Cheap Apartments for Rent in the Wallace Crossing Neighborhood of Indianapolis, IN from $300 (11 Rentals)

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

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Colonial Park
1 to 2 Bedroom Apartments

Colonial Park

4421 E Washington StIndianapolis, IN 46201
  • Utilities Included
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SUITES OF IRVINGTON
Studio to 2 Bedroom Apartments

SUITES OF IRVINGTON

5730 E Washington StIndianapolis, IN 46219

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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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Helen Louise Apartments
1 Bedroom Apartments

Helen Louise Apartments

5822 E Washington StIndianapolis, IN 46219
  • Utilities Included

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.

Wallace Crossing, Indianapolis, IN Local Guide

Cheapest Available Wallace Crossing Apartments for Rent

 

The cheapest available apartment rental in the Wallace Crossing area of Indianapolis, IN is a 2 Beds unit found at The Aerie on 11th Street priced from $775. The Courts Apartment Homes has the second lowest priced unit, which is a 1 Bed apartment currently listed from $799. Here are the most affordable Wallace Crossing apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
The Aerie on 11th Street2 Bedroom 1 Bath - 203492BR,1BA$775
The Courts Apartment Homes1x11BR,1BA$799
50 - SAXONY COURT APARTMENTSSaxony Court- Two Bedroom Upgraded Unit in the ...2BR,1BA$875
Minnie Hartmann CenterThe Lucy 40%2BR,1BA$931
School 85B1BR,1BA$1,133

Best Value Apartments for Rent in Wallace Crossing, IN

As of November 08, 2025 the best value apartment in the Wallace Crossing area is the $1.04 price per square foot 7302 East Washington Street Model at 7302 East Washington Street, Unit A in the in the Southeast Indianapolis neighborhood starting from $1,250. The second greatest value Wallace Crossing apartment is the 2 Bedroom 1 Bath - 20349 Model at The Aerie on 11th Street starting at $775 with a $0.87 price per square foot in the Southeast Indianapolis neighborhood. Here is today’s list of the best values for Wallace Crossing apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
7302 East Washington Street, Unit A7302 East Washington StreetStudio ,1.5BA$1.04
The Aerie on 11th Street2 Bedroom 1 Bath - 203492BR,1BA$0.87
Minnie Hartmann CenterThe Alma 50%2BR,1BA$1.48
50 - SAXONY COURT APARTMENTSSaxony Court- Two Bedroom Upgraded Unit in the ...2BR,1BA$1.15
School 85B1BR,1BA$1.67
The Courts Apartment Homes1x11BR,1BA$1.45

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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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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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.

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Your 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

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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
Wallace Crossing, Indianapolis, IN

Ranked #227

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

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Frequently Asked Questions about Cheap Wallace Crossing Apartments

What is the price of a cheap apartment in Wallace Crossing?

The cheapest apartment in Wallace Crossing is The Courts Apartment Homes which is listed at $799, while the average apartment in Wallace Crossing costs $2,250.

What types of apartments are the cheapest in Wallace Crossing?

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 3 regular apartments in Wallace Crossing that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

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.

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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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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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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.