2226 1/2 Fulton St
IndianapolisIN46202
Cheap Homes for Rent in the Riley Neighborhood of Indianapolis, IN from $850 (12 Rentals)
Search the lowest-cost Homes available for rent right now in the Riley area of Indianapolis.
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$8991 Bedroom Apartments Available Now
103 E 9th St, Unit 32
103 E 9th StIndianapolis, IN 46202
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$1,224
Total Monthly Price
1 Bedroom Apartments Available Dec 15Total Monthly Price
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$1,224
Total Monthly Price
$1,224
615 N East St, Unit SI ID1364133P
615 N East StIndianapolis, IN 46202
312 E 13th St
IndianapolisIN46202
1525 E Market St
IndianapolisIN46201
1523 E Market St
IndianapolisIN46201
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.
1631 Columbia Ave
IndianapolisIN46202
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$1,392
Total Monthly Price
2 Bedroom Apartments Available Jan 19, 2027Total Monthly Price
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$1,392
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$1,392
235 S Delaware St, Unit SI ID1364142P
235 S Delaware StIndianapolis, IN 46204
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$1,451
Total Monthly Price
2 Bedroom Apartments Available Dec 12Total Monthly Price
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$1,451
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$1,451
235 S Delaware St, Unit SI ID1364131P
235 S Delaware StIndianapolis, IN 46204
434 E New York St
IndianapolisIN46202
230 E 9th St
IndianapolisIN46204
1534 E Ohio St
IndianapolisIN46201
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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Riley, Indianapolis, IN Local Guide
How much does it cost to rent a home in Riley?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Riley 2 Bedroom Homes for Rent | $2,092 | $1,299 | $3,750 |
| Riley 3 Bedroom Homes for Rent | $2,394 | $1,600 | $4,259 |
| Riley 4 Bedroom Homes for Rent | $3,625 | $2,500 | $4,750 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Homes for Rent in this Neighborhood
There are currently 12 rentals with your search options within a 1 mile radius of the Riley Neighborhood of Indianapolis, IN.
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Cheapest Available Riley Apartments for Rent
The cheapest available apartment rental in the Riley area of Indianapolis, IN is a Studio unit found at Dunbar Court priced from $675. INDY FLATS has the second lowest priced unit, which is a Studio apartment currently listed from $675. Here are the most affordable Riley apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Dunbar Court | Studio | Studio,1BA | $675 |
| INDY FLATS | Sherwood Std D | Studio,1BA | $675 |
| 1515-1517 E Michigan Street | 1BR/1.0BA | 1BR,1BA | $750 |
| St. Regis | The Pierre | 1BR,1BA | $793 |
| Priscilla on Pennsylvania | Studio- 1st Floor Corner | Studio,1BA | $799 |
Best Value Apartments for Rent in Riley, IN
As of August 30, 2026 the best value apartment in the Riley area is the $1.36 price per square foot 3 Bedroom 2 Bath Model at The Block in the in the Riley neighborhood starting from $2,399. The second greatest value Riley apartment is the B3 Model at 946 MLK starting at $1,820 with a $1.14 price per square foot in the Near North Indianapolis neighborhood. Here is today’s list of the best values for Riley apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Block | 3 Bedroom 2 Bath | 3BR,2BA | $1.36 |
| 946 MLK | B3 | 3BR,2BA | $1.14 |
| Line Lofts | The Intuition 60% | 2BR,1BA | $1.36 |
| 1621 Broadway St, Unit Holy Life MBC apartments | 1621 Broadway St | 2BR,1BA | $1.44 |
| The Davlan | 2-1 | 2BR,1BA | $0.95 |
| The McKay | McKay 1B 831 | 1BR,1BA | $1.48 |
| 522 Fletcher Ave | *ONE FREE MONTH OF RENT* 522 Fletcher Ave - 1 ... | 1BR,1BA | $1.37 |
| 1515-1517 E Michigan Street | 1BR/1.0BA | 1BR,1BA | $1.07 |
| The Washington | 2 Bedroom | 2BR,1BA | $1.47 |
| College Manor | 1 BR | 1BR,1BA | $1.49 |
Frequently Asked Questions about Riley
What type of rentals are currently available in Riley?
There are currently 221 Apartments for Rent in Riley, IN with pricing that ranges from $544 to $11,680. There are also 51 Single Family Homes for rent, Condos, and Townhome rentals currently available in Riley ranging from $1,285 to $4,750.
What is the current price range for Rental Homes in Riley?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Riley ranges from $1,285 to $4,750 with an average monthly rent of $2,253.
How much are larger Three and Four Bedroom Rentals in Riley?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Riley range from $799 to $8,628, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,600 to $4,259. Four Bedroom Single-Family rentals are also available starting from $2,500 and Four Bedroom Apartments start at $3,864.
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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