Cheap Apartments for Rent in the Traders Point Neighborhood of Indianapolis, IN from $600 (23 Rentals)

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

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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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.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Showing Results 1-23, Page 1 of 1

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 Studio unit found at The Meridian North and South priced from $654. The Boardwalk at Westlake Apartments and Townhomes has the second lowest priced unit, which is a Studio apartment currently listed from $740. Here are the most affordable Traders Point apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
The Meridian North and SouthS1S SouthStudio,1BA$654
The Boardwalk at Westlake Apartments and TownhomesStudio - 441 sqftStudio,1BA$740
Lakeshore Reserve Off 86th Apartments and TownhomesOne Bedroom1BR,1BA$815
Spinnaker CourtHideaway1BR,1BA$920
Astoria Park Apartment HomesOne Bedroom - 670 sqft1BR,1BA$920

Best Value Apartments for Rent in Traders Point, IN

As of June 29, 2026 the best value apartment in the Traders Point area is the $1.21 price per square foot Collaborate Model at Eagle Creek by Spark Living in the in the Timberview neighborhood starting from $1,640. The second greatest value Traders Point apartment is the 2 Bed/2 Bath-Up Model at North Willow starting at $1,399 with a $1.04 price per square foot in the Spring Arbor neighborhood. 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.
Eagle Creek by Spark LivingCollaborate3BR,2BA$1.21
North Willow2 Bed/2 Bath-Up2BR,2BA$1.04
Lakeshore Reserve Off 86th Apartments and TownhomesThree Bedroom 2.5 Bath Townhome3BR,2.5BA$1.32
Mariners Village Apartments2 Bedroom 1 Bathroom2BR,1BA$0.98
The AbbyThe Buckingham2BR,1.5BA$1.02
Meridian Lakes2Bed/2Ba-Up (H)2BR,2BA$1.17
Edison at Meridian Hills2 Bedroom 1 Bath2BR,1BA$1.29
The Elliott at College Park Apartment HomesTwo Bedroom 1.5 Bath2BR,1.5BA$1.06
The Grove on Harcourt1x1.5 Large Renovated1BR,1.5BA$1.30
Astoria Park Apartment HomesOne Bedroom - 670 sqft1BR,1BA$1.37

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.

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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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Quick Rent Budget Calculator

How much rent can you afford?

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 #28

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 $1,055.

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 $765, while the average apartment in Traders Point costs $1,812.

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 94 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 $317 which is $1,495 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.

Helpful Local Expert Guides

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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.

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Your Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters

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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.

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Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods

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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.

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Indianapolis is truly the heart of the Midwest. No matter what career path you choose, opportunities for advancement are everywhere.

Articles, How-To's, and Tips

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Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

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There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.