Cheap Homes for Rent in Martindale Neighborhood of Indianapolis, IN from $500 (102 Rentals)

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

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 - 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 2 Beds unit found at East Village at Avondale Meadows Apartments priced from $579. Meridian Towers has the second lowest priced unit, which is a Studio apartment currently listed from $629. Here are the most affordable Martindale apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
East Village at Avondale Meadows ApartmentsB32BR,2BA$579
Meridian TowersStudio ApartmentStudio,1BA$629
ParkwayStudioStudio,1BA$665
Oxmoor Indy1BR/1.0BA1BR,1BA$699
The Star1 Bed1BR,1BA$725
Hopeside I2.2-50%2BR,2BA$745
Courts Apartments1 Bedroom 1 Bathroom Apartment1BR,1BA$814
Minnie Hartmann CenterThe Lucy 40%2BR,1BA$931
The Seminole1br1BR,1BA$938
Glen Ridge Manor Townhomes and FlatsGlen Ridge 2 Bedroom Townhome2BR,1BA$961

Best Value Apartments for Rent in Martindale, IN

As of July 24, 2025 the best value apartment in the Martindale area is the $0.84 price per square foot Glen Ridge 2 Bedroom Townhome Model at Glen Ridge Manor Townhomes and Flats in the in the Martindale neighborhood starting from $973. The second greatest value Martindale apartment is the 2.2-50% Model at Hopeside I starting at $745 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.
Glen Ridge Manor Townhomes and FlatsGlen Ridge 2 Bedroom Townhome2BR,1BA$0.84
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 Star1 Bed1BR,1BA$0.91
Minnie Hartmann CenterThe Alma 50%2BR,1BA$1.48
East Village at Avondale Meadows ApartmentsA21BR,1BA$1.32
The Seminole1br1BR,1BA$1.28
Oxmoor Indy1BR/1.0BA1BR,1BA$1.00
Utomin Apartments2 Bedroom2BR,1BA$1.50
Courts Apartments1 Bedroom 1 Bathroom Apartment1BR,1BA$1.41

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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Frequently Asked Questions about Martindale

What type of rentals are currently available in Martindale?

There are currently 429 Apartments for Rent in Martindale, IN with pricing that ranges from $595 to $5,440. There are also 250 Single Family Homes for rent, Condos, and Townhome rentals currently available in Martindale ranging from $595 to $5,000.

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 $5,000 with an average monthly rent of $1,703.

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 $5,440, while Three Bedroom Homes, Condos, and Townhomes for rent range from $900 to $3,900. Four Bedroom Single-Family rentals are also available starting from $1,300 and Four Bedroom Apartments start at $2,435.

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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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.

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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.