Cheap Apartments for Rent in the Devonshire Neighborhood of Indianapolis, IN from $700 (19 Rentals)

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

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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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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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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Showing Results 1-19, 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 Studio unit found at Franklin Studios priced from $725. Timber Point Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $820. Here are the most affordable Devonshire apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Franklin StudiosStudioStudio,1BA$725
Timber Point ApartmentsThe Ayers1BR,1BA$820
Lake CastletonColonial1BR,1BA$826
The Life at Harrison Trails1 BED 1 BATH A (LOFT)1BR,1BA$929
Williamsburg NorthAshland1BR,1BA$950

Best Value Apartments for Rent in Devonshire, IN

As of October 10, 2025 the best value apartment in the Devonshire area is the $1.13 price per square foot B4 - Townhome Model at Veridian Castleton in the in the Berkley Place neighborhood starting from $1,403. The second greatest value Devonshire apartment is the 2Bd/2Ba Up W/D Model at Ivy Knoll Apartments starting at $1,424 with a $1.19 price per square foot in the Roxbury 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.
Veridian CastletonB4 - Townhome2BR,1.5BA$1.13
Ivy Knoll Apartments2Bd/2Ba Up W/D2BR,2BA$1.19
Bayview Club ApartmentsLake James2BR,2BA$1.35
TGM Avalon LakeB22BR,1.5BA$1.39
M Club ApartmentsA31BR,1BA$1.28
Castleton Manor ApartmentsThe Banyan1BR,1.5BA$1.33
The Lenox Apartment Homes1 Bed 1 Bath Apartment - Renovated1BR,1BA$1.25
Williamsburg NorthAshland1BR,1BA$1.21
Timber Point ApartmentsThe Ayers1BR,1BA$1.13
The Life at Harrison Trails1 BED 1 BATH A (LOFT)1BR,1BA$1.39

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Devonshire, Indianapolis, IN

Ranked #50

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Getting Around the Devonshire Neighborhood in Indianapolis, IN

Walk Score®

49 / 100

Car-Dependent

Most errands require a car

Bike Score®

46 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

15 / 100

Minimal Transit

It may be possible to get on a bus

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Devonshire Apartments

What is the Cheapest Studio apartment in Devonshire?

Currently the most affordable Cheap Studio Apartment in Devonshire is at Franklin Studios listed at $725.

How much is rent for a Cheap One Bedroom Devonshire Apartment?

The lowest price for a Cheap One Bedroom Devonshire Apartment is $820 at Timber Point Apartments.

What is the lowest price for a Cheap Two Bedroom Devonshire Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Devonshire is starting from $875 at Timber Point Apartments.

What is the most affordable Devonshire Three Bedroom Apartment?

The best deal on a cheap Devonshire Three Bedroom Apartment rental is at Timber Point Apartments and starts from $1,155.

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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

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

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.