Cheap Apartments for Rent in the Herron Morton Place Neighborhood of Indianapolis, IN from $300 (12 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Herron Morton Place area of Indianapolis.

The Art of the Rental Viewing: What to look for during a property tour

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.

property at 146 E 19th St

146 E 19th St

IndianapolisIN46202
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Colmar Apartments
1 Bedroom Apartments

Colmar Apartments

1620 Central AveIndianapolis, IN 46202
  • Utilities Included

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Herron Morton Place, Indianapolis, IN Local Guide

Cheapest Available Herron Morton Place Apartments for Rent

 

The cheapest available apartment rental in the Herron Morton Place area of Indianapolis, IN is a Studio unit found at The Stella priced from $370. Vivio on Tenth has the second lowest priced unit, which is a 4 Beds apartment currently listed from $600. Here are the most affordable Herron Morton Place apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
The StellaSA 30%Studio,1BA$370
Vivio on Tenth4x2-11584BR,2BA$600
Rise on MeridianThe AmeliaStudio,1BA$1,225
WesmontStudio - Bumping on SunsetStudio,1BA$1,249
9 on CanalStockholm1BR,1BA$1,330

Best Value Apartments for Rent in Herron Morton Place, IN

As of May 26, 2025 the best value apartment in the Herron Morton Place area is the $1.06 price per square foot 1 Bedroom 1 Bath Model at The Block in the in the Riley neighborhood starting from $1,539. The second greatest value Herron Morton Place apartment is the Zurich Model at Cosmopolitan on the Canal starting at $1,810 with a $2.27 price per square foot in the Near North Indianapolis neighborhood. Here is today’s list of the best values for Herron Morton Place apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Block1 Bedroom 1 Bath1BR,1BA$1.06
Cosmopolitan on the CanalZurich1BR,1BA$2.27
The GroundsThe Chic1BR,1BA$2.41
Vivio on Tenth2x2-7282BR,2BA$1.09
Circa ApartmentsFringe1BR,1BA$2.38
WesmontStudio - Bumping on SunsetStudio ,1BA$2.17
9 on CanalManchester1BR,1BA$2.73
The StellaSA 120%Studio ,1BA$2.78
Industry IndianapolisStudio - SaStudio ,1BA$3.37
Rise on MeridianThe AmeliaStudio ,1BA$3.06

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Pet Friendly Lifestyle
Herron Morton Place, Indianapolis, IN

Ranked #148

Among neighborhoods in Indianapolis, IN for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Getting Around the Herron Morton Place Neighborhood in Indianapolis, IN

Walk Score®

80 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

73 / 100

Very Bikeable

Biking is convenient for most trips

Transit Score®

52 / 100

Good Transit

Many nearby public transportation options

Frequently Asked Questions about Cheap Herron Morton Place Apartments

What is a cheap apartment in Herron Morton Place?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Herron Morton Place is under $1,810.

What is the price of a cheap apartment in Herron Morton Place?

The cheapest apartment in Herron Morton Place is The Stella which is listed at $398, while the average apartment in Herron Morton Place costs $3,054.

What types of apartments are the cheapest in Herron Morton Place?

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 13 regular apartments in Herron Morton Place 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 Herron Morton Place?

Cheap apartments in Herron Morton Place have an average cost of $379 which is $2,675 cheaper than the average rent for all rentals in Herron Morton Place.

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

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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The Art of the Rental Viewing: What to look for during a property tour

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You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

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If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.