Cheap Homes for Rent in Lafayette Square Neighborhood of Indianapolis, IN from $1,500 (5 Rentals)

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

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Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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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 The Stratford priced from $520. Marabou Mills has the second lowest priced unit, which is a Studio apartment currently listed from $740. Here are the most affordable Lafayette Square apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
The StratfordStudioStudio,1BA$520
Marabou MillsStudioStudio,1BA$740
The Life at Wood Springs1 BEDROOM | 1 BATHROOM A1BR,1BA$750

Best Value Apartments for Rent in Lafayette Square, IN

As of September 08, 2025 the best value apartment in the Lafayette Square area is the $0.99 price per square foot 2 Bed 2 Bath Renovated Model at Center Point in the in the Timberview neighborhood starting from $1,235. The second greatest value Lafayette Square apartment is the 5831 Suburban Dr Model at 5831 Suburban Dr, Unit Studio A starting at $1,075 with a $0.90 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.
Center Point2 Bed 2 Bath Renovated2BR,1BA$0.99
5831 Suburban Dr, Unit Studio A5831 Suburban DrStudio ,1BA$0.90
Pebble PointThe Escape2BR,2BA$1.21
The Maywood at SpeedwayThe Santa Maria2BR,1.5BA$1.29
The Fields Apartment Homes1 Bedroom 1 Bathroom Apartment Deluxe1BR,1BA$1.09
The Stratford1 Bedroom 1 Bathroom1BR,1BA$1.11
The Life at White PinesPINE1BR,1BA$1.19
Woodhaven ParkOne Bedroom One Bath1BR,1BA$1.30
The Life at Wood Springs1 BEDROOM | 1 BATHROOM A1BR,1BA$1.19
Mariners VillageStudioStudio ,1BA$1.30

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Lafayette Square, Indianapolis, IN

Ranked #54

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Frequently Asked Questions about Lafayette Square

What type of rentals are currently available in Lafayette Square?

There are currently 56 Apartments for Rent in Lafayette Square, IN with pricing that ranges from $740 to $2,665. There are also 10 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lafayette Square ranging from $1,550 to $2,530.

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 $1,550 to $2,530 with an average monthly rent of $1,870.

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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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.