Cheap Apartments for Rent in the Lafayette Square Neighborhood of Indianapolis, IN from $574 (50 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Lafayette Square area of Indianapolis.

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Wylde at Eagle Creek
Rent Specials
$1,027 - $1,779

Total Monthly Price

Base Rent$1,027 - $1,779
Total Monthly PriceVaries
1 to 2 Bedroom Apartments Available Now

Wylde at Eagle Creek

6612 Eagle Pointe DrIndianapolis, IN 46254
Corporate Housing
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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.

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Lafayette Square - 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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Whispering Pines
1 to 3 Bedroom Apartments

Whispering Pines

4444 Mission DrIndianapolis, IN 46254
  • Utilities Included

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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.

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Lafayette Square, Indianapolis, IN Local Guide

Cheapest Available Lafayette Square Apartments for Rent

 

The cheapest available apartment rental in the Lafayette Square area of Indianapolis, IN is a Studio unit found at Cambridge Commons priced from $675. Rosewood Commons has the second lowest priced unit, which is a Studio apartment currently listed from $755. Here are the most affordable Lafayette Square apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Cambridge CommonsStudioStudio, 1BA$675
Rosewood CommonsStudioStudio, 1BA$755
The Life at Wood Springs1 BEDROOM | 1 BATHROOM A1BR, 1BA$780
Garden Pointe ApartmentsLily StudioStudio, 1BA$795
Woods at Oak CrossingOne Bedroom One Bath1BR, 1BA$809
Mariners Village Apartments0 Bedroom 1 BathroomStudio, 1BA$830
The Stratford Apartments1x1 - Classic1BR, 1BA$879
Cross Creek ApartmentsTopsider1BR, 1BA$890
WoodbrookThe Pine1BR, 1BA$890
Woodhaven ParkOne Bedroom One Bath1BR, 1BA$899

Best Value Apartments for Rent in Lafayette Square, IN

As of September 20, 2026 the best value apartment in the Lafayette Square area is the $1.37 price per square foot WILLOW Model at The Life at Creekside Reserve in the Cheswick Place neighborhood starting from $1,594. The second greatest value Lafayette Square apartment is the B1 Canadian Model at Eagle Chase in the Timberview neighborhood starting at $1,465 with a $1.34 price per square foot. Here is today’s list of the best values for Lafayette Square apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Life at Creekside ReserveWILLOW3BR, 1.5BA$1.37
Eagle ChaseB1 Canadian2BR, 2BA$1.34
Astoria Park Apartment HomesTwo Bedroom 1.5 Bath - 960 sqft2BR, 1.5BA$1.31
6115 W 25th St6115 W 25th St2BR, 1BA$1.10
Wildwood Village Apartments2 Bedroom 1 Bathroom2BR, 1BA$1.28
The Life at Wood Springs2 BEDROOM | 1 BATHROOM A2BR, 1BA$1.24
The Life at Northwest Gardens2 BED 1 BATH2BR, 1BA$1.22
The Maywood at SpeedwayThe Vesuvio1BR, 1BA$1.29
Aspen ChaseOne Bedroom One Bath1BR, 1BA$1.36
WoodbrookThe Pine1BR, 1BA$1.32

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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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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Your Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters

Learn About the Best Neighborhoods to Rent Near College Campuses in Indianapolis, IN | Find Charlotte Indianapolis Student Housing at ApartmentHomeLiving.com

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Pet Friendly Lifestyle
Lafayette Square, Indianapolis, IN

Ranked #44

Among cities in Indiana for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Lifestyle Ratings

Our team of engineers and researchers is proud to bring you Lifestyle Ratings of rentals and neighborhoods across the USA, including Lafayette Square, Indianapolis, and the greater Indianapolis area. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including our Star Ratings to compare for outdoor amenities like tennis courts, luxury amenities, places that make kids happy, raising pets, transit options, and other valuable search options. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap Lafayette Square Apartments

What is a cheap apartment in Lafayette Square?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Lafayette Square is under $899.

What is the price of a cheap apartment in Lafayette Square?

The cheapest apartment in Lafayette Square is The Life at Wood Springs which is listed at $780, while the average apartment in Lafayette Square costs $1,169.

What types of apartments are the cheapest in Lafayette Square?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 51 regular apartments in Lafayette Square that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Lafayette Square?

Cheap apartments in Lafayette Square have an average cost of $228 which is $941 cheaper than the average rent for all rentals in Lafayette Square.

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

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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.

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

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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.

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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.

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