
Cheap Apartments for Rent in the Devonshire Neighborhood of Indianapolis, IN from $400 (38 Rentals)
Search the lowest-cost Apartments available for rent right now in the Devonshire area of Indianapolis.


4985 N Franklin Rd, Unit 1

Franklin Studios

Total Monthly Price
M Club Apartments

The Life at Harrison Trails

Timber Point Apartments

Trails at Lakeside

Williamsburg North

Total Monthly Price
Lake Castleton Apartments
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TGM Shadeland Station

A62 Apartments

Castleton Manor Apartments

Avery Point Apartments

Chateau in the Woods

The Lenox Apartment Homes

Parkside at Castleton Square Apartments and Townhomes

Waterside at Castleton

Fallwood
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Veridian Castleton

The Residences on 56th

Woods of Castleton

TGM Avalon Lake

Lakeshore Apartments

82 Flats

Bayview Club Apartments

6302 Rucker Rd, Unit 6302-B, Unit 6302-B

6302 Rucker Rd
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Ivy Knoll Apartments

Lake Clearwater Apartments

Encore Binford

Furnished Studio-Indianapolis - Castleton

Canterbury House Apartments - Franklin Road

Trenton House Apartments

Chateau De Ville

Fountain Parc

Monon Park, Managed by Buckingham Monon Living
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The Lodge Apartments

Sycamore Reserve Senior Living
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 | $993 | $649 | $1,935 |
| Devonshire 1 Bedroom Apartments | $1,204 | $915 | $2,234 |
| Devonshire 2 Bedroom Apartments | $1,420 | $819 | $3,022 |
| Devonshire 3 Bedroom Apartments | $1,884 | $1,185 | $7,161 |
| Devonshire 4 Bedroom Apartments | $1,557 | $1,340 | $1,850 |
Browse Apartments in this Neighborhood
There are currently 38 rentals with your search options within a 2 mile radius of the Devonshire Neighborhood of Indianapolis, IN.
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Devonshire, Indianapolis, IN Local Guide
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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. The Life at Harrison Trails has the second lowest priced unit, which is a 1 Bed apartment currently listed from $842. Here are the most affordable Devonshire apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Franklin Studios | Studio | Studio,1BA | $725 |
| The Life at Harrison Trails | 1 BED 1 BATH A (LOFT) | 1BR,1BA | $842 |
| M Club Apartments | B1 | 2BR,1BA | $860 |
| Timber Point Apartments | The Ayers | 1BR,1BA | $915 |
| Chateau De Ville | Bordeaux | Studio,1BA | $923 |
| Trails at Lakeside | Victoria | 1BR,1BA | $940 |
| Williamsburg North | Ashland | 1BR,1BA | $950 |
| Lake Castleton Apartments | Congressional | 1BR,1BA | $980 |
| Avery Point Apartments | Emerald | 1BR,1BA | $996 |
| TGM Shadeland Station | A1 | 1BR,1BA | $999 |
Best Value Apartments for Rent in Devonshire, IN
As of April 24, 2026 the best value apartment in the Devonshire area is the $1.15 price per square foot B4 - Townhome Model at Veridian Castleton in the in the Berkley Place neighborhood starting from $1,428. The second greatest value Devonshire apartment is the 2Bd/2Ba Dn W/D Model at Ivy Knoll Apartments starting at $1,399 with a $1.17 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 | $1.15 |
| Ivy Knoll Apartments | 2Bd/2Ba Dn W/D | 2BR,2BA | $1.17 |
| Chateau in the Woods | 2 Bd/2 Ba Large BRDX | 2BR,2BA | $1.04 |
| TGM Avalon Lake | B4 | 2BR,2BA | $1.43 |
| The Life at Harrison Trails | 2 BED 1 BATH | 2BR,1BA | $1.30 |
| The Lenox Apartment Homes | The Andover - Upgraded | 1BR,1BA | $1.31 |
| Castleton Manor Apartments | The Banyan | 1BR,1.5BA | $1.25 |
| Williamsburg North | Ashland | 1BR,1BA | $1.21 |
| Timber Point Apartments | The Ayers | 1BR,1BA | $1.26 |
| TGM Shadeland Station | A1 | 1BR,1BA | $1.43 |
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Read ArticleQuick 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 #101
Among cities in Indiana for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
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 $840 at M Club 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 $860 at M Club 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 $1,160.
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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