Cheap Homes for Rent in Riverside Neighborhood of Indianapolis, IN from $400 (31 Rentals)

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Search the lowest-cost Homes available for rent right now in the Riverside area of Indianapolis.

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Riverside, Indianapolis, IN Local Guide

Cheapest Available Riverside Apartments for Rent

 

The cheapest available apartment rental in the Riverside area of Indianapolis, IN is a Studio unit found at 34 North Apartments priced from $515. Vanguard at 16 Tech has the second lowest priced unit, which is a Studio apartment currently listed from $581. Here are the most affordable Riverside apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
34 North ApartmentsStudio, 1 bathStudio,1BA$515
Vanguard at 16 TechS1Studio,1BA$581
Meridian TowersStudio ApartmentStudio,1BA$629
Union at 16th1 Bed 1 Bath1BR,1BA$684
Oxmoor Indy1BR/1.0BA1BR,1BA$699
205 - MERIDIAN PLAZA APARTMENTS1B1BR,1BA$740
The WashingtonStudioStudio,1BA$775
The Riverside Apartment Homes1 Bedroom 1 Bath Apartment1BR,1BA$799
The Fields Apartment Homes1 Bedroom 1 Bathroom Apartment Deluxe1BR,1BA$799
Parkway1 Bedroom1BR,1BA$799

Best Value Apartments for Rent in Riverside, IN

As of September 12, 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 1924 N Talbott St Model at 1924 N Talbott St, Unit 4 starting at $1,800 with a $1.16 price per square foot in the Near North Indianapolis neighborhood. Here is today’s list of the best values for Riverside apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Shoemaker Buildingloft2BR,2BA$1.08
1924 N Talbott St, Unit 41924 N Talbott St3BR,2BA$1.16
El Dorado3 Bedroom 1 Bath3BR,1BA$1.07
Union at 16th3 Bed 2 Bath3BR,2BA$1.13
Mansion Row - Where Historic Charm Meets Modern7178B1 Traditional 2x2 (1100 sqft)2BR,2BA$1.24
The Star2 Bed2BR,1BA$0.85
Oxmoor Indy3BR/1.0BA3BR,1BA$1.00
Canal Gardens2.1 40%2BR,1BA$0.93
The Fields Apartment Homes1 Bedroom 1 Bathroom Apartment Deluxe1BR,1BA$1.09
205 - MERIDIAN PLAZA APARTMENTS1B1BR,1BA$1.02

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Riverside, Indianapolis, IN

Ranked #11

Among cities in Indiana for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Riverside, Indianapolis, IN

School data provided by Great Schools

Frequently Asked Questions about Riverside

What type of rentals are currently available in Riverside?

There are currently 297 Apartments for Rent in Riverside, IN with pricing that ranges from $515 to $5,706. There are also 169 Single Family Homes for rent, Condos, and Townhome rentals currently available in Riverside ranging from $400 to $4,000.

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 $400 to $4,000 with an average monthly rent of $1,565.

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 $801 to $5,455, while Three Bedroom Homes, Condos, and Townhomes for rent range from $950 to $3,500. Four Bedroom Single-Family rentals are also available starting from $1,500 and Four Bedroom Apartments start at $550.

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.

decorative image for A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Indianapolis article

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.

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.