Cheap Apartments for Rent in the Herron Morton Place Neighborhood of Indianapolis, IN from $500 (35 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
$1,110 - $3,515
Total Monthly Price

Total Monthly Price

Base Rent
$1,110 - $3,515
Total Monthly Price
$1,110 - $3,515
Studio to 3 Bedroom Apartments Available Now

9 On Canal

335 W 9th StIndianapolis, IN 46202
Furnished
  • Verified
  • Customer Reviewed
  • 3D Tour

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Ralston Apartments
Rent Specials
$1,204 - $2,949
Total Monthly Price

Total Monthly Price

Base Rent
$1,204 - $2,949
Total Monthly Price
Varies
1 to 4 Bedroom Apartments Available Now

Ralston Apartments

1201 Indiana AveIndianapolis, IN 46202
Corporate Housing
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Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods

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Herron Morton Place - One of the Best Affordable Neighborhoods in Indianapolis

Named as one of the Best Affordable Neighborhoods to rent in Indianapolis by our Local Expert Wendy Melton. See how it ranks!

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1902 N Talbott St
2 Bedroom Apartments

1902 N Talbott St

1902 N Talbott StIndianapolis, IN 46202
Showing Results 1-35, Page 1 of 1

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 34 North Apartments priced from $725. The Commons on 25th has the second lowest priced unit, which is a Studio apartment currently listed from $749. Here are the most affordable Herron Morton Place apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
34 North ApartmentsStudioStudio,1BA$725
The Commons on 25thStudio - The EnclaveStudio,1BA$749
Priscilla on PennsylvaniaStudio- 1st Floor CornerStudio,1BA$799
River West FlatsOne Bedroom One Bath - The Driftwood1BR,1BA$949
CityView on Meridian1 Bedroom/1Bathroom 6451BR,1BA$989
The DominoThe Spark IStudio,1BA$995
522 Fletcher Ave*ONE FREE MONTH OF RENT* 522 Fletcher Ave - 1 ...1BR,1BA$1,025
The Residence at White River ApartmentsHARRISON - B12BR,1BA$1,145
Riley TowersS4Studio,1BA$1,147
Circa ApartmentsS1Studio,1BA$1,188

Best Value Apartments for Rent in Herron Morton Place, IN

As of August 08, 2026 the best value apartment in the Herron Morton Place area is the $1.36 price per square foot 3 Bedroom 2 Bath Model at The Block in the in the Riley neighborhood starting from $2,399. The second greatest value Herron Morton Place apartment is the 4x4 Model at The Avenue starting at $979 with a $0.71 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$1.36
The Avenue4x44BR,4BA$0.71
1902 N Talbott St2 Beds, 1 Baths2BR,1BA$1.00
Nine+EighteenThe Arch2BR,2BA$1.84
Canal SquareB3 Vermont Upgrade2BR,2BA$1.85
The Residence at White River ApartmentsHARRISON - B12BR,1BA$1.24
522 Fletcher Ave*ONE FREE MONTH OF RENT* 522 Fletcher Ave - 1 ...1BR,1BA$1.40
CityView on Meridian1 Bedroom/1Bathroom 6451BR,1BA$1.53
River West FlatsOne Bedroom One Bath - The Driftwood1BR,1BA$1.68
34 North ApartmentsStudioStudio ,1BA$1.61

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

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Your 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

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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.

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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 $1,188.

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

The cheapest apartment in Herron Morton Place is The Commons on 25th which is listed at $769, while the average apartment in Herron Morton Place costs $1,599.

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 42 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 $285 which is $1,314 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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