Cheap Apartments for Rent in the Mapelton Neighborhood of Indianapolis, IN from $400 (28 Rentals)

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

property at 3609 Balsam Ave

$650 - $825

Studio To 1 Bedroom Rentals

Available Now

3609 Balsam Ave

IndianapolisIN46205

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

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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Charmwood Terrace
Studio to 2 Bedroom Apartments

Charmwood Terrace

3419 N Pennsylvania StIndianapolis, IN 46205

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.

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Parkside At Tarkington
1 to 2 Bedroom Apartments

Parkside At Tarkington

3901 N Meridian StIndianapolis, IN 46208
Senior Living
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THE COURTS OF MONON
Studio to 1 Bedroom Apartments

THE COURTS OF MONON

3605-3609 Balsam AveIndianapolis, IN 46205
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Marblehead
Studio to 2 Bedroom Apartments

Marblehead

3310 N Meridian StIndianapolis, IN 46208
  • Utilities Included
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VILLAGE AT FALL CREEK
Studio to 1 Bedroom Apartments

VILLAGE AT FALL CREEK

3520-3534 Fall Creek Parkway North DrIndianapolis, IN 46205
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727 Fairfield Ave
1 Bedroom Apartments

727 Fairfield Ave

727 Fairfield AveIndianapolis, IN 46205
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The Historic Bauer
1 to 2 Bedroom Apartments

The Historic Bauer

3720 N Meridian StIndianapolis, IN 46208
  • Utilities Included

Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods

Discover the heart of the Midwest! Learn about popular Indianapolis neighborhoods to rent like Speedway and Eagledale, plus top universities and can't-miss places to eat.

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Historic Dorchester
1 to 4 Bedroom Apartments

Historic Dorchester

3720 N Pennsylvania StIndianapolis, IN 46205
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Oxmoor Indy
1 to 3 Bedroom Apartments

Oxmoor Indy

3640 N Meridian StIndianapolis, IN 46208
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Winston
1 Bedroom Apartments

Winston

3630 N Meridian StIndianapolis, IN 46208
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Admiral
1 to 4 Bedroom Apartments

Admiral

3025 N Meridian StIndianapolis, IN 46208
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The Regal Apartments
1 to 2 Bedroom Apartments

The Regal Apartments

3603 N Washington BlvdIndianapolis, IN 46205

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.

Mapelton, Indianapolis, IN Local Guide

Cheapest Available Mapelton Apartments for Rent

 

The cheapest available apartment rental in the Mapelton area of Indianapolis, IN is a Studio unit found at Meridian Towers priced from $629. Oxmoor Indy has the second lowest priced unit, which is a 1 Bed apartment currently listed from $699. Here are the most affordable Mapelton apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Meridian TowersStudio ApartmentStudio,1BA$629
Oxmoor Indy1BR/1.0BA1BR,1BA$699
34 North ApartmentsFour Bedroom4BR,2BA$720
Parkway1 Bedroom1BR,1BA$799
The Star2 Bed2BR,1BA$799
The DominoThe Spark IIStudio,1BA$1,049
The Parkview5012BR,2BA$1,100
Buckingham & BalmoralBalmoral Studio Apartment- 600 Sq. Ft.Studio,1BA$1,130
CityView on Meridian1 Bedroom/1Bathroom 6151BR,1BA$1,142

Best Value Apartments for Rent in Mapelton, IN

As of December 27, 2025 the best value apartment in the Mapelton area is the $0.76 price per square foot 2 Bed Model at The Star in the in the Martindale neighborhood starting from $799. The second greatest value Mapelton apartment is the 3326 Ruckle St Model at 3326 Ruckle St, Unit Rear Apartment starting at $1,250 with a $1.19 price per square foot in the Martindale neighborhood. Here is today’s list of the best values for Mapelton apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Star2 Bed2BR,1BA$0.76
3326 Ruckle St, Unit Rear Apartment3326 Ruckle St1BR,1.5BA$1.19
CityView on Meridian2 Bedroom/1Bathroom 7462BR,1BA$2.17
The Parkview3041BR,1BA$1.46
The Meridian ApartmentsThe Delaware 60%2BR,1BA$1.83
Oxmoor Indy1BR/1.0BA1BR,1BA$1.00
Buckingham & BalmoralBalmoral Studio Apartment- 600 Sq. Ft.Studio ,1BA$1.88
Parkway1 Bedroom1BR,1BA$1.43
34 North ApartmentsStudioStudio ,1BA$1.61
Meridian TowersStudio ApartmentStudio ,1BA$1.72

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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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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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
Mapelton, Indianapolis, IN

Ranked #165

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

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Frequently Asked Questions about Cheap Mapelton Apartments

What is the Cheapest Studio apartment in Mapelton?

Currently the most affordable Cheap Studio Apartment in Mapelton is at Meridian Towers listed at $629.

How much is rent for a Cheap One Bedroom Mapelton Apartment?

The lowest price for a Cheap One Bedroom Mapelton Apartment is $699 at Meridian Towers.

What is the lowest price for a Cheap Two Bedroom Mapelton Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Mapelton is starting from $799 at The Star.

What is the most affordable Mapelton Three Bedroom Apartment?

The best deal on a cheap Mapelton Three Bedroom Apartment rental is at CityView on Meridian and starts from $1,903.

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

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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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Your Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters

Written by: Wendy Melton

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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Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods

Written by: Wendy Melton

My name is Wendy, and I've lived in Indiana for most of my life. Indianapolis is our state capital, and many people consider it the heart of the Midwest. People come from all around to explore everything Indianapolis has to offer.

Articles, How-To's, and Tips

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How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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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!