410 E 16th St
IndianapolisIN46202
Cheap Homes for Rent in Riley Neighborhood of Indianapolis, IN from $800 (14 Rentals)
Search the lowest-cost Homes available for rent right now in the Riley area of Indianapolis.
230 E 9th St
IndianapolisIN46204
312 E 13th St
IndianapolisIN46202
230 E 9th St, Unit 304, Unit 304
230 E 9th St
IndianapolisIN46204
145 E 14th St
IndianapolisIN46202
1529 E Ohio St
IndianapolisIN46201
1529 E Ohio St
IndianapolisIN46201
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.
1541 E Ohio St
IndianapolisIN46201
1541 E Ohio St
IndianapolisIN46201
243 E 11th St
IndianapolisIN46202
1532 N College Ave
IndianapolisIN46202
115 N Arsenal Ave
IndianapolisIN46201
113 N Arsenal Ave
IndianapolisIN46201
117 N Arsenal Ave
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.
Showing Results 1-14, 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 | $2,368 | $845 | $4,000 |
| Riley 3 Bedroom Homes for Rent | $2,460 | $1,399 | $5,000 |
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 14 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 632MLK priced from $200. INDY FLATS has the second lowest priced unit, which is a Studio apartment currently listed from $655. Here are the most affordable Riley apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 632MLK | Waiting List | Studio,1BA | $200 |
| INDY FLATS | Sherwood Std D | Studio,1BA | $655 |
| Dunbar Court | Studio | Studio,1BA | $665 |
| 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 April 16, 2026 the best value apartment in the Riley area is the $0.97 price per square foot loft Model at Shoemaker Building in the in the Riley neighborhood starting from $1,750. The second greatest value Riley apartment is the 3 Bedroom 2 Bath Model at The Block starting at $2,499 with a $1.41 price per square foot in the Riley 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. |
|---|---|---|---|
| Shoemaker Building | loft | 2BR,2BA | $0.97 |
| The Block | 3 Bedroom 2 Bath | 3BR,2BA | $1.41 |
| 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 |
| The E'Laan | The Vonnegut II | 1BR,1BA | $1.34 |
| Trail Side | A | 1BR,1BA | $1.12 |
| 522 Fletcher Ave | *ONE FREE MONTH OF RENT* 522 Fletcher Ave - 1 ... | 1BR,1BA | $1.40 |
| 1010 Central | Bunker 60% | 1BR,1BA | $1.53 |
| Utomin Apartments | 1 Bedroom Sublevel | 1BR,1BA | $1.37 |
Frequently Asked Questions about Riley
What type of rentals are currently available in Riley?
There are currently 212 Apartments for Rent in Riley, IN with pricing that ranges from $200 to $7,290. There are also 68 Single Family Homes for rent, Condos, and Townhome rentals currently available in Riley ranging from $845 to $5,000.
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 $845 to $5,000 with an average monthly rent of $2,108.
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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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.