Cheap Apartments for Rent in the Indy East Neighborhood of Indianapolis, IN from $500 (33 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Apartments available for rent right now in the Indy East 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.

Read Article

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.

Read Article

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.

Read Article
close
View Me
Colonial Park
1 to 2 Bedroom Apartments

Colonial Park

4421 E Washington StIndianapolis, IN 46201
  • Utilities Included

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.

Read Article
close
View Me
Linwood Manor
1 Bedroom Apartments

Linwood Manor

4509 E Washington StIndianapolis, IN 46201
  • Utilities Included
Showing Results 1-33, Page 1 of 1

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 The Courts Apartment Homes priced from $929. 412 N Bradley Ave has the second lowest priced unit, which is a 2 Beds apartment currently listed from $950. Here are the most affordable Indy East apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
The Courts Apartment Homes2x1 Classic2BR,1BA$929
412 N Bradley Ave2 Beds, 1 Baths2BR,1BA$950
Minnie HartmanThe Lillie 50%2BR,1BA$1,136
945 Woodruff Place Middle Drive#42BR,1BA$1,595

Best Value Apartments for Rent in Indy East, IN

As of June 14, 2026 the best value apartment in the Indy East area is the $1.04 price per square foot #4 Model at 945 Woodruff Place Middle Drive in the in the Martindale neighborhood starting from $1,595. The second greatest value Indy East apartment is the 1134 N Dearborn St Model at 1134 N Dearborn St, Unit B starting at $1,350 with a $0.90 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 ListingModel NameBed/BathPrice Per Sq.Ft.
945 Woodruff Place Middle Drive#42BR,1.5BA$1.04
1134 N Dearborn St, Unit B1134 N Dearborn St3BR,1BA$0.90
3312 E 9th St, Unit 33123312 E 9th St3BR,2BA$1.27
3310 E 9th St, Unit 3310 E 9th3310 E 9th St3BR,2BA$2.18
Minnie HartmanThe Lillie 60%2BR,1BA$1.34
The Courts Apartment Homes2x1 Classic2BR,1BA$1.19
412 N Bradley Ave2 Beds, 1 Baths2BR,1BA$1.36

Frequently Asked Questions about Cheap Indy East Apartments

What is the lowest price for a Cheap Two Bedroom Indy East Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Indy East is starting from $929 at The Courts Apartment Homes.

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

decorative image for A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Indianapolis article

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.

decorative image for Your Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters article

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.

decorative image for Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods article

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.

decorative image for Indys Innovation Hub: Top Indianapolis Employers and the Neighborhoods that Welcome You Home article

Indys Innovation Hub: Top Indianapolis Employers and the Neighborhoods that Welcome You Home

Written by: Wendy Melton

Indianapolis is truly the heart of the Midwest. No matter what career path you choose, opportunities for advancement are everywhere.

Articles, How-To's, and Tips

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

decorative image for Pet-Friendly Renting: Everything You Need to Know Before You Move article

Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

decorative image for Creative Ways Developers Reimagine Retail Spaces as Residential Units article

Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

decorative image for Neighborhood and Market Insights: How to Choose the Right Area to Rent article

Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.