Cheap Apartments for Rent in the Delaware Trail Neighborhood of Indianapolis, IN from $500 (50 Rentals)

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

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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.

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property at 5964 Keensburg Dr

$2,535

Total Monthly Price

Total Monthly Price

Base Rent
$2,535
Total Monthly Price
$2,535

4 Bedroom, 2.5 Bath Rentals

Available Now

5964 Keensburg Dr

IndianapolisIN46228
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Shore Acres
Studio to 3 Bedroom Apartments

Shore Acres

1105 Westfield Ct WIndianapolis, IN 46240
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Hampshire Court
1 to 2 Bedroom Apartments

Hampshire Court

2455 Rolls DrIndianapolis, IN 46268

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Reflections Apartments
Studio to 3 Bedroom Apartments

Reflections Apartments

7999 Silverleaf DrIndianapolis, IN 46260
Corporate Housing
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The Meridian North
1 to 3 Bedroom Apartments

The Meridian North

2100 Westlane RdIndianapolis, IN 46260
Corporate Housing
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Monon Walk Apartments
Studio to 1 Bedroom Apartments

Monon Walk Apartments

6115 Winthrop AveIndianapolis, IN 46220
  • Utilities Included
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The Jameson
1 to 2 Bedroom Apartments

The Jameson

1854 Century WayIndianapolis, IN 46260

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

Discover the heart of the Midwest! Learn about popular Indianapolis neighborhoods to rent like Speedway and Eagledale, plus top universities and can't-miss places to eat.

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Showing Results 1-50, Page 1 of 1

Delaware Trail, Indianapolis, IN Local Guide

Cheapest Available Delaware Trail Apartments for Rent

 

The cheapest available apartment rental in the Delaware Trail area of Indianapolis, IN is a 1 Bed unit found at The Meridian North and South priced from $784. Broad Ripple Trails has the second lowest priced unit, which is a Studio apartment currently listed from $799. Here are the most affordable Delaware Trail apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
The Meridian North and SouthA2S South1BR,1BA$784
Broad Ripple TrailsSTUD-SStudio,1BA$799
Reflections ApartmentsExpressionsStudio,1BA$799
Carlton ApartmentsVilla1BR,1BA$800
Turtle Creek - IndianapolisStudio ShellStudio,1BA$859
LandmarkRanierStudio,1BA$870
Carrollton Manor Apartments1 Bed 1 Bath Unfurnished1BR,1BA$900
Wellington Square Apartments1BR/1BA1BR,1BA$926
The Pines at SoBro1 Bedroom 1 Bath Apartment - Classic1BR,1BA$929
Meridian Lakes1Bed/1Ba-Up (C)1BR,1BA$944

Best Value Apartments for Rent in Delaware Trail, IN

As of April 26, 2026 the best value apartment in the Delaware Trail area is the $1.07 price per square foot The Newburgh Model at Private Reserve Townhomes in the in the Spring Arbor neighborhood starting from $1,379. The second greatest value Delaware Trail apartment is the Iris Model at Everly at Meridian Hills starting at $1,509 with a $1.26 price per square foot in the Faith Knoll neighborhood. Here is today’s list of the best values for Delaware Trail apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Private Reserve TownhomesThe Newburgh2BR,1.5BA$1.07
Everly at Meridian HillsIris2BR,1BA$1.26
Estates at Crystal BayThree Bedroom 1.5 Bath Townhouse 1150 sq ft3BR,1.5BA$1.00
Jade North ApartmentsPlan E3BR,1.5BA$1.12
Edison at Meridian Hills2 Bedroom 1 Bath2BR,1BA$1.29
Park Place Apartments2 Bedroom Remodeled2BR,1BA$1.37
The Pines at SoBro2x1 Large - Renovated2BR,1BA$1.43
WoodlakeOne Bedroom Apartment1BR,1BA$1.44
Wellington Square Apartments1BR/1BA1BR,1BA$1.35
The Meridian North and SouthA2S South1BR,1BA$1.39

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

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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.

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

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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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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.

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Lifestyle Ratings

Our team of engineers and researchers compiles millions of data points to bring you our detailed rental search system called 'Lifestyle ratings', composed of rentals in areas across the United States and customized analysis for North Indianapolis, IN. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including searching for the best amenities, and outdoor amenities like tennis courts, family-friendly amenities, raising pets, transit options, and more. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap Delaware Trail Apartments

What is a cheap apartment in Delaware Trail?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Delaware Trail is under $944.

What is the price of a cheap apartment in Delaware Trail?

The cheapest apartment in Delaware Trail is The Meridian North and South which is listed at $784, while the average apartment in Delaware Trail costs $1,415.

What types of apartments are the cheapest in Delaware Trail?

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 43 regular apartments in Delaware Trail 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 Delaware Trail?

Cheap apartments in Delaware Trail have an average cost of $449 which is $966 cheaper than the average rent for all rentals in Delaware Trail.

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.

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