8828 E 41st Pl
IndianapolisIN46226
Cheap Homes for Rent in Towne and Terrace Neighborhood of Indianapolis, IN from $1,100 (11 Rentals)
Search the lowest-cost Homes available for rent right now in the Towne and Terrace area of Indianapolis.
3901 Chateau Dr
IndianapolisIN46226
4060 Arborcrest Dr
IndianapolisIN46226
8504 E 42nd Pl
IndianapolisIN46226
3674 Newgate Ln
IndianapolisIN46235
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.
3826 Ireland Dr
IndianapolisIN46235
8412 E 37th Pl
IndianapolisIN46226
4033 Arborcrest Dr
IndianapolisIN46226
3501 N Eaton Ave
IndianapolisIN46226
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.
4108 Baker Dr
IndianapolisIN46235
8222 E 37th Pl
IndianapolisIN46226
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Towne and Terrace, Indianapolis, IN Local Guide
How much does it cost to rent a home in Towne and Terrace?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Towne and Terrace 2 Bedroom Homes for Rent | $1,374 | $1,374 | $1,374 |
| Towne and Terrace 3 Bedroom Homes for Rent | $1,372 | $1,100 | $1,750 |
Browse Homes for Rent 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.
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Towne and Terrace, Indianapolis, IN Local Guide
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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. Spanish Oaks has the second lowest priced unit, which is a Studio apartment currently listed from $829. 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 |
| Spanish Oaks | Studio | Studio,1BA | $829 |
| Indy Town Apartments | Arlington Green 2 bedroom | 2BR,1BA | $851 |
| Kingston Square Apartments | The Ash | Studio,1BA | $879 |
| Vineyards Apartments | 2 Bedroom 1 Bath Apartment | 2BR,1BA | $908 |
Best Value Apartments for Rent in Towne and Terrace, IN
As of June 18, 2025 the best value apartment in the Towne and Terrace area is the $1.15 price per square foot Three Bedroom Two Bath Model at Paragon Park in the in the Southeast Indianapolis neighborhood starting from $1,539. 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 | Three Bedroom Two Bath | 3BR,2BA | $1.15 |
| Reserve at Franklin Glen | 2BR2B- Reserve at Franklin Glen | 2BR,2BA | $1.31 |
| Harrison Place Apartments | Abercrombie | 2BR,1BA | $1.81 |
| 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 |
| Vineyards Apartments | 2 Bedroom 1 Bath Apartment | 2BR,1BA | $1.08 |
| Indy Town Apartments | Arlington Green 2 bedroom | 2BR,1BA | $1.24 |
| Serenity Park Apartments | 1 Bedroom 1 Bath | 1BR,1BA | $1.29 |
| Spanish Oaks | Studio | Studio ,1BA | $1.63 |
Quick Rent Budget Calculator
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Frequently Asked Questions about Towne and Terrace
What type of rentals are currently available in Towne and Terrace?
There are currently 30 Apartments for Rent in Towne and Terrace, IN with pricing that ranges from $769 to $4,500. There are also 14 Single Family Homes for rent, Condos, and Townhome rentals currently available in Towne and Terrace ranging from $1,100 to $1,750.
What is the current price range for Rental Homes in Towne and Terrace?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Towne and Terrace ranges from $1,100 to $1,750 with an average monthly rent of $1,373.
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.
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.
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.