Cheap Apartments for Rent in the Market East Neighborhood of Indianapolis, IN from $579 (52 Rentals)

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

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Ralston Apartments
Rent Specials
$1,090 - $2,895

Total Monthly Price

Base Rent$1,090 - $2,895
Total Monthly Price$1,090 - $2,895
1 to 4 Bedroom Apartments Available Now

Ralston Apartments

1201 Indiana AveIndianapolis, IN 46202
Corporate Housing
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9 On Canal
Rent Specials
$1,163 - $3,568

Total Monthly Price

Base Rent$1,163 - $3,568
Total Monthly Price$1,163 - $3,568
Studio to 3 Bedroom Apartments Available Now

9 On Canal

335 W 9th StIndianapolis, IN 46202
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Rent According to Income: A Look at Income-Restricted Rentals

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Market East - One of the Best Affordable Neighborhoods in Indianapolis

Named as one of the Best Affordable Neighborhoods to rent in Indianapolis by our Local Expert Wendy Melton. See how it ranks!

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Bon Air Residence
$1,750 - $2,250

Total Monthly Price

Base Rent$1,750 - $2,250
Total Monthly Price$1,750 - $2,250
1 Bedroom Apartments Available Now

Bon Air Residence

21-23 W 16th StIndianapolis, IN 46202
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402 E New York St
2 Bedroom Apartments

402 E New York St

402 E New York StIndianapolis, IN 46202

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Market East, Indianapolis, IN Local Guide

Cheapest Available Market East Apartments for Rent

 

The cheapest available apartment rental in the Market East area of Indianapolis, IN is a Studio unit found at The Commons on 25th priced from $749. Priscilla on Pennsylvania has the second lowest priced unit, which is a Studio apartment currently listed from $799. Here are the most affordable Market East apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
The Commons on 25thStudio - The EnclaveStudio, 1BA$749
Priscilla on PennsylvaniaStudio- 1st Floor CornerStudio, 1BA$799
Madison Lofts1 Bedroom 1-ART Bathroom1BR, 1BA$830
Artistry IndyEdie (EcoSuite)Studio, 1BA$984
Devonshire Apartments1BR/1.0BA1BR, 1BA$990
The MarleighStudioStudio, 1BA$999
Vivio on Tenth0x1-S1-401Studio, 1BA$999
522 Fletcher Ave*ONE FREE MONTH OF RENT* 522 Fletcher Ave - 1 ...1BR, 1BA$999
Penn Street Tower ApartmentsWabash: Floors 02-071BR, 1BA$1,049
RiverviewCalumetStudio, 1BA$1,095

Best Value Apartments for Rent in Market East, IN

As of September 22, 2026 the best value apartment in the Market East area is the $1.42 price per square foot Star Townhome Model at Pulliam Square in the Riley neighborhood starting from $2,498. The second greatest value Market East apartment is the 1 Bedroom 1 Bath Model at The Block in the Riley neighborhood starting at $1,829 with a $1.26 price per square foot. Here is today’s list of the best values for Market East apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Pulliam SquareStar Townhome2BR, 2BA$1.42
The Block1 Bedroom 1 Bath1BR, 1BA$1.26
Applegate FlatsTwo Bedroom2BR, 1.5BA$1.55
Ralston ApartmentsIris2BR, 2BA$1.52
The E'LaanThe Vonnegut1BR, 1BA$1.53
The Avenue2x22BR, 2BA$1.18
The Assumption on Blaine1 Bed 1 Bath1BR, 1BA$1.31
Penn Street Tower ApartmentsWabash: Floors 13-151BR, 1BA$1.59
522 Fletcher Ave*ONE FREE MONTH OF RENT* 522 Fletcher Ave - 1 ...1BR, 1BA$1.37
Madison Lofts1 Bedroom 1 Bathroom1BR, 1BA$1.44

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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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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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
Market East, Indianapolis, IN

Ranked #18

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 Cheap Market East Apartments

What is a cheap apartment in Market East?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Market East is under $1,095.

What is the price of a cheap apartment in Market East?

The cheapest apartment in Market East is Madison Lofts which is listed at $830, while the average apartment in Market East costs $1,599.

What types of apartments are the cheapest in Market East?

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 78 regular apartments in Market East 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 Market East?

Cheap apartments in Market East have an average cost of $307 which is $1,292 cheaper than the average rent for all rentals in Market East.

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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My name is Wendy, and I am the local expert for ApartmentHomeLiving.com in the Indianapolis area. Being born and raised in Indiana, I know the true meaning of Hoosier hospitality.

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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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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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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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