Cheap Apartments for Rent in the Speedway Neighborhood of Indianapolis, IN from $400 (52 Rentals)

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

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.

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

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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.

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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

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Showing Results 1-50, Page 1 of 2

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 Maple Creek Village priced from $700. The Boardwalk at Westlake Apartments and Townhomes has the second lowest priced unit, which is a Studio apartment currently listed from $740. Here are the most affordable Speedway apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Maple Creek VillageStudioStudio,1BA$700
The Boardwalk at Westlake Apartments and TownhomesStudio - 441 sqftStudio,1BA$740
Pinnacle WestStudioStudio,1BA$759
The Legend at SpeedwayA11BR,1BA$799
Spinnaker CourtVilla1BR,1BA$830
The Life at White PinesPINE1BR,1BA$849
The Fields Apartment Homes1x1 Classic1BR,1BA$849
The Meadows Apartment HomesStudio ClassicStudio,1BA$849
Waterfront Terrace1 Bed 1 Bath1BR,1BA$850
Lakeside Crossing at Eagle Creek Apartments and TownhomesOne Bedroom1BR,1BA$870

Best Value Apartments for Rent in Speedway, IN

As of June 13, 2026 the best value apartment in the Speedway area is the $1.05 price per square foot Two Bedroom Townhome (T1) Model at Darby Court in the in the Speedway Wellhead neighborhood starting from $1,310. The second greatest value Speedway apartment is the Three Bed Two and a Half Bath Townhome (T3) Model at Sebring Court starting at $1,423 with a $1.15 price per square foot in the Speedway Wellhead 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.
Darby CourtTwo Bedroom Townhome (T1)2BR,2.5BA$1.05
Sebring CourtThree Bed Two and a Half Bath Townhome (T3)3BR,2.5BA$1.15
Residences at LawnviewThree Bedroom One Bath Garden3BR,1BA$1.01
Mariners Village Apartments2 Bedroom 1 Bathroom2BR,1BA$0.98
The Maywood at SpeedwayThe Concord2BR,1BA$1.17
5841 W 25th St, Unit Unit 1 or 45841 W 25th St2BR,1BA$1.22
Brickyard FlatsB12BR,1BA$1.21
The Life at Northwest Gardens2 BED 1 BATH2BR,1BA$1.22
Woods at Oak CrossingOne Bedroom One Bath1BR,1BA$1.14
The Life at White PinesPINE1BR,1BA$1.22

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.

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Your 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

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Real 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.

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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 #43

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

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 $870.

What is the price of a cheap apartment in Speedway?

The cheapest apartment in Speedway is The Boardwalk at Westlake Apartments and Townhomes which is listed at $765, while the average apartment in Speedway costs $1,776.

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 146 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 $399 which is $1,377 cheaper than the average rent for all rentals in Speedway.

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

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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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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.

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Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods

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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.

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Indys Innovation Hub: Top Indianapolis Employers and the Neighborhoods that Welcome You Home

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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

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Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

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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.

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Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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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.