Cheap Homes for Rent in Wallace Crossing Neighborhood of Indianapolis, IN from $500 (16 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

Read Article

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.

Read Article

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.

Read Article
Showing Results 1-16, Page 1 of 1

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. Courts Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $734. 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 3022BR,1BA$700
Courts Apartments1 Bedroom 1 Bathroom Apartment1BR,1BA$734
50 - SAXONY COURT APARTMENTSSaxony 2 Bd Standard2BR,1BA$875
Minnie Hartmann CenterThe Lucy 40%2BR,1BA$931
Historic Irvington FlatsBeautiful Renovated Historic Apartment - Studio...Studio,1BA$971

Best Value Apartments for Rent in Wallace Crossing, IN

As of July 26, 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
The Aerie on 11th Street6240 East 11th Street - Apt 2022BR,1BA$0.82
Minnie Hartmann CenterThe Alma 50%2BR,1BA$1.48
50 - SAXONY COURT APARTMENTSSaxony 2 Bd Standard2BR,1BA$1.18
Historic Irvington FlatsBeautiful Renovated Historic Apartment 1 bedroo...1BR,1BA$1.60
Courts Apartments1 Bedroom 1 Bathroom Apartment1BR,1BA$1.33

Quick 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.

decorative image of people with a giant lease agreement

Frequently Asked Questions about Wallace Crossing

What type of rentals are currently available in Wallace Crossing?

There are currently 94 Apartments for Rent in Wallace Crossing, IN with pricing that ranges from $625 to $2,087. There are also 68 Single Family Homes for rent, Condos, and Townhome rentals currently available in Wallace Crossing ranging from $595 to $3,500.

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 $595 to $3,500 with an average monthly rent of $1,771.

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.

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

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.

decorative image for Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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

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.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

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.