145 E 14th St
IndianapolisIN46202
Cheap Homes for Rent in Riley Neighborhood of Indianapolis, IN from $1,000 (7 Rentals)
Search the lowest-cost Homes available for rent right now in the Riley area of Indianapolis.
1511 E Ohio St
IndianapolisIN46201
230 E 9th St
IndianapolisIN46204
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.
1631 Columbia Ave
IndianapolisIN46202
1541 E Ohio St
IndianapolisIN46201
1541 E Ohio St
IndianapolisIN46201
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.
1622 Yandes St
IndianapolisIN46202
Showing Results 1-7, Page 1 of 1
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 | $2,000 | $1,125 | $2,950 |
| Riley 3 Bedroom Homes for Rent | $2,719 | $1,399 | $6,000 |
| Riley 4 Bedroom Homes for Rent | $4,455 | $4,455 | $4,455 |
Browse Homes for Rent in this Neighborhood
There are currently 7 rentals with your search options within a 1 mile radius of the Riley Neighborhood of Indianapolis, IN.
Explore Indianapolis
Let everyone know!
Do you know the Riley area?
If you’re an expert on all things Riley, tell us what you love (and don't) by rating it and writing a review.
Write a Review
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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| INDY FLATS | Sherwood Std D | Studio,1BA | $655 |
| Priscilla on Pennsylvania | Studio- 1st Floor Corner | Studio,1BA | $799 |
| The Washington | Studio | Studio,1BA | $800 |
Best Value Apartments for Rent in Riley, IN
As of May 31, 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 2.1 40% Model at Canal Gardens starting at $891 with a $0.93 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 |
| Canal Gardens | 2.1 40% | 2BR,1BA | $0.93 |
| Line Lofts | The Intuition 60% | 2BR,1BA | $1.36 |
| The Davlan | 2-1 | 2BR,1BA | $0.95 |
| Van Dyke | Van Dyke 1B 830 | 1BR,1BA | $1.55 |
| Dunbar Court | 1 bedroom | 1BR,1BA | $1.14 |
| 1010 Central | Bunker 60% | 1BR,1BA | $1.53 |
| College Manor | 1 BR | 1BR,1BA | $1.49 |
| Utomin Apartments | 1 Bedroom Sublevel | 1BR,1BA | $1.37 |
| St. Agnes Apartments | One Bedroom- Standard 2nd-4th* | 1BR,1BA | $1.38 |
Frequently Asked Questions about Riley
What type of rentals are currently available in Riley?
There are currently 213 Apartments for Rent in Riley, IN with pricing that ranges from $497 to $6,477. There are also 37 Single Family Homes for rent, Condos, and Townhome rentals currently available in Riley ranging from $1,000 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 $1,000 to $6,000 with an average monthly rent of $2,654.
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 $6,477, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,399 to $6,000. Four Bedroom Single-Family rentals are also available starting from $4,455 and Four Bedroom Apartments start at $895.
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
Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
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.