Cheap Apartments for Rent in the Martindale Neighborhood of Indianapolis, IN from $300 (103 Rentals)

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

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 - 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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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 The Stella priced from $393. East Village at Avondale Meadows Apartments has the second lowest priced unit, which is a 3 Beds apartment currently listed from $662. Here are the most affordable Martindale apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
The StellaVega 30%Studio,1BA$393
East Village at Avondale Meadows ApartmentsC13BR,2BA$662
Oxmoor Indy1BR/1.0BA1BR,1BA$699
Meridian TowersStudio ApartmentStudio,1BA$699
Hopeside I2.2-50%2BR,2BA$745
The Seminole1br1BR,1BA$833
Courts Apartments2 Bedroom 1 Bathroom Apartment2BR,1BA$854
The Sheldrake Apartments1 Bedroom With Den1BR,1BA$875
Priscilla on PennsylvaniaStudio - Second FloorStudio,1BA$895
Minnie Hartmann CenterThe Lucy 40%2BR,1BA$931

Best Value Apartments for Rent in Martindale, IN

As of June 02, 2025 the best value apartment in the Martindale area is the $1.36 price per square foot 2 Bedroom Model at 1301 N Alabama St in the in the Near North Indianapolis neighborhood starting from $2,250. The second greatest value Martindale apartment is the Richelieu Talbot 2B 1500 Model at The Richelieu starting at $2,050 with a $1.37 price per square foot in the Near North Indianapolis 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.
1301 N Alabama St2 Bedroom2BR,1BA$1.36
The RichelieuRichelieu Talbot 2B 15002BR,2BA$1.37
Glen Ridge Manor Townhomes and FlatsGlen Ridge 2 Bedroom Townhome2BR,1BA$0.85
East Village at Avondale Meadows ApartmentsB22BR,2BA$1.12
Hopeside I2.2-50%2BR,2BA$0.81
3229 Dr Andrew J Brown Ave, Unit 3227 Dr Andrew J Brown Av3229 Dr Andrew J Brown Ave3BR,1BA$1.29
Courts Apartments2 Bedroom 1 Bathroom Apartment2BR,1BA$1.09
The Sheldrake Apartments1 Bedroom With Den1BR,1BA$1.17
The Seminole1br1BR,1BA$1.13
Oxmoor Indy1BR/1.0BA1BR,1BA$1.00

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 #15

Among neighborhoods in Indianapolis, IN 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 the Cheapest Studio apartment in Martindale?

Currently the most affordable Cheap Studio Apartment in Martindale is at The Stella listed at $393.

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

The lowest price for a Cheap One Bedroom Martindale Apartment is $398 at The Stella.

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

Today's best deal for a Cheap Two Bedroom Apartment in Martindale is starting from $483 at The Stella.

What is the most affordable Martindale Three Bedroom Apartment?

The best deal on a cheap Martindale Three Bedroom Apartment rental is at East Village at Avondale Meadows Apartments and starts from $662.

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.

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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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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.