Cheap Homes for Rent in Mapelton Neighborhood of Indianapolis, IN from $700 (12 Rentals)

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

property at 3450 Graceland Ave

$1,075

Total Monthly Price

Total Monthly Price

Base Rent
$1,075

Total Monthly Price
$1,075

3 Bedroom, 1 Bath Townhome for Rent

Available Now

3450 Graceland Ave

IndianapolisIN46208

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.

property at 538 W 29th St

$1,099 - $1,349

2 To 3 Bedroom Rentals

Available Now

538 W 29th St

IndianapolisIN46208

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.

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
Maple Court Apartments - Where City Convenience Meets Neighborhood Charm!StudioStudio,1BA$725
34 North ApartmentsStudioStudio,1BA$725
Parkway1 Bedroom1BR,1BA$799

Best Value Apartments for Rent in Mapelton, IN

As of June 06, 2026 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
Oxmoor Indy3BR/1.0BA3BR,1BA$1.00
CityView on Meridian1 Bedroom/1Bathroom 6451BR,1BA$1.63
Parkview Apartments LLC1 Bedroom 1 Bath - 350901BR,1BA$1.45
2947 Schofield Ave, Unit 29472947 Schofield Ave2BR,1BA$1.47
Parkway1 Bedroom1BR,1BA$1.43
Maple Court Apartments - Where City Convenience Meets Neighborhood Charm!StudioStudio ,1BA$1.32
The MeridianThe PennStudio ,1BA$1.65
34 North ApartmentsStudioStudio ,1BA$1.61

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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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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Real 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.

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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 #172

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

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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Frequently Asked Questions about Mapelton

What type of rentals are currently available in Mapelton?

There are currently 144 Apartments for Rent in Mapelton, IN with pricing that ranges from $629 to $5,150. There are also 58 Single Family Homes for rent, Condos, and Townhome rentals currently available in Mapelton ranging from $750 to $2,600.

What is the current price range for Rental Homes in Mapelton?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Mapelton ranges from $750 to $2,600 with an average monthly rent of $1,421.

How much are larger Three and Four Bedroom Rentals in Mapelton?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Mapelton range from $1,249 to $4,272, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,000 to $2,300. Four Bedroom Single-Family rentals are also available starting from $1,395 and Four Bedroom Apartments start at $995.

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.

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Indys Innovation Hub: Top Indianapolis Employers and the Neighborhoods that Welcome You Home

Written by: Wendy Melton

Indianapolis is truly the heart of the Midwest. No matter what career path you choose, opportunities for advancement are everywhere.

Articles, How-To's, and Tips

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

decorative image for Neighborhood and Market Insights: How to Choose the Right Area to Rent   article

Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.