
Cheap Apartments for Rent in the Riley Neighborhood of Indianapolis, IN from $544 (133 Rentals) Page 2 of 3
Search the lowest-cost Apartments available for rent right now in the Riley area of Indianapolis.


1523 E Market St

Cole Motor

The E'Laan

234 E 9th St

Ardmore Apartments

537 E 11th St

Total Monthly Price
235 S Delaware St, Unit SI ID1364131P

Canal Overlook Apartments

Cosmopolitan on the Canal
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

Pulliam Square

St. Joseph Flats

1332A N College Ave

The Block

220 Meridian

Total Monthly Price
Bon Air Residence

360 Market Square

Genesee Apartments

1532 N College Ave

117 N Arsenal Ave
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

The Jordan

Barbee

Windsor

PICCADILLY

The Harrison

Traymore Apartments

St. Regis

The Rotherwood Apartments

1515-1517 E Michigan Street

550 Fletcher Ave
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

Capitol Manor

The Victoria Apartments

Indy Christian Place Apartments LLC

The Whitaker

Canal Gardens

Madison Apartments

Utomin Apartments

Chelsea Manor

Mayleeno

Senate Manor
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

Trail Side

The Seminole

Stonegate Apartments

919 Broadway St

Indy Downtown Colonial Apartments

Raleigh

PENN ARTS

Van Dyke

The Maryden

Spink
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.
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 | $1,330 | $675 | $3,897 |
| Riley 1 Bedroom Apartments | $1,615 | $544 | $3,999 |
| Riley 2 Bedroom Apartments | $2,177 | $650 | $10,000+ |
| Riley 3 Bedroom Apartments | $2,944 | $799 | $8,628 |
| Riley 4 Bedroom Apartments | $6,799 | $5,307 | $8,291 |
Browse Apartments in this Neighborhood
There are currently 133 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 $1,014.
What is the price of a cheap apartment in Riley?
The cheapest apartment in Riley is St. Regis which is listed at $793, while the average apartment in Riley costs $1,564.
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 74 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 $215 which is $1,349 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

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.

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.
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.

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.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.