Cheap Homes for Rent in Near Eastside Neighborhood of Indianapolis, IN from $500 (43 Rentals)

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

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property at 1556 Shannon Ave

1556 Shannon Ave

IndianapolisIN46201

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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 2 Beds unit found at Hopeside I priced from $565. Courts Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $929. Here are the most affordable Near Eastside apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Hopeside I2.2-40%2BR,2BA$565
Courts Apartments2 Bedroom 1 Bathroom Apartment2BR,1BA$929
Minnie Hartmann CenterThe Lucy 40%2BR,1BA$931
Glen Ridge Manor Townhomes and FlatsGlen Ridge 2 Bedroom Townhome2BR,1BA$990
The AssemblyCylinder - Workforce1BR,1BA$1,175
Gathyr ApartmentsBatesStudio,1BA$1,199
WesmontStudio - In Your Own Sweet WayStudio,1BA$1,319

Best Value Apartments for Rent in Near Eastside, IN

As of August 15, 2025 the best value apartment in the Near Eastside area is the $0.93 price per square foot 1134 N Dearborn St Model at 1134 N Dearborn St, Unit B in the in the Martindale neighborhood starting from $1,400. The second greatest value Near Eastside 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 Near Eastside apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
1134 N Dearborn St, Unit B1134 N Dearborn St3BR,1BA$0.93
1121 N Dearborn St, Unit 1121 N Dearborn1121 N Dearborn St2BR,1.5BA$0.85
Glen Ridge Manor Townhomes and FlatsGlen Ridge 2 Bedroom Townhome2BR,1BA$0.86
1204 N Dearborn St, Unit B1204 N Dearborn St2BR,1BA$1.18
Hopeside I2.2-40%2BR,2BA$0.62
Minnie Hartmann CenterThe Alma 50%2BR,1BA$1.48
Courts Apartments2 Bedroom 1 Bathroom Apartment2BR,1BA$1.19
WesmontOne Bedroom - Furnished Suite1BR,1BA$2.80
The AssemblySprocket1BR,1BA$2.24
Gathyr ApartmentsCapitolStudio ,1BA$2.54

Frequently Asked Questions about Near Eastside

What type of rentals are currently available in Near Eastside?

There are currently 118 Apartments for Rent in Near Eastside, IN with pricing that ranges from $695 to $7,700. There are also 126 Single Family Homes for rent, Condos, and Townhome rentals currently available in Near Eastside ranging from $595 to $5,000.

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 $595 to $5,000 with an average monthly rent of $1,689.

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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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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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.

decorative image for Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting article

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

decorative image for Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

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.