Cheap Apartments for Rent in the Wallace Crossing Neighborhood of Indianapolis, IN from $300 (26 Rentals)

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

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Colonial Park
1 to 2 Bedroom Apartments

Colonial Park

4421 E Washington StIndianapolis, IN 46201
  • Utilities Included

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Butler Place
Studio to 1 Bedroom Apartments

Butler Place

5230 E Washington StIndianapolis, IN 46219
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Helen Louise Apartments
1 Bedroom Apartments

Helen Louise Apartments

5822 E Washington StIndianapolis, IN 46219
  • Utilities Included
property at 15 N Riley Ave

15 N Riley Ave

IndianapolisIN46201

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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Wallace Crossing - One of the Best Affordable Neighborhoods in Indianapolis

Named as one of the Best Affordable Neighborhoods to rent in Indianapolis by our Local Expert Wendy Melton. See how it ranks!

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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 $700. Stonehenge has the second lowest priced unit, which is a Studio apartment currently listed from $824. Here are the most affordable Wallace Crossing apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
The Aerie on 11th Street6260 East 11th Street - Apt 3072BR,1BA$700
StonehengeStudioStudio,1BA$824
OlivewoodStudioStudio,1BA$825
Courts Apartments2 Bedroom 1 Bathroom Apartment2BR,1BA$854
Vistas Apartments2 Bedroom 1 Bath Apartment2BR,1BA$869
50 - SAXONY COURT APARTMENTSSaxony 2 Bd Standard2BR,1BA$875
Minnie Hartmann CenterThe Lucy 40%2BR,1BA$931
Parkhaven Apartments1 Bedroom 1 Bath Apartment1BR,1BA$949
Welcome to Dawson Village – Welcome Home!Renovated 2 Bedroom Flat - Open Kitchen Floorplan2BR,1BA$950

Best Value Apartments for Rent in Wallace Crossing, IN

As of June 01, 2025 the best value apartment in the Wallace Crossing area is the $1.24 price per square foot Beautiful Renovated Historic Apartment - 2 bedr... Model at School 85 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 ListingModel NameBed/BathPrice Per Sq.Ft.
School 85Beautiful Renovated Historic Apartment - 2 bedr...2BR,2BA$1.24
7302 East Washington Street, Unit A7302 East Washington StreetStudio ,1.5BA$1.04
Vistas Apartments2 Bedroom 1 Bath Apartment2BR,1BA$1.01
The Aerie on 11th Street6260 East 11th Street - Apt 3052BR,1BA$0.82
Minnie Hartmann CenterThe Alma 50%2BR,1BA$1.48
Serenity Manor 55+ Independent Senior Living2 Bedroom/2 Bath2BR,2BA$1.49
Courts Apartments2 Bedroom 1 Bathroom Apartment2BR,1BA$1.09
214 N 9th Ave, Unit 214 N. 9th Avenue214 N 9th Ave2BR,1BA$1.18
50 - SAXONY COURT APARTMENTSSaxony 2 Bd Standard2BR,1BA$1.18
Welcome to Dawson Village – Welcome Home!Renovated 2 Bedroom Flat - Open Kitchen Floorplan2BR,1BA$1.36

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Wallace Crossing, Indianapolis, IN

Ranked #208

Among neighborhoods in Indianapolis, IN for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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Frequently Asked Questions about Cheap Wallace Crossing Apartments

What is a cheap apartment in Wallace Crossing?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Wallace Crossing is under $950.

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

The cheapest apartment in Wallace Crossing is Olivewood which is listed at $925, while the average apartment in Wallace Crossing costs $1,688.

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 12 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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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.