Cheap Apartments for Rent in the Speedway Neighborhood of Indianapolis, IN from $400 (28 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Speedway area of Indianapolis.

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Fisher Apartments
Studio Apartments

Fisher Apartments

5125 W 10th StIndianapolis, IN 46224
  • Utilities Included
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Sebring Court
1 to 3 Bedroom Apartments

Sebring Court

1902 Parsons DrIndianapolis, IN 46224
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Brickyard Flats
Studio to 3 Bedroom Apartments

Brickyard Flats

6363 Hollister DrSpeedway, IN 46224
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The Legend at Speedway
1 to 2 Bedroom Apartments

The Legend at Speedway

2202 Fair Oaks DrSpeedway, IN 46224
Corporate Housing

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Showing Results 1-28, Page 1 of 1

Speedway, Indianapolis, IN Local Guide

Cheapest Available Speedway Apartments for Rent

 

The cheapest available apartment rental in the Speedway area of Indianapolis, IN is a Studio unit found at The Stratford priced from $660. Pinnacle West has the second lowest priced unit, which is a Studio apartment currently listed from $759. Here are the most affordable Speedway apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
The StratfordStudioStudio,1BA$660
Pinnacle WestStudioStudio,1BA$759
The Boardwalk at Westlake Apartments and TownhomesStudio - 441 sqftStudio,1BA$770
The Cedars Apartment HomesStudio Apartment - ClassicStudio,1BA$779
The Fields Apartment Homes1 Bedroom 1 Bath Apartment - Classic1BR,1BA$779
Mariners VillageStudioStudio,1BA$783
The Legend at SpeedwayA11BR,1BA$799
Darby CourtStandard One Bedroom (SN1)1BR,1BA$801
The Life at White PinesPINE1BR,1BA$809
Brickyard FlatsA31BR,1BA$812

Best Value Apartments for Rent in Speedway, IN

As of December 04, 2025 the best value apartment in the Speedway area is the $1.02 price per square foot AUB3 Model at Aura Apartments in the in the Cheswick Place neighborhood starting from $1,240. The second greatest value Speedway apartment is the CYPRESS Model at The Life at White Pines starting at $1,536 with a $1.28 price per square foot in the Cheswick Place neighborhood. Here is today’s list of the best values for Speedway apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Aura ApartmentsAUB32BR,2BA$1.02
The Life at White PinesCYPRESS3BR,2BA$1.28
Pebble PointThe Haven2BR,1.5BA$1.20
Mansion Row - Where Historic Charm Meets Modern Convenience!7178B1 Traditional 2x2 (1100 sqft)2BR,2BA$1.18
Sebring CourtTwo Bedroom Two Bathroom (C3M)2BR,2BA$1.05
Eagle Creek CourtTwo Bedroom One Bathroom (CN1)2BR,1BA$1.14
Wildwood Village Apartments2 Bedroom 1 Bathroom2BR,1BA$1.28
Brickyard FlatsA11BR,1BA$1.23
The Fields Apartment Homes1 Bedroom 1 Bath Apartment - Classic1BR,1BA$1.18
The Meadows Apartment HomesHartford 1x1 - Classic1BR,1BA$1.28

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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.

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Pet Friendly Lifestyle
Speedway, Indianapolis, IN

Ranked #66

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
Speedway, Indianapolis, IN

School data provided by Great Schools

Getting Around the Speedway Neighborhood in Indianapolis, IN

Walk Score®

61 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

55 / 100

Bikeable

Some bike infrastructure

Transit Score®

3 / 100

Minimal Transit

It may be possible to get on a bus

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Speedway Apartments

What is a cheap apartment in Speedway?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Speedway is under $812.

What is the price of a cheap apartment in Speedway?

The cheapest apartment in Speedway is The Legend at Speedway which is listed at $799, while the average apartment in Speedway costs $1,700.

What types of apartments are the cheapest in Speedway?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 43 regular apartments in Speedway that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Speedway?

Cheap apartments in Speedway have an average cost of $732 which is $968 cheaper than the average rent for all rentals in Speedway.

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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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!