Cheap Apartments for Rent in the Homecroft Neighborhood of Indianapolis, IN from $600 (35 Rentals)

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

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Crossroads at Madison
Studio to 2 Bedroom Apartments

Crossroads at Madison

4725 Madison AveIndianapolis, IN 46227
  • Utilities Included
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Estate View
1 to 2 Bedroom Apartments

Estate View

6768 S East StIndianapolis, IN 46227
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Pleasant Creek Apartments
Studio to 2 Bedroom Apartments

Pleasant Creek Apartments

2816 E County Line RdIndianapolis, IN 46227
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Windsor Court
1 to 2 Bedroom Apartments

Windsor Court

7302 Queen Anne CtIndianapolis, IN 46227

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When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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South & Madison
Studio to 3 Bedroom Apartments

South & Madison

1819 Madison Village DrIndianapolis, IN 46227
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Crossroads at Southgreen
1 to 2 Bedroom Apartments

Crossroads at Southgreen

5030 Southgreen DrIndianapolis, IN 46227
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The Sterling
1 to 2 Bedroom Apartments

The Sterling

8020 Madison AveIndianapolis, IN 46227
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Ninth Avenue Apartments
Studio to 3 Bedroom Apartments

Ninth Avenue Apartments

4651 Mimi DrIndianapolis, IN 46237
Corporate Housing
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Fountain Lake Villas
Studio to 3 Bedroom Apartments

Fountain Lake Villas

2220 E Stop 13 RdIndianapolis, IN 46227
Senior Living
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Grand Oaks
1 to 2 Bedroom Apartments

Grand Oaks

7215 Grand Ritz LnIndianapolis, IN 46237
  • Utilities Included

Indy's Innovation Hub: Top Indianapolis Employers and the Neighborhoods that Welcome You Home

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Showing Results 1-35, Page 1 of 1

Homecroft, Indianapolis, IN Local Guide

Cheapest Available Homecroft Apartments for Rent

 

The cheapest available apartment rental in the Homecroft area of Indianapolis, IN is a 1 Bed unit found at Berkley Commons priced from $725. 5700 Madison Apartments & Edgewood on Madison has the second lowest priced unit, which is a Studio apartment currently listed from $765. Here are the most affordable Homecroft apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Berkley CommonsOne Bedroom One Bath1BR,1BA$725
5700 Madison Apartments & Edgewood on MadisonEdgewood - CypressStudio,1BA$765
South & MadisonE2Studio,1BA$809
Brookwood Apartments1 Bedroom 1 Bathroom1BR,1BA$819
Windsor CourtStandard One Bedroom (SN4)1BR,1BA$824
Sawmill Apartments1 Bed 1 Bath Small1BR,1BA$849
Greentree Apartments1 Bedroom 1 Bathroom1BR,1BA$850
SOUTHPORT AT BUCK CREEK1 Bedroom1BR,1BA$863
The SterlingThe Lexington1BR,1BA$875
Parc Bordeaux Apartments1 Bed 1 Bath1BR,1BA$899

Best Value Apartments for Rent in Homecroft, IN

As of April 30, 2026 the best value apartment in the Homecroft area is the $1.23 price per square foot The Donegal Model at Waterford Place Apartments in the in the Winchester Village neighborhood starting from $1,295. The second greatest value Homecroft apartment is the 2 Bd/2 Ba (H) Model at Autumn Chase starting at $1,274 with a $1.25 price per square foot in the Winchester Village neighborhood. Here is today’s list of the best values for Homecroft apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Waterford Place ApartmentsThe Donegal2BR,1.5BA$1.23
Autumn Chase2 Bd/2 Ba (H)2BR,2BA$1.25
Oak ParkTimber - Upgraded2BR,1BA$1.21
Fox ClubTwo Bedroom Two Bath2BR,2BA$1.13
Strawbridge GreenRedfern2BR,1.5BA$1.22
Brookwood Apartments2 Bedroom 1.5 Bath2BR,1.5BA$1.20
South & MadisonB22BR,1BA$1.19
Parc Bordeaux Apartments1 Bed 1 Bath1BR,1BA$1.10
The SterlingThe Lexington1BR,1BA$1.18
Buckridge at Southport1BR/1.0BA1BR,1BA$1.25

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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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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Quick Rent Budget Calculator

How much rent can you afford?

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
Homecroft, Indianapolis, IN

Ranked #38

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 Homecroft Apartments

What is a cheap apartment in Homecroft?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Homecroft is under $899.

What is the price of a cheap apartment in Homecroft?

The cheapest apartment in Homecroft is Berkley Commons which is listed at $725, while the average apartment in Homecroft costs $1,687.

What types of apartments are the cheapest in Homecroft?

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 39 regular apartments in Homecroft 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 Homecroft?

Cheap apartments in Homecroft have an average cost of $360 which is $1,327 cheaper than the average rent for all rentals in Homecroft.

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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