Cheap Apartments for Rent in the Traders Point Neighborhood of Indianapolis, IN from $600 (51 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Traders Point area of Indianapolis.

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Bon Air Residence
$1,750 - $2,250

Total Monthly Price

Base Rent$1,750 - $2,250
Total Monthly Price$1,750 - $2,250
1 Bedroom Apartments Available Now

Bon Air Residence

21-23 W 16th StIndianapolis, IN 46202
Furnished
  • Verified
  • Utilities Included

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Traders Point, Indianapolis, IN Local Guide

Cheapest Available Traders Point Apartments for Rent

 

The cheapest available apartment rental in the Traders Point area of Indianapolis, IN is a 1 Bed unit found at The Boardwalk at Westlake Apartments and Townhomes priced from $730. The Meridian North and South has the second lowest priced unit, which is a 1 Bed apartment currently listed from $734. Here are the most affordable Traders Point apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
The Boardwalk at Westlake Apartments and TownhomesOne Bedroom - 516 sqft1BR, 1BA$730
The Meridian North and SouthA7S South1BR, 1BA$734
Carlton ApartmentsVilla1BR, 1BA$810
Lakeside Crossing at Eagle Creek Apartments and TownhomesOne Bedroom1BR, 1BA$885
Astoria Park Apartment HomesOne Bedroom - 712 sqft1BR, 1BA$890
Enclave Park 100The EnclaveStudio, 1BA$899
DeercrossSpruce1BR, 1BA$925
Meridian Lakes1Bed/1Ba-Up (A)1BR, 1BA$940
The AbbyThe Abbey1BR, 1BA$950
Spinnaker CourtResort1BR, 1BA$960

Best Value Apartments for Rent in Traders Point, IN

As of September 28, 2026 the best value apartment in the Traders Point area is the $1.31 price per square foot 3 Bedroom 2.5 Bath Model at The Block in the Riley neighborhood starting from $2,299. The second greatest value Traders Point apartment is the Orchid Model at Everly at Meridian Hills in the Faith Knoll neighborhood starting at $1,999 with a $1.20 price per square foot. Here is today’s list of the best values for Traders Point apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Block3 Bedroom 2.5 Bath3BR, 2.5BA$1.31
Everly at Meridian HillsOrchid3BR, 2BA$1.20
Eagle Creek by Spark LivingCollaborate3BR, 2BA$1.14
The Meridian North and SouthC1R North3BR, 1.5BA$1.26
Mariners Village Apartments2 Bedroom 1 Bathroom2BR, 1BA$0.83
The HermitageThe Sanctuary3BR, 1BA$1.25
Lakeshore Reserve Off 86th Apartments and TownhomesTwo Bedroom 2 Bath2BR, 2BA$1.28
The Elliott at College Park Apartment HomesTwo Bedroom 1.5 Bath2BR, 1.5BA$1.08
The Grove on Harcourt1x1.5 Large Renovated1BR, 1.5BA$1.33
Astoria Park Apartment HomesTwo Bedroom - 850 sqft2BR, 1BA$1.29

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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.

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Pet Friendly Lifestyle
Traders Point, Indianapolis, IN

Ranked #33

Among cities in Indiana for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Frequently Asked Questions about Cheap Traders Point Apartments

What is a cheap apartment in Traders Point?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Traders Point is under $960.

What is the price of a cheap apartment in Traders Point?

The cheapest apartment in Traders Point is The Boardwalk at Westlake Apartments and Townhomes which is listed at $730, while the average apartment in Traders Point costs $1,484.

What types of apartments are the cheapest in Traders Point?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 75 regular apartments in Traders Point that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Traders Point?

Cheap apartments in Traders Point have an average cost of $294 which is $1,190 cheaper than the average rent for all rentals in Traders Point.

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.

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