
Cheap Apartments for Rent in the Northwest Indianapolis Neighborhood of Indianapolis, IN from $400 (24 Rentals)
Search the lowest-cost Apartments available for rent right now in the Northwest Indianapolis area of Indianapolis.


1344 Burdsal Pkwy

The Fields Apartment Homes

The Cedars Apartment Homes

The Meadows Apartment Homes

1442 W Congress Ave

1314 Medford Ave

Union at 16th

The Life at White Pines

Waterfront Terrace

Abney Lake

El Dorado Apartments

The Hermitage

Wildwood Village Apartments

Spacious 2BR/1BA located on the west side

3014 W 10th St

1230 N Belmont Ave

2369 N Goodlet Ave
Northwest Indianapolis, Indianapolis, IN Local Guide

How much does it cost to rent an apartment in Northwest Indianapolis?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Northwest Indianapolis Studio Apartments | $1,052 | $610 | $1,546 |
| Northwest Indianapolis 1 Bedroom Apartments | $1,138 | $699 | $1,890 |
| Northwest Indianapolis 2 Bedroom Apartments | $1,320 | $900 | $2,557 |
| Northwest Indianapolis 3 Bedroom Apartments | $1,400 | $1,055 | $1,899 |
| Northwest Indianapolis 4 Bedroom Apartments | $996 | $600 | $3,820 |
Browse Apartments in this Neighborhood
There are currently 24 rentals with your search options within a 2 mile radius of the Northwest Indianapolis Neighborhood of Indianapolis, IN.
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Northwest Indianapolis, Indianapolis, IN Local Guide
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Cheapest Available Northwest Indianapolis Apartments for Rent
 The cheapest available apartment rental in the Northwest Indianapolis area of Indianapolis, IN is a Studio unit found at The Stratford priced from $520. The Legend at Speedway has the second lowest priced unit, which is a 1 Bed apartment currently listed from $816. Here are the most affordable Northwest Indianapolis apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Stratford | Studio | Studio,1BA | $520 |
| The Legend at Speedway | A1 | 1BR,1BA | $816 |
| The Life at White Pines | PINE | 1BR,1BA | $825 |
| Waterfront Terrace | 1 Bed 1 Bath | 1BR,1BA | $850 |
| Abney Lake | 1 Bedroom Fireplace | 1BR,1BA | $874 |
Best Value Apartments for Rent in Northwest Indianapolis, IN
As of November 12, 2025 the best value apartment in the Northwest Indianapolis area is the $1.20 price per square foot 3x1.5 Townhouse Premium Model at The Meadows Apartment Homes in the in the Cheswick Place neighborhood starting from $1,519. The second greatest value Northwest Indianapolis apartment is the AUB2RENO Model at Aura Apartments starting at $1,400 with a $1.17 price per square foot in the Cheswick Place neighborhood. Here is today’s list of the best values for Northwest Indianapolis apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Meadows Apartment Homes | 3x1.5 Townhouse Premium | 3BR,1.5BA | $1.20 |
| Aura Apartments | AUB2RENO | 2BR,1BA | $1.17 |
| Mansion Row - Where Historic Charm Meets Modern | 7178B1 Traditional 2x2 (1100 sqft) | 2BR,2BA | $1.18 |
| The Fields Apartment Homes | 2 Bedroom 2 Bath Apartment with dining | 2BR,2BA | $1.01 |
| The Residence at White River Apartments | HARRISON - B1 | 2BR,1BA | $1.35 |
| The Life at White Pines | PINE | 1BR,1BA | $1.19 |
| Vivio on Tenth | Per Bedroom - 2x2 B5 728sf | 2BR,2BA | $1.35 |
| Wildwood Village Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.38 |
| The Stratford | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.23 |
| Waterfront Terrace | 1 Bed 1 Bath | 1BR,1BA | $1.31 |
Quick Rent Budget Calculator
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Pet Friendly LifestyleNorthwest Indianapolis, Indianapolis, IN
Ranked #163
Among cities in Indiana for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Best Local Schools in Northwest Indianapolis, Indianapolis, IN
Clarence Farrington School 61
School data provided by Great Schools
Lifestyle Ratings
ApartmentHomeLiving brings you comprehensive Lifestyle Ratings of rentals in cities across the United States including Northwest Indianapolis, Indianapolis, and the greater Indianapolis area. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including filtering automatically for the best outdoor access, luxury housing options, kid and pet-friendly communities, availability of transit options, and more. Find Lifestyle Search in the filter options (above). Happy Searching!
Frequently Asked Questions about Cheap Northwest Indianapolis Apartments
What is a cheap apartment in Northwest Indianapolis?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Northwest Indianapolis is under $999.
What is the price of a cheap apartment in Northwest Indianapolis?
The cheapest apartment in Northwest Indianapolis is The Stratford which is listed at $799, while the average apartment in Northwest Indianapolis costs $1,399.
What types of apartments are the cheapest in Northwest Indianapolis?
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 38 regular apartments in Northwest Indianapolis 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 Northwest Indianapolis?
Cheap apartments in Northwest Indianapolis have an average cost of $251 which is $1,148 cheaper than the average rent for all rentals in Northwest Indianapolis.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

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.

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!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.





