Cheap Apartments for Rent in the Near NW Riverside Neighborhood of Indianapolis, IN from $400 (37 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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property at 1254 W 23rd St

$750 - $795

1 To 2 Bedroom Rentals

Available Now

1254 W 23rd St

IndianapolisIN46208

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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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Oxmoor Indy
1 to 3 Bedroom Apartments

Oxmoor Indy

3640 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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Victoria Apartments
Studio Apartments

Victoria Apartments

1244 N Illinois StIndianapolis, IN 46202
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Canal Gardens
1 to 2 Bedroom Apartments

Canal Gardens

1249 Dr Martin Luther King Jr StIndianapolis, IN 46202
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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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Showing Results 1-37, Page 1 of 1

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. Oxmoor Indy has the second lowest priced unit, which is a 1 Bed apartment currently listed from $699. Here are the most affordable Near NW Riverside apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Meridian TowersStudio ApartmentStudio,1BA$629
Oxmoor Indy1BR/1.0BA1BR,1BA$699
The Sheldrake ApartmentsStudio HybridStudio,1BA$700
34 North ApartmentsFour Bedroom4BR,2BA$720
St. Agnes Apartments5th Floor Studio LargeStudio,1BA$785
The Star2 Bed2BR,1BA$799
Canal Gardens2.1 40%2BR,1BA$891
St. JamesOne Bedroom - Sublevel1BR,1BA$980
The Riverside Apartment Homes2x1 Classic2BR,1BA$989
Union at 16th2 Bed 2 Bath2BR,2BA$1,099

Best Value Apartments for Rent in Near NW Riverside, IN

As of January 05, 2026 the best value apartment in the Near NW Riverside area is the $1.18 price per square foot 7178B1 Traditional 2x2 (1100 sqft) Model at Mansion Row - Where Historic Charm Meets Modern Convenience! in the in the Cheswick Place neighborhood starting from $1,299. 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 - Where Historic Charm Meets Modern Convenience!7178B1 Traditional 2x2 (1100 sqft)2BR,2BA$1.18
The Star2 Bed2BR,1BA$0.76
Canal Gardens2.1 40%2BR,1BA$0.93
The Riverside Apartment Homes2x1 Townhome Renovated2BR,1BA$1.48
Union at 16th2 Bed 2 Bath2BR,2BA$1.25
River West FlatsOne Bedroom One Bath - The Anderson1BR,1BA$1.61
Oxmoor Indy1BR/1.0BA1BR,1BA$1.00
The Sheldrake ApartmentsStudio HybridStudio ,1BA$1.54
34 North ApartmentsStudioStudio ,1BA$1.61
Meridian TowersStudio ApartmentStudio ,1BA$1.72

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 $1,099.

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

The cheapest apartment in Near NW Riverside is Oxmoor Indy which is listed at $699, while the average apartment in Near NW Riverside costs $1,614.

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 53 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 $451 which is $1,163 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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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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