Cheap Homes for Rent in Devon Neighborhood of Indianapolis, IN from $600 (14 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

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.

Read Article

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Read Article
Showing Results 1-14, Page 1 of 1

Devon, Indianapolis, IN Local Guide

Cheapest Available Devon Apartments for Rent

 

The cheapest available apartment rental in the Devon area of Indianapolis, IN is a Studio unit found at Glenstone Studios priced from $649. East Village at Avondale Meadows Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $693. Here are the most affordable Devon apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Glenstone StudiosStudioStudio,1BA$649
East Village at Avondale Meadows ApartmentsA11BR,1BA$693
Chateau De VilleBordeauxStudio,1BA$863
A62 ApartmentsLePetit1BR,1BA$899
Trails at LakesideVictoria1BR,1BA$999

Best Value Apartments for Rent in Devon, IN

As of June 25, 2025 the best value apartment in the Devon area is the $1.02 price per square foot Jade Model at 7 Pointe Apartments in the in the United Northeast neighborhood starting from $1,319. The second greatest value Devon apartment is the 2 Beds, 1 Baths Model at Heritage Apartments starting at $1,150 with a $1.31 price per square foot in the Southeast Indianapolis neighborhood. Here is today’s list of the best values for Devon apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
7 Pointe ApartmentsJade3BR,2BA$1.02
Heritage Apartments2 Beds, 1 Baths2BR,1BA$1.31
Fallwood1 Bed/1.5 Ba Den Up1BR,1.5BA$1.34
Harbour PointeThe Hideaway1BR,1BA$1.43
Willow BrookTwo Bedroom One Bath2BR,1BA$1.53
Fountain ParcThe Wealth1BR,1BA$1.65
East Village at Avondale Meadows ApartmentsA21BR,1BA$1.32
The Meadows1 Bedroom 730sf1BR,1BA$1.60
Chateau in the Woods1 Bd/1 Ba Sm ABY1BR,1BA$1.47
Brockton Apartments & TownhomesVL1 .11BR,1BA$1.51

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

Frequently Asked Questions about Devon

What type of rentals are currently available in Devon?

There are currently 72 Apartments for Rent in Devon, IN with pricing that ranges from $649 to $2,566. There are also 64 Single Family Homes for rent, Condos, and Townhome rentals currently available in Devon ranging from $649 to $2,350.

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

Today's rental pricing for Homes for Rent, Condos and Townhomes in Devon ranges from $649 to $2,350 with an average monthly rent of $1,280.

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

For those who are looking for larger living arrangements, Three Bedroom Apartments in Devon range from $1,250 to $2,194, while Three Bedroom Homes, Condos, and Townhomes for rent range from $925 to $2,194. Four Bedroom Single-Family rentals are also available starting from $1,495 and Four Bedroom Apartments start at $1,780.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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 Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.