
Cheap Apartments for Rent in the West Wayne Neighborhood of Indianapolis, IN from $400 (12 Rentals)
Search the lowest-cost Apartments available for rent right now in the West Wayne area of Indianapolis.


Ashgrove Apartments

Pinnacle West

Eagle Creek Court

Addison Creek

Cloverleaf Apartments & Townhomes
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Pinewood Village Apartments

Remington on Rockville

Sebring Court

Mariwood

Stanford Court

The Legend at Speedway
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West Wayne, Indianapolis, IN Local Guide

How much does it cost to rent an apartment in West Wayne?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| West Wayne Studio Apartments | $819 | $715 | $1,499 |
| West Wayne 1 Bedroom Apartments | $1,069 | $767 | $2,726 |
| West Wayne 2 Bedroom Apartments | $1,355 | $945 | $3,160 |
| West Wayne 3 Bedroom Apartments | $1,644 | $1,339 | $3,428 |
| West Wayne 4 Bedroom Apartments | $1,738 | $1,663 | $1,776 |
Browse Apartments in this Neighborhood
There are currently 12 rentals with your search options within a 2 mile radius of the West Wayne Neighborhood of Indianapolis, IN.
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West Wayne, Indianapolis, IN Local Guide
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Cheapest Available West Wayne Apartments for Rent
 The cheapest available apartment rental in the West Wayne area of Indianapolis, IN is a Studio unit found at The Boardwalk at Westlake Apartments and Townhomes priced from $715. Pinnacle West has the second lowest priced unit, which is a Studio apartment currently listed from $759. Here are the most affordable West Wayne apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Boardwalk at Westlake Apartments and Townhomes | Studio - 467 sqft | Studio,1BA | $715 |
| Pinnacle West | Studio | Studio,1BA | $759 |
| The Legend at Speedway | A1 | 1BR,1BA | $786 |
| Northwoods Apartments | Leif | Studio,1BA | $900 |
| The Maywood at Speedway | The Napoli | 1BR,1BA | $915 |
Best Value Apartments for Rent in West Wayne, IN
As of March 07, 2026 the best value apartment in the West Wayne area is the $0.94 price per square foot The Denali Model at Chapel Hill Apartments in the in the West Wayne neighborhood starting from $1,300. The second greatest value West Wayne apartment is the Two Bedroom Two Bathroom (C3) Model at Sebring Court starting at $1,200 with a $1.07 price per square foot in the Speedway Wellhead neighborhood. Here is today’s list of the best values for West Wayne apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Chapel Hill Apartments | The Denali | 1BR,1.5BA | $0.94 |
| Sebring Court | Two Bedroom Two Bathroom (C3) | 2BR,2BA | $1.07 |
| Darby Court | Two Bedroom Two Bathroom (C3M) | 2BR,2BA | $1.13 |
| Ashton Pointe | Two Bedroom Townhome | 2BR,1.5BA | $1.44 |
| Runaway Bay Apartments | Windjammer 2 | 1BR,1BA | $1.43 |
| The Maywood at Speedway | The Santa Maria | 2BR,1.5BA | $1.29 |
| 10 West Apartments | The Dakota | 2BR,1BA | $1.29 |
| The Hermitage | The Hermitage | 1BR,1BA | $1.38 |
| The Legend at Speedway | A1 | 1BR,1BA | $1.38 |
| Pinnacle West | Studio | Studio ,1BA | $1.38 |
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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Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
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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.
Best Local Schools in West Wayne, Indianapolis, IN
School data provided by Great Schools
Lifestyle Ratings
ApartmentHomeLiving brings you comprehensive Lifestyle Ratings of rentals and neighborhoods across the USA, including Indianapolis. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including our Star Ratings to compare for proximity to parks, luxury amenities, pet-friendly features, places that make kids happy, proximity to transit, and other valuable search options. These search options are in the site filters at the top of this page.
Frequently Asked Questions about Cheap West Wayne Apartments
What is a cheap apartment in West Wayne?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in West Wayne is under $1,002.
What is the price of a cheap apartment in West Wayne?
The cheapest apartment in West Wayne is The Legend at Speedway which is listed at $786, while the average apartment in West Wayne costs $1,776.
What types of apartments are the cheapest in West Wayne?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 86 regular apartments in West Wayne that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in West Wayne?
Cheap apartments in West Wayne have an average cost of $438 which is $1,338 cheaper than the average rent for all rentals in West Wayne.
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.
Articles, How-To's, and Tips

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.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.