Cheap Homes for Rent in Wallace Crossing Neighborhood of Indianapolis, IN from $500 (18 Rentals)

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

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property at 6240 E 11th St

6240 E 11th St

IndianapolisIN46219
property at 8 N Butler Ave

8 N Butler Ave

IndianapolisIN46219

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. The Courts Apartment Homes has the second lowest priced unit, which is a 2 Beds apartment currently listed from $899. 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
The Courts Apartment Homes2 Bedroom 1 Bath Apartment2BR,1BA$899
Minnie Hartmann CenterThe Lucy 40%2BR,1BA$931
Historic Irvington FlatsM.2Studio,1BA$971
50 - SAXONY COURT APARTMENTSSaxony 2 Bd Remodel2BR,1BA$975

Best Value Apartments for Rent in Wallace Crossing, IN

As of September 10, 2025 the best value apartment in the Wallace Crossing area is the $0.85 price per square foot 1121 N Dearborn St Model at 1121 N Dearborn St, Unit 1121 N Dearborn in the in the Martindale neighborhood starting from $1,150. The second greatest value Wallace Crossing apartment is the Beautiful Renovated Historic Apartment - 2 bedr... Model at School 85 starting at $1,610 with a $1.24 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.
1121 N Dearborn St, Unit 1121 N Dearborn1121 N Dearborn St2BR,1.5BA$0.85
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
The Courts Apartment Homes2 Bedroom 1 Bath Apartment2BR,1BA$1.15
50 - SAXONY COURT APARTMENTSSaxony 2 Bd Remodel2BR,1BA$1.28
Historic Irvington FlatsM.2Studio ,1BA$2.36

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Wallace Crossing, Indianapolis, IN

Ranked #227

Among cities in Indiana for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Frequently Asked Questions about Wallace Crossing

What type of rentals are currently available in Wallace Crossing?

There are currently 90 Apartments for Rent in Wallace Crossing, IN with pricing that ranges from $650 to $1,610. There are also 74 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 $1,454.

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.

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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.

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.