Ratings of rentals and neighborhoods across the USA, and customized analysis for Northwestern Indianapolis. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including rankings of the best places for convenient access to the outdoors, luxury amenities, pet-friendly features, apartment complexes for the kids, proximity to transit, walking, and biking. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap Cobblestone Apartments

What is the price of a cheap apartment in Cobblestone?

The cheapest apartment in Cobblestone is The Life at Northwest Gardens which is listed at $709, while the average apartment in Cobblestone costs $2,399.

What types of apartments are the cheapest in Cobblestone?

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 69 regular apartments in Cobblestone 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 Cobblestone?

Cheap apartments in Cobblestone have an average cost of $485 which is $1,914 cheaper than the average rent for all rentals in Cobblestone.

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

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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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

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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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

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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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

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.

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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.