Cheap Apartments for Rent in the Forest Manor Neighborhood of Indianapolis, IN from $500 (49 Rentals)

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

property at 3165 Station St

$749 - $1,000

Studio To 2 Bedroom Rentals

Available Now

3165 Station St

IndianapolisIN46218
property at 4720 Munter Ln

$765 - $800

Total Monthly Price

Total Monthly Price

Base Rent
$765 - $800

Total Monthly Price
$765 - $800

1 Bedroom, 1 Bath Home for Rent

Available Now

4720 Munter Ln

IndianapolisIN46218

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

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.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

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property at 2950 N Colorado Ave

$1,095

Total Monthly Price

Total Monthly Price

Base Rent
$1,095

Total Monthly Price
$1,095

2 Bedroom, 1 Bath Home for Rent

Available Now

2950 N Colorado Ave

IndianapolisIN46218

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

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.

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Emerson Place
1 to 3 Bedroom Apartments

Emerson Place

2110 Emerson Knoll PlIndianapolis, IN 46218
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Hopeside I
2 Bedroom Apartments

Hopeside I

2005 E 25th StIndianapolis, IN 46218
Senior Living
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3825 N Whittier Pl
1 Bedroom Apartments

3825 N Whittier Pl

3825 N Whittier PlIndianapolis, IN 46226
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East Ridge
1 to 3 Bedroom Apartments

East Ridge

2302 N Ritter AveIndianapolis, IN 46218

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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7 Pointe Apartments
1 to 3 Bedroom Apartments

7 Pointe Apartments

4724 Round Lake RdIndianapolis, IN 46205
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Chateau De Ville
Studio to 4 Bedroom Apartments

Chateau De Ville

5303 Rue De VilleIndianapolis, IN 46220
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Harbour Pointe
1 to 2 Bedroom Apartments

Harbour Pointe

4400 E Fall Creek Parkway North DrIndianapolis, IN 46205
Corporate Housing

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Ashton Park
2 Bedroom Apartments

Ashton Park

2917-3039 E 47th StIndianapolis, IN 46205

Forest Manor, Indianapolis, IN Local Guide

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 ListingModel NameBed/BathPriced From
The Villages at Mill Crossing2THSFL2BR,1BA$545
East Village at Avondale Meadows ApartmentsB32BR,2BA$569
New BridgeStudio - The EnclaveStudio,1BA$779
Arlington Green (Indy Town)Arlington Green 2 bedroom2BR,1BA$837
Greenway ApartmentsGreenway 2 bedroom (Large)2BR,1BA$865
Hopeside I2.2-40%-H2BR,2BA$883
Frederick SquareFrederick Square 2 bedroom2BR,1BA$888
The Prairies Apartment Homes1x1 Classic1BR,1BA$909
Chateau De VilleBordeauxStudio,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 ListingModel NameBed/BathPrice Per Sq.Ft.
East Village at Avondale Meadows ApartmentsC23BR,2BA$1.12
Ashton Park2 Bedroom 2 Bath - 622092BR,2BA$0.92
7 Pointe ApartmentsPebble3BR,2BA$1.09
Park Forest Apartments2BR/1BA2BR,1BA$1.27
Hopeside I2.2-50%2BR,2BA$1.20
Frederick SquareFrederick Square 2 bedroom2BR,1BA$1.00
Fallwood1 Bed/1.5 Ba Den Up1BR,1.5BA$1.31
Harbour PointeThe Hideaway1BR,1BA$1.32
Greenway ApartmentsGreenway 2 bedroom2BR,1BA$1.02
Arlington Green (Indy Town)Arlington Green 2 bedroom2BR,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.

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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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Quick 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.

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Pet Friendly Lifestyle
Forest Manor, Indianapolis, IN

Ranked #237

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

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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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

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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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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.

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Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods

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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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Articles, How-To's, and Tips

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

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Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

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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Creative Ways Developers Reimagine Retail Spaces as Residential Units

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Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

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.