
Cheap Apartments for Rent in the Wallace Crossing Neighborhood of Indianapolis, IN from $450 (35 Rentals)
Search the lowest-cost Apartments available for rent right now in the Wallace Crossing area of Indianapolis.


5260-5262 Fletcher Ave

263 S Chester Ave

4522 E Washington St, Unit 2ND FLOOR

D&T Nest

521 N Gladstone Ave, Unit B

521 N Gladstone Ave

5241 E 9th St
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943 N Drexel Ave

Minnie Hartman

68 N Layman Ave

45 S Linwood Ave

SUITES OF IRVINGTON

320 N Sherman Dr

318 N Sherman Dr

Historic Audubon Court
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721 N Denny St

833 N Gladstone Ave

810 N Gladstone Ave

932 N Leland Ave

The Aerie on 11th Street

The Wash Apartments
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5143 Washington St

4310 E Michigan St

4312 E Michigan St

47 N Ewing St

933 N Linwood Ave

942 N Bradley Ave

Clark House Apartments

Colonial Park
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!

Irvington Living III

Linwood Manor

101 S Bancroft St
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 | $971 | $789 | $1,400 |
| Wallace Crossing 1 Bedroom Apartments | $930 | $625 | $1,500 |
| Wallace Crossing 2 Bedroom Apartments | $1,122 | $887 | $1,600 |
| Wallace Crossing 3 Bedroom Apartments | $1,352 | $925 | $2,349 |
| Wallace Crossing 4 Bedroom Apartments | $1,705 | $1,705 | $1,705 |
Browse Apartments in this Neighborhood
There are currently 35 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 $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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| D&T Nest | 0 Bedroom 1 Bath - 59118 | Studio,1BA | $764 |
| Minnie Hartman | The Lillie 40% | 2BR,1BA | $887 |
| The Courts Apartment Homes | 2x1 Classic | 2BR,1BA | $969 |
| Saxony Court | Saxony 2 Bd Remodel | 2BR,1BA | $989 |
| Historic Irvington Flats | N | 1BR,1BA | $1,179 |
| Emerton Place Townhomes | Townhome | 2BR,1BA | $1,195 |
| School 85 | F | 2BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| School 85 | F | 2BR,2BA | $1.24 |
| 7302 East Washington Street, Unit A | 7302 East Washington Street | Studio ,1.5BA | $1.04 |
| Minnie Hartman | The Stella 60% | 2BR,1BA | $1.38 |
| Emerton Place Townhomes | Flat | 2BR,1BA | $1.41 |
| The Courts Apartment Homes | 2x1 Classic | 2BR,1BA | $1.24 |
| Saxony Court | Saxony 2 Bd Remodel | 2BR,1BA | $1.30 |
| Historic Irvington Flats | N | 1BR,1BA | $1.75 |
| D&T Nest | 0 Bedroom 1 Bath - 78708 | Studio ,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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Read ArticleYour Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters
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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 #250
Among cities in Indiana for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.0Pet Friendly
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.
Helpful Local Expert Guides

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

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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.

Your Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters
Written by: Wendy Melton
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.

A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Indianapolis
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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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