Cheap Apartments for Rent in the Cottage Home Neighborhood of Indianapolis, IN from $400 (33 Rentals)

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

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Lockerbie Flats
$1,095
Total Monthly Price

Total Monthly Price

Base Rent
$1,095
Total Monthly Price
$1,095
Studio Apartments Available Now

Lockerbie Flats

619 Vermont PlIndianapolis, IN 46202
Transit Friendly
  • Verified
  • Utilities Included
  • 3D Tour
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Ralston Apartments
Rent Specials
$1,175 - $3,496
Total Monthly Price

Total Monthly Price

Base Rent
$1,121 - $3,442
Required Monthly Fees
$54
Total Monthly Price
$1,175 - $3,496
1 to 4 Bedroom Apartments Available Now

Ralston Apartments

1201 Indiana AveIndianapolis, IN 46202
Furnished
  • Verified
  • Customer Reviewed
  • Utilities Included

Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods

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Showing Results 1-33, Page 1 of 1

Cottage Home, Indianapolis, IN Local Guide

Cheapest Available Cottage Home Apartments for Rent

 

The cheapest available apartment rental in the Cottage Home area of Indianapolis, IN is a 1 Bed unit found at Volrath priced from $649. INDY FLATS has the second lowest priced unit, which is a Studio apartment currently listed from $655. Here are the most affordable Cottage Home apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Volrath**Free Month of Rent ** 128 E Palmer St - Studio1BR,1BA$649
INDY FLATSSherwood Std DStudio,1BA$655
9 On CanalStudio - StockholmStudio,1BA$895
The Courts Apartment Homes2x1 Classic2BR,1BA$899
Priscilla on PennsylvaniaStudio- 1st Floor CornerStudio,1BA$899
Madison LoftsThe Flat 1x11BR,1BA$899
Artistry IndyEdie (EcoSuite)Studio,1BA$911
Trail SideA1BR,1BA$938
Devonshire Apartments in Downtown Indianapolis1BR/1.0BA1BR,1BA$990
1010 CentralGarage 60%1BR,1BA$999

Best Value Apartments for Rent in Cottage Home, IN

As of February 24, 2026 the best value apartment in the Cottage Home area is the $1.39 price per square foot 3 Bedroom 2 Bath Model at The Block in the in the Riley neighborhood starting from $2,459. The second greatest value Cottage Home apartment is the F Model at Townhomes at Fall Creek Place starting at $1,626 with a $1.61 price per square foot in the Near North Indianapolis neighborhood. Here is today’s list of the best values for Cottage Home apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Block3 Bedroom 2 Bath3BR,2BA$1.39
Townhomes at Fall Creek PlaceF2BR,1BA$1.61
The E'LaanThe Vonnegut1BR,1BA$1.69
Trail SideA1BR,1BA$1.12
The Courts Apartment Homes2x1 Classic2BR,1BA$1.15
Maxwell ApartmentsAmsterdam1BR,1BA$1.50
522 Fletcher Ave1BR/1.5BA1BR,1.5BA$1.40
Lockerbie FlatsStudioStudio ,1BA$1.62
Madison LoftsThe Flat 1x11BR,1BA$1.44
Volrath1BR/1.0BA1BR,1BA$1.46

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

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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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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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.

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Pet Friendly Lifestyle
Cottage Home, Indianapolis, IN

Ranked #18

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Frequently Asked Questions about Cheap Cottage Home Apartments

What is a cheap apartment in Cottage Home?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Cottage Home is under $999.

What is the price of a cheap apartment in Cottage Home?

The cheapest apartment in Cottage Home is Volrath which is listed at $649, while the average apartment in Cottage Home costs $2,679.

What types of apartments are the cheapest in Cottage Home?

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 131 regular apartments in Cottage Home 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 Cottage Home?

Cheap apartments in Cottage Home have an average cost of $405 which is $2,274 cheaper than the average rent for all rentals in Cottage Home.

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.