3664 Newgate Ln
IndianapolisIN46235
Cheap Homes for Rent in Towne and Terrace Neighborhood of Indianapolis, IN from $1,100 (4 Rentals)
Search the lowest-cost Homes available for rent right now in the Towne and Terrace area of Indianapolis.
3535 Alpine Pl
IndianapolisIN46226
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.
4108 Biscayne Rd
IndianapolisIN46226
8203 Penway St
IndianapolisIN46226
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.
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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 | $1,150 | $1,150 | $1,150 |
| Towne and Terrace 3 Bedroom Homes for Rent | $1,529 | $1,300 | $1,945 |
| Towne and Terrace 4 Bedroom Homes for Rent | $1,475 | $1,475 | $1,475 |
Browse Homes for Rent in this Neighborhood
There are currently 4 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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Best Value Apartments for Rent in Towne and Terrace, IN
As of September 15, 2025 the best value apartment in the Towne and Terrace area is the $0.89 price per square foot 3 bedroom Townhouse Model at Bristol Square in the in the Southeast Indianapolis neighborhood starting from $1,225. The second greatest value Towne and Terrace apartment is the Your Dream Apartment! Model at The Reserve at Franklin Glenn I LP starting at $1,490 with a $1.25 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. |
|---|---|---|---|
| Bristol Square | 3 bedroom Townhouse | 3BR,2.5BA | $0.89 |
| The Reserve at Franklin Glenn I LP | Your Dream Apartment! | 3BR,2BA | $1.25 |
| Brookhaven Apartments | 2 Bed 1 Bath | 2BR,1BA | $0.89 |
| Carriage House East | 3 Bedroom Townhome Empowerment | 3BR,1.5BA | $1.33 |
| Lawrence Landing | Two Bedroom | 2BR,1.5BA | $1.08 |
| Warren Harbor Apartments | The Walker | 2BR,2BA | $1.37 |
| Apartments @ Marten Court | 2x1 with washer/dryer | 2BR,1BA | $1.23 |
| The Life at Harrison Trails | 2 BED 1 BATH | 2BR,1BA | $1.30 |
| The Lenox Apartment Homes | 1 Bed 1 Bath Apartment - Renovated | 1BR,1BA | $1.25 |
| Serenity Park Apartments | Become an Eastsider Today! Get 1 month free on ... | 1BR,1BA | $1.29 |
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Pet Friendly LifestyleTowne And Terrace, Indianapolis, IN
Ranked #75
Among cities in Indiana for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Frequently Asked Questions about Towne and Terrace
What type of rentals are currently available in Towne and Terrace?
There are currently 55 Apartments for Rent in Towne and Terrace, IN with pricing that ranges from $705 to $3,140. There are also 13 Single Family Homes for rent, Condos, and Townhome rentals currently available in Towne and Terrace ranging from $1,150 to $1,945.
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 $1,150 to $1,945 with an average monthly rent of $1,384.
How much are larger Three and Four Bedroom Rentals in Towne and Terrace?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Towne and Terrace range from $1,225 to $3,140, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,300 to $1,945. Four Bedroom Single-Family rentals are also available starting from $1,475 and Four Bedroom Apartments start at $1,636.
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 Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.
The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.