Cheap Apartments for Rent in the Faith Knoll Neighborhood of Indianapolis, IN from $500 (47 Rentals)

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

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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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property at 2286 W Kessler Blvd N Dr

$1,700

Total Monthly Price

Total Monthly Price

Base Rent
$1,700
Total Monthly Price
$1,700

4 Bedroom, 2 Bath Home for Rent

Available Now

2286 W Kessler Blvd N Dr

IndianapolisIN46222
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Hampshire Court
1 to 2 Bedroom Apartments

Hampshire Court

2455 Rolls DrIndianapolis, IN 46268
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Reflections Apartments
Studio to 3 Bedroom Apartments

Reflections Apartments

7999 Silverleaf DrIndianapolis, IN 46260
Corporate Housing
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The Meridian North
1 to 3 Bedroom Apartments

The Meridian North

2100 Westlane RdIndianapolis, IN 46260
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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Oakbrook Village
1 to 3 Bedroom Apartments

Oakbrook Village

6098 Georgetown RdIndianapolis, IN 46254
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Lake Camelot Apartments
1 to 3 Bedroom Apartments

Lake Camelot Apartments

6475 Excalibur CtIndianapolis, IN 46268
  • Utilities Included
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The Jameson
1 to 2 Bedroom Apartments

The Jameson

1854 Century WayIndianapolis, IN 46260
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Lakes of Georgetown
1 to 3 Bedroom Apartments

Lakes of Georgetown

6335 Sandyside DrIndianapolis, IN 46268

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.

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Showing Results 1-47, Page 1 of 1

Faith Knoll, Indianapolis, IN Local Guide

Cheapest Available Faith Knoll Apartments for Rent

 

The cheapest available apartment rental in the Faith Knoll area of Indianapolis, IN is a Studio unit found at Rosewood Commons priced from $725. Cambridge Commons has the second lowest priced unit, which is a Studio apartment currently listed from $725. Here are the most affordable Faith Knoll apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Rosewood CommonsStudioStudio,1BA$725
Cambridge CommonsStudioStudio,1BA$725
Garden Pointe ApartmentsLily StudioStudio,1BA$795
Reflections ApartmentsExpressionsStudio,1BA$799
The Meridian North and SouthA8S South1BR,1BA$804
Covered BridgeOne Bedroom One Bath1BR,1BA$829
AnnhurstOne Bed One Bath1BR,1BA$849
LandmarkRanierStudio,1BA$870
Cross Creek ApartmentsTopsider1BR,1BA$890
Aspen ChaseOne Bedroom One Bath1BR,1BA$919

Best Value Apartments for Rent in Faith Knoll, IN

As of April 28, 2026 the best value apartment in the Faith Knoll area is the $1.07 price per square foot The Newburgh Model at Private Reserve Townhomes in the in the Spring Arbor neighborhood starting from $1,379. The second greatest value Faith Knoll apartment is the Iris Model at Everly at Meridian Hills starting at $1,509 with a $1.26 price per square foot in the Faith Knoll neighborhood. Here is today’s list of the best values for Faith Knoll apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Private Reserve TownhomesThe Newburgh2BR,1.5BA$1.07
Everly at Meridian HillsIris2BR,1BA$1.26
Edison at Meridian Hills2 Bedroom 1 Bath2BR,1BA$1.29
Estates at Crystal BayTwo Bedroom 1.5 Bath Townhouse 1000 sq ft2BR,1.5BA$1.13
The AbbyThe Berkshire2BR,2BA$1.38
Park Place Apartments2 Bedroom Remodeled2BR,1BA$1.37
Lake Camelot Apartments2 Bedroom Garden2BR,1BA$1.07
Covered BridgeOne Bedroom One Bath1BR,1BA$1.18
Aspen ChaseOne Bedroom One Bath1BR,1BA$1.31
The Meridian North and SouthA4R South1BR,1BA$1.29

10 Hidden Costs of Renting You Should Budget for Before Signing 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

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

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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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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
Faith Knoll, Indianapolis, IN

Ranked #116

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

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals and neighborhoods across the USA, and customized analysis for Northwest 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 searching for the best amenities, and the best outdoor access, features that make it easier to raise kids, raising pets, transit options, walking, and biking. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap Faith Knoll Apartments

What is a cheap apartment in Faith Knoll?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Faith Knoll is under $919.

What is the price of a cheap apartment in Faith Knoll?

The cheapest apartment in Faith Knoll is The Meridian North and South which is listed at $804, while the average apartment in Faith Knoll costs $1,415.

What types of apartments are the cheapest in Faith Knoll?

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 33 regular apartments in Faith Knoll 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 Faith Knoll?

Cheap apartments in Faith Knoll have an average cost of $175 which is $1,240 cheaper than the average rent for all rentals in Faith Knoll.

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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Articles, How-To's, and Tips

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