Cheap Homes for Rent in Keystone-Monon Neighborhood of Indianapolis, IN from $600 (5 Rentals)

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

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.

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.

Keystone-Monon, Indianapolis, IN Local Guide

Cheapest Available Keystone-Monon Apartments for Rent

 

The cheapest available apartment rental in the Keystone-Monon area of Indianapolis, IN is a 1 Bed unit found at Carrollton Manor Apartments priced from $850. The Pines at SoBro has the second lowest priced unit, which is a 1 Bed apartment currently listed from $887. Here are the most affordable Keystone-Monon apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Carrollton Manor Apartments1 Bed 1 Bath1BR,1BA$850
The Pines at SoBroOne Bedrooms1BR,1BA$887
7 Pointe ApartmentsGarnet2BR,2BA$1,089

Best Value Apartments for Rent in Keystone-Monon, IN

As of July 12, 2025 the best value apartment in the Keystone-Monon area is the $1.12 price per square foot Pebble Model at 7 Pointe Apartments in the in the United Northeast neighborhood starting from $1,299. The second greatest value Keystone-Monon apartment is the Two Bedroom One Bath Model at Willow Brook starting at $1,149 with a $1.44 price per square foot in the United Northeast neighborhood. Here is today’s list of the best values for Keystone-Monon apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
7 Pointe ApartmentsPebble3BR,2BA$1.12
Willow BrookTwo Bedroom One Bath2BR,1BA$1.44
Broad Ripple Trails1 Bed Village Rehab1BR,1BA$1.53
The Pines at SoBroOne Bedrooms1BR,1BA$1.24
Harbour PointeThe Grotto1BR,1BA$1.61
Monon 46The Acadia1BR,1BA$2.05
Carrollton Manor Apartments1 Bed 1 Bath1BR,1BA$1.62

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Frequently Asked Questions about Keystone-Monon

What type of rentals are currently available in Keystone-Monon?

There are currently 35 Apartments for Rent in Keystone-Monon, IN with pricing that ranges from $755 to $3,095. There are also 34 Single Family Homes for rent, Condos, and Townhome rentals currently available in Keystone-Monon ranging from $650 to $4,400.

What is the current price range for Rental Homes in Keystone-Monon?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Keystone-Monon ranges from $650 to $4,400 with an average monthly rent of $1,822.

How much are larger Three and Four Bedroom Rentals in Keystone-Monon?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Keystone-Monon range from $1,061 to $3,095, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,349 to $2,495. Four Bedroom Single-Family rentals are also available starting from $2,100 and Four Bedroom Apartments start at $1,415.

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.

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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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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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.

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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.