Cheap Apartments for Rent in the West Indianapolis Neighborhood of Indianapolis, IN from $500 (51 Rentals)

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Search the lowest-cost Apartments available for rent right now in the West Indianapolis area of Indianapolis.

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Lake Castleton Apartments
Rent Specials
$815 - $1,501
Total Monthly Price

Total Monthly Price

Base Rent
$815 - $1,501
Total Monthly Price
$815 - $1,501
Studio to 2 Bedroom Apartments Available Now

Lake Castleton Apartments

7601 Carlton Arms DrIndianapolis, IN 46256
Affordability
  • Verified
  • Customer Reviewed
  • 3D Tour

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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9 On Canal
Rent Specials
$1,110 - $3,515
Total Monthly Price

Total Monthly Price

Base Rent
$1,110 - $3,515
Total Monthly Price
$1,110 - $3,515
Studio to 3 Bedroom Apartments Available Now

9 On Canal

335 W 9th StIndianapolis, IN 46202
Furnished
  • Verified
  • Customer Reviewed
  • 3D Tour

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Central State Mansion
1 to 3 Bedroom Apartments

Central State Mansion

202 Steeples BlvdIndianapolis, IN 46222
Student Housing
  • Utilities Included

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.

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Plaza at Central Greens
1 to 3 Bedroom Apartments

Plaza at Central Greens

3010 W Washington StIndianapolis, IN 46222
  • Utilities Included

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.

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West Indianapolis, Indianapolis, IN Local Guide

Cheapest Available West Indianapolis Apartments for Rent

 

The cheapest available apartment rental in the West Indianapolis area of Indianapolis, IN is a 1 Bed unit found at The Boardwalk at Westlake Apartments and Townhomes priced from $730. The Meridian North and South has the second lowest priced unit, which is a Studio apartment currently listed from $734. Here are the most affordable West Indianapolis apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
The Boardwalk at Westlake Apartments and TownhomesOne Bedroom - 516 sqft1BR,1BA$730
The Meridian North and SouthS1R SouthStudio,1BA$734
Garfield Park Village1/1 Renovated1BR,1BA$799
Brookwood Apartments1 Bedroom 1 Bathroom1BR,1BA$810
Lake Castleton ApartmentsJacksonStudio,1BA$815
The HermitageThe Retreat1BR,1BA$860
Enclave Park 100The EnclaveStudio,1BA$899
The Park at Greenhill1 Bedroom, 1 Bath 654 SF - Creek Side1BR,1BA$901
The Prairies Apartment Homes1x1 Classic1BR,1BA$909
Berkley CommonsOne Bedroom One Bath1BR,1BA$919

Best Value Apartments for Rent in West Indianapolis, IN

As of August 14, 2026 the best value apartment in the West Indianapolis area is the $1.36 price per square foot 3 Bedroom 2 Bath Model at The Block in the in the Riley neighborhood starting from $2,399. The second greatest value West Indianapolis apartment is the Woodland Model at Beech Meadow Apartments starting at $1,353 with a $1.10 price per square foot in the Southeast Indianapolis neighborhood. Here is today’s list of the best values for West Indianapolis apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Block3 Bedroom 2 Bath3BR,2BA$1.36
Beech Meadow ApartmentsWoodland3BR,2BA$1.10
Everly at Meridian HillsIris2BR,1BA$1.24
Eagle Lake LandingThe Lakeshore Townhome2BR,1.5BA$1.18
Brookwood Apartments3 Bedroom 1.5 Bath3BR,1.5BA$1.29
The HermitageThe Haven2BR,2BA$1.44
The Assumption on Blaine1 Bed 1 Bath1BR,1BA$1.31
Astoria Park Apartment HomesOne Bedroom - 712 sqft1BR,1BA$1.40
The Prairies Apartment Homes1x1 Upgraded1BR,1BA$1.49
Berkley CommonsOne Bedroom One Bath1BR,1BA$1.47

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.

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Real 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.

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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.

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Pet Friendly Lifestyle
West Indianapolis, Indianapolis, IN

Ranked #26

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Frequently Asked Questions about Cheap West Indianapolis Apartments

What is the Cheapest Studio apartment in West Indianapolis?

Currently the most affordable Cheap Studio Apartment in West Indianapolis is at The Meridian North and South listed at $734.

How much is rent for a Cheap One Bedroom West Indianapolis Apartment?

The lowest price for a Cheap One Bedroom West Indianapolis Apartment is $730 at The Boardwalk at Westlake Apartments and Townhomes.

What is the lowest price for a Cheap Two Bedroom West Indianapolis Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in West Indianapolis is starting from $839 at The Meridian North and South.

What is the most affordable West Indianapolis Three Bedroom Apartment?

The best deal on a cheap West Indianapolis Three Bedroom Apartment rental is at The Meridian North and South and starts from $1,069.

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.

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