Cheap Apartments for Rent in the Linden Wood Neighborhood of Indianapolis, IN from $600 (28 Rentals)

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

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Crossroads at Madison
Studio to 2 Bedroom Apartments

Crossroads at Madison

4725 Madison AveIndianapolis, IN 46227
  • Utilities Included
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Estate View
1 to 2 Bedroom Apartments

Estate View

6768 S East StIndianapolis, IN 46227
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Windsor Court
1 to 2 Bedroom Apartments

Windsor Court

7302 Queen Anne CtIndianapolis, IN 46227
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Crossroads at Southgreen
1 to 2 Bedroom Apartments

Crossroads at Southgreen

5030 Southgreen DrIndianapolis, IN 46227
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Pleasant Creek Apartments
Studio to 2 Bedroom Apartments

Pleasant Creek Apartments

2816 E County Line RdIndianapolis, IN 46227
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South & Madison
Studio to 3 Bedroom Apartments

South & Madison

1819 Madison Village DrIndianapolis, IN 46227

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Lighthouse Landings
1 to 2 Bedroom Apartments

Lighthouse Landings

6640 Heron Neck DrIndianapolis, IN 46217
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Fountain Lake Villas
Studio to 3 Bedroom Apartments

Fountain Lake Villas

2220 E Stop 13 RdIndianapolis, IN 46227
Senior Living
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The Sterling
1 to 2 Bedroom Apartments

The Sterling

8020 Madison AveIndianapolis, IN 46227

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Linden Wood, Indianapolis, IN Local Guide

Cheapest Available Linden Wood Apartments for Rent

 

The cheapest available apartment rental in the Linden Wood area of Indianapolis, IN is a Studio unit found at 5700 Madison Apartments & Edgewood on Madison priced from $670. Windsor Court has the second lowest priced unit, which is a 1 Bed apartment currently listed from $728. Here are the most affordable Linden Wood apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
5700 Madison Apartments & Edgewood on MadisonEdgewood - LoftStudio,1BA$670
Windsor CourtStandard One Bedroom (SN1)1BR,1BA$728
Buckridge at Southport1BR/1.0BA1BR,1BA$800
SherbrookStudioStudio,1BA$839
South & MadisonE2Studio,1BA$840
Polo Run ApartmentsThe Morgan 1 BR 1 BA1BR,1BA$840
Brookwood ApartmentsEvergreen Three1BR,1BA$907
Oak ParkForest1BR,1BA$929
Westminster Apartments and TownhomesStafford1BR,1BA$945
Thompson Village ApartmentsOne Bedroom Apartment1BR,1BA$967

Best Value Apartments for Rent in Linden Wood, IN

As of November 08, 2025 the best value apartment in the Linden Wood area is the $1.14 price per square foot 3 Bedrooms 2 Baths- Phase I Model at Aspen Lakes in the in the Southern Homes neighborhood starting from $1,725. The second greatest value Linden Wood apartment is the The Cottage Model at Waterford Place Apartments starting at $1,485 with a $1.24 price per square foot in the Winchester Village neighborhood. Here is today’s list of the best values for Linden Wood apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Aspen Lakes3 Bedrooms 2 Baths- Phase I3BR,2BA$1.14
Waterford Place ApartmentsThe Cottage2BR,2BA$1.24
South Haven Village Apartments2x22BR,2BA$1.31
Auburn Place ApartmentsMerlot2BR,1.5BA$1.24
Brookwood ApartmentsSycamore Two3BR,1.5BA$1.27
Oak ParkDale2BR,1BA$1.25
Martinique Terrace2 Bed/1 Ba Standard Up2BR,1BA$1.24
Berkley CommonsTwo Bedroom One Bath2BR,1BA$1.31
The SterlingThe Lexington1BR,1BA$1.32
Buckridge at Southport1BR/1.0BA1BR,1BA$1.11

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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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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
Linden Wood, Indianapolis, IN

Ranked #80

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

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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Getting Around the Linden Wood Neighborhood in Indianapolis, IN

Walk Score®

48 / 100

Car-Dependent

Most errands require a car

Bike Score®

43 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

16 / 100

Minimal Transit

It may be possible to get on a bus

Frequently Asked Questions about Cheap Linden Wood Apartments

What is a cheap apartment in Linden Wood?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Linden Wood is under $967.

What is the price of a cheap apartment in Linden Wood?

The cheapest apartment in Linden Wood is Windsor Court which is listed at $728, while the average apartment in Linden Wood costs $1,700.

What types of apartments are the cheapest in Linden Wood?

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 19 regular apartments in Linden Wood 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 Linden Wood?

Cheap apartments in Linden Wood have an average cost of $136 which is $1,564 cheaper than the average rent for all rentals in Linden Wood.

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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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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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.