Cheap Homes for Rent in Riverside Neighborhood of Indianapolis, IN from $300 (37 Rentals)

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

property at 426 N Warman Ave

426 N Warman Ave

IndianapolisIN46222
Showing Results 1-37, Page 1 of 1

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 Meridian Towers priced from $629. Parkway has the second lowest priced unit, which is a 1 Bed apartment currently listed from $699. Here are the most affordable Riverside apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Meridian TowersStudio ApartmentStudio,1BA$629
Parkway1 Bedroom1BR,1BA$699
The Star1 Bed1BR,1BA$725
Wildwood Village Apartments1 Bedroom 1 Bathroom1BR,1BA$750
Riverside Apartments1 Bedroom 1 Bath Apartment1BR,1BA$760
Fields Apartments1 Bedroom 1 Bath Apartment1BR,1BA$788
Abney Lake1 Bedroom1BR,1BA$864
Priscilla on PennsylvaniaStudioStudio,1BA$875
Woods at Oak CrossingOne Bedroom One Bath1BR,1BA$925
The Seminole1br1BR,1BA$938

Best Value Apartments for Rent in Riverside, IN

As of July 28, 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 Peony Model at Ralston Apartments starting at $2,100 with a $1.22 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
Ralston ApartmentsPeony3BR,3BA$1.22
The Block1 Bedroom 1 Bath1BR,1BA$1.10
El Dorado3 Bedroom 1 Bath3BR,1BA$1.07
Mansion Row - Where Historic Charm Meets Modern7178B1 Traditional 2x2 (1100 sqft)2BR,2BA$1.24
Proctor Place2 Bedroom2BR,1BA$1.23
The Star1 Bed1BR,1BA$0.91
Fields Apartments1 Bedroom 1 Bath Apartment1BR,1BA$1.19
Riverside Apartments1 Bedroom 1 Bath Apartment1BR,1BA$1.27
Parkway1 Bedroom1BR,1BA$1.25

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Frequently Asked Questions about Riverside

What type of rentals are currently available in Riverside?

There are currently 286 Apartments for Rent in Riverside, IN with pricing that ranges from $550 to $8,198. There are also 163 Single Family Homes for rent, Condos, and Townhome rentals currently available in Riverside ranging from $375 to $3,850.

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 $375 to $3,850 with an average monthly rent of $1,618.

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 $1,131 to $5,994, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,100 to $3,500. Four Bedroom Single-Family rentals are also available starting from $1,400 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.

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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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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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.

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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.