Cheap Apartments for Rent in the Maywood Neighborhood of Indianapolis, IN from $500 (17 Rentals)

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

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Garfield Place
2 Bedroom Apartments

Garfield Place

2236 Ransdell StIndianapolis, IN 46225
  • Utilities Included
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Deerfield Acres
3 Bedroom Apartments

Deerfield Acres

4000 Foltz StIndianapolis, IN 46221
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Spicewood
Studio to 2 Bedroom Apartments

Spicewood

354 Spicewood DrIndianapolis, IN 46227
Showing Results 1-17, Page 1 of 1

Maywood, Indianapolis, IN Local Guide

Cheapest Available Maywood Apartments for Rent

 

The cheapest available apartment rental in the Maywood area of Indianapolis, IN is a 1 Bed unit found at Volrath priced from $649. Garfield Park Village has the second lowest priced unit, which is a 1 Bed apartment currently listed from $750. Here are the most affordable Maywood apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Volrath**Free Month of Rent ** 128 E Palmer St - Studio1BR,1BA$649
Garfield Park Village1/1 Vintage1BR,1BA$750
Abbey Apartments - Affordable Senior HousingOne Bedroom1BR,1BA$778
SpicewoodStudioStudio,1BA$849
The OasisThe Quartz1BR,1BA$974

Best Value Apartments for Rent in Maywood, IN

As of November 13, 2025 the best value apartment in the Maywood area is the $1.35 price per square foot 2 Bed 2 Bath Model at The Assumption on Blaine in the in the Concord neighborhood starting from $1,775. The second greatest value Maywood apartment is the Concord Model at Hanna Village starting at $1,299 with a $1.43 price per square foot in the Concord neighborhood. Here is today’s list of the best values for Maywood apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Assumption on Blaine2 Bed 2 Bath2BR,2BA$1.35
Hanna VillageConcord2BR,1BA$1.43
Capital PlaceTwo Bedroom One Bath TH2BR,1BA$1.25
Mann Village Apartments2 Bedroom Apartment2BR,1BA$1.55
Pine GlenOak Renovated2BR,1BA$1.47
Horizons ApartmentsThe Aspiration2BR,1BA$1.47
The OasisThe Quartz1BR,1BA$1.45
Garfield Park Village2/1 Renovated2BR,1BA$1.62
Volrath0BR/1.0BAStudio ,1BA$1.29
Abbey Apartments - Affordable Senior HousingOne Bedroom1BR,1BA$1.45

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Maywood, Indianapolis, IN

Ranked #136

Among cities in Indiana for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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Getting Around the Maywood Neighborhood in Indianapolis, IN

Walk Score®

19 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

35 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

13 / 100

Minimal Transit

It may be possible to get on a bus

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Maywood Apartments

What is a cheap apartment in Maywood?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Maywood is under $1,105.

What is the price of a cheap apartment in Maywood?

The cheapest apartment in Maywood is Volrath which is listed at $649, while the average apartment in Maywood costs $2,525.

What types of apartments are the cheapest in Maywood?

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 16 regular apartments in Maywood 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 Maywood?

Cheap apartments in Maywood have an average cost of $158 which is $2,367 cheaper than the average rent for all rentals in Maywood.

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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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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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.