Cheap Apartments for Rent in the Winchester Village Neighborhood of Indianapolis, IN from $600 (21 Rentals)

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

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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Windsor Court
1 to 2 Bedroom Apartments

Windsor Court

7302 Queen Anne CtIndianapolis, IN 46227
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Pleasant Creek Apartments
Studio to 2 Bedroom Apartments

Pleasant Creek Apartments

2816 E County Line RdIndianapolis, IN 46227
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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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Fountain Lake Villas
Studio to 3 Bedroom Apartments

Fountain Lake Villas

2220 E Stop 13 RdIndianapolis, IN 46227
Senior Living
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The Sterling
1 to 2 Bedroom Apartments

The Sterling

8020 Madison AveIndianapolis, IN 46227

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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Winchester Village, Indianapolis, IN Local Guide

Cheapest Available Winchester Village Apartments for Rent

 

The cheapest available apartment rental in the Winchester Village area of Indianapolis, IN is a 1 Bed unit found at Windsor Court priced from $728. Waterbury Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $775. Here are the most affordable Winchester Village apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Windsor CourtStandard One Bedroom (SN1)1BR,1BA$728
Waterbury ApartmentsStudioStudio,1BA$775
SherbrookStudioStudio,1BA$820
5700 Madison Apartments & Edgewood on MadisonEdgewood - Sycamore1BR,1BA$850
Courts of Valle Vista1Bed/1Ba-Up (B)1BR,1BA$864

Best Value Apartments for Rent in Winchester Village, IN

As of December 06, 2025 the best value apartment in the Winchester Village area is the $1.24 price per square foot 3Bd/2Ba Up W/D Model at Martinique Terrace in the in the Winchester Village neighborhood starting from $1,614. The second greatest value Winchester Village apartment is the 2 Bed/2.5 Bath Town Home Model at Greenwood Oaks starting at $1,499 with a $1.17 price per square foot in the Tracy Commons neighborhood. Here is today’s list of the best values for Winchester Village apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Martinique Terrace3Bd/2Ba Up W/D3BR,2BA$1.24
Greenwood Oaks2 Bed/2.5 Bath Town Home2BR,2.5BA$1.17
Park Madison Apartments2x2 R-Prem2BR,2BA$1.26
Auburn Place ApartmentsMerlot2BR,1.5BA$1.19
The SycamoresThe Spruce2BR,2BA$1.38
Oak ParkDale - Upgraded2BR,1BA$1.28
Encore Apartments2BR/1.5BA2BR,1.5BA$1.30
The SterlingThe Lexington1BR,1BA$1.32
SOUTHPORT AT BUCK CREEK1 Bedroom1BR,1BA$1.38
5700 Madison Apartments & Edgewood on MadisonEdgewood - Sycamore1BR,1BA$1.32

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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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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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.

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Pet Friendly Lifestyle
Winchester Village, Indianapolis, IN

Ranked #64

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

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Best Local Schools in
Winchester Village, Indianapolis, IN

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals in metropolitan areas across the United States and customized analysis for South Indianapolis. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including rankings of the best places for proximity to parks, luxury amenities, transit availability, pet-friendly communities, multifamily communities for the kids, and much more. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Winchester Village Apartments

What is the Cheapest Studio apartment in Winchester Village?

Currently the most affordable Cheap Studio Apartment in Winchester Village is at Waterbury Apartments listed at $775.

How much is rent for a Cheap One Bedroom Winchester Village Apartment?

The lowest price for a Cheap One Bedroom Winchester Village Apartment is $728 at Windsor Court.

What is the lowest price for a Cheap Two Bedroom Winchester Village Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Winchester Village is starting from $925 at Polo Run Apartments.

What is the most affordable Winchester Village Three Bedroom Apartment?

The best deal on a cheap Winchester Village Three Bedroom Apartment rental is at Berkley Commons and starts from $1,299.

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.

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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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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!