
Cheap Apartments for Rent in the Herron Morton Place Neighborhood of Indianapolis, IN from $300 (12 Rentals)
Search the lowest-cost Apartments available for rent right now in the Herron Morton Place area of Indianapolis.


Vivio on Tenth

Rise on Meridian

Wesmont

The Grounds
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.

Circa Apartments

Industry Indianapolis

2060 N Delaware St

146 E 19th St

2020 N Delaware St
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

How much does it cost to rent an apartment in Herron Morton Place?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Herron Morton Place Studio Apartments | $1,323 | $370 | $1,735 |
Herron Morton Place 1 Bedroom Apartments | $1,686 | $398 | $3,580 |
Herron Morton Place 2 Bedroom Apartments | $2,121 | $483 | $4,320 |
Herron Morton Place 3 Bedroom Apartments | $3,172 | $2,199 | $4,040 |
Herron Morton Place 4 Bedroom Apartments | $600 | $600 | $600 |
Browse Apartments in this Neighborhood
There are currently 12 rentals with your search options within a 2 mile radius of the Herron Morton Place Neighborhood of Indianapolis, IN.
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Herron Morton Place, Indianapolis, IN Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
The Stella | SA 30% | Studio,1BA | $370 |
Vivio on Tenth | 4x2-1158 | 4BR,2BA | $600 |
Rise on Meridian | The Amelia | Studio,1BA | $1,225 |
Wesmont | Studio - Bumping on Sunset | Studio,1BA | $1,249 |
9 on Canal | Stockholm | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
The Block | 1 Bedroom 1 Bath | 1BR,1BA | $1.06 |
Cosmopolitan on the Canal | Zurich | 1BR,1BA | $2.27 |
The Grounds | The Chic | 1BR,1BA | $2.41 |
Vivio on Tenth | 2x2-728 | 2BR,2BA | $1.09 |
Circa Apartments | Fringe | 1BR,1BA | $2.38 |
Wesmont | Studio - Bumping on Sunset | Studio ,1BA | $2.17 |
9 on Canal | Manchester | 1BR,1BA | $2.73 |
The Stella | SA 120% | Studio ,1BA | $2.78 |
Industry Indianapolis | Studio - Sa | Studio ,1BA | $3.37 |
Rise on Meridian | The Amelia | Studio ,1BA | $3.06 |
Quick Rent Budget Calculator
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Pet Friendly LifestyleHerron Morton Place, Indianapolis, IN
Ranked #148
Among neighborhoods in Indianapolis, IN for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
2.5Pet Friendly
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
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 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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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.

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.