
Cheap Apartments for Rent in the Forest Manor Neighborhood of Indianapolis, IN from $500 (49 Rentals)
Search the lowest-cost Apartments available for rent right now in the Forest Manor area of Indianapolis.


Arlington Green (Indy Town)

3165 Station St, Unit B

3165 Station St

4720 Munter Ln

2010 E 25th St

New Bridge

Greenway Apartments

3011 N Tacoma Ave
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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.

6136 Nimitz Dr

Frederick Square

2403 N Oxford St

2919 N Denny St

Total Monthly Price
2947 Schofield Ave, Unit 2947

The Prairies Apartment Homes

2931 N Tacoma Ave

2419 N Bolton Ave

2419 N Bolton Ave
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
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.

Willow Brook

3709-3711 Kinnear Ave

5960 42nd St

4200 N Arlington Ave, Unit 3

3710 N Irvington Ave

Fallwood

2950 N Colorado Ave

3011 E 47th St

2830-30 Lasalle St
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Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

Emerson Place

East Village at Avondale Meadows Apartments

Hopeside I

3825 N Whittier Pl

East Ridge

Sunstone at Arlington Woods

Overlook at the Fairgrounds

2530 N Temple Ave

2238 Admiral Dr
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Point on Fall Creek I

6119 Nimitz Dr

6149 Commodore Dr

3709 N Parker Ave

Trenton House Apartments

7 Pointe Apartments

Chateau De Ville

2221 E 38th St

Harbour Pointe
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3233 Ralston Ave

Ashton Park

2920 Lasalle St

4242 Crittenden Ave
Forest Manor, Indianapolis, IN Local Guide

How much does it cost to rent an apartment in Forest Manor?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Forest Manor Studio Apartments | $674 | $590 | $779 |
| Forest Manor 1 Bedroom Apartments | $916 | $669 | $1,157 |
| Forest Manor 2 Bedroom Apartments | $1,098 | $545 | $3,609 |
| Forest Manor 3 Bedroom Apartments | $1,401 | $626 | $5,463 |
| Forest Manor 4 Bedroom Apartments | $1,340 | $808 | $2,143 |
Browse Apartments in this Neighborhood
There are currently 49 rentals with your search options within a 2 mile radius of the Forest Manor Neighborhood of Indianapolis, IN.
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Forest Manor, Indianapolis, IN Local Guide
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Cheapest Available Forest Manor Apartments for Rent
 The cheapest available apartment rental in the Forest Manor area of Indianapolis, IN is a 2 Beds unit found at The Villages at Mill Crossing priced from $545. East Village at Avondale Meadows Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $569. Here are the most affordable Forest Manor apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Villages at Mill Crossing | 2THSFL | 2BR,1BA | $545 |
| East Village at Avondale Meadows Apartments | B3 | 2BR,2BA | $569 |
| New Bridge | Studio - The Enclave | Studio,1BA | $779 |
| Arlington Green (Indy Town) | Arlington Green 2 bedroom | 2BR,1BA | $837 |
| Greenway Apartments | Greenway 2 bedroom (Large) | 2BR,1BA | $865 |
| Hopeside I | 2.2-40%-H | 2BR,2BA | $883 |
| Frederick Square | Frederick Square 2 bedroom | 2BR,1BA | $888 |
| The Prairies Apartment Homes | 1x1 Classic | 1BR,1BA | $909 |
| Chateau De Ville | Bordeaux | Studio,1BA | $923 |
Best Value Apartments for Rent in Forest Manor, IN
As of June 14, 2026 the best value apartment in the Forest Manor area is the $1.12 price per square foot C2 Model at East Village at Avondale Meadows Apartments in the in the Martindale neighborhood starting from $1,525. The second greatest value Forest Manor apartment is the 2 Bedroom 2 Bath - 62209 Model at Ashton Park starting at $1,079 with a $0.92 price per square foot in the United Northeast neighborhood. Here is today’s list of the best values for Forest Manor apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| East Village at Avondale Meadows Apartments | C2 | 3BR,2BA | $1.12 |
| Ashton Park | 2 Bedroom 2 Bath - 62209 | 2BR,2BA | $0.92 |
| 7 Pointe Apartments | Pebble | 3BR,2BA | $1.09 |
| Park Forest Apartments | 2BR/1BA | 2BR,1BA | $1.27 |
| Hopeside I | 2.2-50% | 2BR,2BA | $1.20 |
| Frederick Square | Frederick Square 2 bedroom | 2BR,1BA | $1.00 |
| Fallwood | 1 Bed/1.5 Ba Den Up | 1BR,1.5BA | $1.31 |
| Harbour Pointe | The Hideaway | 1BR,1BA | $1.32 |
| Greenway Apartments | Greenway 2 bedroom | 2BR,1BA | $1.02 |
| Arlington Green (Indy Town) | Arlington Green 2 bedroom | 2BR,1BA | $1.22 |
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 ArticleYour 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 ArticleReal 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 ArticleQuick 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.
Pet Friendly LifestyleForest Manor, Indianapolis, IN
Ranked #237
Among cities in Indiana for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Frequently Asked Questions about Cheap Forest Manor Apartments
What is the Cheapest Studio apartment in Forest Manor?
Currently the most affordable Cheap Studio Apartment in Forest Manor is at The Villages at Mill Crossing listed at $590.
How much is rent for a Cheap One Bedroom Forest Manor Apartment?
The lowest price for a Cheap One Bedroom Forest Manor Apartment is $669 at The Villages at Mill Crossing.
What is the lowest price for a Cheap Two Bedroom Forest Manor Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Forest Manor is starting from $545 at The Villages at Mill Crossing.
What is the most affordable Forest Manor Three Bedroom Apartment?
The best deal on a cheap Forest Manor Three Bedroom Apartment rental is at The Villages at Mill Crossing and starts from $885.
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

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.

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.

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.

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.
Articles, How-To's, and Tips

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For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent
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Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.