
Cheap Apartments for Rent in the Indy East Neighborhood of Indianapolis, IN from $300 (22 Rentals)
Search the lowest-cost Apartments available for rent right now in the Indy East area of Indianapolis.


3004 E Michigan St

867-867 N Linwood Ave

1752-1752 N Rural St

1133 N Olney St

The Courts Apartment Homes

608 N Dearborn St
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

409 N Gray St

1129 N Rural St

1131 N Rural St

890 N Gladstone Ave

1106 N Gale St

301.5 N Temple Ave
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
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.

960 N Drexel Ave

856 N Bradley Ave

530 N Chester Ave

1221 N Oxford St

1223 N Oxford St

1540 N Grant Ave

918 N Kealing Ave
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.

239 N Tacoma Ave
Indy East, Indianapolis, IN Local Guide

How much does it cost to rent an apartment in Indy East?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Indy East 1 Bedroom Apartments | $1,063 | $775 | $1,500 |
| Indy East 2 Bedroom Apartments | $1,004 | $695 | $1,429 |
| Indy East 3 Bedroom Apartments | $1,391 | $950 | $1,800 |
| Indy East 4 Bedroom Apartments | $1,072 | $895 | $1,250 |
Browse Apartments in this Neighborhood
There are currently 22 rentals with your search options within a 1 mile radius of the Indy East Neighborhood of Indianapolis, IN.
See all Apartments in IndianapolisExplore Indianapolis
Cheapest Available Indy East Apartments for Rent
 | Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Courts Apartment Homes | 1x1 Classic | 1BR,1BA | $799 |
| Minnie Hartmann Center | The Lucy 40% | 2BR,1BA | $931 |
Best Value Apartments for Rent in Indy East, IN
As of December 21, 2025 the best value apartment in the Indy East area is the $0.93 price per square foot 1134 N Dearborn St Model at 1134 N Dearborn St, Unit B in the in the Martindale neighborhood starting from $1,400. The second greatest value Indy East apartment is the 1029 N Keystone Ave Model at 1029 N Keystone Ave, Unit 1029 N keystone starting at $1,800 with a $1.20 price per square foot in the Martindale neighborhood. Here is today’s list of the best values for Indy East apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 1134 N Dearborn St, Unit B | 1134 N Dearborn St | 3BR,1BA | $0.93 |
| 1029 N Keystone Ave, Unit 1029 N keystone | 1029 N Keystone Ave | 3BR,1.5BA | $1.20 |
| 1205 N Grant Ave | 1205 N Grant Ave | 2BR,1.5BA | $1.12 |
| Minnie Hartmann Center | The Alma 50% | 2BR,1BA | $1.48 |
| The Courts Apartment Homes | 1x1 Classic | 1BR,1BA | $1.45 |
Frequently Asked Questions about Cheap Indy East Apartments
What is the price of a cheap apartment in Indy East?
The cheapest apartment in Indy East is The Courts Apartment Homes which is listed at $799, while the average apartment in Indy East costs $1,400.
What types of apartments are the cheapest in Indy East?
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 3 regular apartments in Indy East that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
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.
Articles, How-To's, and Tips

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.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
