Cheap Homes for Rent in Martindale Neighborhood of Indianapolis, IN from $500 (60 Rentals)

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

property at 607 E 32nd St

607 E 32nd St

IndianapolisIN46205
property at 146 E 19th St

146 E 19th St

IndianapolisIN46202
property at 1411 N Olney St

1411 N Olney St

IndianapolisIN46201
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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 Parkway priced from $665. East Village at Avondale Meadows Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $693. Here are the most affordable Martindale apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
ParkwayStudioStudio,1BA$665
East Village at Avondale Meadows ApartmentsA11BR,1BA$693
Meridian TowersStudio ApartmentStudio,1BA$695
Oxmoor Indy1BR/1.0BA1BR,1BA$699
The Star1 Bed1BR,1BA$725
Hopeside I2.2-50%2BR,2BA$745
Courts Apartments2 Bedroom 1 Bathroom Apartment2BR,1BA$773
The Seminole1br1BR,1BA$833
The WhitakerOne Bedroom1BR,1BA$845
The WashingtonOne Bedroom - Sublevel1BR,1BA$850

Best Value Apartments for Rent in Martindale, IN

As of June 30, 2025 the best value apartment in the Martindale area is the $1.32 price per square foot 1613 Nowland Ave Model at 1613 Nowland Ave, Unit B in the in the Martindale neighborhood starting from $1,900. The second greatest value Martindale apartment is the 2035 N Pennsylvania St Model at 2035 N Pennsylvania St starting at $1,600 with a $1.14 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.
1613 Nowland Ave, Unit B1613 Nowland Ave2BR,2.5BA$1.32
2035 N Pennsylvania St2035 N Pennsylvania St3BR,1BA$1.14
1003 Broadway St, Unit 1003 Broadway St apt 21003 Broadway St2BR,2BA$1.25
1641 E Michigan St, Unit C1641 E Michigan St2BR,1BA$1.31
Glen Ridge Manor Townhomes and FlatsGlen Ridge 2 Bedroom Townhome2BR,1BA$0.80
The Star2 Beds, 1 Baths2BR,1BA$0.76
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
The Seminole1br1BR,1BA$1.13
Oxmoor Indy1BR/1.0BA1BR,1BA$1.00

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Frequently Asked Questions about Martindale

What type of rentals are currently available in Martindale?

There are currently 417 Apartments for Rent in Martindale, IN with pricing that ranges from $585 to $5,250. There are also 220 Single Family Homes for rent, Condos, and Townhome rentals currently available in Martindale ranging from $595 to $6,000.

What is the current price range for Rental Homes in Martindale?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Martindale ranges from $595 to $6,000 with an average monthly rent of $1,761.

How much are larger Three and Four Bedroom Rentals in Martindale?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Martindale range from $1,100 to $5,250, while Three Bedroom Homes, Condos, and Townhomes for rent range from $925 to $3,800. Four Bedroom Single-Family rentals are also available starting from $1,500 and Four Bedroom Apartments start at $1,900.

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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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

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.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

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.