Cheap Homes for Rent in the Indy East Neighborhood of Indianapolis, IN from $500 (43 Rentals)

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

property at 318 N Sherman Dr
$525
Studio Rentals
Available Now
Affordability

318 N Sherman Dr

IndianapolisIN46201

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property at 2201 E New York St
$699 - $1,379
3 To 4 Bedroom Rentals
Available Now
Affordability

2201 E New York St

IndianapolisIN46201
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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 ListingModel NameBed/BathPriced From
238.5 N Beville Ave238.5 N Beville Ave1BR, 1BA$750
943 N Drexel Ave943 N Drexel Ave1BR, 1BA$870
2328 E 16th St2328 E 16th St2BR, 1BA$1,100
1937 N Parker Ave1937 N Parker Ave2BR, 1BA$1,122
130 N Gladstone Ave130 N Gladstone Ave4BR, 1BA$1,285
20 N Colorado Ave20 N Colorado Ave3BR, 1BA$1,299
1214 N Oakland Ave1214 N Oakland Ave3BR, 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 ListingModel NameBed/BathPrice Per Sq.Ft.
1826 Commerce Ave1826 Commerce Ave5BR, 2BA$0.76
1643 N Tacoma Ave1643 N Tacoma Ave4BR, 1.5BA$0.95
589 Woodruff Place Middle Dr589 Woodruff Place Middle Dr2BR, 1BA$1.08
27 N Linwood Ave27 N Linwood Ave3BR, 1.5BA$1.02
1214 N Oakland Ave1214 N Oakland Ave3BR, 2BA$0.89
20 N Colorado Ave20 N Colorado Ave3BR, 1.5BA$0.99
130 N Gladstone Ave130 N Gladstone Ave4BR, 1BA$1.12
783 Woodruff Pl E Dr, Unit 783783 Woodruff Pl E Dr1BR, 1BA$1.14
2328 E 16th St2328 E 16th St2BR, 1BA$1.11
238.5 N Beville Ave238.5 N Beville Ave1BR, 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.

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