Cheap Homes for Rent in Northwest Indianapolis Neighborhood of Indianapolis, IN from $400 (10 Rentals)

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Search the lowest-cost Homes available for rent right now in the Northwest Indianapolis area of Indianapolis.

Northwest Indianapolis, Indianapolis, IN Local Guide

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. Vanguard at 16 Tech has the second lowest priced unit, which is a Studio apartment currently listed from $581. Here are the most affordable Northwest Indianapolis apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
The StratfordStudioStudio,1BA$520
Vanguard at 16 TechS1Studio,1BA$581
Union at 16th1 Bed 1 Bath1BR,1BA$684

Best Value Apartments for Rent in Northwest Indianapolis, IN

As of September 12, 2025 the best value apartment in the Northwest Indianapolis area is the $1.17 price per square foot AUB2RENO Model at Aura Apartments in the in the Cheswick Place neighborhood starting from $1,400. The second greatest value Northwest Indianapolis apartment is the 3 Bedroom 1 Bath Model at El Dorado starting at $1,285 with a $1.07 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Aura ApartmentsAUB2RENO2BR,1BA$1.17
El Dorado3 Bedroom 1 Bath3BR,1BA$1.07
Union at 16th3 Bed 2 Bath3BR,2BA$1.13
Mansion Row - Where Historic Charm Meets Modern7178B1 Traditional 2x2 (1100 sqft)2BR,2BA$1.24
The Residence at White River ApartmentsHARRISON - B12BR,1BA$1.33
The Fields Apartment Homes1 Bedroom 1 Bathroom Apartment Deluxe1BR,1BA$1.09
The Stratford1 Bedroom 1 Bathroom1BR,1BA$1.11
The Life at White PinesPINE1BR,1BA$1.19
Waterfront Terrace1 Bed 1 Bath1BR,1BA$1.31
The Riverside Apartment Homes1 Bedroom 1 Bath Apartment1BR,1BA$1.33

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Pet Friendly Lifestyle
Northwest Indianapolis, Indianapolis, IN

Ranked #168

Among cities in Indiana for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Frequently Asked Questions about Northwest Indianapolis

What type of rentals are currently available in Northwest Indianapolis?

There are currently 55 Apartments for Rent in Northwest Indianapolis, IN with pricing that ranges from $550 to $2,998. There are also 64 Single Family Homes for rent, Condos, and Townhome rentals currently available in Northwest Indianapolis ranging from $400 to $3,300.

What is the current price range for Rental Homes in Northwest Indianapolis?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Northwest Indianapolis ranges from $400 to $3,300 with an average monthly rent of $1,347.

How much are larger Three and Four Bedroom Rentals in Northwest Indianapolis?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Northwest Indianapolis range from $1,250 to $2,998, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,100 to $3,300. Four Bedroom Single-Family rentals are also available starting from $1,595 and Four Bedroom Apartments start at $550.

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.

decorative image for A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Indianapolis article

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.

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

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.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.