Cheap Apartments for Rent in the Martindale Neighborhood of Indianapolis, IN from $300 (120 Rentals)

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

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Martindale, Indianapolis, IN Local Guide

Cheapest Available Martindale Apartments for Rent

 

The cheapest available apartment rental in the Martindale 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 Martindale apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Meridian TowersStudio ApartmentStudio,1BA$629
Oxmoor Indy1BR/1.0BA1BR,1BA$699
INDY FLATSSherwood Std DStudio,1BA$705
Parkway1 Bedroom1BR,1BA$799
The Courts Apartment Homes1x11BR,1BA$799
The Star2 Bed2BR,1BA$799
East Village at Avondale Meadows ApartmentsB12BR,2BA$829
Hopeside I2.2-40%-H2BR,2BA$852
Devonshire Apartments in Downtown Indianapolis1BR/1.0BA1BR,1BA$890
The WhitakerOne Bedroom1BR,1BA$895

Best Value Apartments for Rent in Martindale, IN

As of November 01, 2025 the best value apartment in the Martindale area is the $0.69 price per square foot 3809 N Pennsylvania St Model at 3809 N Pennsylvania St, Unit 1 in the in the Martindale neighborhood starting from $1,380. The second greatest value Martindale apartment is the 1121 N Dearborn St Model at 1121 N Dearborn St, Unit 1121 N Dearborn starting at $1,100 with a $0.81 price per square foot in the Martindale neighborhood. Here is today’s list of the best values for Martindale apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
3809 N Pennsylvania St, Unit 13809 N Pennsylvania St3BR,2BA$0.69
1121 N Dearborn St, Unit 1121 N Dearborn1121 N Dearborn St2BR,1.5BA$0.81
Glen Ridge Manor Townhomes and FlatsGlen Ridge 2 bedroom Flat2BR,1BA$0.81
The Star2 Bed2BR,1BA$0.76
Oxmoor Indy3BR/1.0BA3BR,1BA$1.00
Indy Colonial Apartments3111BR,1BA$1.05
Hopeside I2.2-40%2BR,2BA$0.93
PavillionTwo Bedrooms, One Bathroom2BR,1BA$1.41
Trail SideA1BR,1BA$1.12
Parkway1 Bedroom1BR,1BA$1.43

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Martindale, Indianapolis, IN

Ranked #12

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Martindale, Indianapolis, IN

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of neighborhoods, metropolitan areas, and rental properties across Indiana, including Indianapolis. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including searching for the best amenities, and the best proximity to parks and outdoor amenities, transit availability, pet-friendly communities, places to raise kids, and how walkable or bikeable each community and area is. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap Martindale Apartments

What is a cheap apartment in Martindale?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Martindale is under $895.

What is the price of a cheap apartment in Martindale?

The cheapest apartment in Martindale is Meridian Towers which is listed at $699, while the average apartment in Martindale costs $4,420.

What types of apartments are the cheapest in Martindale?

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 79 regular apartments in Martindale 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 Martindale?

Cheap apartments in Martindale have an average cost of $230 which is $4,190 cheaper than the average rent for all rentals in Martindale.

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.

decorative image for A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Indianapolis article

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! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

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.