
Cheap Apartments for Rent in the Indy East Neighborhood of Indianapolis, IN from $500 (15 Rentals)
Search the lowest-cost Apartments available for rent right now in the Indy East area of Indianapolis.


1131 N Rural St

890 N Gladstone Ave

1106 N Gale St

856 N Bradley Ave
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.

415 N Oxford St

1221 N Oxford St

3611 E Vermont St

1540 N Grant Ave

1434 N Denny St
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.

3609 E Vermont St

1538 N Grant Ave

1114 N Dearborn St

1846 E Brookside Ave

1335 N Ewing St
Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods
Discover the heart of the Midwest! Learn about popular Indianapolis neighborhoods to rent like Speedway and Eagledale, plus top universities and can't-miss places to eat.
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 Studio Apartments | $950 | $950 | $950 |
| Indy East 1 Bedroom Apartments | $979 | $539 | $1,500 |
| Indy East 2 Bedroom Apartments | $1,041 | $629 | $1,396 |
| Indy East 3 Bedroom Apartments | $1,254 | $925 | $1,699 |
| Indy East 4 Bedroom Apartments | $10,159 | $10,000 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 15 rentals with your search options within a 1 mile radius of the Indy East Neighborhood of Indianapolis, IN.
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Cheapest Available Indy East Apartments for Rent
 The cheapest available apartment rental in the Indy East area of Indianapolis, IN is a 2 Beds unit found at Minnie Hartman priced from $629. Colonial Park has the second lowest priced unit, which is a 1 Bed apartment currently listed from $850. Here are the most affordable Indy East apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Minnie Hartman | The Lillie 30% | 2BR,1BA | $629 |
| Colonial Park | 1 Bed, 1 bath | 1BR,1BA | $850 |
| The Courts Apartment Homes | 2x1 Classic | 2BR,1BA | $909 |
Best Value Apartments for Rent in Indy East, IN
As of March 14, 2026 the best value apartment in the Indy East area is the $1.04 price per square foot 553 N Oakland Ave Model at 553 N Oakland Ave, Unit 553 in the in the Martindale neighborhood starting from $1,300. The second greatest value Indy East apartment is the The Lillie 60% Model at Minnie Hartman starting at $1,190 with a $1.36 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. |
|---|---|---|---|
| 553 N Oakland Ave, Unit 553 | 553 N Oakland Ave | 2BR,1BA | $1.04 |
| Minnie Hartman | The Lillie 60% | 2BR,1BA | $1.36 |
| The Courts Apartment Homes | 2x1 Classic | 2BR,1BA | $1.17 |
| Colonial Park | 1 Bed, 1 bath | 1BR,1BA | $1.55 |
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 Colonial Park which is listed at $850, while the average apartment in Indy East costs $10,159.
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 6 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.
Helpful Local Expert Guides

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.

Your Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters
Written by: Wendy Melton
Indianapolis is well-known for being one of the top college cities in the country. Local colleges and universities are ranked in the Top 10 when it comes to sports and academic excellence.

Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods
Written by: Wendy Melton
My name is Wendy, and I've lived in Indiana for most of my life. Indianapolis is our state capital, and many people consider it the heart of the Midwest. People come from all around to explore everything Indianapolis has to offer.
Articles, How-To's, and Tips

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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.