Cheap Apartments for Rent in the West Wayne Neighborhood of Indianapolis, IN from $400 (13 Rentals)

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Addison Creek
1 to 4 Bedroom Apartments

Addison Creek

58 Port Ocall DrIndianapolis, IN 46224
  • 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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Remington on Rockville
1 to 3 Bedroom Apartments

Remington on Rockville

7455 Rockleigh AveIndianapolis, IN 46214
  • Utilities Included
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Sebring Court
1 to 3 Bedroom Apartments

Sebring Court

1902 Parsons DrIndianapolis, IN 46224
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Mariwood
2 to 4 Bedroom Apartments

Mariwood

9231 Mariwood PkyIndianapolis, IN 46234
  • Utilities Included

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.

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The Legend at Speedway
1 to 2 Bedroom Apartments

The Legend at Speedway

2202 Fair Oaks DrSpeedway, IN 46224
Corporate Housing

West Wayne, Indianapolis, IN Local Guide

Cheapest Available West Wayne Apartments for Rent

 

The cheapest available apartment rental in the West Wayne area of Indianapolis, IN is a 1 Bed unit found at The Boardwalk at Westlake Apartments and Townhomes priced from $745. 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 ListingModel NameBed/BathPriced From
The Boardwalk at Westlake Apartments and TownhomesOne Bedroom - 516 sqft1BR,1BA$745
Pinnacle WestStudioStudio,1BA$759
Darby CourtStandard One Bedroom (SN1)1BR,1BA$769
The Legend at SpeedwayA11BR,1BA$799
The Hills Apartment Homes1x1 Classic1BR,1BA$899

Best Value Apartments for Rent in West Wayne, IN

As of January 14, 2026 the best value apartment in the West Wayne area is the $1.11 price per square foot 2 Bed 1.5 Bath Townhome Model at Westpark Townhomes in the in the Speedway Wellhead neighborhood starting from $1,250. The second greatest value West Wayne apartment is the Three Bedroom Townhome Model at Ashton Pointe starting at $1,529 with a $1.38 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Westpark Townhomes2 Bed 1.5 Bath Townhome2BR,1.5BA$1.11
Ashton PointeThree Bedroom Townhome3BR,1.5BA$1.38
Wyckford CommonsThe Cadwell2BR,1.5BA$1.33
The Maywood at SpeedwayThe Santa Maria2BR,1.5BA$1.29
10 West ApartmentsThe Dakota2BR,1BA$1.29
The HermitageThe Haven2BR,2BA$1.40
Chapel Hill ApartmentsThe Everglade2BR,1BA$1.31
Eagle Lake LandingThe Bay Breeze1BR,2BA$1.34
The Legend at SpeedwayA11BR,1BA$1.40
Pinnacle WestStudioStudio ,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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Your 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

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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 $1,069.

What is the price of a cheap apartment in West Wayne?

The cheapest apartment in West Wayne is The Boardwalk at Westlake Apartments and Townhomes which is listed at $745, while the average apartment in West Wayne costs $1,671.

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 39 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 $370 which is $1,301 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

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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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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.

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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

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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.

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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.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!