
Cheap Apartments for Rent in the Northeastwood Neighborhood of Indianapolis, IN from $600 (11 Rentals)
Search the lowest-cost Apartments available for rent right now in the Northeastwood area of Indianapolis.


The Vineyards Apartment Homes

Country Lake Estates

Country Lake Townhomes

Bavarian Village Apartments
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

Freeman Apartments

Willow Glen East
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.
Northeastwood, Indianapolis, IN Local Guide

How much does it cost to rent an apartment in Northeastwood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Northeastwood Studio Apartments | $798 | $791 | $806 |
| Northeastwood 1 Bedroom Apartments | $926 | $769 | $1,050 |
| Northeastwood 2 Bedroom Apartments | $1,131 | $899 | $1,475 |
| Northeastwood 3 Bedroom Apartments | $1,540 | $1,299 | $1,750 |
Browse Apartments in this Neighborhood
There are currently 11 rentals with your search options within a 2 mile radius of the Northeastwood Neighborhood of Indianapolis, IN.
See all Apartments in IndianapolisExplore Indianapolis
Northeastwood, Indianapolis, IN Local Guide
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Cheapest Available Northeastwood Apartments for Rent
 The cheapest available apartment rental in the Northeastwood area of Indianapolis, IN is a 1 Bed unit found at Serenity Park Apartments priced from $769. Carriage House East has the second lowest priced unit, which is a 1 Bed apartment currently listed from $953. Here are the most affordable Northeastwood apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Serenity Park Apartments | Serenity Park - Cozy, Convenient, and Priced Ri... | 1BR,1BA | $769 |
| Carriage House East | 1 Bedroom Apartment Hope | 1BR,1BA | $953 |
| Bavarian Village Apartments | The Chateau 2 BR 1 BA | 2BR,1BA | $998 |
| Country Lake Estates | The Bungalow | 1BR,1BA | $1,050 |
| Freeman Apartments | The Armstrong | 2BR,1BA | $1,175 |
Best Value Apartments for Rent in Northeastwood, IN
As of December 30, 2025 the best value apartment in the Northeastwood area is the $1.37 price per square foot 3 Bedroom Townhome Empowerment Model at Carriage House East in the in the Southeast Indianapolis neighborhood starting from $1,508. The second greatest value Northeastwood apartment is the The Prince Model at Country Lake Townhomes starting at $1,375 with a $1.35 price per square foot in the Southeast Indianapolis neighborhood. Here is today’s list of the best values for Northeastwood apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Carriage House East | 3 Bedroom Townhome Empowerment | 3BR,1.5BA | $1.37 |
| Country Lake Townhomes | The Prince | 2BR,1.5BA | $1.35 |
| Country Lake Estates | The Bungalow | 1BR,1BA | $1.64 |
| Serenity Park Apartments | Serenity Park - Cozy, Convenient, and Priced Ri... | 1BR,1BA | $1.29 |
| Bavarian Village Apartments | The Challis 1 BR 1 BA | 1BR,1BA | $1.66 |
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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
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 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.
Pet Friendly LifestyleNortheastwood, Indianapolis, IN
Ranked #103
Among cities in Indiana for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Lifestyle Ratings
ApartmentHomeLiving brings you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of neighborhoods, cities, and rental properties across Indiana and customized analysis for Indianapolis, Indiana. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including rankings of the best places for easy access to the parks, luxury amenities, pet-friendly features, family-friendly amenities, proximity to transit, in addition to floorplans, availablity, and pricing. Find Lifestyle Search in the filter options (above). Happy Searching!
Frequently Asked Questions about Cheap Northeastwood Apartments
What is the price of a cheap apartment in Northeastwood?
The cheapest apartment in Northeastwood is Serenity Park Apartments which is listed at $769, while the average apartment in Northeastwood costs $1,516.
What types of apartments are the cheapest in Northeastwood?
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 19 regular apartments in Northeastwood 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 Northeastwood?
Cheap apartments in Northeastwood have an average cost of $511 which is $1,005 cheaper than the average rent for all rentals in Northeastwood.
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

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.

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.

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.
Articles, How-To's, and Tips

How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!



