close
View Me
from $7031 to 2 Bedroom Apartments Available Now
Indy Town Apartments
6046 E 21st StIndianapolis, IN 46219
Cheap Apartments for Rent in the Towne and Terrace Neighborhood of Indianapolis, IN from $600 (11 Rentals)
Search the lowest-cost Apartments available for rent right now in the Towne and Terrace area of Indianapolis.
close
View Me
Rent Specials
from $7691 to 3 Bedroom Apartments Available Now
Serenity Park Apartments
9060 E 39th PlIndianapolis, IN 46235
close
View Me
from $785Studio to 2 Bedroom Apartments Available Now
Vineyards Apartments
10101 E Montery RdIndianapolis, IN 46235
close
View Me
Rent Specials
from $879Studio to 3 Bedroom Apartments Available Now
Kingston Square Apartments
7171 Twin Oaks DrIndianapolis, IN 46226
close
View Me
Rent Specials
from $9091 to 2 Bedroom Apartments Available Now
Harrison Point Apartments
9093 Bourbon StIndianapolis, IN 46235
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
close
View Me
Rent Specials
from $9251 to 2 Bedroom Apartments Available Now
Fountainview Apartments
4800 N Post RdIndianapolis, IN 46226
close
View Me
Rent Specials
from $950Studio to 3 Bedroom Apartments Available Now
Spanish Oaks
3645 Wingate CtIndianapolis, IN 46235
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
close
View Me
close
View Me
close
View Me
close
View Me
Showing Results 1-11, 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 | $952 | $879 | $1,050 |
| Towne and Terrace 1 Bedroom Apartments | $1,294 | $703 | $1,699 |
| Towne and Terrace 2 Bedroom Apartments | $1,353 | $899 | $2,118 |
| Towne and Terrace 3 Bedroom Apartments | $1,701 | $1,350 | $2,260 |
| Towne and Terrace 4 Bedroom Apartments | $2,366 | $1,400 | $3,780 |
Browse Apartments in this Neighborhood
There are currently 11 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. Vineyards Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $794. 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 | 1 Bedroom 1 Bath | 1BR,1BA | $769 |
| Vineyards Apartments | 1 Bedroom Apartment | 1BR,1BA | $794 |
| Kingston Square Apartments | The Ash | Studio,1BA | $879 |
| Indy Town Apartments | Arlington Green 2 bedroom | 2BR,1BA | $889 |
| Fountainview Apartments | 1BR/1BA | 1BR,1BA | $925 |
Best Value Apartments for Rent in Towne and Terrace, IN
As of May 28, 2025 the best value apartment in the Towne and Terrace area is the $1.02 price per square foot Two Bedroom 1.5 Bath Model at Paragon Park in the in the Southeast Indianapolis neighborhood starting from $1,249. The second greatest value Towne and Terrace apartment is the 2BR2B- Reserve at Franklin Glen Model at Reserve at Franklin Glen starting at $1,220 with a $1.31 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. |
|---|---|---|---|
| Paragon Park | Two Bedroom 1.5 Bath | 2BR,1.5BA | $1.02 |
| Reserve at Franklin Glen | 2BR2B- Reserve at Franklin Glen | 2BR,2BA | $1.31 |
| Kingston Square Apartments | The Maple | 2BR,1.5BA | $1.69 |
| Fountainview Apartments | 2BR/1BA | 2BR,1BA | $1.42 |
| Harrison Point Apartments | Ruby Reno | 2BR,1BA | $1.52 |
| The Fort Apartments | Jackson | 1BR,1BA | $1.90 |
| Indy Town Apartments | Arlington Green 2 bedroom | 2BR,1BA | $1.30 |
| Vineyards Apartments | 1 Bedroom Apartment | 1BR,1BA | $1.24 |
| Serenity Park Apartments | 1 Bedroom 1 Bath | 1BR,1BA | $1.29 |
| Spanish Oaks | Studio | Studio ,1BA | $1.86 |
Quick 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 #200
Among neighborhoods in Indianapolis, IN for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Frequently Asked Questions about Cheap Towne and Terrace Apartments
How much is rent for a Cheap One Bedroom Towne and Terrace Apartment?
The lowest price for a Cheap One Bedroom Towne and Terrace Apartment is $769 at Serenity Park Apartments.
What is the lowest price for a Cheap Two Bedroom Towne and Terrace Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Towne and Terrace is starting from $889 at Indy Town Apartments.
What is the most affordable Towne and Terrace Three Bedroom Apartment?
The best deal on a cheap Towne and Terrace Three Bedroom Apartment rental is at Reserve at Franklin Glen and starts from $1,391.
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.
The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.
The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.