Cheap Apartments for Rent in the Cobblestone Neighborhood of Indianapolis, IN from $600 (19 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

close
View Me
Whispering Pines
1 to 3 Bedroom Apartments

Whispering Pines

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

Windmill

10705 E Us-136Indianapolis, IN 46234
close
View Me
Heather Ridge
1 to 3 Bedroom Apartments

Heather Ridge

3245 Heather Ridge DrIndianapolis, IN 46214
  • Utilities Included
Showing Results 1-19, Page 1 of 1

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 Studio unit found at Marabou Mills priced from $740. Woodhaven Park has the second lowest priced unit, which is a 1 Bed apartment currently listed from $845. Here are the most affordable Cobblestone apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Marabou MillsStudioStudio,1BA$740
Woodhaven ParkOne Bedroom One Bath1BR,1BA$845
Scarborough Lake ApartmentsThe Sunset 1 BR 1 BA1BR,1BA$851
The Life at Northwest Gardens1 BED 1 BATH1BR,1BA$875
Loch Haven ApartmentsSurge1BR,1BA$937

Best Value Apartments for Rent in Cobblestone, IN

As of October 19, 2025 the best value apartment in the Cobblestone area is the $1.12 price per square foot 5831 Suburban Dr Model at 5831 Suburban Dr, Unit Home For Rent in the in the Cheswick Place neighborhood starting from $2,695. The second greatest value Cobblestone apartment is the Redbud Model at Park at Eagle Creek starting at $1,745 with a $1.38 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.
5831 Suburban Dr, Unit Home For Rent5831 Suburban Dr5BR,2.5BA$1.12
Park at Eagle CreekRedbud3BR,2BA$1.38
EAGLE CHASE APARTMENTSAmerican Upgraded2BR,2BA$1.38
Waterfront PointeThe Lakeside - Downstairs3BR,2BA$1.43
Center Point2 Bed 2 Bath Renovated2BR,2BA$1.37
Deercross ApartmentsOak2BR,2BA$1.38
Pier 39 Apartments & TownhomesTwo Bedroom Two Bathroom2BR,2BA$1.42
Fishermans VillageIndigo2BR,1BA$1.24
Eagle CreekRise1BR,1BA$1.32
Woodhaven ParkOne Bedroom One Bath1BR,1BA$1.30

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.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Cobblestone, Indianapolis, IN

Ranked #169

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

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

decorative image of woman handing cat to small boy

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 Woodhaven Park which is listed at $845, while the average apartment in Cobblestone costs $2,695.

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 20 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 $702 which is $1,993 cheaper than the average rent for all rentals in Cobblestone.

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.

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

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.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.