Cheap Homes for Rent in Cobblestone Neighborhood of Indianapolis, IN from $900 (8 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

property at 6536 Lupine Ter

$1,280

Total Monthly Price

Total Monthly Price

Base Rent
$1,280

Total Monthly Price
$1,280

2 Bedroom, 1 Bath Condo for Rent

Available Now

6536 Lupine Ter, Unit 6536 Lupine Terrace

6536 Lupine Ter
IndianapolisIN46224

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

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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 Wood Springs priced from $806. Mariners Village Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $868. Here are the most affordable Cobblestone apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
The Life at Wood Springs1 BEDROOM | 1 BATHROOM A1BR,1BA$806
Mariners Village Apartments1 Bedroom 1 Bathroom1BR,1BA$868
Fisherman's VillageA1 Cobalt1BR,1BA$877

Best Value Apartments for Rent in Cobblestone, IN

As of June 05, 2026 the best value apartment in the Cobblestone area is the $0.98 price per square foot 2 Bedroom 1 Bathroom Model at Mariners Village Apartments in the in the Timberview neighborhood starting from $1,164. The second greatest value Cobblestone apartment is the ?? Your Perfect 3 Bed / 1.5 Bath Small Townhome Model at Villa Del Sol Apartments starting at $1,315 with a $1.20 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.
Mariners Village Apartments2 Bedroom 1 Bathroom2BR,1BA$0.98
Villa Del Sol Apartments?? Your Perfect 3 Bed / 1.5 Bath Small Townhome3BR,1.5BA$1.20
The Life at Wood Springs2 BEDROOM | 2 BATHROOM B2BR,2BA$1.30
Scarborough Lake ApartmentsThe Day Sailor 2 BR 1 BA2BR,1BA$1.49
The Life at Northwest Gardens2 BED 1 BATH2BR,1BA$1.22
Pier 39 Apartments & TownhomesOne Bedroom One Bathroom1BR,1BA$1.48
Astoria Park Apartment HomesOne Bedroom - 712 sqft1BR,1BA$1.28
DeercrossSpruce1BR,1BA$1.48
Woodhaven ParkOne Bedroom One Bath1BR,1BA$1.38
Fisherman's VillageA1 Cobalt1BR,1BA$1.41

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

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.

Read Article
Decorative image

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

Read Article
Decorative image

Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

Read Article
Decorative image

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 #154

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

Frequently Asked Questions about Cobblestone

What type of rentals are currently available in Cobblestone?

There are currently 38 Apartments for Rent in Cobblestone, IN with pricing that ranges from $709 to $2,516. There are also 26 Single Family Homes for rent, Condos, and Townhome rentals currently available in Cobblestone ranging from $950 to $2,480.

What is the current price range for Rental Homes in Cobblestone?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Cobblestone ranges from $950 to $2,480 with an average monthly rent of $1,714.

How much are larger Three and Four Bedroom Rentals in Cobblestone?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Cobblestone range from $1,371 to $2,516, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,400 to $2,480. Four Bedroom Single-Family rentals are also available starting from $1,850 and Four Bedroom Apartments start at $2,399.

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

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 Your Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters article

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.

decorative image for Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods article

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.

decorative image for Indys Innovation Hub: Top Indianapolis Employers and the Neighborhoods that Welcome You Home article

Indys Innovation Hub: Top Indianapolis Employers and the Neighborhoods that Welcome You Home

Written by: Wendy Melton

Indianapolis is truly the heart of the Midwest. No matter what career path you choose, opportunities for advancement are everywhere.

Articles, How-To's, and Tips

decorative image for Pet-Friendly Renting: Everything You Need to Know Before You Move article

Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

decorative image for Creative Ways Developers Reimagine Retail Spaces as Residential Units  article

Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

decorative image for Neighborhood and Market Insights: How to Choose the Right Area to Rent   article

Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.