Cheap Apartments for Rent in the Delaware Trails South Neighborhood of Indianapolis, IN from $500 (38 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Delaware Trails South 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.

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

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Hampshire Court
1 to 2 Bedroom Apartments

Hampshire Court

2455 Rolls DrIndianapolis, IN 46268

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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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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The Jameson
1 to 2 Bedroom Apartments

The Jameson

1854 Century WayIndianapolis, IN 46260

Indy's Innovation Hub: Top Indianapolis Employers and the Neighborhoods that Welcome You Home

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Showing Results 1-38, Page 1 of 1

Delaware Trails South, Indianapolis, IN Local Guide

Cheapest Available Delaware Trails South Apartments for Rent

 

The cheapest available apartment rental in the Delaware Trails South area of Indianapolis, IN is a Studio unit found at Reflections Apartments priced from $799. Carlton Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $800. Here are the most affordable Delaware Trails South apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Reflections ApartmentsExpressionsStudio,1BA$799
Carlton ApartmentsVilla1BR,1BA$800
The Meridian North and SouthA8S South1BR,1BA$804
Turtle Creek - IndianapolisStudio ShellStudio,1BA$859
LandmarkRanierStudio,1BA$870
Lakeshore Reserve Off 86th Apartments and TownhomesOne Bedroom1BR,1BA$875
Wellington Square Apartments1BR/1BA1BR,1BA$926
Meridian Lakes1Bed/1Ba-Up (C)1BR,1BA$944
WoodlakeOne Bedroom Apartment1BR,1BA$1,007
The Manning Apartment HomesStudioStudio,1BA$1,029

Best Value Apartments for Rent in Delaware Trails South, IN

As of April 28, 2026 the best value apartment in the Delaware Trails South 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 Trails South 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 Trails South 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
Jade North ApartmentsPlan E3BR,1.5BA$1.12
Edison at Meridian Hills2 Bedroom 1 Bath2BR,1BA$1.29
Estates at Crystal BayTwo Bedroom 1.5 Bath Townhouse 1000 sq ft2BR,1.5BA$1.13
Park Place Apartments2 Bedroom Remodeled2BR,1BA$1.37
The Eclipse Apartment HomesThe Galexia w/ Den - Upgraded1BR,1BA$1.29
WoodlakeOne Bedroom Apartment1BR,1BA$1.44
Wellington Square Apartments1BR/1BA1BR,1BA$1.35
The Meridian North and SouthA4R South1BR,1BA$1.29

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

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign 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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Pet Friendly Lifestyle
Delaware Trails South, Indianapolis, IN

Ranked #108

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

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental search system called 'Lifestyle ratings', composed of rentals and neighborhoods across the USA, including Indianapolis. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including rankings of the best places for easy access to the parks, luxury amenities, features that make it easier to raise kids, raising pets, transit options, walking, and biking. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Delaware Trails South Apartments

What is a cheap apartment in Delaware Trails South?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Delaware Trails South is under $1,029.

What is the price of a cheap apartment in Delaware Trails South?

The cheapest apartment in Delaware Trails South is Carlton Apartments which is listed at $800, while the average apartment in Delaware Trails South costs $1,415.

What types of apartments are the cheapest in Delaware Trails South?

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 45 regular apartments in Delaware Trails South 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 Trails South?

Cheap apartments in Delaware Trails South have an average cost of $206 which is $1,209 cheaper than the average rent for all rentals in Delaware Trails South.

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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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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Articles, How-To's, and Tips

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Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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