Cheap Homes for Rent in Indy East Neighborhood of Indianapolis, IN from $500 (30 Rentals)

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Search the lowest-cost Homes available for rent right now in the Indy East area of Indianapolis.

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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property at 840 N Rural St

840 N Rural St

IndianapolisIN46201
property at 1106 N Gale St

1106 N Gale St

IndianapolisIN46201

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Indy East - 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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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 Courts Apartments priced from $854. Minnie Hartmann Center has the second lowest priced unit, which is a 2 Beds apartment currently listed from $931. Here are the most affordable Indy East apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Courts Apartments2 Bedroom 1 Bathroom Apartment2BR,1BA$854
Minnie Hartmann CenterThe Lucy 40%2BR,1BA$931
Traymore ApartmentsOne Bedroom1BR,1BA$960
Historic Irvington FlatsBeautiful Renovated Historic Apartment 1 bedroo...1BR,1BA$1,039
College Manor1 BR1BR,1BA$1,050
The LeoThe EliStudio,1BA$1,285
Lockerbie Flats1 Bedroom1BR,2BA$1,350
Five Twenty VirginiaL2BR,1BA$1,750

Best Value Apartments for Rent in Indy East, IN

As of June 01, 2025 the best value apartment in the Indy East area is the $1.85 price per square foot K Model at Five Twenty Virginia in the in the Wholesale District neighborhood starting from $1,879. The second greatest value Indy East apartment is the 1 Bedroom Model at Lockerbie Flats starting at $1,350 with a $1.48 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.
Five Twenty VirginiaK2BR,1BA$1.85
Lockerbie Flats1 Bedroom1BR,2BA$1.48
Minnie Hartmann CenterThe Alma 50%2BR,1BA$1.48
Courts Apartments2 Bedroom 1 Bathroom Apartment2BR,1BA$1.09
College Manor1 BR1BR,1BA$1.57
Historic Irvington FlatsBeautiful Renovated Historic Apartment 1 bedroo...1BR,1BA$1.60
Traymore ApartmentsOne Bedroom - Front1BR,1BA$1.63
The LeoThe EliStudio ,1BA$2.36

Frequently Asked Questions about Indy East

What type of rentals are currently available in Indy East?

There are currently 69 Apartments for Rent in Indy East, IN with pricing that ranges from $695 to $2,500. There are also 83 Single Family Homes for rent, Condos, and Townhome rentals currently available in Indy East ranging from $595 to $2,700.

What is the current price range for Rental Homes in Indy East?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Indy East ranges from $595 to $2,700 with an average monthly rent of $1,516.

How much are larger Three and Four Bedroom Rentals in Indy East?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Indy East range from $1,010 to $1,600, while Three Bedroom Homes, Condos, and Townhomes for rent range from $925 to $2,017. Four Bedroom Single-Family rentals are also available starting from $1,399 and Four Bedroom Apartments start at $2,500.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

decorative image for The Freedom of Short-Term Leases: Exploring the Advantages for Renters article

The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.