Cheap Homes for Rent in Speedway Neighborhood of Indianapolis, IN from $1,200 (5 Rentals)
Search the lowest-cost Homes available for rent right now in the Speedway area of Indianapolis.

2 Wales Ct
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.

4014 Corwyn Rd

4030 Kalmar Dr
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.

4030 Kalmar Dr
Speedway, Indianapolis, IN Local Guide

How much does it cost to rent a home in Speedway?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Speedway 3 Bedroom Homes for Rent | $1,533 | $1,250 | $1,900 |
Browse Homes for Rent in this Neighborhood
There are currently 5 rentals with your search options within a 2 mile radius of the Speedway Neighborhood of Indianapolis, IN.
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Speedway, Indianapolis, IN Local Guide
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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 $520. Lakeside Crossing at Eagle Creek Apartments and Townhomes has the second lowest priced unit, which is a 1 Bed apartment currently listed from $750. Here are the most affordable Speedway apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Stratford | Studio | Studio,1BA | $520 |
| Lakeside Crossing at Eagle Creek Apartments and Townhomes | One Bedroom | 1BR,1BA | $750 |
| Pinnacle West | Studio | Studio,1BA | $759 |
Best Value Apartments for Rent in Speedway, IN
As of November 11, 2025 the best value apartment in the Speedway area is the $1.12 price per square foot 5831 Suburban Dr Model at 5831 Suburban Dr, Unit Home For Rent in the in the Cheswick Place neighborhood starting from $2,695. The second greatest value Speedway apartment is the 3x1.5 Townhouse Premium Model at The Meadows Apartment Homes starting at $1,519 with a $1.20 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 5831 Suburban Dr, Unit Home For Rent | 5831 Suburban Dr | 5BR,2.5BA | $1.12 |
| The Meadows Apartment Homes | 3x1.5 Townhouse Premium | 3BR,1.5BA | $1.20 |
| Aura Apartments | AUB2RENO | 2BR,1BA | $1.17 |
| Mansion Row - Where Historic Charm Meets Modern | 7178B1 Traditional 2x2 (1100 sqft) | 2BR,2BA | $1.18 |
| The Fields Apartment Homes | 2 Bedroom 2 Bath Apartment with dining | 2BR,2BA | $1.01 |
| Fishermans Village | Sapphire | 2BR,2BA | $1.08 |
| The Life at White Pines | PINE | 1BR,1BA | $1.19 |
| Brickyard Flats | A1 | 1BR,1BA | $1.27 |
| Pebble Point | The Bliss | 1BR,1BA | $1.19 |
| The Stratford | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.23 |
Apartment Common Area Rules: What Renters Need to Know
From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.
Read ArticleDon'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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
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 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 LifestyleSpeedway, Indianapolis, IN
Ranked #69
Among cities in Indiana for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Speedway, Indianapolis, IN
James A Allison Elementary School 3
School data provided by Great Schools
Frequently Asked Questions about Speedway
What type of rentals are currently available in Speedway?
There are currently 67 Apartments for Rent in Speedway, IN with pricing that ranges from $610 to $6,000. There are also 14 Single Family Homes for rent, Condos, and Townhome rentals currently available in Speedway ranging from $1,250 to $1,900.
What is the current price range for Rental Homes in Speedway?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Speedway ranges from $1,250 to $1,900 with an average monthly rent of $1,691.
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.

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.

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.
