Cheap Apartments for Rent in the Wallace Crossing Neighborhood of Indianapolis, IN from $450 (35 Rentals)

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

property at 521 N Gladstone Ave
$799
1 Bedroom Rentals
Available Now
Affordability

521 N Gladstone Ave

IndianapolisIN46201
  • Smoke Free
property at 5241 E 9th St
$850

Total Monthly Price

Base Rent$850

Total Monthly Price$850
3 Bedroom, 1 Bath Home for Rent
Available Now
Furnished

5241 E 9th St

IndianapolisIN46219

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SUITES OF IRVINGTON
Studio to 2 Bedroom Apartments

SUITES OF IRVINGTON

5730 E Washington StIndianapolis, IN 46219
property at 318 N Sherman Dr
$525
Studio Rentals
Available Now
Affordability

318 N Sherman Dr

IndianapolisIN46201

Rent According to Income: A Look at Income-Restricted Rentals

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The Wash Apartments
1 to 3 Bedroom Apartments

The Wash Apartments

4741 E Washington StIndianapolis, IN 46201
  • Utilities Included

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

Discover the heart of the Midwest! Learn about popular Indianapolis neighborhoods to rent like Speedway and Eagledale, plus top universities and can't-miss places to eat.

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Colonial Park
1 to 2 Bedroom Apartments

Colonial Park

4421 E Washington StIndianapolis, IN 46201
  • Utilities Included

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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Linwood Manor
1 Bedroom Apartments

Linwood Manor

4509 E Washington StIndianapolis, IN 46201
  • Utilities Included

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 Studio unit found at D&T Nest priced from $764. Minnie Hartman has the second lowest priced unit, which is a 2 Beds apartment currently listed from $887. Here are the most affordable Wallace Crossing apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
D&T Nest0 Bedroom 1 Bath - 59118Studio,1BA$764
Minnie HartmanThe Lillie 40%2BR,1BA$887
The Courts Apartment Homes2x1 Classic2BR,1BA$969
Saxony CourtSaxony 2 Bd Remodel2BR,1BA$989
Historic Irvington FlatsN1BR,1BA$1,179
Emerton Place TownhomesTownhome2BR,1BA$1,195
School 85F2BR,2BA$1,610

Best Value Apartments for Rent in Wallace Crossing, IN

As of September 10, 2026 the best value apartment in the Wallace Crossing area is the $1.24 price per square foot F 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 85F2BR,2BA$1.24
7302 East Washington Street, Unit A7302 East Washington StreetStudio ,1.5BA$1.04
Minnie HartmanThe Stella 60%2BR,1BA$1.38
Emerton Place TownhomesFlat2BR,1BA$1.41
The Courts Apartment Homes2x1 Classic2BR,1BA$1.24
Saxony CourtSaxony 2 Bd Remodel2BR,1BA$1.30
Historic Irvington FlatsN1BR,1BA$1.75
D&T Nest0 Bedroom 1 Bath - 78708Studio ,1BA$2.92

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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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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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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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
Wallace Crossing, Indianapolis, IN

Ranked #250

Among cities in Indiana 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 $1,610.

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

The cheapest apartment in Wallace Crossing is Historic Irvington Flats which is listed at $1,179, while the average apartment in Wallace Crossing costs $1,095.

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 10 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

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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