Cheap Apartments for Rent in the Drexel Garden Neighborhood of Indianapolis, IN from $400 (35 Rentals)

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

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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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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Addison Creek
1 to 4 Bedroom Apartments

Addison Creek

58 Port Ocall DrIndianapolis, IN 46224
  • Utilities Included
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Fisher Apartments
Studio Apartments

Fisher Apartments

5125 W 10th StIndianapolis, IN 46224
  • Utilities Included

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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Remington on Rockville
1 to 3 Bedroom Apartments

Remington on Rockville

7455 Rockleigh AveIndianapolis, IN 46214
  • Utilities Included
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Valley Brook MHC
3 to 4 Bedroom Apartments

Valley Brook MHC

4620 S High School RdIndianapolis, IN 46241
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Deerfield Acres
3 Bedroom Apartments

Deerfield Acres

4000 Foltz StIndianapolis, IN 46221
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Central State Mansion
1 to 3 Bedroom Apartments

Central State Mansion

202 Steeples BlvdIndianapolis, IN 46222
Student Housing
  • Utilities Included
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10 West Apartments
1 to 3 Bedroom Apartments

10 West Apartments

7855 Cimarron TrlIndianapolis, IN 46214
Corporate Housing

Indy's Innovation Hub: Top Indianapolis Employers and the Neighborhoods that Welcome You Home

Find your dream job and perfect neighborhood in Indy. Discover major companies and the best places to live for young professionals and families, from historic districts to quiet, upscale communities.

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The Oasis
1 to 3 Bedroom Apartments

The Oasis

4900 Edinborough LnIndianapolis, IN 46241
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Proctor Place
1 to 3 Bedroom Apartments

Proctor Place

240 N Warman AveIndianapolis, IN 46222
Showing Results 1-35, Page 1 of 1

Drexel Garden, Indianapolis, IN Local Guide

Cheapest Available Drexel Garden Apartments for Rent

 

The cheapest available apartment rental in the Drexel Garden area of Indianapolis, IN is a Studio unit found at Maple Creek Village priced from $700. Pinnacle West has the second lowest priced unit, which is a Studio apartment currently listed from $759. Here are the most affordable Drexel Garden apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Maple Creek VillageStudioStudio,1BA$700
Pinnacle WestStudioStudio,1BA$759
The Boardwalk at Westlake Apartments and TownhomesStudio - 441 sqftStudio,1BA$760
Abbey Apartments - Affordable Senior HousingOne Bedroom1BR,1BA$778
The Park at Greenhill1 Bedroom, 1 Bath 654 SF - Creek Side1BR,1BA$901
The Hills Apartment Homes1x1 Classic1BR,1BA$919
Plaza at Central GreensOne Bedroom B1501BR,1BA$957
SuncrestMirage1BR,1BA$979
Proctor Place2 Bedroom2BR,1BA$991
The OasisThe Jasper1BR,1BA$994

Best Value Apartments for Rent in Drexel Garden, IN

As of May 06, 2026 the best value apartment in the Drexel Garden area is the $1.20 price per square foot 2 Bed 2 Bath Model at The Assumption on Blaine in the in the Concord neighborhood starting from $1,395. The second greatest value Drexel Garden apartment is the Augusta Phase II (Fireplace) Model at Auburn Hills Apartments starting at $1,490 with a $1.49 price per square foot in the Westside Indianapolis neighborhood. Here is today’s list of the best values for Drexel Garden apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Assumption on Blaine2 Bed 2 Bath2BR,2BA$1.20
Auburn Hills ApartmentsAugusta Phase II (Fireplace)2BR,2BA$1.49
Carriage House WestThe Kincaid2BR,1.5BA$1.40
10 West ApartmentsThe Dakota2BR,1BA$1.27
Wyckford CommonsThe Iris1BR,1BA$1.39
The OasisThe Goen1BR,1BA$1.45
Horizons ApartmentsThe Aspiration2BR,1BA$1.41
Ashton PointeOne Bedroom Apartment1BR,1BA$1.47
Pinnacle WestStudioStudio ,1BA$1.38
Abbey Apartments - Affordable Senior HousingOne Bedroom1BR,1BA$1.45

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Learn the property manager's true secrets to a zero-deduction move-out. Use this step-by-step guide on documentation, cleaning, and lease-reading to reclaim your security deposit.

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10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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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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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.

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Pet Friendly Lifestyle
Drexel Garden, Indianapolis, IN

Ranked #186

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

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Best Local Schools in
Drexel Garden, Indianapolis, IN

School data provided by Great Schools

Lifestyle Ratings

Our team of engineers and researchers compares millions of points of data to bring you comprehensive Lifestyle Ratings of neighborhoods, areas, and rental properties across Indiana and customized analysis for Southwestern Indianapolis. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including our Star Ratings to compare for the best outdoor access, luxury amenities, transit availability, pet-friendly communities, features that make it easier to raise kids, and how walkable or bikeable each community and area is. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap Drexel Garden Apartments

What is a cheap apartment in Drexel Garden?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Drexel Garden is under $994.

What is the price of a cheap apartment in Drexel Garden?

The cheapest apartment in Drexel Garden is Abbey Apartments - Affordable Senior Housing which is listed at $778, while the average apartment in Drexel Garden costs $1,520.

What types of apartments are the cheapest in Drexel Garden?

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 133 regular apartments in Drexel Garden 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 Drexel Garden?

Cheap apartments in Drexel Garden have an average cost of $605 which is $915 cheaper than the average rent for all rentals in Drexel Garden.

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.

Helpful Local Expert Guides

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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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Your Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters

Written by: Wendy Melton

Indianapolis is well-known for being one of the top college cities in the country. Local colleges and universities are ranked in the Top 10 when it comes to sports and academic excellence.

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Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods

Written by: Wendy Melton

My name is Wendy, and I've lived in Indiana for most of my life. Indianapolis is our state capital, and many people consider it the heart of the Midwest. People come from all around to explore everything Indianapolis has to offer.

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Indys Innovation Hub: Top Indianapolis Employers and the Neighborhoods that Welcome You Home

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Indianapolis is truly the heart of the Midwest. No matter what career path you choose, opportunities for advancement are everywhere.

Articles, How-To's, and Tips

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.