
Cheap Homes for Rent in Wallace Crossing Neighborhood of Indianapolis, IN from $500 (13 Rentals)
Search the lowest-cost Homes available for rent right now in the Wallace Crossing area of Indianapolis.


15 N Riley Ave

890 N Gladstone Ave

1106 N Gale St

927 N Chester Ave

1036 N Tuxedo St
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
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.

896 N Gladstone Ave

925 N Gladstone Ave

833 N Gladstone Ave

5143 Washington St

216 N 6th Ave

4919 Orion Ave
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.

775 Dequincy St
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 | $1,204 | $800 | $2,000 |
| Wallace Crossing 3 Bedroom Homes for Rent | $1,438 | $975 | $2,800 |
| Wallace Crossing 4 Bedroom Homes for Rent | $1,763 | $1,295 | $2,300 |
Browse Homes for Rent in this Neighborhood
There are currently 13 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 1 Bed unit found at Colonial Park priced from $850. Saxony Court has the second lowest priced unit, which is a 1 Bed apartment currently listed from $869. Here are the most affordable Wallace Crossing apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Colonial Park | 1 Bed, 1 bath | 1BR,1BA | $850 |
| Saxony Court | 1BD - New Floors | 1BR,1BA | $869 |
| The Courts Apartment Homes | 2x1 Classic | 2BR,1BA | $919 |
| Historic Irvington Flats | M.2 | Studio,1BA | $971 |
| Minnie Hartman | The Lillie 50% | 2BR,1BA | $1,136 |
Best Value Apartments for Rent in Wallace Crossing, IN
As of May 05, 2026 the best value apartment in the Wallace Crossing area is the $1.04 price per square foot 7302 East Washington Street Model at 7302 East Washington Street, Unit A in the in the Southeast Indianapolis neighborhood starting from $1,250. The second greatest value Wallace Crossing apartment is the 3310 E 9th St Model at 3310 E 9th St, Unit 3310 E 9th starting at $2,400 with a $2.18 price per square foot in the Martindale 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. |
|---|---|---|---|
| 7302 East Washington Street, Unit A | 7302 East Washington Street | Studio ,1.5BA | $1.04 |
| 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 |
| The Courts Apartment Homes | 2x1 Classic | 2BR,1BA | $1.18 |
| Saxony Court | 1BD - New Floors | 1BR,1BA | $1.50 |
| Colonial Park | 1 Bed, 1 bath | 1BR,1BA | $1.55 |
| Historic Irvington Flats | M.2 | Studio ,1BA | $2.36 |
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Learn the property manager's true secrets to a zero-deduction move-out. Use this step-by-step guide on documentation, cleaning, and lease-reading to reclaim your security deposit.
Read Article10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon'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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
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 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 #247
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 97 Apartments for Rent in Wallace Crossing, IN with pricing that ranges from $575 to $2,400. There are also 70 Single Family Homes for rent, Condos, and Townhome rentals currently available in Wallace Crossing ranging from $525 to $2,800.
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 $2,800 with an average monthly rent of $1,159.
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 $1,200 to $2,400, while Three Bedroom Homes, Condos, and Townhomes for rent range from $975 to $2,800. Four Bedroom Single-Family rentals are also available starting from $1,295 and Four Bedroom Apartments start at $1,775.
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
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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.

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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Articles, How-To's, and Tips

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
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I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.