
Cheap Apartments for Rent in the Riley Neighborhood of Indianapolis, IN from $500 (117 Rentals) Page 2 of 3
Search the lowest-cost Apartments available for rent right now in the Riley area of Indianapolis.


632MLK

220 Meridian

360 Market Square

Shoemaker Building

Total Monthly Price
Bon Air Residence

946 MLK

1532 N College Ave

INDY INDIE ARTIST COLONY

Windsor
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Barbee

The Jordan

PICCADILLY

The Harrison

The Marleigh

The Rotherwood Apartments

550 Fletcher Ave

Capitol Manor

410 E 16th St

Victoria Apartments
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

The Whitaker

Canal Gardens

Utomin Apartments

Chelsea Manor

Madison Apartments

Mayleeno

The Seminole

Stonegate Apartments

919 Broadway St

Raleigh
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.

PENN ARTS

Van Dyke

The Maryden

Senate Manor

The Congress at Library Square

College Manor

Spink

Grid

The McKay

The Richelieu
Riley - 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!

Illinois Street Senior Apartments

Ohio Street TownHomes

Blacherne Apartments

The 101

230 E 9th St

Roberts School Flats

The Pennsylvania

312 E 13th St

230 E 9th St, Unit 304, Unit 304

Wyndham on Delaware
Riley, Indianapolis, IN Local Guide

How much does it cost to rent an apartment in Riley?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Riley Studio Apartments | $1,239 | $655 | $3,371 |
| Riley 1 Bedroom Apartments | $1,633 | $544 | $4,071 |
| Riley 2 Bedroom Apartments | $2,224 | $650 | $5,668 |
| Riley 3 Bedroom Apartments | $3,281 | $799 | $7,290 |
| Riley 4 Bedroom Apartments | $4,772 | $4,772 | $4,772 |
Browse Apartments in this Neighborhood
There are currently 117 rentals with your search options within a 1 mile radius of the Riley Neighborhood of Indianapolis, IN.
See all Apartments in IndianapolisExplore Indianapolis
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 $938.
What is the price of a cheap apartment in Riley?
The cheapest apartment in Riley is INDY FLATS which is listed at $830, while the average apartment in Riley costs $4,769.
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 100 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 $259 which is $4,510 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.
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.

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.
Articles, How-To's, and Tips

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.