
Cheap Apartments for Rent in the Devonshire Neighborhood of Indianapolis, IN from $300 (9 Rentals)
Search the lowest-cost Apartments available for rent right now in the Devonshire area of Indianapolis.


A62 Apartments

Lake Castleton

Veridian Castleton
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.

The Residences on 56th Street

Chateau in the Woods

Castleton Manor Apartments

TGM Shadeland Station
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

TGM Autumn Woods
Devonshire, Indianapolis, IN Local Guide

How much does it cost to rent an apartment in Devonshire?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Devonshire Studio Apartments | $1,037 | $947 | $1,065 |
Devonshire 1 Bedroom Apartments | $1,279 | $360 | $2,251 |
Devonshire 2 Bedroom Apartments | $1,514 | $1,149 | $3,122 |
Devonshire 3 Bedroom Apartments | $1,827 | $1,469 | $3,262 |
Browse Apartments in this Neighborhood
There are currently 9 rentals with your search options within a 2 mile radius of the Devonshire Neighborhood of Indianapolis, IN.
See all Apartments in IndianapolisExplore Indianapolis
Devonshire, Indianapolis, IN Local Guide
- Nearby Indianapolis neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Devonshire Apartments for Rent
 The cheapest available apartment rental in the Devonshire area of Indianapolis, IN is a 1 Bed unit found at A62 Apartments priced from $891. Lake Castleton has the second lowest priced unit, which is a 1 Bed apartment currently listed from $896. Here are the most affordable Devonshire apartments for rent in Indianapolis, IN:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
A62 Apartments | LePetit Luxe | 1BR,1BA | $891 |
Lake Castleton | Congressional | 1BR,1BA | $896 |
The Residences on 56th Street | Brendonwood | 1BR,1BA | $1,019 |
Best Value Apartments for Rent in Devonshire, IN
As of May 28, 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 Allisonville neighborhood starting from $1,403. The second greatest value Devonshire apartment is the 2Bd/2Ba Dn W/D Model at Ivy Knoll Apartments starting at $1,429 with a $1.20 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Veridian Castleton | B4 - Townhome | 2BR,1.5BA | $1.13 |
Ivy Knoll Apartments | 2Bd/2Ba Dn W/D | 2BR,2BA | $1.20 |
TGM Autumn Woods | B1 | 2BR,1BA | $1.50 |
Castleton Manor Apartments | The Banyan | 1BR,1.5BA | $1.33 |
Fountain Parc | The Wealth | 1BR,1BA | $1.65 |
Bayview Club Apartments | Lake Maxinkuckee | 1BR,1BA | $1.59 |
Chateau in the Woods | 1 Bd/1 Ba Sm ABY | 1BR,1BA | $1.47 |
The Residences on 56th Street | Brookhaven | 1BR,1BA | $1.52 |
TGM Shadeland Station | A1 | 1BR,1BA | $1.53 |
A62 Apartments | LePetit | 1BR,1BA | $1.60 |
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.
Pet Friendly LifestyleDevonshire, Indianapolis, IN
Ranked #146
Among neighborhoods in Indianapolis, IN for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
3.0Pet Friendly
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 price of a cheap apartment in Devonshire?
The cheapest apartment in Devonshire is A62 Apartments which is listed at $891, while the average apartment in Devonshire costs $1,764.
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 6 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 $180 which is $1,584 cheaper than the average rent for all rentals in Devonshire.
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.

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.

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.

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.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.