Cheap Apartments for Rent in the Eastside Neighborhood of Indianapolis, IN from $300 (10 Rentals)

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

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Colonial Park
1 to 2 Bedroom Apartments

Colonial Park

4421 E Washington StIndianapolis, IN 46201
  • Utilities Included
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SUITES OF IRVINGTON
Studio to 2 Bedroom Apartments

SUITES OF IRVINGTON

5730 E Washington StIndianapolis, IN 46219

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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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Emerson Place
1 to 3 Bedroom Apartments

Emerson Place

2110 Emerson Knoll PlIndianapolis, IN 46218
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Helen Louise Apartments
1 Bedroom Apartments

Helen Louise Apartments

5822 E Washington StIndianapolis, IN 46219
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East Ridge
1 to 3 Bedroom Apartments

East Ridge

2302 N Ritter AveIndianapolis, IN 46218

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.

Cheapest Available Eastside Apartments for Rent

 

The cheapest available apartment rental in the Eastside area of Indianapolis, IN is a Studio unit found at Olivewood priced from $699. Serenity Manor 55+ Independent Active Living has the second lowest priced unit, which is a Studio apartment currently listed from $715. Here are the most affordable Eastside apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
OlivewoodStudioStudio,1BA$699
Serenity Manor 55+ Independent Active LivingStudioStudio,1BA$715
The Aerie on 11th Street2 Bedroom 1 Bath - 203492BR,1BA$775

Best Value Apartments for Rent in Eastside, IN

As of December 15, 2025 the best value apartment in the Eastside area is the $0.74 price per square foot Glen Ridge 2 bedroom Flat Model at Glen Ridge Manor Townhomes and Flats (Indy Town) in the in the Martindale neighborhood starting from $998. The second greatest value Eastside apartment is the 1205 N Grant Ave Model at 1205 N Grant Ave starting at $1,400 with a $1.12 price per square foot in the Martindale neighborhood. Here is today’s list of the best values for Eastside apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Glen Ridge Manor Townhomes and Flats (Indy Town)Glen Ridge 2 bedroom Flat2BR,1BA$0.74
1205 N Grant Ave1205 N Grant Ave2BR,1.5BA$1.12
Paragon ParkTwo Bedroom 1.5 Bath2BR,1.5BA$0.98
7302 East Washington Street, Unit A7302 East Washington StreetStudio ,1.5BA$1.04
60 - ADDISON APARTMENTSLeasing Specials2BR,1BA$0.95
The Vistas Apartment Homes2 Bedroom 1.5 Bath Townhouse - Classic2BR,1.5BA$1.10
The Aerie on 11th Street2 Bedroom 1 Bath - 203492BR,1BA$0.87
The Courts Apartment Homes2x1 - Classic2BR,1BA$1.13
50 - SAXONY COURT APARTMENTSSaxony Court- Two Bedroom Upgraded Unit in the ...2BR,1BA$1.15
Frederick SquareFrederick Square 1 bedroom1BR,1BA$1.14

Getting Around the Eastside Neighborhood in Indianapolis, IN

Walk Score®

48 / 100

Car-Dependent

Most errands require a car

Bike Score®

43 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

35 / 100

Some Transit

A few nearby public transportation options

Frequently Asked Questions about Cheap Eastside Apartments

What is a cheap apartment in Eastside?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Eastside is under $889.

What is the price of a cheap apartment in Eastside?

The cheapest apartment in Eastside is Indy Town Apartments which is listed at $795, while the average apartment in Eastside costs $1,297.

What types of apartments are the cheapest in Eastside?

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 16 regular apartments in Eastside 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 Eastside?

Cheap apartments in Eastside have an average cost of $222 which is $1,075 cheaper than the average rent for all rentals in Eastside.

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.

Articles, How-To's, and Tips

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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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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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!