Apartments in the Towne and Terrace area of Indianapolis with special offers and discounts available right now - opportunities to save money or get a month or more of free rent.
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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Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Towne and Terrace Studio Apartments | $801 | $725 | $1,019 |
| Towne and Terrace 1 Bedroom Apartments | $1,131 | $769 | $2,351 |
| Towne and Terrace 2 Bedroom Apartments | $1,354 | $899 | $2,742 |
| Towne and Terrace 3 Bedroom Apartments | $1,645 | $1,225 | $3,232 |
| Towne and Terrace 4 Bedroom Apartments | $1,850 | $1,850 | $1,850 |
There are currently 17 rentals with your search options within a 2 mile radius of the Towne and Terrace Neighborhood of Indianapolis, IN.
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Write a ReviewTake advantage of these move-in and rent specials that are ending soon for top Towne and Terrace, IN apartments. Act fast and don’t miss out on an incredible deal on your perfect new place!
Full month free on 13 month lease 2 months free on 18th month lease CALL TODAY!!!!!!!!!Expires 03-14-2026
Spring into your new home now offering 6 weeks FREE when you move in! Terms and conditions apply.Expires 03-15-2026
IMMEDIATE MOVE-IN INCENTIVE – UP TO 6 WEEKS FREE RENT!*Expires 03-15-2026
1st month rent FREE with a 13 month lease in all units if moved in by 3/15/26. $500 security deposit & $1000 security deposits on 3 bed unit. $99 Admin fee waived for Look & Lease special!Expires 03-15-2026
LIMITED-TIME MOVE-IN SPECIAL $1,000 OFF Your First Full Month ! When You Sign a 13-Month Lease! Valid on 2- & 3-Bedroom Floor Plans OnlyExpires 03-16-2026
2 Bd First Full Month Free Rent or 2 months Free Rent sign an 18 months leaseExpires 03-27-2026
Two months free on a two-bedroom apartment! / ¡Dos meses gratis en un apartamento de dos habitaciones!Expires 03-31-2026
Move into a select renovated One or Two Bedroom Unit by 3/31/26 with a 12-month lease or longer, and receive $750 off the first full month's rent!Expires 03-31-2026
Move-In this month and receive one month of rent free! You can receive up to $150 off monthly! Hurry! Limited quantity of apartments available! $250 security deposit special for qualified applicants!Expires 03-31-2026
Move-In this month and receive one month rent free! You can receive up to $275 off monthly! Hurry! Limited quantity of apartments available! $250 security deposit special for qualified applicants!Expires 03-31-2026
Here are the most recently added special offers for renters looking to find the best deals on apartments in Towne and Terrace, IN. Be sure to take advantage of some of the area’s top offers.
Spring Specials! Look and Lease! Waived admin and app fee & one month free when moved in by 3/31/26! Move in before 4/30/26 and get $500 off your rent!Expires 04-30-2026
Take advantage of these limited-time leasing incentives: • 3rd Month FREE on all new leases • $200 Admin Fee Waived when you apply within 24 hours of your in-person showing The admin fee waiver is only valid for applications submitted within 24 hours of an in-person tour. No exceptions. Enjoy modern floor plans, pet-friendly living, and a convenient location Call, walk in, or tour today — your new home at Teal Run awaits!Expires 03-31-2026
Free Application Fee, Apply Today!! Call or stop by for details!! (Credit given at move in) willowwoodeastbyelon dot com Stop by or apply online today!Expires 03-31-2026
Two months free on a two-bedroom apartment! / ¡Dos meses gratis en un apartamento de dos habitaciones!Expires 03-31-2026
Don’t miss this limited-time offer! Sign a 13-month lease and receive one full month of free rent. Choose an 18-month lease and enjoy two full months FREE. Act fast—special for 2 bedrooms only!Expires 03-31-2026
1st month rent FREE with a 13 month lease in all units if moved in by 3/15/26. $500 security deposit & $1000 security deposits on 3 bed unit. $99 Admin fee waived for Look & Lease special!Expires 03-15-2026
Apply & lease by 3/31/26 to receive $750 off your second month’s rent & a waived admin fee. Plus – apply within 24 hours of your tour to receive a refunded application fee.Expires 03-31-2026
Act Fast. APPLY TODAY. One Month FREE Rent. Restrictions Apply. LIMITED TIME OFFER. Special Offer! Move in by end of the month and receive one month’s rent FREE! We’re also waiving the application fee and offering $99 deposit for limited time only—don’t miss out! Don’t wait — secure your apartment today Restrictions Apply. Contact Leasing Office for Details.Expires 03-31-2026
LIMITED-TIME MOVE-IN SPECIAL $1,000 OFF Your First Full Month ! When You Sign a 13-Month Lease! Valid on 2- & 3-Bedroom Floor Plans OnlyExpires 03-16-2026
Move into a select renovated One or Two Bedroom Unit by 3/31/26 with a 12-month lease or longer, and receive $750 off the first full month's rent!Expires 03-31-2026
Currently the most affordable Rent Specials Apartment in Towne and Terrace is at Spanish Oaks listed at $725.
The average rent for a Rent Specials Apartment in Towne and Terrace is $1,256.
Today's Rent Specials apartment with the most square footage in Towne and Terrace is a 1,784 square feet unit starting from $1,099 at The Residences on 56th Street.
The average size for a Rent Specials rental in Towne and Terrace is currently at 634 sq ft.
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.
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.
Written by: Wendy Melton
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.
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.
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.
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.
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