
Cheap Homes for Rent in Riverside Neighborhood of Indianapolis, IN from $300 (46 Rentals)
Search the lowest-cost Homes available for rent right now in the Riverside area of Indianapolis.


3014 W 10th St, Unit 1

3554 N Washington Blvd

2831 N Kenwood Ave

2316 Indianapolis Ave

2248 N Harding St

541 W 29th St

524 W 23rd St

524 W 23rd St
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.

1839 Talbott St

2060 N Delaware St, Unit Apt 3

1457 W 29th St

2345 N Kenwood Ave

2701 W 17th St

1502 W 23rd St

86 N Holmes Ave

3450 Graceland Ave

538 W 29th St
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.

516 W 28th St

834 W 26th St

3706 N Kenwood Ave

3708 N Kenwood Ave

1661 N Talbott St, Unit 1

264 N Holmes Ave

3531 Garden Ave

3469 Graceland Ave

55 S Harding St
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

1228 W 18th St

962 W 35th St

1920 Sugar Grove Ave

1301 W Congress Ave

3531 Garden Ave

230 E 9th St

3502 N Kenwood Ave

143 W 35th St

3415 N Capitol Ave
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.

1415 W Pruitt St

3413 N Capitol Ave

771 Haugh St

1227 W 29th St

545 N Goodlet Ave

3440 N Harding St

3413 N Capitol Ave

1315 W 34th St

1409 N Warman Ave
Indy's Innovation Hub: Top Indianapolis Employers and the Neighborhoods that Welcome You Home
Find your dream job and perfect neighborhood in Indy. Discover major companies and the best places to live for young professionals and families, from historic districts to quiet, upscale communities.

2128 N Pennsylvania 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 | $1,596 | $899 | $2,950 |
| Riverside 3 Bedroom Homes for Rent | $1,511 | $1,075 | $2,300 |
| Riverside 4 Bedroom Homes for Rent | $1,739 | $1,395 | $2,095 |
Browse Homes for Rent in this Neighborhood
There are currently 46 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
- Nearby Indianapolis neighborhoods
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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. Oxmoor Indy 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Meridian Towers | Studio Apartment | Studio,1BA | $629 |
| Oxmoor Indy | 1BR/1.0BA | 1BR,1BA | $699 |
| INDY FLATS | Sherwood Std D | Studio,1BA | $705 |
| Maple Court Apartments - Where City Convenience Meets Neighborhood Charm! | Studio | Studio,1BA | $725 |
| 34 North Apartments | Studio | Studio,1BA | $725 |
| 1733 N. Meridian | 1BR | 1BR,1BA | $780 |
| Priscilla on Pennsylvania | Studio- 1st Floor Corner | Studio,1BA | $799 |
| The Star | 2 Bed | 2BR,1BA | $799 |
| Parkway | 1 Bedroom | 1BR,1BA | $799 |
| The Washington | Studio | Studio,1BA | $800 |
Best Value Apartments for Rent in Riverside, IN
As of June 09, 2026 the best value apartment in the Riverside area is the $1.01 price per square foot Three Bedroom One Bath Garden Model at El Dorado in the in the Cheswick Place neighborhood starting from $1,209. The second greatest value Riverside apartment is the 7178B1 Traditional 2x2 (1100 sqft) Model at Mansion Row - Where Historic Charm Meets Modern Convenience! starting at $1,399 with a $1.27 price per square foot in the Cheswick Place 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. |
|---|---|---|---|
| El Dorado | Three Bedroom One Bath Garden | 3BR,1BA | $1.01 |
| Mansion Row - Where Historic Charm Meets Modern Convenience! | 7178B1 Traditional 2x2 (1100 sqft) | 2BR,2BA | $1.27 |
| The Star | 2 Bed | 2BR,1BA | $0.76 |
| Oxmoor Indy | 3BR/1.0BA | 3BR,1BA | $1.00 |
| Canal Gardens | 2.1 40% | 2BR,1BA | $0.93 |
| Proctor Place | 2 Bedroom | 2BR,1BA | $1.23 |
| The Davlan | 2-1 | 2BR,1BA | $0.95 |
| 828 W Roache St, Unit TBD | 828 W Roache St | 2BR,1BA | $1.23 |
| Woods at Oak Crossing | One Bedroom One Bath | 1BR,1BA | $1.14 |
| 1733 N. Meridian | 1BR | 1BR,1BA | $1.04 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleYour Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters
Learn About the Best Neighborhoods to Rent Near College Campuses in Indianapolis, IN | Find Charlotte Indianapolis Student Housing at ApartmentHomeLiving.com
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick 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.
Pet Friendly LifestyleRiverside, Indianapolis, IN
Ranked #4
Among cities in Indiana for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Riverside, Indianapolis, IN
George Washington Carver School 87
School data provided by Great Schools
Frequently Asked Questions about Riverside
What type of rentals are currently available in Riverside?
There are currently 292 Apartments for Rent in Riverside, IN with pricing that ranges from $595 to $6,595. There are also 104 Single Family Homes for rent, Condos, and Townhome rentals currently available in Riverside ranging from $370 to $2,950.
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 $370 to $2,950 with an average monthly rent of $1,320.
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 $950 to $6,595, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,075 to $2,300. Four Bedroom Single-Family rentals are also available starting from $1,395 and Four Bedroom Apartments start at $600.
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.
Helpful Local Expert Guides

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.

Your Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters
Written by: Wendy Melton
Indianapolis is well-known for being one of the top college cities in the country. Local colleges and universities are ranked in the Top 10 when it comes to sports and academic excellence.

Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods
Written by: Wendy Melton
My name is Wendy, and I've lived in Indiana for most of my life. Indianapolis is our state capital, and many people consider it the heart of the Midwest. People come from all around to explore everything Indianapolis has to offer.

Indys Innovation Hub: Top Indianapolis Employers and the Neighborhoods that Welcome You Home
Written by: Wendy Melton
Indianapolis is truly the heart of the Midwest. No matter what career path you choose, opportunities for advancement are everywhere.
Articles, How-To's, and Tips

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.