
Cheap Homes for Rent in Riverside Neighborhood of Indianapolis, IN from $600 (27 Rentals)
Search the lowest-cost Homes available for rent right now in the Riverside area of Indianapolis.


1043 N Holmes Ave

3715 N Meridian St

1111 Medford Ave

4 E Washington St
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.

316 W 29th St

2831 N Kenwood Ave

3302 N Harding St

2060 N Delaware St
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

544 W 29th St

1230 N Belmont Ave

328 N Elder Ave

3613 Clifton St

2805 Boulevard Pl

3 E Washington St

146 E 19th St

2 E Washington St
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

567 N Belmont Ave

2410 Indianapolis Ave

1215 N Somerset Ave

2222 Groff Ave

3707 N Meridian St
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

1601 N Delaware St

402 N Delaware St

254 N Reisner St
Riverside, Indianapolis, IN Local Guide

How much does it cost to rent a home in Riverside?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Riverside 2 Bedroom Homes for Rent | $1,893 | $845 | $5,500 |
Riverside 3 Bedroom Homes for Rent | $1,835 | $1,250 | $3,400 |
Riverside 4 Bedroom Homes for Rent | $2,065 | $1,150 | $3,000 |
Riverside 5 Bedroom Homes for Rent | $2,531 | $2,200 | $2,700 |
Browse Homes for Rent in this Neighborhood
There are currently 27 rentals with your search options within a 2 mile radius of the Riverside Neighborhood of Indianapolis, IN.
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Riverside, Indianapolis, IN Local Guide
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Cheapest Available Riverside Apartments for Rent
 The cheapest available apartment rental in the Riverside area of Indianapolis, IN is a 1 Bed unit found at The Stella priced from $398. Parkway has the second lowest priced unit, which is a Studio apartment currently listed from $625. Here are the most affordable Riverside apartments for rent in Indianapolis, IN:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
The Stella | Rigel 30% | 1BR,1BA | $398 |
Parkway | Studio | Studio,1BA | $625 |
Meridian Towers | Studio Apartment | Studio,1BA | $695 |
Oxmoor Indy | 1BR/1.0BA | 1BR,1BA | $699 |
205 - MERIDIAN PLAZA APARTMENTS | 1B LG | 1BR,1BA | $764 |
The Star | 2 Beds, 1 Baths | 2BR,1BA | $799 |
Fields Apartments | 1 Bedroom 1 Bath Apartment | 1BR,1BA | $816 |
The Seminole | 1br | 1BR,1BA | $833 |
El Dorado | 1 Bedroom 1 Bath | 1BR,1BA | $859 |
Abney Lake | 1 Bedroom | 1BR,1BA | $864 |
Best Value Apartments for Rent in Riverside, IN
As of June 11, 2025 the best value apartment in the Riverside area is the $1.08 price per square foot loft Model at Shoemaker Building in the in the Riley neighborhood starting from $1,950. The second greatest value Riverside apartment is the 1 Bedroom 1 Bath Model at The Block starting at $1,539 with a $1.06 price per square foot in the Riley neighborhood. Here is today’s list of the best values for Riverside apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Shoemaker Building | loft | 2BR,2BA | $1.08 |
The Block | 1 Bedroom 1 Bath | 1BR,1BA | $1.06 |
Mansion Row - Where Historic Charm Meets Modern | 7178B1 Traditional 2x2 (1100 sqft) | 2BR,2BA | $1.18 |
Fields Apartments | 2 Bedrooms 1 Bath Apartment | 2BR,1BA | $1.19 |
The Star | 2 Beds, 1 Baths | 2BR,1BA | $0.76 |
Proctor Place | 2 Bedroom | 2BR,1BA | $1.23 |
Van Dyke | Van Dyke 1BTH 882 | 1BR,1BA | $1.34 |
205 - MERIDIAN PLAZA APARTMENTS | 1B LG | 1BR,1BA | $1.02 |
The Seminole | 1br | 1BR,1BA | $1.13 |
Oxmoor Indy | 1BR/1.0BA | 1BR,1BA | $1.00 |
Quick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Frequently Asked Questions about Riverside
What type of rentals are currently available in Riverside?
There are currently 280 Apartments for Rent in Riverside, IN with pricing that ranges from $370 to $8,343. There are also 122 Single Family Homes for rent, Condos, and Townhome rentals currently available in Riverside ranging from $625 to $5,500.
What is the current price range for Rental Homes in Riverside?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Riverside ranges from $625 to $5,500 with an average monthly rent of $1,679.
How much are larger Three and Four Bedroom Rentals in Riverside?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Riverside range from $1,200 to $5,992, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,250 to $3,400. Four Bedroom Single-Family rentals are also available starting from $1,150 and Four Bedroom Apartments start at $600.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

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.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.