Cheap Apartments for Rent in the Far Eastside Neighborhood of Indianapolis, IN from $500 (40 Rentals)

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

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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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Jamestowne Apartments
2 Bedroom Apartments

Jamestowne Apartments

8917 Duxbury RdIndianapolis, IN 46226
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Peppermill Farms
1 to 2 Bedroom Apartments

Peppermill Farms

6830 Mill View DrIndianapolis, IN 46226
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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Cavalier Court
1 to 3 Bedroom Apartments

Cavalier Court

9108 E 38th PlIndianapolis, IN 46235
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Maison Gardens
1 to 3 Bedroom Apartments

Maison Gardens

8808 Rue Madeleine RueIndianapolis, IN 46226
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Lawrence Glen
1 to 2 Bedroom Apartments

Lawrence Glen

8633 E 46th StIndianapolis, IN 46226
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Atrium Village
2 Bedroom Apartments

Atrium Village

2636 N Mitthoeffer RdIndianapolis, IN 46229

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.

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The Haciendas
1 to 3 Bedroom Apartments

The Haciendas

3816 Trilbey DrIndianapolis, IN 46235
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Braeburn Village
1 to 3 Bedroom Apartments

Braeburn Village

2170 Braeburn East DrIndianapolis, IN 46219
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Abbey Meadows
2 Bedroom Apartments

Abbey Meadows

259 N Shortridge RdIndianapolis, IN 46219
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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 Franklin Studios priced from $725. Autumn Trails Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $749. Here are the most affordable Far Eastside apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Franklin StudiosStudioStudio,1BA$725
Autumn Trails ApartmentsThe MapleStudio,1BA$749
Serenity Park Apartments1 Bedroom 1 Bath1BR,1BA$769
M Club ApartmentsS1Studio,1BA$780
Spanish OaksStudioStudio,1BA$799
Brookhaven Apartments1 Bed 1 Bath1BR,1BA$825
OlivewoodStudioStudio,1BA$825
Kingston Square ApartmentsThe AshStudio,1BA$829
The Life at Harrison Trails1 BED 1 BATH A (LOFT)1BR,1BA$842
Timber Point ApartmentsThe Ayers1BR,1BA$850

Best Value Apartments for Rent in Far Eastside, IN

As of June 26, 2025 the best value apartment in the Far Eastside area is the $1.15 price per square foot Three Bedroom Two Bath Model at Paragon Park in the in the Southeast Indianapolis neighborhood starting from $1,539. The second greatest value Far Eastside apartment is the 7302 East Washington Street Model at 7302 East Washington Street, Unit A starting at $1,250 with a $1.04 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.
Paragon ParkThree Bedroom Two Bath3BR,2BA$1.15
7302 East Washington Street, Unit A7302 East Washington StreetStudio ,1.5BA$1.04
The Life at Belhaven Place3 Bed 2 Bath3BR,2BA$1.18
60 - ADDISON APARTMENTS2nd/3rd Floor Standard2BR,1BA$0.95
Carriage House East2 Bedroom Townhome Confidence2BR,1.5BA$1.11
Brookhaven Apartments1 Bed 1 Bath1BR,1BA$0.86
Apartments @ Marten Court2x1 with washer/dryer2BR,1BA$1.23
Lawrence LandingOne Bedroom1BR,1BA$1.10
Braeburn Village2X1-502BR,1BA$1.19
Timber Point ApartmentsThe Ayers1BR,1BA$1.17

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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!

Getting Around the Far Eastside Neighborhood in Indianapolis, IN

Walk Score®

36 / 100

Car-Dependent

Most errands require a car

Bike Score®

39 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

28 / 100

Some Transit

A few nearby public transportation options

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

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 $850.

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

The cheapest apartment in Far Eastside is Serenity Park Apartments which is listed at $769, while the average apartment in Far Eastside costs $1,757.

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 15 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 $344 which is $1,413 cheaper than the average rent for all rentals in Far Eastside.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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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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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.