
Cheap Apartments for Rent in the Forest Manor Neighborhood of Indianapolis, IN from $500 (23 Rentals)
Search the lowest-cost Apartments available for rent right now in the Forest Manor area of Indianapolis.


2932 N Dearborn St

3725 N Sherman Dr

5330 Hawthorne Dr

3534 E Fall Creek Pkwy N Dr

2238-2240 Barnor Dr

Indy Town Apartments
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Greenway Apartments

3528 E Fall Creek Pkwy N Dr

New Bridge Apartments

Emerson Place

Sherman Forest

East Village at Avondale Meadows Apartments

Hopeside I
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3825 N Whittier Pl

East Ridge

Sunstone at Arlington Woods

2932 N Dearborn St

Overlook at the Fairgrounds

2530 N Temple Ave

6005 Dickson Rd
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Trenton House Apartments

2532 N Temple 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 | $669 | $669 | $669 |
| Forest Manor 1 Bedroom Apartments | $1,042 | $775 | $1,259 |
| Forest Manor 2 Bedroom Apartments | $1,103 | $775 | $1,449 |
| Forest Manor 3 Bedroom Apartments | $2,499 | $1,100 | $7,760 |
Browse Apartments in this Neighborhood
There are currently 23 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 East Village at Avondale Meadows Apartments priced from $579. Indy Town Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $795. Here are the most affordable Forest Manor apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| East Village at Avondale Meadows Apartments | B3 | 2BR,2BA | $579 |
| Indy Town Apartments | Greenway 1 bedroom | 1BR,1BA | $795 |
| Greenway Apartments | Greenway 1 bedroom | 1BR,1BA | $795 |
| Hopeside I | 2.2-40%-H | 2BR,2BA | $852 |
| Frederick Square | Frederick Square 2 bedroom | 2BR,1BA | $871 |
Best Value Apartments for Rent in Forest Manor, IN
As of February 28, 2026 the best value apartment in the Forest Manor area is the $1.18 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 Pebble Model at 7 Pointe Apartments starting at $1,249 with a $1.07 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 | $1.18 |
| 7 Pointe Apartments | Pebble | 3BR,2BA | $1.07 |
| Ashton Park | 2 bed / 2 bath | 2BR,2BA | $1.06 |
| 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 | $0.98 |
| Willow Brook | Two Bedroom One Bath | 2BR,1BA | $1.26 |
| Greenway Apartments | Greenway 1 bedroom | 1BR,1BA | $1.20 |
| Indy Town Apartments | Greenway 1 bedroom | 1BR,1BA | $1.20 |
| The Prairies Apartment Homes | 1x1 Classic | 1BR,1BA | $1.40 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
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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 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 #212
Among cities in Indiana for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Frequently Asked Questions about Cheap Forest Manor Apartments
What is the price of a cheap apartment in Forest Manor?
The cheapest apartment in Forest Manor is Indy Town Apartments which is listed at $795, while the average apartment in Forest Manor costs $1,592.
What types of apartments are the cheapest in Forest Manor?
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 9 regular apartments in Forest Manor 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 Forest Manor?
Cheap apartments in Forest Manor have an average cost of $796 which is $796 cheaper than the average rent for all rentals in Forest Manor.
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.
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Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.