Cheap Apartments for Rent in the West Wayne Neighborhood of Indianapolis, IN from $400 (12 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

close
View Me
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.

close
View Me
Remington on Rockville
1 to 3 Bedroom Apartments

Remington on Rockville

7455 Rockleigh AveIndianapolis, IN 46214
  • Utilities Included
close
View Me
Mariwood
2 to 4 Bedroom Apartments

Mariwood

9231 Mariwood PkyIndianapolis, IN 46234
  • Utilities Included
close
View Me
Sebring Court
1 to 3 Bedroom Apartments

Sebring Court

1902 Parsons DrIndianapolis, IN 46224
close
View Me
The Legend at Speedway
1 to 2 Bedroom Apartments

The Legend at Speedway

2202 Fair Oaks DrSpeedway, IN 46224
Corporate Housing

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.

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 Studio unit found at Pinnacle West priced from $759. The Boardwalk at Westlake Apartments and Townhomes has the second lowest priced unit, which is a Studio apartment currently listed from $770. Here are the most affordable West Wayne apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Pinnacle WestStudioStudio,1BA$759
The Boardwalk at Westlake Apartments and TownhomesStudio - 441 sqftStudio,1BA$770
The Legend at SpeedwayA11BR,1BA$799
Darby CourtStandard One Bedroom (SN1)1BR,1BA$801
The Hills Apartment Homes1x1 - Classic1BR,1BA$849

Best Value Apartments for Rent in West Wayne, IN

As of November 28, 2025 the best value apartment in the West Wayne area is the $0.98 price per square foot The Kenai Model at Chapel Hill Apartments in the in the West Wayne neighborhood starting from $1,425. The second greatest value West Wayne apartment is the Two Bed Two and a Half Bath Townhome (T2) Model at Sebring Court starting at $1,284 with a $1.05 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.
Chapel Hill ApartmentsThe Kenai2BR,1.5BA$0.98
Sebring CourtTwo Bed Two and a Half Bath Townhome (T2)2BR,2.5BA$1.05
Westpark Townhomes2 Bed 1.5 Bath Townhome2BR,1.5BA$1.11
10 West ApartmentsThe Broadway2BR,2BA$1.30
The Maywood at SpeedwayThe Santa Maria2BR,1.5BA$1.29
Eagle Lake LandingThe Bay Breeze1BR,2BA$1.41
Wyckford CommonsThe Artemis1BR,1BA$1.47
Ashton PointeOne Bedroom Apartment1BR,1BA$1.40
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.

Read Article
Decorative image

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.

Read Article
Decorative image

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 Article
Decorative image

Quick 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.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
West Wayne, Indianapolis, IN

Ranked #127

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

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

decorative image of woman handing cat to small boy

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 $977.

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 $799, while the average apartment in West Wayne costs $1,724.

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 48 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 $480 which is $1,244 cheaper than the average rent for all rentals in West Wayne.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

decorative image for A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Indianapolis article

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.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

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.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.