Cheap Apartments for Rent in the North Willow Neighborhood of Indianapolis, IN from $500 (25 Rentals)

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Search the lowest-cost Apartments available for rent right now in the North Willow 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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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

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Hampshire Court
1 to 2 Bedroom Apartments

Hampshire Court

2455 Rolls DrIndianapolis, IN 46268
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Reflections Apartments
Studio to 3 Bedroom Apartments

Reflections Apartments

7999 Silverleaf DrIndianapolis, IN 46260
Corporate Housing
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The Meridian North
1 to 3 Bedroom Apartments

The Meridian North

2100 Westlane RdIndianapolis, IN 46260
Corporate Housing
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Slate Run Lofts
Studio to 2 Bedroom Apartments

Slate Run Lofts

9555 International DrIndianapolis, IN 46268
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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.

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North Willow, Indianapolis, IN Local Guide

Cheapest Available North Willow Apartments for Rent

 

The cheapest available apartment rental in the North Willow area of Indianapolis, IN is a Studio unit found at Reflections Apartments priced from $799. The Meridian North and South has the second lowest priced unit, which is a 1 Bed apartment currently listed from $799. Here are the most affordable North Willow apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Reflections ApartmentsReplicaStudio,1BA$799
The Meridian North and SouthA7S South1BR,1BA$799
Carlton ApartmentsVilla1BR,1BA$810
Turtle Creek - IndianapolisS1 ShellStudio,1BA$859
LandmarkRanierStudio,1BA$870

Best Value Apartments for Rent in North Willow, IN

As of May 22, 2026 the best value apartment in the North Willow area is the $1.07 price per square foot The Newburgh Model at Private Reserve Townhomes in the in the Spring Arbor neighborhood starting from $1,379. The second greatest value North Willow apartment is the Two Bedroom 1.5 Bath Model at The Elliott at College Park Apartment Homes starting at $1,255 with a $1.30 price per square foot in the Spring Arbor neighborhood. Here is today’s list of the best values for North Willow apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Private Reserve TownhomesThe Newburgh2BR,1.5BA$1.07
The Elliott at College Park Apartment HomesTwo Bedroom 1.5 Bath2BR,1.5BA$1.30
ReNew at the Crossing2x22BR,2BA$1.28
The Grove on Harcourt1x1,5 Upgrade1BR,1.5BA$1.19
Summerwood on Towne Line ApartmentsSycamore2BR,1BA$1.54
North Willow1 Bed/1 Bath-Dn1BR,1BA$1.52
The Meridian North and SouthB1S North2BR,1BA$1.26
The Eclipse Apartment HomesThe Phoenix- Upgraded1BR,1.5BA$1.40
WoodlakeOne Bedroom Apartment1BR,1BA$1.46
Lakeshore Reserve Off 86th Apartments and TownhomesOne Bedroom1BR,1BA$1.55

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.

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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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Real 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.

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Quick 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.

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Lifestyle Ratings

Our team is happy to bring you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals and neighborhoods across the USA, and customized analysis for Northern Indianapolis, IN. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including searching for the best amenities, and the best proximity to parks and outdoor amenities, transit availability, pet-friendly communities, features that make it easier to raise kids, in addition to floorplans, availablity, and pricing. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap North Willow Apartments

What is a cheap apartment in North Willow?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in North Willow is under $1,029.

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

The cheapest apartment in North Willow is The Meridian North and South which is listed at $799, while the average apartment in North Willow costs $1,579.

What types of apartments are the cheapest in North Willow?

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 59 regular apartments in North Willow 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 Willow?

Cheap apartments in North Willow have an average cost of $319 which is $1,260 cheaper than the average rent for all rentals in North Willow.

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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Your Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters

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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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Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods

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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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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

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I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

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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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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.

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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.