Cheap Apartments for Rent in the Cobblestone Neighborhood of Indianapolis, IN from $600 (18 Rentals)

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Cheap Apartments in the Cobblestone area of Indianapolis.

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

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Whispering Pines
1 to 3 Bedroom Apartments

Whispering Pines

4444 Mission DrIndianapolis, IN 46254
  • Utilities Included
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Heather Ridge
1 to 3 Bedroom Apartments

Heather Ridge

3245 Heather Ridge DrIndianapolis, IN 46214
  • Utilities Included

Cobblestone - One of the Best Affordable Neighborhoods in Indianapolis

Named as one of the Best Affordable Neighborhoods to rent in Indianapolis by our Local Expert Wendy Melton. See how it ranks!

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Showing Results 1-18, 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 Mariners Village priced from $748. Scarborough Lake Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $775. Here are the most affordable Cobblestone apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Mariners VillageStudioStudio,1BA$748
Scarborough Lake ApartmentsThe Sand Dollar StudioStudio,1BA$775
Pebble PointThe Bliss1BR,1BA$815
Woodhaven ParkOne Bedroom One Bath1BR,1BA$845
The Life at Wood Springs1 BEDROOM | 1 BATHROOM A1BR,1BA$886

Best Value Apartments for Rent in Cobblestone, IN

As of May 04, 2025 the best value apartment in the Cobblestone area is the $1.38 price per square foot Canadian Upgraded Model at EAGLE CHASE APARTMENTS in the in the Timberview neighborhood starting from $1,507. The second greatest value Cobblestone apartment is the Barton-Renovated Model at Eagle Creek Apartments starting at $1,392 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.
EAGLE CHASE APARTMENTSCanadian Upgraded2BR,2BA$1.38
Eagle Creek ApartmentsBarton-Renovated2BR,1BA$1.38
Deercross ApartmentsOak2BR,2BA$1.38
Fishermans VillageSapphire2BR,2BA$1.37
Pier 39 Apartments & TownhomesOne Bedroom One Bathroom1BR,1BA$1.42
Pebble PointThe Bliss1BR,1BA$1.21
Astoria Park Apartment HomesOne Bedroom - 670 sqft1BR,1BA$1.47
Woodhaven ParkOne Bedroom One Bath1BR,1BA$1.30
The Life at Wood Springs1 BEDROOM | 1 BATHROOM A1BR,1BA$1.40
Mariners VillageStudioStudio ,1BA$1.24

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Cobblestone, Indianapolis, IN

Ranked #76

Among neighborhoods in Indianapolis, IN for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
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 a cheap apartment in Cobblestone?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Cobblestone is under $1,000.

What is the price of a cheap apartment in Cobblestone?

The cheapest apartment in Cobblestone is Scarborough Lake Apartments which is listed at $815, while the average apartment in Cobblestone costs $2,335.

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 16 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 $291 which is $2,044 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.

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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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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.