Cheap Apartments for Rent in the Near NW Riverside Neighborhood of Indianapolis, IN from $400 (35 Rentals)

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

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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.

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828 W Roache St, Unit TBD
$1,000
Total Monthly Price

Total Monthly Price

Base Rent
$1,000

Total Monthly Price
$1,000
2 Bedroom Apartment Available Now

828 W Roache St, Unit TBD

828 W Roache StIndianapolis, IN 46208
Affordability
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Marblehead
Studio to 2 Bedroom Apartments

Marblehead

3310 N Meridian StIndianapolis, IN 46208
  • Utilities Included
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The Historic Bauer
1 to 2 Bedroom Apartments

The Historic Bauer

3720 N Meridian StIndianapolis, IN 46208
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Winston
1 Bedroom Apartments

Winston

3630 N Meridian StIndianapolis, IN 46208
  • Utilities Included
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Meridian Plaza
1 to 2 Bedroom Apartments

Meridian Plaza

3726 N Meridian StIndianapolis, IN 46208

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Canal Gardens
1 to 2 Bedroom Apartments

Canal Gardens

1249 Dr Martin Luther King Jr StIndianapolis, IN 46202
  • Utilities Included
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St. James
Studio to 2 Bedroom Apartments

St. James

2102 N Meridian StIndianapolis, IN 46202
  • Utilities Included
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Campus Townhomes
2 Bedroom Apartments

Campus Townhomes

531 Ransom StIndianapolis, IN 46202
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Stonegate Apartments
Studio to 3 Bedroom Apartments

Stonegate Apartments

1220-1226 N Illinois StIndianapolis, IN 46202
  • Utilities Included

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Magnolia Living
Studio to 1 Bedroom Apartments

Magnolia Living

3330-3340 N Meridian StIndianapolis, IN 46208
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Oxmoor Indy
1 to 3 Bedroom Apartments

Oxmoor Indy

3640 N Meridian StIndianapolis, IN 46208

Cheapest Available Near NW Riverside Apartments for Rent

 

The cheapest available apartment rental in the Near NW Riverside area of Indianapolis, IN is a Studio unit found at Meridian Towers priced from $629. Dunbar Court has the second lowest priced unit, which is a Studio apartment currently listed from $675. Here are the most affordable Near NW Riverside apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Meridian TowersStudio ApartmentStudio,1BA$629
Dunbar CourtStudioStudio,1BA$675
34 North ApartmentsStudioStudio,1BA$725
The Star2 Bed2BR,1BA$799
St. Agnes ApartmentsOne Bedroom Standard - Basement*1BR,1BA$800
Canal Gardens2.1 40%2BR,1BA$891
St. JamesOne Bedroom - Sublevel1BR,1BA$895
River West FlatsOne Bedroom One Bath - The Driftwood1BR,1BA$919
Oxmoor Indy3BR/1.0BA3BR,1BA$999

Best Value Apartments for Rent in Near NW Riverside, IN

As of June 17, 2026 the best value apartment in the Near NW Riverside area is the $1.25 price per square foot 7178B1 Traditional 2x2 (1100 sqft) Model at Mansion Row Apartments in the in the Cheswick Place neighborhood starting from $1,379. The second greatest value Near NW Riverside apartment is the 2 Bed Model at The Star starting at $799 with a $0.76 price per square foot in the Martindale neighborhood. Here is today’s list of the best values for Near NW Riverside apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Mansion Row Apartments7178B1 Traditional 2x2 (1100 sqft)2BR,2BA$1.25
The Star2 Bed2BR,1BA$0.76
The Riverside Apartment Homes2x1,5 Townhome Classic2BR,1.5BA$1.30
Oxmoor Indy3BR/1.0BA3BR,1BA$1.00
Canal Gardens2.1 40%2BR,1BA$0.93
The Avenue2x22BR,2BA$1.16
828 W Roache St, Unit TBD828 W Roache St2BR,1BA$1.23
St. JamesOne Bedroom - Sublevel1BR,1BA$1.49
St. Agnes ApartmentsOne Bedroom Standard - Basement*1BR,1BA$1.60
34 North ApartmentsStudioStudio ,1BA$1.61

Frequently Asked Questions about Cheap Near NW Riverside Apartments

What is a cheap apartment in Near NW Riverside?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Near NW Riverside is under $999.

What is the price of a cheap apartment in Near NW Riverside?

The cheapest apartment in Near NW Riverside is Meridian Towers which is listed at $749, while the average apartment in Near NW Riverside costs $2,345.

What types of apartments are the cheapest in Near NW 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 34 regular apartments in Near NW 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 NW Riverside?

Cheap apartments in Near NW Riverside have an average cost of $645 which is $1,700 cheaper than the average rent for all rentals in Near NW 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.

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