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.

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.

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

Discover the heart of the Midwest! Learn about popular Indianapolis neighborhoods to rent like Speedway and Eagledale, plus top universities and can't-miss places to eat.

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Speedway - One of the Best Affordable Neighborhoods in Indianapolis

Named as one of the Best Affordable Neighborhoods to rent in Indianapolis by our Local Expert Wendy Melton. See how it ranks!

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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

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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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 $715. 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$715
Pinnacle WestOne Bedroom1BR,1BA$750
The Legend at SpeedwayA11BR,1BA$799
The Stratford ApartmentsStudio W/ DenStudio,1BA$829
The Life at White PinesPINE1BR,1BA$849
The Meadows Apartment Homes1x1 Hartford Classic1BR,1BA$849
Residences at LawnviewOne Bedroom One Bath Mid-Rise1BR,1BA$849
Darby CourtStandard One Bedroom (SN2)1BR,1BA$851
The Fields Apartment Homes1x1 Classic1BR,1BA$859

Best Value Apartments for Rent in Speedway, IN

As of July 29, 2026 the best value apartment in the Speedway area is the $0.85 price per square foot 2 Bedroom 2 Bathroom Model at Mariners Village Apartments in the in the Timberview neighborhood starting from $1,136. The second greatest value Speedway apartment is the Newport 2 Model at Runaway Bay Apartments starting at $1,449 with a $1.18 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.
Mariners Village Apartments2 Bedroom 2 Bathroom2BR,2BA$0.85
Runaway Bay ApartmentsNewport 22BR,2BA$1.18
Aura ApartmentsAUB3RENO2BR,2BA$1.19
Mansion Row Apartments7178B1 Traditional 2x2 (1100 sqft)2BR,2BA$1.24
Wildwood Village Apartments2 Bedroom 2 Bathroom2BR,2BA$1.07
Woods at Oak CrossingTwo Bedroom 1.5 Bath2BR,1.5BA$1.11
Brickyard FlatsB12BR,1BA$1.21
Astoria Park Apartment HomesTwo Bedroom - 850 sqft2BR,1BA$1.30
The Maywood at SpeedwayThe Napoli1BR,1BA$1.28
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 #42

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 the Cheapest Studio apartment in Speedway?

Currently the most affordable Cheap Studio Apartment in Speedway is at Maple Creek Village listed at $700.

How much is rent for a Cheap One Bedroom Speedway Apartment?

The lowest price for a Cheap One Bedroom Speedway Apartment is $750 at Pinnacle West.

What is the lowest price for a Cheap Two Bedroom Speedway Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Speedway is starting from $917 at The Legend at Speedway.

What is the most affordable Speedway Three Bedroom Apartment?

The best deal on a cheap Speedway Three Bedroom Apartment rental is at Residences at Lawnview and starts from $1,199.

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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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.

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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.

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Your Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters

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

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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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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

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Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

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There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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

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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.