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$709 - $1,309Studio to 2 Bedroom Apartments Available Now
The Stratford Apartments
3201 Watergate RdIndianapolis, IN 46224
Cheap Apartments for Rent in the Northwest Indianapolis Neighborhood of Indianapolis, IN from $495 (31 Rentals)
Search the lowest-cost Apartments available for rent right now in the Northwest Indianapolis area of Indianapolis.
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$809 - $1,3991 to 3 Bedroom Apartments Available Now
Woods at Oak Crossing
3120 Nobscot DrIndianapolis, IN 46222
1346 Burdsal Pkwy
IndianapolisIN46208
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$889 - $1,2991 to 4 Bedroom Apartments Available Now
Residences at Lawnview
3621 Lawnview LnIndianapolis, IN 46222
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$894 - $1,9691 to 3 Bedroom Apartments Available Now
The Hermitage
2234 Hermitage WayIndianapolis, IN 46224
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$899 - $1,0991 to 2 Bedroom Apartments Available Now
The Cedars Apartment Homes
3417 N Rybolt AveIndianapolis, IN 46222
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$925 - $1,3501 to 2 Bedroom Apartments Available Now
Wildwood Village Apartments
3491 Timbersedge DrIndianapolis, IN 46222
Indy's Innovation Hub: Top Indianapolis Employers and the Neighborhoods that Welcome You Home
Find your dream job and perfect neighborhood in Indy. Discover major companies and the best places to live for young professionals and families, from historic districts to quiet, upscale communities.
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$929 - $1,5491 to 3 Bedroom Apartments Available Now
The Fields Apartment Homes
3215 N Alton AveIndianapolis, IN 46222
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$957 - $2,4111 to 3 Bedroom Apartments Available Now
Carriage House West
1301 N Whitcomb AveIndianapolis, IN 46224
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$964 - $1,1321 to 3 Bedroom Apartments Available Now
The Life at White Pines
3287 Tara CtIndianapolis, IN 46224
1801 W 10th St
IndianapolisIN46222
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$1,039 - $1,2092 Bedroom Apartments Available Sep 25
The Riverside Apartment Homes
2633 Cold Spring Manor DrIndianapolis, IN 46222
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$1,045 - $1,5001 to 3 Bedroom Apartments Available Now
Waterfront Terrace
3510 Kebil DrIndianapolis, IN 46224
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$1,049 - $1,6601 to 3 Bedroom Apartments Available Now
Aura Apartments
3035 W 39th StIndianapolis, IN 46228
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
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$1,064 - $1,393Studio to 3 Bedroom Apartments Available Now
Abney Lake
3451 Sherburne LnIndianapolis, IN 46222
1327 W 32nd St
IndianapolisIN46208
2318 Groff Ave
IndianapolisIN46222
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$1,100 - $1,8001 to 3 Bedroom Apartments Available Now
Eagle’s Edge
4301 Falcon Creek BlvdIndianapolis, IN 46254
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Studio Apartments
Fisher Apartments
5125 W 10th StIndianapolis, IN 46224
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Studio to 3 Bedroom Apartments
Pinewood Village Apartments
5402 Norfolk WayIndianapolis, IN 46224
1111 Medford Ave
IndianapolisIN46222
Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods
Discover the heart of the Midwest! Learn about popular Indianapolis neighborhoods to rent like Speedway and Eagledale, plus top universities and can't-miss places to eat.
3304 N Harding St
IndianapolisIN46208
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Studio to 2 Bedroom Apartments
Eagledale Senior Apartments
2930 Lafayette RdIndianapolis, IN 46222
2227 E Riverside Dr
IndianapolisIN46208
1719 N Livingston Ave
IndianapolisIN46222
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1 to 2 Bedroom Apartments
Lafayette Landing at Kessler
2333 Lafayette RdIndianapolis, IN 46222
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1 to 2 Bedroom Apartments
The Reserve at White River
2774 Pixel RdIndianapolis, IN 46222
1314 W 26th St
IndianapolisIN46208
Northwest Indianapolis - 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!
