Cheap Apartments for Rent in the Near North Indianapolis Neighborhood of Indianapolis, IN from $500 (99 Rentals)

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

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.

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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.

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9 On Canal
Rent Specials
$1,110 - $3,515
Total Monthly Price

Total Monthly Price

Base Rent
$1,110 - $3,515
Total Monthly Price
$1,110 - $3,515
Studio to 3 Bedroom Apartments Available Now

9 On Canal

335 W 9th StIndianapolis, IN 46202
Furnished
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  • Customer Reviewed
  • 3D Tour
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Ralston Apartments
Rent Specials
$1,204 - $2,949
Total Monthly Price

Total Monthly Price

Base Rent
$1,204 - $2,949
Total Monthly Price
Varies
1 to 4 Bedroom Apartments Available Now

Ralston Apartments

1201 Indiana AveIndianapolis, IN 46202
Corporate Housing
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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.

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property at 615 N East St

$1,224

Total Monthly Price

Total Monthly Price

Base Rent
$1,224
Total Monthly Price
$1,224

1 Bedroom, 1 Bath Home for Rent

Available Dec 15

615 N East St

IndianapolisIN46202

Near North Indianapolis - 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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property at 234 E 9th St

$1,354 - $1,449

Total Monthly Price

Total Monthly Price

Base Rent
$1,354 - $1,449
Total Monthly Price
$1,354 - $1,449

1 To 2 Bedroom Homes for Rent

Available Now

234 E 9th St

IndianapolisIN46204
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The Jordan
Studio to 1 Bedroom Apartments

The Jordan

1445 N Delaware StIndianapolis, IN 46202
  • Utilities Included
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Windsor
Studio to 1 Bedroom Apartments

Windsor

1235 N Delaware StIndianapolis, IN 46202
  • Utilities Included
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Barbee
1 Bedroom Apartments

Barbee

1215 N Pennsylvania StIndianapolis, IN 46202
  • Utilities Included
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PICCADILLY
Studio to 3 Bedroom Apartments

PICCADILLY

28 E 16th StIndianapolis, IN 46202
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The Harrison
Studio to 1 Bedroom Apartments

The Harrison

1320 N Delaware StIndianapolis, IN 46202
  • Utilities Included

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Near North Indianapolis, Indianapolis, IN Local Guide

Cheapest Available Near North Indianapolis Apartments for Rent

 

The cheapest available apartment rental in the Near North Indianapolis area of Indianapolis, IN is a 1 Bed unit found at 1010 Central priced from $518. INDY FLATS has the second lowest priced unit, which is a Studio apartment currently listed from $705. Here are the most affordable Near North Indianapolis apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
1010 CentralLoft 30%1BR,1BA$518
INDY FLATSSherwood Std DStudio,1BA$705
The Sheldrake ApartmentsStudio HybridStudio,1BA$705
1733 N. Meridian1BR1BR,1BA$780
Priscilla on PennsylvaniaStudio- 1st Floor CornerStudio,1BA$799
Circle CityS8 Van DykeStudio,1BA$899
Senate ManorS.1 BStudio,1BA$930
College Manor1 BR1BR,1BA$995
The Washington2 Bedroom2BR,1BA$1,050
SpinkSpink 1B 5651BR,1BA$1,058

Best Value Apartments for Rent in Near North Indianapolis, IN

As of August 08, 2026 the best value apartment in the Near North Indianapolis area is the $1.14 price per square foot B3 Model at 946 MLK in the in the Near North Indianapolis neighborhood starting from $1,820. The second greatest value Near North Indianapolis apartment is the 1475 N Delaware St Model at 1475 N Delaware St, Unit 1 starting at $1,850 with a $1.32 price per square foot in the Near North Indianapolis neighborhood. Here is today’s list of the best values for Near North Indianapolis apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
946 MLKB33BR,2BA$1.14
1475 N Delaware St, Unit 11475 N Delaware St3BR,3BA$1.32
The Avenue4x44BR,4BA$0.71
1902 N Talbott St2 Beds, 1 Baths2BR,1BA$1.00
Gardens of Canal CourtOne Bedroom One Bath (875 Square Feet)1BR,1BA$1.53
The McKayMcKay 1B 8311BR,1BA$1.48
1733 N. Meridian1BR1BR,1BA$1.04
The Washington2 Bedroom2BR,1BA$1.51
College Manor1 BR1BR,1BA$1.49
The Sheldrake ApartmentsStudio HybridStudio ,1BA$1.55

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.

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Your 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

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Real 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.

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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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Pet Friendly Lifestyle
Near North Indianapolis, Indianapolis, IN

Ranked #34

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Lifestyle Ratings

Our team works hard to bring you comprehensive Lifestyle Ratings of rentals and neighborhoods across the USA, including Near North Indianapolis, Indianapolis, and the greater Indianapolis area. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including filtering automatically for convenient access to the outdoors, luxury housing options, places that make kids happy, raising pets, transit options, and much more. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap Near North Indianapolis Apartments

What is a cheap apartment in Near North Indianapolis?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Near North Indianapolis is under $1,058.

What is the price of a cheap apartment in Near North Indianapolis?

The cheapest apartment in Near North Indianapolis is 1010 Central which is listed at $518, while the average apartment in Near North Indianapolis costs $1,375.

What types of apartments are the cheapest in Near North Indianapolis?

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 46 regular apartments in Near North Indianapolis 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 Near North Indianapolis?

Cheap apartments in Near North Indianapolis have an average cost of $273 which is $1,102 cheaper than the average rent for all rentals in Near North Indianapolis.

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

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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.

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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.

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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.

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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.

Articles, How-To's, and Tips

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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.

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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.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.