
Cheap Apartments for Rent in the Linden Wood Neighborhood of Indianapolis, IN from $600 (23 Rentals)
Search the lowest-cost Apartments available for rent right now in the Linden Wood area of Indianapolis.


Brookwood Apartments

SOUTHPORT AT BUCK CREEK

Greentree Apartments

Meridian Court South

Buckridge at Southport

Thompson Village Apartments
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

Sherbrook

Beechmill Apartments

Waterford Place Apartments

Martinique Terrace

The Sycamores

City Heights

Crossroads at Madison
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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.

Estate View

Pleasant Creek Apartments

Windsor Court

South & Madison

Crossroads at Southgreen

The Sterling

Fountain Lake Villas
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
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Estates of Creekside Apartments

Polo Run Apartments
Linden Wood, Indianapolis, IN Local Guide

How much does it cost to rent an apartment in Linden Wood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Linden Wood Studio Apartments | $1,020 | $790 | $1,435 |
| Linden Wood 1 Bedroom Apartments | $1,059 | $831 | $1,650 |
| Linden Wood 2 Bedroom Apartments | $1,250 | $881 | $2,004 |
| Linden Wood 3 Bedroom Apartments | $1,649 | $1,130 | $3,190 |
| Linden Wood 4 Bedroom Apartments | $1,667 | $1,575 | $1,760 |
Browse Apartments in this Neighborhood
There are currently 23 rentals with your search options within a 2 mile radius of the Linden Wood Neighborhood of Indianapolis, IN.
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Linden Wood, Indianapolis, IN Local Guide
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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 $790. South & Madison has the second lowest priced unit, which is a Studio apartment currently listed from $809. Here are the most affordable Linden Wood apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 5700 Madison Apartments & Edgewood on Madison | Edgewood - Cypress | Studio,1BA | $790 |
| South & Madison | E2 | Studio,1BA | $809 |
| Brookwood Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $831 |
| Sherbrook | Studio | Studio,1BA | $865 |
| SOUTHPORT AT BUCK CREEK | 1 Bedroom | 1BR,1BA | $880 |
Best Value Apartments for Rent in Linden Wood, IN
As of May 25, 2026 the best value apartment in the Linden Wood area is the $1.21 price per square foot B2 Timber Upgrade Model at Oak Park in the in the Winchester Village neighborhood starting from $1,209. The second greatest value Linden Wood apartment is the The Spruce Model at The Sycamores starting at $1,375 with a $1.41 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Oak Park | B2 Timber Upgrade | 2BR,1BA | $1.21 |
| The Sycamores | The Spruce | 2BR,2BA | $1.41 |
| Brookwood Apartments | 2 Bedroom 2 Bath | 2BR,2BA | $1.16 |
| South & Madison | B2 | 2BR,1BA | $1.19 |
| Martinique Terrace | 1 Bed/1 Ba Up Mini W/D | 1BR,1BA | $1.18 |
| Dakota Ridge | 1U | 1BR,1BA | $1.37 |
| Greentree Apartments | 2x1 Classic | 2BR,1BA | $1.31 |
| The Sterling | The Lexington | 1BR,1BA | $1.15 |
| Buckridge at Southport | 1BR/1.0BA | 1BR,1BA | $1.25 |
| SOUTHPORT AT BUCK CREEK | 1 Bedroom | 1BR,1BA | $1.26 |
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.
Read ArticleYour 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
Read ArticleReal 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.
Read ArticleQuick 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.
Pet Friendly LifestyleLinden Wood, Indianapolis, IN
Ranked #88
Among cities in Indiana for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Best Local Schools in Linden Wood, Indianapolis, IN
Douglas Macarthur Elementary School
School data provided by Great Schools
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 $933.
What is the price of a cheap apartment in Linden Wood?
The cheapest apartment in Linden Wood is South & Madison which is listed at $830, while the average apartment in Linden Wood costs $1,667.
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 42 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 $150 which is $1,517 cheaper than the average rent for all rentals in Linden Wood.
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

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.

Your Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters
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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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Indianapolis is truly the heart of the Midwest. No matter what career path you choose, opportunities for advancement are everywhere.
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