
Cheap Apartments for Rent in the Cobblestone Neighborhood of Indianapolis, IN from $600 (16 Rentals)
Search the lowest-cost Apartments available for rent right now in the Cobblestone area of Indianapolis.


Marabou Mills

The Life at Wood Springs

Scarborough Lake Apartments

Mariners Village Apartments
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Cobblestone, Indianapolis, IN Local Guide

How much does it cost to rent an apartment in Cobblestone?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cobblestone Studio Apartments | $818 | $740 | $904 |
| Cobblestone 1 Bedroom Apartments | $1,077 | $709 | $1,425 |
| Cobblestone 2 Bedroom Apartments | $1,345 | $999 | $2,657 |
| Cobblestone 3 Bedroom Apartments | $1,696 | $1,449 | $2,400 |
| Cobblestone 4 Bedroom Apartments | $2,399 | $2,399 | $2,399 |
Browse Apartments in this Neighborhood
There are currently 16 rentals with your search options within a 2 mile radius of the Cobblestone Neighborhood of Indianapolis, IN.
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Cobblestone, Indianapolis, IN Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Life at Northwest Gardens | 1 BED 1 BATH | 1BR,1BA | $709 |
| Marabou Mills | Studio | Studio,1BA | $740 |
| The Life at Wood Springs | 1 BEDROOM | 1 BATHROOM A | 1BR,1BA | $780 |
| Windmill | Studio | Studio,1BA | $799 |
| Scarborough Lake Apartments | The Sunset 1 BR 1 BA | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Life at Wood Springs | 3 BEDROOM | 2 BATHROOM | 3BR,2BA | $1.32 |
| Center Point | 2 Bed 2 Bath Renovated | 2BR,2BA | $1.40 |
| Pebble Point | Escape | 2BR,2BA | $1.23 |
| Villa Del Sol Apartments | Spacious one bed one bathroom apartment | 1BR,1BA | $1.04 |
| Pier 39 Apartments & Townhomes | One Bedroom One Bathroom | 1BR,1BA | $1.41 |
| Astoria Park Apartment Homes | One Bedroom - 670 sqft | 1BR,1BA | $1.37 |
| Deercross Apartments | Spruce | 1BR,1BA | $1.48 |
| Woodhaven Park | One Bedroom One Bath | 1BR,1BA | $1.41 |
| Scarborough Lake Apartments | The Sunset 1 BR 1 BA | 1BR,1BA | $1.44 |
| The Life at Northwest Gardens | 1 BED 1 BATH | 1BR,1BA | $1.29 |
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Read ArticleYour 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
Read ArticleQuick 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 LifestyleCobblestone, Indianapolis, IN
Ranked #157
Among cities in Indiana for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.0Pet Friendly
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

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