Cheap Apartments for Rent in the Martindale Neighborhood of Indianapolis, IN from $500 (260 Rentals)

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

property at 2905 N Denny St

$400 - $1,400

Total Monthly Price

Total Monthly Price

Base Rent
$400 - $1,400
Total Monthly Price
$400 - $1,400

1 To 2 Bedroom Homes for Rent

Available Now

2905 N Denny St

IndianapolisIN46218

Indy's Innovation Hub: Top Indianapolis Employers and the Neighborhoods that Welcome You Home

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property at 3165 Station St

$699 - $749

Studio To 3 Bedroom Rentals

Available Now

3165 Station St

IndianapolisIN46218

Rent According to Income: A Look at Income-Restricted Rentals

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

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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 1 Bed unit found at Central @ 29 priced from $543. Meridian Towers has the second lowest priced unit, which is a Studio apartment currently listed from $699. Here are the most affordable Martindale apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Central @ 291 Bedroom - A1BR,1BA$543
Meridian TowersStudio ApartmentStudio,1BA$699
Oxmoor Indy1BR/1.0BA1BR,1BA$699
East Village at Avondale Meadows ApartmentsA11BR,1BA$703
INDY FLATSSherwood Std DStudio,1BA$705
The Sheldrake ApartmentsStudio HybridStudio,1BA$705
34 North ApartmentsStudioStudio,1BA$725
Maple Court1 Bed Original1BR,1BA$735
The Commons on 25thStudio - The EnclaveStudio,1BA$749
3519 Balsam Ave1 Beds, 1 Baths1BR,1BA$775

Best Value Apartments for Rent in Martindale, IN

As of August 16, 2026 the best value apartment in the Martindale area is the $0.98 price per square foot #4 Model at 945 Woodruff Place Middle Drive in the in the Martindale neighborhood starting from $1,495. The second greatest value Martindale apartment is the 3017 Broadway St Model at 3017 Broadway St, Unit 3017 Broadway 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.
945 Woodruff Place Middle Drive#42BR,1.5BA$0.98
3017 Broadway St, Unit 3017 Broadway3017 Broadway St3BR,1.5BA$0.93
East Village at Avondale Meadows ApartmentsC23BR,2BA$1.11
605 N Rural St, Unit 605605 N Rural St3BR,1.5BA$0.90
1902 N Talbott St2 Beds, 1 Baths2BR,1BA$1.00
The Star2 Bed2BR,1BA$0.76
Clifford Corners2 Beds, 1 Baths2BR,1BA$1.19
The Davlan2-12BR,1BA$0.95
1733 N. Meridian1BR1BR,1BA$1.04
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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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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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 #24

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 $775.

What is the price of a cheap apartment in Martindale?

The cheapest apartment in Martindale is Central @ 29 which is listed at $543, while the average apartment in Martindale costs $1,325.

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 68 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 $158 which is $1,167 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.

Helpful Local Expert Guides

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Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods

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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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Articles, How-To's, and Tips

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Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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