2 E Washington St
IndianapolisIN46204
Cheap Homes for Rent in Riley Neighborhood of Indianapolis, IN from $500 (10 Rentals)
Search the lowest-cost Homes available for rent right now in the Riley area of Indianapolis.
37 West St Clair Street
IndianapolisIN46204
410 E 16th St
IndianapolisIN46202
1230 E Ohio St
IndianapolisIN46202
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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.
412 E 16th St
IndianapolisIN46202
1413 Marlowe Ave
IndianapolisIN46201
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946 Doctor M.L.K. Jr St
IndianapolisIN46202
913 Massachusetts Ave
IndianapolisIN46202
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.
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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 | $2,171 | $895 | $3,800 |
| Riley 3 Bedroom Homes for Rent | $2,562 | $1,750 | $3,750 |
| Riley 4 Bedroom Homes for Rent | $1,995 | $1,995 | $1,995 |
| Riley 6 Bedroom Homes for Rent | $6,000 | $6,000 | $6,000 |
Browse Homes for Rent in this Neighborhood
There are currently 10 rentals with your search options within a 1 mile radius of the Riley Neighborhood of Indianapolis, IN.
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Riley, Indianapolis, IN Local Guide
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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 INDY FLATS priced from $705. St. Agnes Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $785. Here are the most affordable Riley apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| INDY FLATS | Sherwood Std D | Studio,1BA | $705 |
| St. Agnes Apartments | 5th Floor Studio Large | Studio,1BA | $785 |
| Canal Gardens | 2.1 40% | 2BR,1BA | $891 |
Best Value Apartments for Rent in Riley, IN
As of December 27, 2025 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 B1 Model at 946 MLK starting at $1,800 with a $1.19 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 | $1.39 |
| 946 MLK | B1 | 3BR,2BA | $1.19 |
| Gardens of Canal Court | Two Bedroom Two Bath (1,184 - 1,194 Square Feet) | 2BR,2BA | $1.28 |
| 929 English Ave, Unit A | 929 English Ave | 2BR,2BA | $1.36 |
| Shoemaker Building | flat | 2BR,2BA | $1.45 |
| The Davlan | 2br 2 ba | 2BR,2BA | $1.34 |
| Indy Colonial Apartments | 311 | 1BR,1BA | $1.05 |
| Canal Gardens | 2.1 40% | 2BR,1BA | $0.93 |
| Trail Side | A | 1BR,1BA | $1.12 |
| 522 Fletcher Ave | 1BR/1.5BA | 1BR,1.5BA | $1.40 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash 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.
Read ArticleYour Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters
Learn About the Best Neighborhoods to Rent Near College Campuses in Indianapolis, IN | Find Charlotte Indianapolis Student Housing at ApartmentHomeLiving.com
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Pet Friendly LifestyleRiley, Indianapolis, IN
Ranked #4
Among cities in Indiana for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Frequently Asked Questions about Riley
What type of rentals are currently available in Riley?
There are currently 211 Apartments for Rent in Riley, IN with pricing that ranges from $563 to $9,355. There are also 100 Single Family Homes for rent, Condos, and Townhome rentals currently available in Riley ranging from $599 to $6,000.
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 $599 to $6,000 with an average monthly rent of $2,542.
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 $1,800 to $9,355, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,750 to $3,750. Four Bedroom Single-Family rentals are also available starting from $1,995 and Four Bedroom Apartments start at $3,012.
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.
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How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!