Cheap Apartments for Rent in the Forest Manor Neighborhood of Indianapolis, IN from $500 (29 Rentals)
Search the lowest-cost Apartments available for rent right now in the Forest Manor area of Indianapolis.

Indy Town Apartments

5959 E 24th St

3302 N Chester Ave

2248 N Leland Ave

2248 N Leland Ave

The Prairies Apartment Homes
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2945 Schofield Ave, Unit 2945

3725 N Sherman Dr
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
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6228 East 21st St

6226 East 21st St

6005 Dickson Rd
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
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5959 E 24th St

East Village at Avondale Meadows Apartments

6006 Dickson Rd

5915 Devington Rd
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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.

3059 N Gale St
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 1 Bedroom Apartments | $1,004 | $649 | $1,194 |
| Forest Manor 2 Bedroom Apartments | $1,176 | $803 | $1,495 |
| Forest Manor 3 Bedroom Apartments | $4,140 | $1,395 | $6,885 |
| Forest Manor 4 Bedroom Apartments | $1,075 | $1,075 | $1,075 |
Browse Apartments in this Neighborhood
There are currently 29 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 Indy Town Apartments priced from $798. Frederick Square has the second lowest priced unit, which is a 1 Bed apartment currently listed from $816. Here are the most affordable Forest Manor apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Indy Town Apartments | Arlington Green 2 bedroom | 2BR,1BA | $798 |
| Frederick Square | Frederick Square 1 bedroom | 1BR,1BA | $816 |
| East Village at Avondale Meadows Apartments | B1 | 2BR,2BA | $829 |
| Greenway Apartments | Greenway 1 bedroom | 1BR,1BA | $845 |
| Hopeside I | 2.2-40%-H | 2BR,2BA | $852 |
| The Prairies Apartment Homes | 1 Bedroom 1 Bath Apartment - Classic | 1BR,1BA | $869 |
| Chateau De Ville | Bordeaux | Studio,1BA | $923 |
| 7 Pointe Apartments | Admiral | 1BR,1BA | $969 |
| Fallwood | 1 Bed/1.5 Ba Dn | 1BR,1BA | $1,090 |
| Harbour Pointe | The Cove | 1BR,1BA | $1,099 |
Best Value Apartments for Rent in Forest Manor, IN
As of November 30, 2025 the best value apartment in the Forest Manor area is the $0.93 price per square foot 2.2-40% Model at Hopeside I in the in the Martindale neighborhood starting from $852. The second greatest value Forest Manor apartment is the 2 Beds, 1 Baths Model at Heritage Apartments starting at $1,150 with a $1.31 price per square foot in the Southeast Indianapolis 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. |
|---|---|---|---|
| Hopeside I | 2.2-40% | 2BR,2BA | $0.93 |
| Heritage Apartments | 2 Beds, 1 Baths | 2BR,1BA | $1.31 |
| Willow Brook | Two Bedroom One Bath | 2BR,1BA | $1.44 |
| Fallwood | 1 Bed/1.5 Ba Dn | 1BR,1.5BA | $1.43 |
| East Village at Avondale Meadows Apartments | A2 | 1BR,1BA | $1.43 |
| 7 Pointe Apartments | Admiral | 1BR,1BA | $1.36 |
| Frederick Square | Frederick Square 1 bedroom | 1BR,1BA | $1.17 |
| Indy Town Apartments | Arlington Green 2 bedroom | 2BR,1BA | $1.16 |
| Greenway Apartments | Greenway 1 bedroom | 1BR,1BA | $1.27 |
| The Prairies Apartment Homes | 1 Bedroom 1 Bath Apartment - Classic | 1BR,1BA | $1.35 |
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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
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 #246
Among cities in Indiana for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Getting Around the Forest Manor Neighborhood in Indianapolis, IN
Walk Score®
49 / 100
Car-Dependent
Most errands require a car
Bike Score®
43 / 100
Somewhat Bikeable
Minimal bike infrastructure
Transit Score®
38 / 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 Forest Manor Apartments
How much is rent for a Cheap One Bedroom Forest Manor Apartment?
The lowest price for a Cheap One Bedroom Forest Manor Apartment is $816 at Frederick Square.
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 $798 at Indy Town Apartments.
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.

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.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.