1230 W 18th St
IndianapolisIN46202
2230 N Goodlet Ave
IndianapolisIN46222
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1 to 2 Bedroom Apartments
The Legend at Speedway
2202 Fair Oaks DrSpeedway, IN 46224
Showing Results 1-31, Page 1 of 1
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 | $1,027 | $709 | $1,225 |
| Northwest Indianapolis 1 Bedroom Apartments | $1,100 | $825 | $1,890 |
| Northwest Indianapolis 2 Bedroom Apartments | $1,445 | $699 | $2,557 |
| Northwest Indianapolis 3 Bedroom Apartments | $1,456 | $895 | $2,976 |
| Northwest Indianapolis 4 Bedroom Apartments | $1,408 | $600 | $2,852 |
Browse Apartments in this Neighborhood
There are currently 31 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 1 Bed unit found at The Legend at Speedway priced from $799. The Stratford Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $879. Here are the most affordable Northwest Indianapolis apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Legend at Speedway | A1 | 1BR, 1BA | $799 |
| The Stratford Apartments | 1x1 - Classic | 1BR, 1BA | $879 |
| Residences at Lawnview | One Bedroom One Bath Mid-Rise | 1BR, 1BA | $889 |
| The Hermitage | The Hermitage | 1BR, 1BA | $912 |
| The Fields Apartment Homes | 1x1 Upgrade | 1BR, 1BA | $929 |
| Carriage House West | The Windsor | 1BR, 1BA | $957 |
| The Life at White Pines | PINE | 1BR, 1BA | $964 |
| Vivio on Tenth | 0x1-S1-401 | Studio, 1BA | $999 |
| Waterfront Terrace | 1 Bed 1 Bath | 1BR, 1BA | $1,045 |
| Aura Apartments | AUA1 | 1BR, 1BA | $1,049 |
Best Value Apartments for Rent in Northwest Indianapolis, IN
As of September 18, 2026 the best value apartment in the Northwest Indianapolis area is the $1.19 price per square foot AUB3RENO Model at Aura Apartments in the Cheswick Place neighborhood starting from $1,450. The second greatest value Northwest Indianapolis apartment is the 7178B1 Traditional 2x2 (1100 sqft) Model at Mansion Row Apartments in the Cheswick Place neighborhood starting at $1,379 with a $1.25 price per square foot. 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. |
|---|---|---|---|
| Aura Apartments | AUB3RENO | 2BR, 2BA | $1.19 |
| Mansion Row Apartments | 7178B1 Traditional 2x2 (1100 sqft) | 2BR, 2BA | $1.25 |
| The Meadows Apartment Homes | 2x1 Townhome Upgrade | 2BR, 1BA | $1.32 |
| Wildwood Village Apartments | 2 Bedroom 1 Bathroom | 2BR, 1BA | $1.28 |
| The Hermitage | The Lodge | 1BR, 1BA | $1.31 |
| Abney Lake | 1 Bedroom Fireplace Upgrade | 1BR, 1BA | $1.53 |
| The Life at White Pines | PINE | 1BR, 1BA | $1.39 |
| The Fields Apartment Homes | 1x1 Upgrade | 1BR, 1BA | $1.40 |
| The Stratford Apartments | 1x1 - Upgrade | 1BR, 1BA | $1.42 |
| The Legend at Speedway | A1 | 1BR, 1BA | $1.40 |
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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Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
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.
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Pet Friendly LifestyleNorthwest Indianapolis, Indianapolis, IN
Ranked #181
Among cities in Indiana for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Best Local Schools in Northwest Indianapolis, Indianapolis, IN
Clarence Farrington School 61
Indianapolis Public Schools
Public School - Grades PK-5 (451)
3 out of 10
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 the price of a cheap apartment in Northwest Indianapolis?
The cheapest apartment in Northwest Indianapolis is The Legend at Speedway which is listed at $799, while the average apartment in Northwest Indianapolis costs $1,275.
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 27 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 $333 which is $942 cheaper than the average rent for all rentals in Northwest Indianapolis.
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
Welcome to Indy: A Local Expert's Guide to the City's Best Short-Term Rental Neighborhoods
Written by: Wendy Melton
My name is Wendy, and I am the local expert for ApartmentHomeLiving.com in the Indianapolis area. Being born and raised in Indiana, I know the true meaning of Hoosier hospitality.
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.
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.
How Commercial-to-Residential Property Conversions Help the Housing Crisis
Written by: Robin Stewart
Many housing markets throughout America share a common complaint: a lack of affordable rental properties.
Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.