10019 Catalina Dr
IndianapolisIN46235
Cheap Homes for Rent in Towne and Terrace Neighborhood of Indianapolis, IN from $1,100 (7 Rentals)
Search the lowest-cost Homes available for rent right now in the Towne and Terrace area of Indianapolis.
9337 Rochelle Dr
IndianapolisIN46235
4053 Arquette Dr
IndianapolisIN46235
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.
9143 E 34th St
IndianapolisIN46235
8524 Georgiana Ln
IndianapolisIN46226
3914 Marietta Ct
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.
3926 Malibu Dr
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 3 Bedroom Homes for Rent | $1,397 | $1,115 | $1,749 |
| Towne and Terrace 4 Bedroom Homes for Rent | $1,468 | $1,150 | $1,695 |
Browse Homes for Rent in this Neighborhood
There are currently 7 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. 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
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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 Towne and Terrace
What type of rentals are currently available in Towne and Terrace?
There are currently 24 Apartments for Rent in Towne and Terrace, IN with pricing that ranges from $769 to $1,636. There are also 26 Single Family Homes for rent, Condos, and Townhome rentals currently available in Towne and Terrace ranging from $1,115 to $1,749.
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 $1,115 to $1,749 with an average monthly rent of $1,432.
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 $1,299 to $1,599, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,115 to $1,749. Four Bedroom Single-Family rentals are also available starting from $1,150 and Four Bedroom Apartments start at $1,636.
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!