close
View Me
Rent Specials
from $715Studio to 3 Bedroom Apartments Available Now
Cambridge Commons
4959 Oakhurst DrIndianapolis, IN 46254
Cheap Apartments for Rent in the Lafayette Square Neighborhood of Indianapolis, IN from $500 (10 Rentals)
Cheap Apartments in the Lafayette Square area of Indianapolis.
close
View Me
from $748Studio to 2 Bedroom Apartments Available Now
Mariners Village
7135 Islander DrIndianapolis, IN 46214
close
View Me
from $777Studio to 3 Bedroom Apartments Available Now
Scarborough Lake Apartments
6430 Maidstone RdIndianapolis, IN 46254
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.
close
View Me
from $825Studio to 2 Bedroom Apartments Available Now
Garden Pointe Apartments
5005 Lily LnIndianapolis, IN 46254
close
View Me
Rent Specials
from $8451 to 3 Bedroom Apartments Available Now
Woodhaven Park
6363 Commons DrIndianapolis, IN 46254
close
View Me
from $864Studio to 3 Bedroom Apartments Available Now
Abney Lake
3451 Sherburne LnIndianapolis, IN 46222
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.
close
View Me
close
View Me
close
View Me
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!
close
View Me
Showing Results 1-10, Page 1 of 1
Lafayette Square, Indianapolis, IN Local Guide
How much does it cost to rent an apartment in Lafayette Square?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lafayette Square Studio Apartments | $800 | $715 | $914 |
| Lafayette Square 1 Bedroom Apartments | $1,130 | $783 | $2,503 |
| Lafayette Square 2 Bedroom Apartments | $1,314 | $963 | $2,704 |
| Lafayette Square 3 Bedroom Apartments | $1,681 | $1,420 | $2,349 |
| Lafayette Square 4 Bedroom Apartments | $1,855 | $1,750 | $1,960 |
Browse Apartments in this Neighborhood
There are currently 10 rentals with your search options within a 2 mile radius of the Lafayette Square Neighborhood of Indianapolis, IN.
See all Apartments in IndianapolisExplore Indianapolis
Lafayette Square, Indianapolis, IN Local Guide
- Nearby Indianapolis neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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 $715. Mariners Village has the second lowest priced unit, which is a Studio apartment currently listed from $748. Here are the most affordable Lafayette Square apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Cambridge Commons | Studio | Studio,1BA | $715 |
| Mariners Village | Studio | Studio,1BA | $748 |
| Scarborough Lake Apartments | The Sunset 1 BR 1 BA | 1BR,1BA | $783 |
Best Value Apartments for Rent in Lafayette Square, IN
As of May 07, 2025 the best value apartment in the Lafayette Square area is the $1.30 price per square foot 3 BEDROOM | 2 BATHROOM A Model at The Life at Wood Springs in the in the Timberview neighborhood starting from $1,645. The second greatest value Lafayette Square apartment is the The Berkshire Model at The Abby starting at $1,275 with a $1.31 price per square foot in the Cheswick Place neighborhood. Here is today’s list of the best values for Lafayette Square apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Life at Wood Springs | 3 BEDROOM | 2 BATHROOM A | 3BR,2BA | $1.30 |
| The Abby | The Berkshire | 2BR,2BA | $1.31 |
| Eagle’s Edge | Oak | 2BR,1BA | $1.51 |
| Abney Lake | 1 Bedroom Fireplace | 1BR,1BA | $1.25 |
| Scarborough Lake Apartments | The Reef 2 BR 1 BA | 2BR,1BA | $1.45 |
| Woodbrook Apartments | The Pine | 1BR,1BA | $1.36 |
| Astoria Park Apartment Homes | One Bedroom - 670 sqft | 1BR,1BA | $1.49 |
| Woodhaven Park | One Bedroom One Bath | 1BR,1BA | $1.30 |
| Mariners Village | Studio | Studio ,1BA | $1.24 |
| Garden Pointe Apartments | Lily Studio Remodel | Studio ,1BA | $1.50 |
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.
Let everyone know!
Do you know the Lafayette Square area?
If you’re an expert on all things Lafayette Square, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Pet Friendly LifestyleLafayette Square, Indianapolis, IN
Ranked #153
Among neighborhoods in Indianapolis, IN for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
3.0Pet Friendly
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 the Cheapest Studio apartment in Lafayette Square?
Currently the most affordable Cheap Studio Apartment in Lafayette Square is at Cambridge Commons listed at $715.
How much is rent for a Cheap One Bedroom Lafayette Square Apartment?
The lowest price for a Cheap One Bedroom Lafayette Square Apartment is $783 at Scarborough Lake Apartments.
What is the lowest price for a Cheap Two Bedroom Lafayette Square Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Lafayette Square is starting from $963 at Mariners Village.
What is the most affordable Lafayette Square Three Bedroom Apartment?
The best deal on a cheap Lafayette Square Three Bedroom Apartment rental is at Eagle’s Edge and starts from $1,500.
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.
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.
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.
Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.
Rise of Digital Nomads: Remote Work Tips for Apartment Renters
Written by: Brandie Parton
As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.