
Cheap Apartments for Rent in the Near Northwest Riverside Neighborhood of Indianapolis, IN from $400 (45 Rentals)
Search the lowest-cost Apartments available for rent right now in the Near Northwest Riverside area of Indianapolis.


Meridian Towers

34 North Apartments

1341 W Congress Ave

1733 N. Meridian

The Meridian

The Star

Parkway

3623 Graceland Ave, Unit 3623 Graceland Ave
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

3534 Doctor M.L.K. Jr St

544 W 29th St

542 W 29th St

1322 W 26th St

1468 W 32nd St

1065 W 33rd St

CityView on Meridian

3722-3724 N Illinois St

3450 Graceland Ave
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

Wesley Place

The Parkview

Buckingham & Balmoral

Crown Point Apartments

Brownstone Apartments

Marblehead

The Historic Bauer

PICCADILLY

Oxmoor Indy
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

Winston

Admiral

Meridian Plaza

1460 W 32nd St

The Whitaker

321 W 32nd St

2248 N Harding St

St. James

2937 N Kenwood 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.

Magnolia Living

1519 W 28th St

2345 N Kenwood Ave

3236 Graceland Ave

3537 N Capitol Ave

538 W 29th St

516 W 28th St

1228 W 18th St

3469 Graceland Ave
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.
Near Northwest Riverside, Indianapolis, IN Local Guide

How much does it cost to rent an apartment in Near Northwest Riverside?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Near Northwest Riverside Studio Apartments | $911 | $595 | $1,399 |
| Near Northwest Riverside 1 Bedroom Apartments | $1,242 | $739 | $2,250 |
| Near Northwest Riverside 2 Bedroom Apartments | $1,432 | $899 | $2,114 |
| Near Northwest Riverside 3 Bedroom Apartments | $1,665 | $950 | $2,085 |
| Near Northwest Riverside 4 Bedroom Apartments | $2,455 | $2,455 | $2,455 |
Browse Apartments in this Neighborhood
There are currently 45 rentals with your search options within a 2 mile radius of the Near Northwest Riverside Neighborhood of Indianapolis, IN.
See all Apartments in IndianapolisExplore Indianapolis
Near Northwest Riverside, Indianapolis, IN Local Guide
- Nearby Indianapolis neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Near Northwest Riverside Apartments for Rent
 The cheapest available apartment rental in the Near Northwest Riverside area of Indianapolis, IN is a Studio unit found at Meridian Towers priced from $629. Oxmoor Indy has the second lowest priced unit, which is a 1 Bed apartment currently listed from $699. Here are the most affordable Near Northwest Riverside apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Meridian Towers | Studio Apartment | Studio,1BA | $629 |
| Oxmoor Indy | 1BR/1.0BA | 1BR,1BA | $699 |
| 34 North Apartments | Studio | Studio,1BA | $725 |
| 1733 N. Meridian | 1BR | 1BR,1BA | $780 |
| The Star | 2 Bed | 2BR,1BA | $799 |
| Parkway | 1 Bedroom | 1BR,1BA | $799 |
| The Meridian | The Boulevard | 1BR,1BA | $849 |
| St. James | One Bedroom - Sublevel | 1BR,1BA | $940 |
| CityView on Meridian | 1 Bedroom/1Bathroom 860 | 1BR,1BA | $1,050 |
| The Stella | Sol | Studio,1BA | $1,299 |
Best Value Apartments for Rent in Near Northwest Riverside, IN
As of April 23, 2026 the best value apartment in the Near Northwest Riverside area is the $1.13 price per square foot 1137 W 21st St Model at 1137 W 21st St in the in the Cheswick Place neighborhood starting from $1,700. The second greatest value Near Northwest Riverside apartment is the Balmoral 3 BR, 2 BA Apartment- 1,280 Sq. Ft. Model at Buckingham & Balmoral starting at $1,755 with a $1.37 price per square foot in the Martindale neighborhood. Here is today’s list of the best values for Near Northwest Riverside apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 1137 W 21st St | 1137 W 21st St | 3BR,2BA | $1.13 |
| Buckingham & Balmoral | Balmoral 3 BR, 2 BA Apartment- 1,280 Sq. Ft. | 3BR,2BA | $1.37 |
| The Star | 2 Bed | 2BR,1BA | $0.76 |
| Oxmoor Indy | 3BR/1.0BA | 3BR,1BA | $1.00 |
| CityView on Meridian | 1 Bedroom/1Bathroom 860 | 1BR,1BA | $1.22 |
| 1733 N. Meridian | 1BR | 1BR,1BA | $1.04 |
| St. James | One Bedroom - Sublevel | 1BR,1BA | $1.57 |
| Parkway | 1 Bedroom | 1BR,1BA | $1.43 |
| The Meridian | The Penn | Studio ,1BA | $1.65 |
| 34 North Apartments | Studio | Studio ,1BA | $1.61 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon'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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
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 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 Northwest Riverside, Indianapolis, IN
Ranked #118
Among cities in Indiana for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Frequently Asked Questions about Cheap Near Northwest Riverside Apartments
What is a cheap apartment in Near Northwest Riverside?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Near Northwest Riverside is under $1,299.
What is the price of a cheap apartment in Near Northwest Riverside?
The cheapest apartment in Near Northwest Riverside is Oxmoor Indy which is listed at $699, while the average apartment in Near Northwest Riverside costs $2,455.
What types of apartments are the cheapest in Near Northwest Riverside?
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 19 regular apartments in Near Northwest Riverside 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 Northwest Riverside?
Cheap apartments in Near Northwest Riverside have an average cost of $246 which is $2,209 cheaper than the average rent for all rentals in Near Northwest Riverside.
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

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.

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.

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.

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.
Articles, How-To's, and Tips

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.