Cheap Homes for Rent in Lafayette Square Neighborhood of Indianapolis, IN from $900 (3 Rentals)

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Search the lowest-cost Homes available for rent right now in the Lafayette Square 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.

Lafayette Square, Indianapolis, IN Local Guide

Best Value Apartments for Rent in Lafayette Square, IN

As of June 23, 2025 the best value apartment in the Lafayette Square area is the $1.13 price per square foot 3 BEDROOM | 2 BATHROOM A Model at The Life at Wood Springs in the in the Timberview neighborhood starting from $1,430. The second greatest value Lafayette Square apartment is the CYPRESS Model at The Life at White Pines starting at $1,494 with a $1.25 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 ListingModel NameBed/BathPrice Per Sq.Ft.
The Life at Wood Springs3 BEDROOM | 2 BATHROOM A3BR,2BA$1.13
The Life at White PinesCYPRESS3BR,2BA$1.25
Fields Apartments2 Bedrooms 1 Bath Apartment2BR,1BA$1.13
The Life at Creekside ReserveJUNIPER2BR,1.5BA$1.28
The AbbyThe Derbyshire2BR,1BA$1.20
Idlewood ApartmentsB-12BR,1BA$1.31
The Maywood at SpeedwayThe Vesuvio1BR,1BA$1.25
Abney Lake1 Bedroom Fireplace1BR,1BA$1.25
Pebble PointThe Bliss1BR,1BA$1.28
Woodhaven ParkOne Bedroom One Bath1BR,1BA$1.30

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Frequently Asked Questions about Lafayette Square

What type of rentals are currently available in Lafayette Square?

There are currently 52 Apartments for Rent in Lafayette Square, IN with pricing that ranges from $671 to $3,504. There are also 17 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lafayette Square ranging from $900 to $2,355.

What is the current price range for Rental Homes in Lafayette Square?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Lafayette Square ranges from $900 to $2,355 with an average monthly rent of $1,640.

How much are larger Three and Four Bedroom Rentals in Lafayette Square?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Lafayette Square range from $1,185 to $3,504, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,475 to $2,050. Four Bedroom Single-Family rentals are also available starting from $2,355 and Four Bedroom Apartments start at $2,325.

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.