Cheap Apartments for Rent in the Glenroy Village Neighborhood of Indianapolis, IN from $700 (9 Rentals)

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

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Cheapest Available Glenroy Village Apartments for Rent

 

The cheapest available apartment rental in the Glenroy Village area of Indianapolis, IN is a Studio unit found at Serenity Manor 55+ Independent Active Living priced from $715. Stonehenge has the second lowest priced unit, which is a Studio apartment currently listed from $749. Here are the most affordable Glenroy Village apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Serenity Manor 55+ Independent Active LivingStudioStudio,1BA$715
StonehengeStudioStudio,1BA$749
The Aerie on 11th Street2 Bedroom 1 Bath - 203492BR,1BA$775

Best Value Apartments for Rent in Glenroy Village, IN

As of December 07, 2025 the best value apartment in the Glenroy Village area is the $1.36 price per square foot 3 Bedroom Model at Park View at Beech Grove in the in the Southeast Indianapolis neighborhood starting from $1,627. The second greatest value Glenroy Village 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 Glenroy Village apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Park View at Beech Grove3 Bedroom3BR,2.5BA$1.36
7302 East Washington Street, Unit A7302 East Washington StreetStudio ,1.5BA$1.04
The Vistas Apartment Homes2 Bedroom 1.5 Bath Townhouse - Classic2BR,1.5BA$1.10
The Aerie on 11th Street2 Bedroom 1 Bath - 203492BR,1BA$0.87
Beech Tree Glen Apartments1x1R1BR,1BA$1.13
Minnie Hartmann CenterThe Alma 50%2BR,1BA$1.48
The Courts Apartment Homes2x1 - Classic2BR,1BA$1.13
Beech Meadow ApartmentsBirch1BR,1BA$1.31
Churchman Woods2 BEDROOM2BR,1BA$1.30
Serenity Manor 55+ Independent Active Living1 Bedroom/1 Bathroom1BR,1BA$1.22

Getting Around the Glenroy Village Neighborhood in Indianapolis, IN

Walk Score®

23 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

32 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

8 / 100

Minimal Transit

It may be possible to get on a bus

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 Glenroy Village Apartments

What is a cheap apartment in Glenroy Village?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Glenroy Village is under $964.

What is the price of a cheap apartment in Glenroy Village?

The cheapest apartment in Glenroy Village is Serenity Manor 55+ Independent Active Living which is listed at $855, while the average apartment in Glenroy Village costs $1,585.

What types of apartments are the cheapest in Glenroy Village?

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 18 regular apartments in Glenroy Village 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 Glenroy Village?

Cheap apartments in Glenroy Village have an average cost of $936 which is $649 cheaper than the average rent for all rentals in Glenroy Village.

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

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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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Renting with Roommates: Realistic Expectations for Shared Lease

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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.

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Apartment Common Area Rules: What Renters Need to Know

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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.

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How to Negotiate Your Apartment Lease and Save Money

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Everything is a negotiation in real estate!