Cheap Homes for Rent in Martindale Neighborhood of Indianapolis, IN from $500 (104 Rentals)

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

property at 4720 Munter Ln

4720 Munter Ln

IndianapolisIN46218
Showing Results 1-50, Page 1 of 3

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 34 North Apartments priced from $515. Hopeside I has the second lowest priced unit, which is a 2 Beds apartment currently listed from $565. Here are the most affordable Martindale apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
34 North ApartmentsStudio, 1 bathStudio,1BA$515
Hopeside I2.2-40%-H2BR,2BA$565
East Village at Avondale Meadows ApartmentsB32BR,2BA$579
Meridian TowersStudio ApartmentStudio,1BA$629
Oxmoor Indy1BR/1.0BA1BR,1BA$699
205 - MERIDIAN PLAZA APARTMENTS1B1BR,1BA$740
The WashingtonStudioStudio,1BA$775
Parkway1 Bedroom1BR,1BA$799
The Courts Apartment Homes2 Bedroom 1 Bath Apartment2BR,1BA$899
The Continental Towers at Vermont PlaceContinental Unrenovated - Willard1BR,1BA$899

Best Value Apartments for Rent in Martindale, IN

As of September 14, 2025 the best value apartment in the Martindale area is the $0.97 price per square foot 3809 N Pennsylvania St Model at 3809 N Pennsylvania St, Unit 1 in the in the Martindale neighborhood starting from $1,940. The second greatest value Martindale apartment is the 1121 N Dearborn St Model at 1121 N Dearborn St, Unit 1121 N Dearborn starting at $1,150 with a $0.85 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.
3809 N Pennsylvania St, Unit 13809 N Pennsylvania St3BR,2BA$0.97
1121 N Dearborn St, Unit 1121 N Dearborn1121 N Dearborn St2BR,1.5BA$0.85
607 N Rural St, Unit 607 N Rural St607 N Rural St3BR,1.5BA$1.00
Glen Ridge Manor Townhomes and FlatsGlen Ridge 2 Bedroom Townhome2BR,1BA$0.82
East Village at Avondale Meadows ApartmentsB22BR,2BA$1.14
The Star2 Bed2BR,1BA$0.85
Oxmoor Indy3BR/1.0BA3BR,1BA$1.00
Hopeside I2.2-40%-H2BR,2BA$0.62
The Courts Apartment Homes2 Bedroom 1 Bath Apartment2BR,1BA$1.15
205 - MERIDIAN PLAZA APARTMENTS1B1BR,1BA$1.02

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Pet Friendly Lifestyle
Martindale, Indianapolis, IN

Ranked #31

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

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 $515 to $5,757. There are also 276 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 $1,675.

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 $801 to $5,757, while Three Bedroom Homes, Condos, and Townhomes for rent range from $900 to $4,500. Four Bedroom Single-Family rentals are also available starting from $1,195 and Four Bedroom Apartments start at $810.

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.

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.