Cheap Apartments for Rent in the Martindale Neighborhood of Indianapolis, IN from $500 (138 Rentals)

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

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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property at 146 E 19th St

$824

2 Bedroom Rentals

Available Now

146 E 19th St

IndianapolisIN46202

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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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.

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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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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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
The Sheldrake ApartmentsStudio HybridStudio,1BA$700
INDY FLATSSherwood Std DStudio,1BA$705
34 North ApartmentsFour Bedroom4BR,2BA$720
St. Agnes Apartments5th Floor Studio LargeStudio,1BA$785
The Courts Apartment Homes1x1 Classic1BR,1BA$799
Parkway1 Bedroom1BR,1BA$799
The Star2 Bed2BR,1BA$799
East Village at Avondale Meadows ApartmentsB12BR,2BA$829

Best Value Apartments for Rent in Martindale, IN

As of December 25, 2025 the best value apartment in the Martindale area is the $0.87 price per square foot 2322 Guilford Ave Model at 2322 Guilford Ave, Unit A in the in the Martindale neighborhood starting from $1,300. The second greatest value Martindale apartment is the 1134 N Dearborn St Model at 1134 N Dearborn St, Unit B starting at $1,400 with a $0.93 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.
2322 Guilford Ave, Unit A2322 Guilford Ave3BR,1BA$0.87
1134 N Dearborn St, Unit B1134 N Dearborn St3BR,1BA$0.93
Glen Ridge Manor Townhomes and Flats (Indy Town)Glen Ridge 2 bedroom Flat2BR,1BA$0.73
1205 N Grant Ave1205 N Grant Ave2BR,1.5BA$1.12
East Village at Avondale Meadows ApartmentsB22BR,2BA$1.14
The Star2 Bed2BR,1BA$0.76
Indy Colonial Apartments3111BR,1BA$1.05
Hopeside I2.2-40%2BR,2BA$0.93
Trail SideA1BR,1BA$1.12
Oxmoor Indy1BR/1.0BA1BR,1BA$1.00

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
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 $829.

What is the price of a cheap apartment in Martindale?

The cheapest apartment in Martindale is Oxmoor Indy which is listed at $699, while the average apartment in Martindale costs $1,932.

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 92 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 $242 which is $1,690 cheaper than the average rent for all rentals in Martindale.

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.

Articles, How-To's, and Tips

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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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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.