Cheap Apartments for Rent in the Riley Neighborhood of Indianapolis, IN from $500 (103 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Riley area of Indianapolis.

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9 On Canal
Rent Specials
$910 - $3,315
Total Monthly Price

Total Monthly Price

Base Rent
$910 - $3,315
Total Monthly Price
$910 - $3,315
Studio to 3 Bedroom Apartments Available Now

9 On Canal

335 W 9th StIndianapolis, IN 46202
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Riley, Indianapolis, IN Local Guide

Cheapest Available Riley Apartments for Rent

 

The cheapest available apartment rental in the Riley area of Indianapolis, IN is a Studio unit found at INDY FLATS priced from $655. Priscilla on Pennsylvania has the second lowest priced unit, which is a Studio apartment currently listed from $799. Here are the most affordable Riley apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
INDY FLATSSherwood Std DStudio,1BA$655
Priscilla on PennsylvaniaStudio- 1st Floor CornerStudio,1BA$799
The WashingtonStudioStudio,1BA$800
St. Agnes ApartmentsOne Bedroom- Standard 2nd-4th*1BR,1BA$825
The Davlan2-12BR,1BA$846
Dunbar Court1 bedroom1BR,1BA$875
Indy Christian Place Apartments LLC1 Bedroom 1 Bath - 411381BR,1BA$875
Canal Gardens2.1 40%2BR,1BA$891
Utomin Apartments1 Bedroom Sublevel1BR,1BA$900
Senate Manor1.1 B1BR,1BA$910

Best Value Apartments for Rent in Riley, IN

As of May 25, 2026 the best value apartment in the Riley area is the $1.39 price per square foot 3 Bedroom 2 Bath Model at The Block in the in the Riley neighborhood starting from $2,459. The second greatest value Riley apartment is the Chicago Model at Maxwell Apartments starting at $1,854 with a $1.43 price per square foot in the Riley neighborhood. Here is today’s list of the best values for Riley apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Block3 Bedroom 2 Bath3BR,2BA$1.39
Maxwell ApartmentsChicago2BR,2BA$1.43
Canal Gardens2.1 40%2BR,1BA$0.93
Line LoftsThe Intuition 60%2BR,1BA$1.36
The Davlan2-12BR,1BA$0.95
Dunbar Court1 bedroom1BR,1BA$1.14
1010 CentralLoft 60%1BR,1BA$1.52
College Manor1 BR1BR,1BA$1.49
Utomin Apartments1 Bedroom Sublevel1BR,1BA$1.37
St. Agnes ApartmentsOne Bedroom- Standard 2nd-4th*1BR,1BA$1.38

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Lifestyle Ratings

ApartmentHomeLiving brings you comprehensive Lifestyle Ratings of rentals and neighborhoods across the USA, and customized analysis for Central 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 easy access to the parks, pet-friendly features, family-friendliness, proximity to transit, and how walkable or bikeable each community and area is. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap Riley Apartments

What is a cheap apartment in Riley?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Riley is under $910.

What is the price of a cheap apartment in Riley?

The cheapest apartment in Riley is St. Agnes Apartments which is listed at $825, while the average apartment in Riley costs $2,474.

What types of apartments are the cheapest in Riley?

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 60 regular apartments in Riley 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 Riley?

Cheap apartments in Riley have an average cost of $325 which is $2,149 cheaper than the average rent for all rentals in Riley.

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.

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