
Cheap Apartments for Rent in the Wallace Crossing Neighborhood of Indianapolis, IN from $400 (26 Rentals)
Search the lowest-cost Apartments available for rent right now in the Wallace Crossing area of Indianapolis.


910 N Ewing St

25 S Emerson Ave

263 S Chester Ave

37-37 S Sherman Dr

712-712 N Bosart Ave
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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.

810 N Bradley Ave

521 N Gladstone Ave, Unit B

SUITES OF IRVINGTON

320 N Sherman Dr

Historic Audubon Court

1106 N Gale St
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.

The Jeffersonian Apartments Of Indianapolis

1036 N Tuxedo St

The Wash Apartments

4537 Fletcher Ave

Saxony Court

833 N Gladstone Ave
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1038 N Tuxedo St

Clark House Apartments

Colonial Park

5143 Washington St

4919 Orion Ave

201 S Emerson Ave
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.

775 Dequincy St

Linwood Manor
Wallace Crossing, Indianapolis, IN Local Guide

How much does it cost to rent an apartment in Wallace Crossing?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Wallace Crossing Studio Apartments | $922 | $595 | $1,250 |
| Wallace Crossing 1 Bedroom Apartments | $920 | $625 | $1,500 |
| Wallace Crossing 2 Bedroom Apartments | $991 | $929 | $1,500 |
| Wallace Crossing 3 Bedroom Apartments | $1,399 | $975 | $2,400 |
| Wallace Crossing 4 Bedroom Apartments | $1,775 | $1,775 | $1,775 |
Browse Apartments in this Neighborhood
There are currently 26 rentals with your search options within a 2 mile radius of the Wallace Crossing Neighborhood of Indianapolis, IN.
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Wallace Crossing, Indianapolis, IN Local Guide
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Cheapest Available Wallace Crossing Apartments for Rent
 The cheapest available apartment rental in the Wallace Crossing area of Indianapolis, IN is a Studio unit found at D&T Nest priced from $575. Courts Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $929. Here are the most affordable Wallace Crossing apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| D&T Nest | 0 Bedroom 1 Bath - 67689 | Studio,1BA | $575 |
| Courts Apartments | 2x1 Classic | 2BR,1BA | $929 |
| Eastgate Terrace Apartments | 1 Bed Elegance | 1BR,1BA | $950 |
| 412 N Bradley Ave | 2 Beds, 1 Baths | 2BR,1BA | $950 |
| Saxony Court | Saxony 2 Bd Remodel | 2BR,1BA | $989 |
| Minnie Hartman | The Lillie 50% | 2BR,1BA | $1,136 |
| Schoolhouse Flats | F | 2BR,2BA | $1,610 |
Best Value Apartments for Rent in Wallace Crossing, IN
As of June 11, 2026 the best value apartment in the Wallace Crossing area is the $1.24 price per square foot F Model at Schoolhouse Flats in the in the Southeast Indianapolis neighborhood starting from $1,610. The second greatest value Wallace Crossing apartment is the 7302 East Washington Street Model at 7302 East Washington Street, Unit A starting at $1,250 with a $1.04 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Schoolhouse Flats | F | 2BR,2BA | $1.24 |
| 7302 East Washington Street, Unit A | 7302 East Washington Street | Studio ,1.5BA | $1.04 |
| 3312 E 9th St, Unit 3312 | 3312 E 9th St | 3BR,2BA | $1.27 |
| 3310 E 9th St, Unit 3310 E 9th | 3310 E 9th St | 3BR,2BA | $2.18 |
| Minnie Hartman | The Lillie 60% | 2BR,1BA | $1.34 |
| Eastgate Terrace Apartments | 2 Bed Elegance | 2BR,1BA | $1.37 |
| Courts Apartments | 2x1 Classic | 2BR,1BA | $1.19 |
| Saxony Court | Saxony 2 Bd Remodel | 2BR,1BA | $1.30 |
| 412 N Bradley Ave | 2 Beds, 1 Baths | 2BR,1BA | $1.36 |
| D&T Nest | 0 Bedroom 1 Bath - 67689 | Studio ,1BA | $1.85 |
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 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 ArticleReal 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.
Read ArticleQuick 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.
Pet Friendly LifestyleWallace Crossing, Indianapolis, IN
Ranked #242
Among cities in Indiana for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Frequently Asked Questions about Cheap Wallace Crossing Apartments
How much is rent for a Cheap One Bedroom Wallace Crossing Apartment?
The lowest price for a Cheap One Bedroom Wallace Crossing Apartment is $950 at Eastgate Terrace Apartments.
What is the lowest price for a Cheap Two Bedroom Wallace Crossing Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Wallace Crossing is starting from $929 at Courts Apartments.
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

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.

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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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.
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Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.