230 E 9th St
IndianapolisIN46204
Cheap Homes for Rent in the Riley Neighborhood of Indianapolis, IN from $1,000 (13 Rentals)
Search the lowest-cost Homes available for rent right now in the Riley area of Indianapolis.
1010 Bates St
IndianapolisIN46202
243 E 11th St
IndianapolisIN46202
1631 Columbia Ave
IndianapolisIN46202
1541 E Ohio St
IndianapolisIN46201
1541 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.
434 E New York St
IndianapolisIN46202
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$1,576
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1 Bedroom Apartments Available Aug 9Total Monthly Price
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$1,576
Total Monthly Price
$1,576
615 N East St, Unit SI ID1364143P
615 N East StIndianapolis, IN 46202
1534 E Ohio St
IndianapolisIN46201
117 N Arsenal Ave
IndianapolisIN46201
113 N Arsenal Ave
IndianapolisIN46201
1532 N College Ave
IndianapolisIN46202
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.
115 N Arsenal Ave
IndianapolisIN46201
Showing Results 1-13, 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 | $2,156 | $1,095 | $3,800 |
| Riley 3 Bedroom Homes for Rent | $2,249 | $1,349 | $6,000 |
| Riley 4 Bedroom Homes for Rent | $3,500 | $2,250 | $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 13 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 INDY FLATS priced from $705. 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 | $705 |
| Priscilla on Pennsylvania | Studio- 1st Floor Corner | Studio,1BA | $799 |
| The Davlan | 2-1 | 2BR,1BA | $846 |
| Canal Gardens | 2.1 40% | 2BR,1BA | $891 |
| Circle City | S8 Van Dyke | Studio,1BA | $899 |
Best Value Apartments for Rent in Riley, IN
As of July 15, 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 $2,020 with a $1.27 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 | $1.27 |
| Gardens of Canal Court | Two Bedroom Two Bath (1,311 Square Feet) | 2BR,2BA | $1.34 |
| Maxwell Apartments | Athens | 2BR,2BA | $1.35 |
| 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 |
| 1010 Central | Depot 60% | 1BR,1BA | $1.45 |
| 522 Fletcher Ave | *ONE FREE MONTH OF RENT* 522 Fletcher Ave - 1 ... | 1BR,1BA | $1.40 |
| The Washington | 2 Bedroom | 2BR,1BA | $1.47 |
Frequently Asked Questions about Riley
What type of rentals are currently available in Riley?
There are currently 215 Apartments for Rent in Riley, IN with pricing that ranges from $544 to $7,091. There are also 37 Single Family Homes for rent, Condos, and Townhome rentals currently available in Riley ranging from $1,050 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 $1,050 to $6,000 with an average monthly rent of $2,416.
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 $7,091, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,349 to $6,000. Four Bedroom Single-Family rentals are also available starting from $2,250 and Four Bedroom Apartments start at $7,022.
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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