Cheap Apartments for Rent in the North Central Neighborhood of Indianapolis, IN from $700 (39 Rentals)

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Search the lowest-cost Apartments available for rent right now in the North Central 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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property at 2006 Randall Rd

$1,600

Total Monthly Price

Total Monthly Price

Base Rent
$1,600
Total Monthly Price
$1,600

3 Bedroom, 1 Bath Home for Rent

Available Jun 1

2006 Randall Rd

IndianapolisIN46240
property at 6401 Central Ave

$1,700 - $1,750

2 Bedroom Rentals

Available Now

6401 Central Ave

IndianapolisIN46220
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Shore Acres
Studio to 3 Bedroom Apartments

Shore Acres

1105 Westfield Ct WIndianapolis, IN 46240
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Monon Walk Apartments
Studio to 1 Bedroom Apartments

Monon Walk Apartments

6115 Winthrop AveIndianapolis, IN 46220
  • Utilities Included
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Crestwood Village North
Studio to 2 Bedroom Apartments

Crestwood Village North

9225 Garrison DrIndianapolis, IN 46240
Senior Living
  • Utilities Included

Indy's Innovation Hub: Top Indianapolis Employers and the Neighborhoods that Welcome You Home

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Northview
Studio to 2 Bedroom Apartments

Northview

8607 Cholla RdIndianapolis, IN 46240
Showing Results 1-39, Page 1 of 1

North Central, Indianapolis, IN Local Guide

Cheapest Available North Central Apartments for Rent

 

The cheapest available apartment rental in the North Central area of Indianapolis, IN is a Studio unit found at The Hub at Nora priced from $729. Summit at Keystone has the second lowest priced unit, which is a 1 Bed apartment currently listed from $919. Here are the most affordable North Central apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
The Hub at NoraStudio Suite with Patio/Balcony - The SparkStudio,1BA$729
Summit at KeystoneThe Aspen1BR,1BA$919
Wellington Square Apartments1BR/1BA1BR,1BA$926
Meridian Lakes1Bed/1Ba-Up (C)1BR,1BA$944
Northwood on the TrailRedbud1BR,1BA$1,000
River HouseEvanstonStudio,1BA$1,082
Ashton BrookOne Bedroom Apartment1BR,1BA$1,092
Jade North ApartmentsPlan H2BR,1BA$1,104
NorthviewA2 Marina1BR,1BA$1,134
The RippleStudio - Front SideStudio,1BA$1,250

Best Value Apartments for Rent in North Central, IN

As of April 30, 2026 the best value apartment in the North Central area is the $1.18 price per square foot 7176B1 Model at Pinnacle on Meridian in the in the Nora neighborhood starting from $2,599. The second greatest value North Central apartment is the Sanctuary: Two Bedroom Apartment Model at Somerset Lakes starting at $1,474 with a $1.10 price per square foot in the Nora neighborhood. Here is today’s list of the best values for North Central apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Pinnacle on Meridian7176B12BR,2BA$1.18
Somerset LakesSanctuary: Two Bedroom Apartment2BR,2BA$1.10
Jade North ApartmentsPlan E3BR,1.5BA$1.12
82 FlatsB1 Escher2BR,1BA$1.50
Northwood on the TrailSugar Maple2BR,1BA$1.40
A62 ApartmentsDuMonde2BR,1BA$1.45
Ashton BrookOne Bedroom Apartment1BR,1BA$1.56
Summit at KeystoneThe Aspen1BR,1BA$1.31
Wellington Square Apartments1BR/1BA1BR,1BA$1.35
Meridian Lakes1Bed/1Ba-Up (C)1BR,1BA$1.57

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

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Don't Settle: How to Negotiate Your Apartment Lease and Save Money

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

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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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Best Local Schools in
North Central, Indianapolis, IN

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Lifestyle Ratings

Our team of engineers and researchers compares millions of points of data to bring you Lifestyle Ratings of neighborhoods, cities and towns, and rental properties across Indiana, including Indianapolis. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including our Star Ratings to compare for easy access to the parks, luxury amenities, transit availability, pet-friendly communities, features that make it easier to raise kids, and much more. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap North Central Apartments

What is a cheap apartment in North Central?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in North Central is under $1,250.

What is the price of a cheap apartment in North Central?

The cheapest apartment in North Central is The Hub at Nora which is listed at $829, while the average apartment in North Central costs $5,332.

What types of apartments are the cheapest in North Central?

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 24 regular apartments in North Central 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 North Central?

Cheap apartments in North Central have an average cost of $207 which is $5,125 cheaper than the average rent for all rentals in North Central.

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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A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Indianapolis

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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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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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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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Articles, How-To's, and Tips

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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.

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This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Written by: Christine Leonard, Esq.

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