
Cheap Homes for Rent in the Indy East Neighborhood of Indianapolis, IN from $500 (43 Rentals)
Search the lowest-cost Homes available for rent right now in the Indy East area of Indianapolis.


320 N Sherman Dr

318 N Sherman Dr

1538 N Grant Ave

2209 E New York St, Unit B

2201 E New York St, Unit B

1356 N Olney St

721 N Denny St
Indy's Innovation Hub: Top Indianapolis Employers and the Neighborhoods that Welcome You Home
Find your dream job and perfect neighborhood in Indy. Discover major companies and the best places to live for young professionals and families, from historic districts to quiet, upscale communities.

521 N Gladstone Ave, Unit B

1306 N Chester Ave

238.5 N Beville Ave

238 N Beville Ave

4522 E Washington St, Unit 2ND FLOOR

3617 Brookside Pkwy S Dr

4310 E Michigan St

810 N Gladstone Ave
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

4312 E Michigan St

1462 N Gladstone Ave

1464 N Gladstone Ave

933 N Linwood Ave

47 N Ewing St

2911 E Brookside Ave

942 N Bradley Ave

943 N Drexel Ave
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.

3058 Brookside Pkwy N Dr, Unit 3058 Brookside Parkway N.

1531 N Grant Ave

4614 E 16th St

1727 N Tacoma Ave

617 N Oxford St

621 N Oxford St

621 Tecumseh St

1020 N Ewing St
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!

323 N Rural St

2020 E Adams St

2346 Coyner Ave

1525 N Colorado Ave

1509 N Chester Ave

4118 E Washington St

2201 E New York St, Unit D

35 N Bradley Ave
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

2201 E New York St

4124 E 11th St

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

How much does it cost to rent a home in Indy East?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Indy East 2 Bedroom Homes for Rent | $1,232 | $900 | $1,800 |
| Indy East 3 Bedroom Homes for Rent | $1,443 | $949 | $2,799 |
| Indy East 4 Bedroom Homes for Rent | $2,018 | $1,285 | $4,500 |
| Indy East 5 Bedroom Homes for Rent | $1,786 | $1,672 | $1,900 |
Browse Homes for Rent in this Neighborhood
There are currently 43 rentals with your search options within a 1 mile radius of the Indy East Neighborhood of Indianapolis, IN.
Explore Indianapolis
Cheapest Available Indy East Homes for Rent
 The cheapest available rental home in the Indy East area of Indianapolis, IN is a 1 Bed home found at 238.5 N Beville Ave priced from $750. 943 N Drexel Ave has the second lowest priced home, which is a 1 Bed rental home currently listed from $870. Here are the most affordable Indy East homes for rent in Indianapolis, IN:
| Home Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 238.5 N Beville Ave | 238.5 N Beville Ave | 1BR, 1BA | $750 |
| 943 N Drexel Ave | 943 N Drexel Ave | 1BR, 1BA | $870 |
| 2328 E 16th St | 2328 E 16th St | 2BR, 1BA | $1,100 |
| 1937 N Parker Ave | 1937 N Parker Ave | 2BR, 1BA | $1,122 |
| 130 N Gladstone Ave | 130 N Gladstone Ave | 4BR, 1BA | $1,285 |
| 20 N Colorado Ave | 20 N Colorado Ave | 3BR, 1BA | $1,299 |
| 1214 N Oakland Ave | 1214 N Oakland Ave | 3BR, 2BA | $1,300 |
Best Value Homes for Rent in Indy East, IN
As of September 17, 2026 the best value rental home in the Indy East area is the $0.76 price per square foot 1826 Commerce Ave Model at 1826 Commerce Ave in the Martindale neighborhood starting from $1,900. The second greatest value Indy East rental home is the 1643 N Tacoma Ave Model at 1643 N Tacoma Ave in the Martindale neighborhood starting at $1,700 with a $0.95 price per square foot. Here is today’s list of the best values for Indy East homes based on price per square foot:
| Home Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 1826 Commerce Ave | 1826 Commerce Ave | 5BR, 2BA | $0.76 |
| 1643 N Tacoma Ave | 1643 N Tacoma Ave | 4BR, 1.5BA | $0.95 |
| 589 Woodruff Place Middle Dr | 589 Woodruff Place Middle Dr | 2BR, 1BA | $1.08 |
| 27 N Linwood Ave | 27 N Linwood Ave | 3BR, 1.5BA | $1.02 |
| 1214 N Oakland Ave | 1214 N Oakland Ave | 3BR, 2BA | $0.89 |
| 20 N Colorado Ave | 20 N Colorado Ave | 3BR, 1.5BA | $0.99 |
| 130 N Gladstone Ave | 130 N Gladstone Ave | 4BR, 1BA | $1.12 |
| 783 Woodruff Pl E Dr, Unit 783 | 783 Woodruff Pl E Dr | 1BR, 1BA | $1.14 |
| 2328 E 16th St | 2328 E 16th St | 2BR, 1BA | $1.11 |
| 238.5 N Beville Ave | 238.5 N Beville Ave | 1BR, 1BA | $1.07 |
Frequently Asked Questions about Indy East
What type of rentals are currently available in Indy East?
There are currently 81 Apartments for Rent in Indy East, IN with pricing that ranges from $625 to $6,890. There are also 123 Single Family Homes for rent, Condos, and Townhome rentals currently available in Indy East ranging from $500 to $4,500.
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 $500 to $4,500 with an average monthly rent of $1,311.
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 $950 to $2,349, while Three Bedroom Homes, Condos, and Townhomes for rent range from $949 to $2,799. Four Bedroom Single-Family rentals are also available starting from $1,285 and Four Bedroom Apartments start at $1,379.
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

Welcome to Indy: A Local Expert's Guide to the City's Best Short-Term Rental Neighborhoods
Written by: Wendy Melton
My name is Wendy, and I am the local expert for ApartmentHomeLiving.com in the Indianapolis area. Being born and raised in Indiana, I know the true meaning of Hoosier hospitality.

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.

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.

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.
Articles, How-To's, and Tips

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

How Commercial-to-Residential Property Conversions Help the Housing Crisis
Written by: Robin Stewart
Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.