
Cheap Homes for Rent in the Wallace Crossing Neighborhood of Indianapolis, IN from $500 (16 Rentals)
Search the lowest-cost Homes available for rent right now in the Wallace Crossing area of Indianapolis.


3123 E Michigan St

565 S Webster Ave

1036 N Tuxedo St

1038 N Tuxedo St
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4537 Fletcher Ave

833 N Gladstone Ave

5143 Washington St

419 S Arlington Ave

943 N Drexel Ave
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4312 E Michigan St

4310 E Michigan St

47 N Ewing St

932 N Leland Ave

35#B Dequincy Street, 46201; #713375 - 713375
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521 N Gladstone Ave
Wallace Crossing, Indianapolis, IN Local Guide

How much does it cost to rent a home in Wallace Crossing?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Wallace Crossing 2 Bedroom Homes for Rent | $1,157 | $595 | $1,600 |
| Wallace Crossing 3 Bedroom Homes for Rent | $1,451 | $925 | $2,800 |
| Wallace Crossing 4 Bedroom Homes for Rent | $2,196 | $1,295 | $5,500 |
| Wallace Crossing 5 Bedroom Homes for Rent | $1,848 | $1,697 | $2,000 |
Browse Homes for Rent in this Neighborhood
There are currently 16 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 2 Beds unit found at The Aerie on 11th Street priced from $795. Saxony Court has the second lowest priced unit, which is a 2 Beds apartment currently listed from $889. Here are the most affordable Wallace Crossing apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Aerie on 11th Street | 2 Bedroom 1 Bath - 24026 | 2BR,1BA | $795 |
| Saxony Court | Saxony 2 Bd Standard | 2BR,1BA | $889 |
| The Courts Apartment Homes | 2x1 Classic | 2BR,1BA | $949 |
| Eastgate Terrace Apartments | 1 Bed Elegance | 1BR,1BA | $950 |
| Minnie Hartman | The Lillie 50% | 2BR,1BA | $1,136 |
Best Value Apartments for Rent in Wallace Crossing, IN
As of August 04, 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 |
| The Aerie on 11th Street | 2 Bedroom 1 Bath - 24026 | 2BR,1BA | $0.94 |
| The Courts Apartment Homes | 2x1 Classic | 2BR,1BA | $1.22 |
| Saxony Court | Saxony 2 Bd Remodel | 2BR,1BA | $1.30 |
| Eastgate Terrace Apartments | 1 Bed Elegance | 1BR,1BA | $1.36 |
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 #249
Among cities in Indiana for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Frequently Asked Questions about Wallace Crossing
What type of rentals are currently available in Wallace Crossing?
There are currently 100 Apartments for Rent in Wallace Crossing, IN with pricing that ranges from $595 to $2,689. There are also 89 Single Family Homes for rent, Condos, and Townhome rentals currently available in Wallace Crossing ranging from $525 to $5,500.
What is the current price range for Rental Homes in Wallace Crossing?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Wallace Crossing ranges from $525 to $5,500 with an average monthly rent of $1,276.
How much are larger Three and Four Bedroom Rentals in Wallace Crossing?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Wallace Crossing range from $925 to $2,689, while Three Bedroom Homes, Condos, and Townhomes for rent range from $925 to $2,800. Four Bedroom Single-Family rentals are also available starting from $1,295 and Four Bedroom Apartments start at $1,285.
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

Indys Innovation Hub: Top Indianapolis Employers and the Neighborhoods that Welcome You Home
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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Written by: Wendy Melton
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.

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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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There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.