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$735 - $3,076Studio to 3 Bedroom Apartments Available Now
The Boardwalk at Westlake Apartments and Townhomes
6000 Westlake DrIndianapolis, IN 46224
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.
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$750 - $1,025Studio to 2 Bedroom Apartments Contact Us For Availability
Ashgrove Apartments
1211 Ginger CtIndianapolis, IN 46241
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$759 - $1,529Studio to 2 Bedroom Apartments Available Now
Pinnacle West
230 Welcome Way BlvdIndianapolis, IN 46214
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$767 - $1,3061 to 2 Bedroom Apartments Available Jul 19
Eagle Creek Court
2148 Augusta Dr EIndianapolis, IN 46224
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1 to 4 Bedroom Apartments
Addison Creek
58 Port Ocall DrIndianapolis, IN 46224
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1 to 3 Bedroom Apartments
Cloverleaf Apartments & Townhomes
835 Cloverleaf TerIndianapolis, IN 46241
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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Studio to 3 Bedroom Apartments
Pinewood Village Apartments
5402 Norfolk WayIndianapolis, IN 46224
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1 to 3 Bedroom Apartments
Remington on Rockville
7455 Rockleigh AveIndianapolis, IN 46214
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1 to 3 Bedroom Apartments
Sebring Court
1902 Parsons DrIndianapolis, IN 46224
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2 to 4 Bedroom Apartments
Mariwood
9231 Mariwood PkyIndianapolis, IN 46234
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$773 - $1,4281 to 2 Bedroom Apartments Contact Us For Availability
Stanford Court
1815 Foyt DrSpeedway, IN 46224
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1 to 2 Bedroom Apartments
The Legend at Speedway
2202 Fair Oaks DrSpeedway, IN 46224
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.
Showing Results 1-12, Page 1 of 1
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 | $865 | $735 | $1,709 |
| West Wayne 1 Bedroom Apartments | $1,067 | $760 | $2,629 |
| West Wayne 2 Bedroom Apartments | $1,335 | $945 | $2,628 |
| West Wayne 3 Bedroom Apartments | $1,833 | $1,300 | $3,708 |
| West Wayne 4 Bedroom Apartments | $1,717 | $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 $735. 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 - 441 sqft | Studio,1BA | $735 |
| Pinnacle West | Studio | Studio,1BA | $759 |
| The Legend at Speedway | A1 | 1BR,1BA | $799 |
| The Park at Greenhill | 1 Bedroom, 1 Bath 654 SF - Creek Side | 1BR,1BA | $901 |
| The Hills Apartment Homes | 1x1 Classic | 1BR,1BA | $939 |
Best Value Apartments for Rent in West Wayne, IN
As of June 06, 2026 the best value apartment in the West Wayne area is the $1.00 price per square foot The Pinnacle Model at Chapel Hill Apartments in the in the West Wayne neighborhood starting from $1,475. The second greatest value West Wayne apartment is the Catalina 1 Model at Runaway Bay Apartments starting at $1,817 with a $1.37 price per square foot in the Cheswick Place 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 Pinnacle | 2BR,1.5BA | $1.00 |
| Runaway Bay Apartments | Catalina 1 | 3BR,2BA | $1.37 |
| Auburn Hills Apartments | Augusta Phase II (Fireplace) | 2BR,2BA | $1.49 |
| Carriage House West | The Kincaid | 2BR,1.5BA | $1.40 |
| The Maywood at Speedway | The Concord | 2BR,1BA | $1.17 |
| The Hermitage | The Haven | 2BR,2BA | $1.40 |
| Wyckford Commons | The Iris | 1BR,1BA | $1.39 |
| 10 West Apartments | The Abbey | 1BR,1BA | $1.24 |
| The Legend at Speedway | A1 | 1BR,1BA | $1.40 |
| 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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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
Read ArticleReal 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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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 $1,050.
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 $760, while the average apartment in West Wayne costs $1,710.
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 73 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 $378 which is $1,332 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
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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.
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Indianapolis is truly the heart of the Midwest. No matter what career path you choose, opportunities for advancement are everywhere.
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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.
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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
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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.
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.