Cheap Apartments for Rent in the Delaware Trails Neighborhood of Indianapolis, IN from $500 (52 Rentals)

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

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Lake Castleton Apartments
Rent Specials
$815 - $1,501
Total Monthly Price

Total Monthly Price

Base Rent
$815 - $1,501
Total Monthly Price
$815 - $1,501
Studio to 2 Bedroom Apartments Available Now

Lake Castleton Apartments

7601 Carlton Arms DrIndianapolis, IN 46256
Affordability
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Bon Air Residence
$1,750 - $2,250
Total Monthly Price

Total Monthly Price

Base Rent
$1,750 - $2,250
Total Monthly Price
$1,750 - $2,250
1 Bedroom Apartments Available Now

Bon Air Residence

21-23 W 16th StIndianapolis, IN 46202
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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.

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Showing Results 1-50, Page 1 of 2

Delaware Trails, Indianapolis, IN Local Guide

Cheapest Available Delaware Trails Apartments for Rent

 

The cheapest available apartment rental in the Delaware Trails area of Indianapolis, IN is a Studio unit found at The Meridian North and South priced from $734. The Boardwalk at Westlake Apartments and Townhomes has the second lowest priced unit, which is a 1 Bed apartment currently listed from $785. Here are the most affordable Delaware Trails apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
The Meridian North and SouthS1R SouthStudio,1BA$734
The Boardwalk at Westlake Apartments and TownhomesOne Bedroom - 617 sqft1BR,1BA$785
Serenity Park ApartmentsSTOP SCROLLING — SERENITY PARK IS UNDER NEW MAN...1BR,1BA$794
Carlton ApartmentsVilla1BR,1BA$810
Lake Castleton ApartmentsJacksonStudio,1BA$815
The HermitageThe Retreat1BR,1BA$870
River Road ApartmentsVilla1BR,1BA$880
Enclave Park 100The EnclaveStudio,1BA$899
Meridian Lakes1Bed/1Ba-Dn (A)1BR,1BA$905
The Prairies Apartment Homes1x1 Classic1BR,1BA$909

Best Value Apartments for Rent in Delaware Trails, IN

As of August 13, 2026 the best value apartment in the Delaware Trails area is the $1.27 price per square foot 7176B1 Model at Pinnacle on Meridian in the in the Nora neighborhood starting from $2,799. The second greatest value Delaware Trails apartment is the 3 Bedroom 2 Bath Model at The Block starting at $2,399 with a $1.36 price per square foot in the Riley neighborhood. Here is today’s list of the best values for Delaware Trails apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Pinnacle on Meridian7176B12BR,2BA$1.27
The Block3 Bedroom 2 Bath3BR,2BA$1.36
Everly at Meridian HillsIris2BR,1BA$1.24
Eagle Lake LandingThe Lakeshore Townhome2BR,1.5BA$1.18
The Residence at White River ApartmentsALLISON - B22BR,2BA$1.18
Edison at Meridian Hills2 Bedroom 1 Bath2BR,1BA$1.29
The Elliott at College Park Apartment HomesTwo Bedroom 1.5 Bath2BR,1.5BA$1.11
Park Place Apartments2 Bedroom Remodeled2BR,1BA$1.26
The Grove on Harcourt1x1.5 Large Renovated1BR,1.5BA$1.34
Serenity Park ApartmentsSTOP SCROLLING — SERENITY PARK IS UNDER NEW MAN...1BR,1BA$1.33

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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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.

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Pet Friendly Lifestyle
Delaware Trails, Indianapolis, IN

Ranked #31

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 Delaware Trails Apartments

What is a cheap apartment in Delaware Trails?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Delaware Trails is under $909.

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

The cheapest apartment in Delaware Trails is The Boardwalk at Westlake Apartments and Townhomes which is listed at $785, while the average apartment in Delaware Trails costs $1,299.

What types of apartments are the cheapest in Delaware Trails?

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 68 regular apartments in Delaware Trails 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?

Cheap apartments in Delaware Trails have an average cost of $189 which is $1,110 cheaper than the average rent for all rentals in Delaware Trails.

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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