Cheap Apartments for Rent in the Near North Indianapolis Neighborhood of Indianapolis, IN from $544 (103 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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Ralston Apartments
Rent Specials
$1,090 - $2,895

Total Monthly Price

Base Rent$1,090 - $2,895
Total Monthly Price$1,090 - $2,895
1 to 4 Bedroom Apartments Available Now

Ralston Apartments

1201 Indiana AveIndianapolis, IN 46202
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour

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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property at 2415 Broadway St
$950 - $1,095
1 Bedroom Rentals
Available Now
Affordability

2415 Broadway St

IndianapolisIN46205
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9 On Canal
Rent Specials
$1,163 - $3,568

Total Monthly Price

Base Rent$1,163 - $3,568
Total Monthly Price$1,163 - $3,568
Studio to 3 Bedroom Apartments Available Now

9 On Canal

335 W 9th StIndianapolis, IN 46202
Furnished
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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 - $7,968

Total Monthly Price

Base Rent$1,224
Total Monthly Price$1,224
1 To 6 Bedroom Rentals
Available Dec 13
Furnished

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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Windsor
Studio to 1 Bedroom Apartments

Windsor

1235 N Delaware StIndianapolis, IN 46202
  • Utilities Included
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The Jordan
Studio to 1 Bedroom Apartments

The Jordan

1445 N Delaware StIndianapolis, IN 46202
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Barbee
1 Bedroom Apartments

Barbee

1215 N Pennsylvania StIndianapolis, IN 46202
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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 Studio unit found at The Sheldrake Apartments priced from $595. INDY FLATS has the second lowest priced unit, which is a Studio apartment currently listed from $675. Here are the most affordable Near North Indianapolis apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
The Sheldrake ApartmentsStudioStudio, 1BA$595
INDY FLATSSherwood Std DStudio, 1BA$675
Dunbar CourtStudioStudio, 1BA$675
St. RegisThe Carlyle1BR, 1BA$774
1733 N. Meridian1BR1BR, 1BA$780
Priscilla on PennsylvaniaStudio- 1st Floor CornerStudio, 1BA$799
St. Agnes ApartmentsOne Bedroom Deluxe 3rd-4th*1BR, 1BA$875
Utomin Apartments1 Bedroom Sublevel1BR, 1BA$900
Senate ManorS.1 AStudio, 1BA$926
1010 CentralLoft 50%1BR, 1BA$934

Best Value Apartments for Rent in Near North Indianapolis, IN

As of September 24, 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 Near North Indianapolis neighborhood starting from $1,820. The second greatest value Near North Indianapolis apartment is the Two Bedroom Townhome (TR17) Model at Lockefield Gardens in the Near North Indianapolis neighborhood starting at $1,352 with a $1.36 price per square foot. 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
Lockefield GardensTwo Bedroom Townhome (TR17)2BR, 1BA$1.36
1621 Broadway St, Unit Holy Life MBC apartments1621 Broadway St2BR, 1BA$1.44
The Avenue2x22BR, 2BA$1.18
Drake Street Garden HomesTwo Bedroom2BR, 1BA$1.33
St. Agnes ApartmentsOne Bedroom Deluxe 3rd-4th*1BR, 1BA$1.17
1733 N. Meridian1BR1BR, 1BA$1.04
1010 CentralDepot 60%1BR, 1BA$1.45
The Washington2 Bedroom2BR, 1BA$1.43
College Manor1 BR1BR, 1BA$1.49

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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Navigating 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.

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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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Quick 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.

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Pet Friendly Lifestyle
Near North Indianapolis, Indianapolis, IN

Ranked #35

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 $934.

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

The cheapest apartment in Near North Indianapolis is St. Regis which is listed at $774, while the average apartment in Near North Indianapolis costs $1,359.

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 43 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 $250 which is $1,109 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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Welcome to Indy: A Local Expert's Guide to the City's Best Short-Term Rental Neighborhoods

Written by: Wendy Melton

My name is Wendy, and I am the local expert for ApartmentHomeLiving.com in the Indianapolis area. Being born and raised in Indiana, I know the true meaning of Hoosier hospitality.

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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.

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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How Commercial-to-Residential Property Conversions Help the Housing Crisis

Written by: Robin Stewart

Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

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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.

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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.