
Cheap Apartments for Rent in the North Central Neighborhood of Indianapolis, IN from $700 (40 Rentals)
Search the lowest-cost Apartments available for rent right now in the North Central area of Indianapolis.


The Hub at Nora

Wellington Square Apartments

Meridian Lakes

Lincolnshire Apartments

A62 Apartments

Jade North Apartments
Indy's Innovation Hub: Top Indianapolis Employers and the Neighborhoods that Welcome You Home
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Northwood on the Trail

Northview

Summit at Keystone

Elevate Keystone Apartments

Ashton Brook

Broad Ripple Flats

Solana Apartments

Versa
Rent According to Income: A Look at Income-Restricted Rentals
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6721 Riverfront Ave

AYR Apartments

Lake Clearwater Apartments

River Crossing

Notch at Nora

Edgewater Apartments

82 Flats

Quarry at River North
Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods
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The Line

Park 66 Flats

The Coil

6148 Winthrop Ave, Unit 5

Ironworks at Keystone

River House

2122 Randall Rd

Somerset Lakes
North Central - 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!

Total Monthly Price
Broad Ripple Apartments

Shore Acres

Nora Commons on the Monon Senior Apartments

Crestwood Village North

Compton Court Apartments

9000 Westfield Apartments

6048 N College Ave

VITRA Apartments
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North Central, Indianapolis, IN Local Guide

How much does it cost to rent an apartment in North Central?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| North Central Studio Apartments | $1,262 | $799 | $5,283 |
| North Central 1 Bedroom Apartments | $1,335 | $842 | $2,224 |
| North Central 2 Bedroom Apartments | $1,742 | $1,027 | $4,930 |
| North Central 3 Bedroom Apartments | $1,993 | $1,239 | $3,892 |
Browse Apartments in this Neighborhood
There are currently 40 rentals with your search options within a 2 mile radius of the North Central Neighborhood of Indianapolis, IN.
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North Central, Indianapolis, IN Local Guide
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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 $799. Monon Walk Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $810. Here are the most affordable North Central apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Hub at Nora | Studio - The Core | Studio,1BA | $799 |
| Monon Walk Apartments | Studio | Studio,1BA | $810 |
| A62 Apartments | LePetit | 1BR,1BA | $899 |
| Wellington Square Apartments | 1BR/1BA | 1BR,1BA | $926 |
| Northwood on the Trail | Redbud | 1BR,1BA | $950 |
| Northview | A1 Beacon | 1BR,1BA | $974 |
| Elevate Keystone Apartments | The Keystone | Studio,1BA | $1,099 |
| Jade North Apartments | Plan H | 2BR,1BA | $1,104 |
| Ashton Brook | One Bedroom Apartment | 1BR,1BA | $1,140 |
| Versa | Deco | Studio,1BA | $1,269 |
Best Value Apartments for Rent in North Central, IN
As of July 29, 2026 the best value apartment in the North Central area is the $1.32 price per square foot Two Bedroom with Bonus Room (7176B2) Model at Pinnacle on Meridian in the in the Nora neighborhood starting from $2,899. The second greatest value North Central apartment is the 2 Bed, 2.5 Bath, 2 car Garage Townhome Model at Townes at Winthrop starting at $2,450 with a $1.44 price per square foot in the Warfleigh neighborhood. Here is today’s list of the best values for North Central apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Pinnacle on Meridian | Two Bedroom with Bonus Room (7176B2) | 2BR,2BA | $1.32 |
| Townes at Winthrop | 2 Bed, 2.5 Bath, 2 car Garage Townhome | 2BR,2.5BA | $1.44 |
| Somerset Lakes | Harmony: Three Bedroom Apartment | 3BR,2BA | $1.03 |
| Meridian Lakes | 2Bed/2Ba-Up (H) | 2BR,2BA | $1.25 |
| Summit at Keystone | The Vail Deluxe | 3BR,1.5BA | $1.29 |
| Jade North Apartments | Plan H | 2BR,1.5BA | $1.10 |
| Northwood on the Trail | Sugar Maple | 2BR,1BA | $1.32 |
| Wellington Square Apartments | 1BR/1BA | 1BR,1BA | $1.35 |
| A62 Apartments | LePetit | 1BR,1BA | $1.39 |
| Monon Walk | Studio | Studio ,1BA | $1.35 |
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.
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 ArticleReal 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.
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.
Best Local Schools in North Central, Indianapolis, IN
School data provided by Great Schools
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 $1,269.
What is the price of a cheap apartment in North Central?
The cheapest apartment in North Central is A62 Apartments which is listed at $899, while the average apartment in North Central costs $1,656.
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 23 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 $205 which is $1,451 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

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.

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.

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.

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.
Articles, How-To's, and Tips

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.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.
