Cheap Apartments for Rent in the St Joseph Neighborhood of Indianapolis, IN from $500 (84 Rentals)

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Search the lowest-cost Apartments available for rent right now in the St Joseph 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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9 On Canal
Rent Specials
$1,060 - $3,315
Total Monthly Price

Total Monthly Price

Base Rent
$1,060 - $3,315
Total Monthly Price
$1,060 - $3,315
Studio to 3 Bedroom Apartments Available Now

9 On Canal

335 W 9th StIndianapolis, IN 46202
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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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The Jordan
Studio to 1 Bedroom Apartments

The Jordan

1445 N Delaware StIndianapolis, IN 46202
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Windsor
Studio to 1 Bedroom Apartments

Windsor

1235 N Delaware StIndianapolis, IN 46202
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Barbee
1 Bedroom Apartments

Barbee

1215 N Pennsylvania StIndianapolis, IN 46202
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PICCADILLY
Studio to 3 Bedroom Apartments

PICCADILLY

28 E 16th StIndianapolis, IN 46202
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The Harrison
Studio to 1 Bedroom Apartments

The Harrison

1320 N Delaware StIndianapolis, IN 46202
  • Utilities Included

St Joseph - 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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The Marleigh
Studio to 1 Bedroom Apartments

The Marleigh

1434-1448 N Delaware StIndianapolis, IN 46202
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Traymore Apartments
Studio to 2 Bedroom Apartments

Traymore Apartments

1402 N Alabama StIndianapolis, IN 46202
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Capitol Manor
1 Bedroom Apartments

Capitol Manor

842 N Capitol AveIndianapolis, IN 46204
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The Whitaker
1 to 2 Bedroom Apartments

The Whitaker

1504 N Pennsylvania StIndianapolis, IN 46202
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Canal Gardens
1 to 2 Bedroom Apartments

Canal Gardens

1249 Dr Martin Luther King Jr StIndianapolis, IN 46202
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Madison Apartments
1 to 2 Bedroom Apartments

Madison Apartments

226 E 12th StIndianapolis, IN 46202
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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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St Joseph, Indianapolis, IN Local Guide

Cheapest Available St Joseph Apartments for Rent

 

The cheapest available apartment rental in the St Joseph area of Indianapolis, IN is a 1 Bed unit found at 1010 Central priced from $518. INDY FLATS has the second lowest priced unit, which is a Studio apartment currently listed from $705. Here are the most affordable St Joseph apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
1010 CentralLoft 30%1BR,1BA$518
INDY FLATSSherwood Std DStudio,1BA$705
1733 N. Meridian1BR1BR,1BA$780
Priscilla on PennsylvaniaStudio- 1st Floor CornerStudio,1BA$799
The Davlan2-12BR,1BA$846
Circle CityS8 Van DykeStudio,1BA$899
Senate ManorS.1 BStudio,1BA$930
Canal SquareA1 Arch1BR,1BA$984
College Manor1 BR1BR,1BA$995
Line LoftsThe Inspiraton 50%2BR,1BA$1,014

Best Value Apartments for Rent in St Joseph, IN

As of August 01, 2026 the best value apartment in the St Joseph area is the $1.36 price per square foot 3 Bedroom 2 Bath Model at The Block in the in the Riley neighborhood starting from $2,399. The second greatest value St Joseph apartment is the B3 Model at 946 MLK starting at $1,820 with a $1.14 price per square foot in the Near North Indianapolis neighborhood. Here is today’s list of the best values for St Joseph apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Block3 Bedroom 2 Bath3BR,2BA$1.36
946 MLKB33BR,2BA$1.14
1902 N Talbott St2 Beds, 1 Baths2BR,1BA$1.00
Gardens of Canal CourtTwo Bedroom Two Bath (1,184 - 1,194 Square Feet)2BR,2BA$1.35
Maxwell ApartmentsLondon2BR,2BA$1.41
Line LoftsThe Intuition 60%2BR,1BA$1.36
The Davlan2-12BR,1BA$0.95
Drake Street Garden HomesTwo Bedroom2BR,1BA$1.30
1733 N. Meridian1BR1BR,1BA$1.04
The Washington2 Bedroom2BR,1BA$1.47

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
St Joseph, Indianapolis, IN

Ranked #6

Among cities in Indiana for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental search system called 'Lifestyle ratings', composed of rentals and neighborhoods across the USA, including St Joseph, Indianapolis, and the greater Indianapolis area. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including searching for the best amenities, and convenient access to the outdoors, pet-friendly features, apartment complexes for the kids, proximity to transit, walking, and biking. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap St Joseph Apartments

What is the Cheapest Studio apartment in St Joseph?

Currently the most affordable Cheap Studio Apartment in St Joseph is at INDY FLATS listed at $705.

How much is rent for a Cheap One Bedroom St Joseph Apartment?

The lowest price for a Cheap One Bedroom St Joseph Apartment is $518 at 1010 Central.

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

Today's best deal for a Cheap Two Bedroom Apartment in St Joseph is starting from $846 at The Davlan.

What is the most affordable St Joseph Three Bedroom Apartment?

The best deal on a cheap St Joseph Three Bedroom Apartment rental is at 946 MLK and starts from $1,820.

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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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.

Articles, How-To's, and Tips

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The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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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.