close
View Me
Rent Specials
$769 - $9951 to 2 Bedroom Apartments Available Now
Serenity Park Apartments
9060 E 39th PlIndianapolis, IN 46235
Cheap Apartments for Rent in the Towne and Terrace Neighborhood of Indianapolis, IN from $600 (8 Rentals)
Search the lowest-cost Apartments available for rent right now in the Towne and Terrace area of Indianapolis.
close
View Me
Rent Specials
$819 - $1,599Studio to 3 Bedroom Apartments Available Now
Harrison Point Apartments
9093 Bourbon StIndianapolis, IN 46235
close
View Me
$899 - $1,0991 to 2 Bedroom Apartments Available Dec 31
The Vineyards Apartment Homes
10101 E Montery RdIndianapolis, IN 46235
close
View Me
Rent Specials
$925 - $1,2251 to 2 Bedroom Apartments Available Now
Fountainview Apartments
4800 N Post RdIndianapolis, IN 46226
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.
close
View Me
$1,292 - $1,6362 to 4 Bedroom Apartments Available Now
The Reserve at Franklin Glenn I LP
8016 Louisville DrIndianapolis, IN 46226
close
View Me
close
View Me
close
View Me
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.
Showing Results 1-8, Page 1 of 1
Towne and Terrace, Indianapolis, IN Local Guide
How much does it cost to rent an apartment in Towne and Terrace?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Towne and Terrace Studio Apartments | $819 | $819 | $819 |
| Towne and Terrace 1 Bedroom Apartments | $845 | $769 | $959 |
| Towne and Terrace 2 Bedroom Apartments | $1,191 | $899 | $1,299 |
| Towne and Terrace 3 Bedroom Apartments | $1,512 | $1,299 | $1,599 |
| Towne and Terrace 4 Bedroom Apartments | $1,636 | $1,636 | $1,636 |
Browse Apartments in this Neighborhood
There are currently 8 rentals with your search options within a 2 mile radius of the Towne and Terrace Neighborhood of Indianapolis, IN.
See all Apartments in IndianapolisExplore Indianapolis
Towne and Terrace, Indianapolis, IN Local Guide
- Nearby Indianapolis neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Towne and Terrace Apartments for Rent
The cheapest available apartment rental in the Towne and Terrace area of Indianapolis, IN is a 1 Bed unit found at Serenity Park Apartments priced from $769. Fountainview Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $925. Here are the most affordable Towne and Terrace apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Serenity Park Apartments | Serenity Park - Cozy, Convenient, and Priced Ri... | 1BR,1BA | $769 |
| Fountainview Apartments | Oasis | 1BR,1BA | $925 |
| Harrison Point Apartments | Ruby UPG | 2BR,1BA | $1,249 |
Best Value Apartments for Rent in Towne and Terrace, IN
As of December 20, 2025 the best value apartment in the Towne and Terrace area is the $1.39 price per square foot Soon Available: Your Perfect Home Awaits Model at The Reserve at Franklin Glenn I LP in the in the Southeast Indianapolis neighborhood starting from $1,292. The second greatest value Towne and Terrace apartment is the Vista Model at Fountainview Apartments starting at $1,225 with a $1.42 price per square foot in the Southeast Indianapolis neighborhood. Here is today’s list of the best values for Towne and Terrace apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Reserve at Franklin Glenn I LP | Soon Available: Your Perfect Home Awaits | 2BR,2BA | $1.39 |
| Fountainview Apartments | Vista | 2BR,1BA | $1.42 |
| Harrison Point Apartments | Ruby Reno | 2BR,1BA | $1.53 |
| Serenity Park Apartments | Serenity Park - Cozy, Convenient, and Priced Ri... | 1BR,1BA | $1.29 |
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.
Read Article
The 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.
Let everyone know!
Do you know the Towne and Terrace area?
If you’re an expert on all things Towne and Terrace, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Pet Friendly LifestyleTowne And Terrace, Indianapolis, IN
Ranked #83
Among cities in Indiana for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Frequently Asked Questions about Cheap Towne and Terrace Apartments
What is the price of a cheap apartment in Towne and Terrace?
The cheapest apartment in Towne and Terrace is Serenity Park Apartments which is listed at $769, while the average apartment in Towne and Terrace costs $1,636.
What types of apartments are the cheapest in Towne and Terrace?
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 3 regular apartments in Towne and Terrace 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 Towne and Terrace?
Cheap apartments in Towne and Terrace have an average cost of $924 which is $712 cheaper than the average rent for all rentals in Towne and Terrace.
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.
Articles, How-To's, and Tips
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.
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.
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!