Cheap Apartments for Rent in the Eastside Neighborhood of Indianapolis, IN from $450 (59 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

property at 3165 Station St
$699
Studio To 3 Bedroom Rentals
Available Now
Affordability

3165 Station St

IndianapolisIN46218
  • Smoke Free
property at 521 N Gladstone Ave
$749 - $799
1 Bedroom Rentals
Available Now
Affordability

521 N Gladstone Ave

IndianapolisIN46201
  • Smoke Free

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.

property at 5241 E 9th St
$850

Total Monthly Price

Base Rent$850

Total Monthly Price$850
3 Bedroom, 1 Bath Home for Rent
Available Now
Furnished

5241 E 9th St

IndianapolisIN46219

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

close
View Me
SUITES OF IRVINGTON
Studio to 2 Bedroom Apartments

SUITES OF IRVINGTON

5730 E Washington StIndianapolis, IN 46219
property at 318 N Sherman Dr
$525
Studio Rentals
Available Now
Affordability

318 N Sherman Dr

IndianapolisIN46201
close
View Me
Emerson Place
1 to 3 Bedroom Apartments

Emerson Place

2110 Emerson Knoll PlIndianapolis, IN 46218

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

Discover the heart of the Midwest! Learn about popular Indianapolis neighborhoods to rent like Speedway and Eagledale, plus top universities and can't-miss places to eat.

close
View Me
Ritter Apartments
Studio to 2 Bedroom Apartments

Ritter Apartments

1708 N Ritter AveIndianapolis, IN 46218

Eastside - One of the Best Affordable Neighborhoods in Indianapolis

Named as one of the Best Affordable Neighborhoods to rent in Indianapolis by our Local Expert Wendy Melton. See how it ranks!

close
View Me
The Wash Apartments
1 to 3 Bedroom Apartments

The Wash Apartments

4741 E Washington StIndianapolis, IN 46201
  • Utilities Included

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

Eastside, Indianapolis, IN Local Guide

Cheapest Available Eastside Apartments for Rent

 

The cheapest available apartment rental in the Eastside area of Indianapolis, IN is a Studio unit found at Serenity Manor 55+ Active Adult priced from $659. Olivewood has the second lowest priced unit, which is a Studio apartment currently listed from $750. Here are the most affordable Eastside apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Serenity Manor 55+ Active AdultStudioStudio,1BA$659
OlivewoodStudioStudio,1BA$750
D&T Nest0 Bedroom 1 Bath - 59118Studio,1BA$764
Greenway ApartmentsGreenway 1 bedroom1BR,1BA$795
Kingston Square ApartmentsThe AshStudio,1BA$799
Arlington GreenArlington Green 2 bedroom2BR,1BA$814
East RidgeTwo Bedroom2BR,1BA$850
Frederick SquareFrederick Square 2 bedroom Large2BR,1BA$940
Saxony CourtSaxony 2 Bd Remodel2BR,1BA$989
The Vistas Apartment Homes2x1 Classic2BR,1BA$1,009

Best Value Apartments for Rent in Eastside, IN

As of September 13, 2026 the best value apartment in the Eastside area is the $1.24 price per square foot F Model at School 85 in the in the Southeast Indianapolis neighborhood starting from $1,610. The second greatest value Eastside apartment is the The Estate - Two Bedroom 1.5 Bath Model at Paragon Park starting at $1,249 with a $1.02 price per square foot in the Southeast Indianapolis 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.
School 85F2BR,2BA$1.24
Paragon ParkThe Estate - Two Bedroom 1.5 Bath2BR,1.5BA$1.02
7302 East Washington Street, Unit A7302 East Washington StreetStudio ,1.5BA$1.04
Glen Ridge Manor Townhomes and FlatsGlen Ridge 2 Bedroom Townhome2BR,1BA$0.87
60 - ADDISON APARTMENTS1st Floor Remodel + W/D Hookups2BR,1BA$0.96
Frederick SquareFrederick Square 2 bedroom2BR,1BA$0.99
East RidgeTwo Bedroom2BR,1BA$0.97
Greenway ApartmentsGreenway 2 bedroom2BR,1BA$1.02
Arlington GreenArlington Green 2 bedroom2BR,1BA$1.18
Serenity Manor 55+ Active AdultStudioStudio ,1BA$1.10

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.

Read Article
Decorative image

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

Read Article

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

Read Article
Decorative image

Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

Read Article
Decorative image

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.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Eastside, Indianapolis, IN

Ranked #195

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

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

decorative image of woman handing cat to small boy

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 $1,009.

What is the price of a cheap apartment in Eastside?

The cheapest apartment in Eastside is Serenity Manor 55+ Active Adult which is listed at $755, while the average apartment in Eastside costs $1,009.

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 19 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 $787 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.

Helpful Local Expert Guides

decorative image for Indys Innovation Hub: Top Indianapolis Employers and the Neighborhoods that Welcome You Home article

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

Written by: Wendy Melton

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

decorative image for Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods article

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.

decorative image for Your Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters article

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.

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.

Articles, How-To's, and Tips

decorative image for Rent According to Income: A Look at Income-Restricted Rentals   article

Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

decorative image for Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My! article

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

decorative image for Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags   article

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.