Cheap Apartments for Rent in the Far Eastside Neighborhood of Indianapolis, IN from $400 (91 Rentals)

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

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M Club Apartments
$878 - $2,376
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$878 - $2,376
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Studio to 2 Bedroom Apartments Available Now

M Club Apartments

7007 Courthouse DrIndianapolis, IN 46226
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Far 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!

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Far Eastside, Indianapolis, IN Local Guide

Cheapest Available Far Eastside Apartments for Rent

 

The cheapest available apartment rental in the Far Eastside area of Indianapolis, IN is a Studio unit found at Serenity Manor 55+ Independent Active Living priced from $659. Franklin Studios has the second lowest priced unit, which is a Studio apartment currently listed from $665. Here are the most affordable Far Eastside apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Serenity Manor 55+ Independent Active LivingStudioStudio,1BA$659
Franklin StudiosStudioStudio,1BA$665
Elmtree ParkStudio 1 BathStudio,1BA$695
Postbrook East Apartments2bd TH Remodeled2BR,1BA$745
OlivewoodStudioStudio,1BA$750
Willowood EastStudioStudio,1BA$760
Spanish OaksStudioStudio,1BA$775
Maison Gardens Apartments2 BDR Remodeled2BR,1BA$780
Serenity Park ApartmentsSTOP SCROLLING — SERENITY PARK IS UNDER NEW MAN...1BR,1BA$794
Kingston Square ApartmentsThe AshStudio,1BA$799

Best Value Apartments for Rent in Far Eastside, IN

As of July 22, 2026 the best value apartment in the Far Eastside area is the $1.07 price per square foot 2 BR / 1.5 BA Model at Shadeland Terrace Townhomes w/Full Basements in the in the Southeast Indianapolis neighborhood starting from $1,395. The second greatest value Far 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 Far Eastside apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Shadeland Terrace Townhomes w/Full Basements2 BR / 1.5 BA2BR,1.5BA$1.07
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
Brookhaven Apartments2 Bed 1 Bath2BR,1BA$0.89
Postbrook East Apartments3 bd F Remod3BR,1BA$1.07
The Lenox Apartment HomesThe Bedford - Renovated2BR,2BA$1.21
60 - ADDISON APARTMENTSAddison Apts - Gorgeous 2 Bed/1 Bath Apt2BR,1BA$0.96
Apartments @ Marten Court2x1 with washer/dryer2BR,1BA$1.23
Muessing Apartments1 Beds, 1 Baths1BR,1BA$1.21
Serenity Manor 55+ Independent Active LivingStudioStudio ,1BA$1.10

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

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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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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.

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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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Lifestyle Ratings

ApartmentHomeLiving brings you Lifestyle Ratings of rentals and neighborhoods across the USA, including Far Eastside, Indianapolis, and the greater Indianapolis area. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including rankings of the best places for the best proximity to parks and outdoor amenities, luxury amenities, transit availability, pet-friendly communities, places that make kids happy, and much more. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap Far Eastside Apartments

What is a cheap apartment in Far Eastside?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Far Eastside is under $799.

What is the price of a cheap apartment in Far Eastside?

The cheapest apartment in Far Eastside is Serenity Manor 55+ Independent Active Living which is listed at $755, while the average apartment in Far Eastside costs $1,642.

What types of apartments are the cheapest in Far 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 50 regular apartments in Far 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 Far Eastside?

Cheap apartments in Far Eastside have an average cost of $225 which is $1,417 cheaper than the average rent for all rentals in Far 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.

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