
Cheap Apartments for Rent in the Wanamaker Neighborhood of Indianapolis, IN from $700 (3 Rentals)
Search the lowest-cost Apartments available for rent right now in the Wanamaker area of Indianapolis.

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.

Stratford Place Apartments
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.

Franklin Cove
Wanamaker, Indianapolis, IN Local Guide

How much does it cost to rent an apartment in Wanamaker?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Wanamaker 1 Bedroom Apartments | $1,304 | $1,245 | $1,385 |
| Wanamaker 2 Bedroom Apartments | $1,459 | $1,361 | $1,574 |
| Wanamaker 3 Bedroom Apartments | $1,701 | $1,637 | $1,806 |
Explore Indianapolis
Best Value Apartments for Rent in Wanamaker, IN
As of June 13, 2026 the best value apartment in the Wanamaker area is the $1.70 price per square foot A1-SR Model at The 85Twenty in the in the Southeast Indianapolis neighborhood starting from $1,311. The second greatest value Wanamaker apartment is the 1 Bed 1 Bath Model at Heathmoore - Indianapolis starting at $925 with a $1.61 price per square foot in the Southeast Indianapolis neighborhood. Here is today’s list of the best values for Wanamaker apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The 85Twenty | A1-SR | 1BR,1BA | $1.70 |
| Heathmoore - Indianapolis | 1 Bed 1 Bath | 1BR,1BA | $1.61 |
Frequently Asked Questions about Cheap Wanamaker Apartments
What is the lowest price for a Cheap Two Bedroom Wanamaker Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Wanamaker is starting from $1,065 at Heathmoore - Indianapolis.
What is the most affordable Wanamaker Three Bedroom Apartment?
The best deal on a cheap Wanamaker Three Bedroom Apartment rental is at The 85Twenty and starts from $1,637.
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
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.

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.

Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods
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.

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.
Articles, How-To's, and Tips

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.