Cheap Apartments for Rent in the Devonshire Neighborhood of Indianapolis, IN from $400 (40 Rentals)

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

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M Club Apartments
$910 - $2,363
Total Monthly Price

Total Monthly Price

Base Rent
$910 - $2,363
Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

M Club Apartments

7007 Courthouse DrIndianapolis, IN 46226
Affordability
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Chateau in the Woods
1 to 3 Bedroom Apartments

Chateau in the Woods

4020 Monaco DrIndianapolis, IN 46220
Corporate Housing
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The Lodge Apartments
1 to 2 Bedroom Apartments

The Lodge Apartments

4816 Alsuda DrIndianapolis, IN 46205
  • Utilities Included
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Fountain Parc
1 to 3 Bedroom Apartments

Fountain Parc

4901 Whitton PlIndianapolis, IN 46220

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

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Showing Results 1-40, Page 1 of 1

Devonshire, Indianapolis, IN Local Guide

Cheapest Available Devonshire Apartments for Rent

 

The cheapest available apartment rental in the Devonshire area of Indianapolis, IN is a 2 Beds unit found at Lake Castleton Apartments priced from $172. Franklin Studios has the second lowest priced unit, which is a Studio apartment currently listed from $665. Here are the most affordable Devonshire apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Lake Castleton ApartmentsHancock2BR,1BA$172
Franklin StudiosStudioStudio,1BA$665
The Life at Harrison Trails1 BED 1 BATH A (LOFT)1BR,1BA$842
Williamsburg NorthAshland1BR,1BA$850
Trails at LakesideVictoria1BR,1BA$870
Chateau De VilleCalais1BR,1BA$873
Timber Point ApartmentsThe Ayers1BR,1BA$895
M Club ApartmentsS1Studio,1BA$910
Monon Park, Managed by Buckingham Monon Living1 Bed 1 Bath1BR,1BA$956
Waterside at Castleton1x11BR,1BA$1,005

Best Value Apartments for Rent in Devonshire, IN

As of July 25, 2026 the best value apartment in the Devonshire area is the $1.12 price per square foot Winthrop - 1 Full and 2 Half Baths Model at Williamsburg North in the in the Allisonville neighborhood starting from $1,700. The second greatest value Devonshire apartment is the B4 - Townhome Model at Veridian Castleton starting at $1,470 with a $1.18 price per square foot in the Berkley Place neighborhood. Here is today’s list of the best values for Devonshire apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Williamsburg NorthWinthrop - 1 Full and 2 Half Baths4BR,2BA$1.12
Veridian CastletonB4 - Townhome2BR,1.5BA$1.18
Ivy Knoll Apartments2Bd/2Ba Dn W/D2BR,2BA$1.19
The Lenox Apartment HomesThe Bedford - Renovated2BR,2BA$1.21
Avery Point ApartmentsOlive2BR,1.5BA$1.38
Fallwood1 Bed/1.5 Ba Den Up1BR,1.5BA$1.22
Castleton Manor ApartmentsThe Banyan1BR,1.5BA$1.38
Timber Point ApartmentsThe Ayers1BR,1BA$1.23
The Life at Harrison Trails1 BED 1 BATH A (LOFT)1BR,1BA$1.26
Trails at LakesideVictoria1BR,1BA$1.43

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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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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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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
Devonshire, Indianapolis, IN

Ranked #81

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

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Frequently Asked Questions about Cheap Devonshire Apartments

What is a cheap apartment in Devonshire?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Devonshire is under $1,005.

What is the price of a cheap apartment in Devonshire?

The cheapest apartment in Devonshire is The Life at Harrison Trails which is listed at $842, while the average apartment in Devonshire costs $1,685.

What types of apartments are the cheapest in Devonshire?

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 11 regular apartments in Devonshire 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 Devonshire?

Cheap apartments in Devonshire have an average cost of $110 which is $1,575 cheaper than the average rent for all rentals in Devonshire.

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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