
Cheap Homes for Rent in the Near Eastside Neighborhood of Indianapolis, IN from $500 (55 Rentals)
Search the lowest-cost Homes available for rent right now in the Near Eastside area of Indianapolis.


320 N Sherman Dr

318 N Sherman Dr

1538 N Grant Ave

2209 E New York St, Unit B

2201 E New York St, Unit B

721 N Denny St

521 N Gladstone Ave, Unit B

238.5 N Beville Ave

238 N Beville Ave
Indy's Innovation Hub: Top Indianapolis Employers and the Neighborhoods that Welcome You Home
Find your dream job and perfect neighborhood in Indy. Discover major companies and the best places to live for young professionals and families, from historic districts to quiet, upscale communities.

3617 Brookside Pkwy S Dr

3617 A Upper Brookside Parkway South Dr

1306 N Chester Ave

4522 E Washington St, Unit 2ND FLOOR

810 N Gladstone Ave

4310 E Michigan St

4312 E Michigan St

932 N Leland Ave

1464 N Gladstone Ave

1462 N Gladstone Ave
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

933 N Linwood Ave

2911 E Brookside Ave

47 N Ewing St

942 N Bradley Ave

943 N Drexel Ave

4614 E 16th St

3058 Brookside Pkwy N Dr, Unit 3058 Brookside Parkway N.

1531 N Grant Ave

617 N Oxford St

101 S Bancroft St
Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods
Discover the heart of the Midwest! Learn about popular Indianapolis neighborhoods to rent like Speedway and Eagledale, plus top universities and can't-miss places to eat.

621 N Oxford St

212 S Emerson Ave

1020 N Ewing St

621 Tecumseh St

2020 E Adams St

323 N Rural St

2346 Coyner Ave

1525 N Colorado Ave

774 Dequincy St

4118 E Washington St
Near Eastside - 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!

35 N Bradley Ave

2201 E New York St, Unit D

2201 E New York St

506 Woodruff Place Middle Dr, Unit 506.5

4124 E 11th St

228 N Tacoma Ave

2616 E 17th St

2341 E Adams St

2343 E Adams St

822 N Bradley Ave
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Near Eastside, Indianapolis, IN Local Guide

How much does it cost to rent a home in Near Eastside?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Near Eastside 2 Bedroom Homes for Rent | $1,284 | $900 | $2,250 |
| Near Eastside 3 Bedroom Homes for Rent | $1,585 | $949 | $3,600 |
| Near Eastside 4 Bedroom Homes for Rent | $1,963 | $1,285 | $4,500 |
| Near Eastside 5 Bedroom Homes for Rent | $1,786 | $1,672 | $1,900 |
Browse Homes for Rent in this Neighborhood
There are currently 55 rentals with your search options within a 2 mile radius of the Near Eastside Neighborhood of Indianapolis, IN.
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Near Eastside, Indianapolis, IN Local Guide
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Cheapest Available Near Eastside Apartments for Rent
 The cheapest available apartment rental in the Near Eastside area of Indianapolis, IN is a Studio unit found at The Commons on 25th priced from $749. 1515-1517 E Michigan Street has the second lowest priced unit, which is a 1 Bed apartment currently listed from $750. Here are the most affordable Near Eastside apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Commons on 25th | Studio - The Enclave | Studio,1BA | $749 |
| 1515-1517 E Michigan Street | 1BR/1.0BA | 1BR,1BA | $750 |
| Clifford Corners | 2 Beds, 1 Baths | 2BR,1BA | $1,020 |
| Glen Ridge Manor Townhomes and Flats | Glen Ridge 2 bedroom Flat | 2BR,1BA | $1,074 |
| Gathyr | Bates | Studio,1BA | $1,099 |
| Hopeside I | 2.2-50% | 2BR,2BA | $1,101 |
| Whittier Place | 1 Bed | 1BR,1BA | $1,240 |
| Assembly | 80-Sprockt | 1BR,1BA | $1,249 |
| 418 Eastern Ave | 3 Beds, 1 Baths | 3BR,1BA | $1,325 |
Best Value Apartments for Rent in Near Eastside, IN
As of September 16, 2026 the best value apartment in the Near Eastside 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 Near Eastside apartment is the 1134 N Dearborn St Model at 1134 N Dearborn St, Unit B starting at $1,350 with a $0.90 price per square foot in the Martindale neighborhood. Here is today’s list of the best values for Near Eastside apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 945 Woodruff Place Middle Drive | #4 | 2BR,1.5BA | $0.98 |
| 1134 N Dearborn St, Unit B | 1134 N Dearborn St | 3BR,1BA | $0.90 |
| Glen Ridge Manor Townhomes and Flats | Glen Ridge 2 bedroom Flat | 2BR,1BA | $0.80 |
| 418 Eastern Ave | 3 Beds, 1 Baths | 3BR,1BA | $1.31 |
| Clifford Corners | 2 Beds, 1 Baths | 2BR,1BA | $1.08 |
| Hopeside I | 2.2-50% | 2BR,2BA | $1.20 |
| The Courts Apartment Homes | 2x1 Classic | 2BR,1BA | $1.24 |
| 1515-1517 E Michigan Street | 1BR/1.0BA | 1BR,1BA | $1.07 |
| Whittier Place | 1 Bed | 1BR,1BA | $1.85 |
| The Commons on 25th | Studio - The Enclave | Studio ,1BA | $1.96 |
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.
Read ArticleNavigating 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.
Read ArticleYour 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
Read ArticleReal 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.
Read ArticleQuick 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.
Pet Friendly LifestyleNear Eastside, Indianapolis, IN
Ranked #213
Among cities in Indiana for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Near Eastside, Indianapolis, IN
Arsenal Technical High School
H.L. Harshman Magnet Middle School
School data provided by Great Schools
Frequently Asked Questions about Near Eastside
What type of rentals are currently available in Near Eastside?
There are currently 138 Apartments for Rent in Near Eastside, IN with pricing that ranges from $625 to $6,730. There are also 173 Single Family Homes for rent, Condos, and Townhome rentals currently available in Near Eastside ranging from $500 to $4,500.
What is the current price range for Rental Homes in Near Eastside?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Near Eastside ranges from $500 to $4,500 with an average monthly rent of $1,388.
How much are larger Three and Four Bedroom Rentals in Near Eastside?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Near Eastside range from $945 to $2,400, while Three Bedroom Homes, Condos, and Townhomes for rent range from $949 to $3,600. Four Bedroom Single-Family rentals are also available starting from $1,285 and Four Bedroom Apartments start at $1,379.
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

Indys Innovation Hub: Top Indianapolis Employers and the Neighborhoods that Welcome You Home
Written by: Wendy Melton
Indianapolis is truly the heart of the Midwest. No matter what career path you choose, opportunities for advancement are everywhere.

Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods
Written by: Wendy Melton
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.

Your Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters
Written by: Wendy Melton
Indianapolis is well-known for being one of the top college cities in the country. Local colleges and universities are ranked in the Top 10 when it comes to sports and academic excellence.

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.
Articles, How-To's, and Tips

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
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.