Cheap Apartments for Rent in the Herron Morton Place Neighborhood of Indianapolis, IN from $500 (43 Rentals)

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

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9 On Canal
Rent Specials
$910 - $3,315
Total Monthly Price

Total Monthly Price

Base Rent
$910 - $3,315
Total Monthly Price
$910 - $3,315
Studio to 3 Bedroom Apartments Available Now

9 On Canal

335 W 9th StIndianapolis, IN 46202
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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 INDY FLATS priced from $655. 34 North Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $725. Here are the most affordable Herron Morton Place apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
INDY FLATSSherwood Std DStudio,1BA$655
34 North ApartmentsStudioStudio,1BA$725
Priscilla on PennsylvaniaStudio- 1st Floor CornerStudio,1BA$799
River West FlatsOne Bedroom One Bath - The Driftwood1BR,1BA$919
Artistry IndyEdie (EcoSuite)Studio,1BA$945
New Bridge3 Bed 1.5 Bath TH - The Clifton3BR,1BA$1,009
Riley TowersSDStudio,1BA$1,062
9 On CanalStudio - ManchesterStudio,1BA$1,065
Ralston ApartmentsMagnolia1BR,1BA$1,094
Vanguard at 16 TechS1Studio,1BA$1,150

Best Value Apartments for Rent in Herron Morton Place, IN

As of May 08, 2026 the best value apartment in the Herron Morton Place area is the $1.49 price per square foot 3 Bedroom 2 Bath Model at The Block in the in the Riley neighborhood starting from $2,639. The second greatest value Herron Morton Place apartment is the Two Bed One Bath Model at 2131 North starting at $1,400 with a $1.41 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 Block3 Bedroom 2 Bath3BR,2BA$1.49
2131 NorthTwo Bed One Bath2BR,1BA$1.41
WesmontTwo Bedroom - Body and Soul2BR,2BA$1.63
The E'LaanThe Vonnegut1BR,1BA$1.69
Penn Street Tower ApartmentsWabash: Floors 10-121BR,1BA$1.59
Nine+EighteenThe Central1BR,1BA$1.84
New Bridge2 Bed 1.5 Bath TH - The Longfellow2BR,1.5BA$1.62
The Residence at White River ApartmentsREID - A11BR,1BA$1.92
River West FlatsOne Bedroom One Bath - The Driftwood1BR,1BA$1.63
34 North ApartmentsStudioStudio ,1BA$1.61

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Pet Friendly Lifestyle
Herron Morton Place, Indianapolis, IN

Ranked #16

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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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 $1,150.

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

The cheapest apartment in Herron Morton Place is INDY FLATS which is listed at $830, while the average apartment in Herron Morton Place costs $2,029.

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 121 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 $405 which is $1,624 cheaper than the average rent for all rentals in Herron Morton Place.

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.

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