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.

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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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The Sterling
1 to 2 Bedroom Apartments

The Sterling

8020 Madison AveIndianapolis, IN 46227

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Fountain Lake Villas
Studio to 3 Bedroom Apartments

Fountain Lake Villas

2220 E Stop 13 RdIndianapolis, IN 46227
Senior Living

Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods

Discover the heart of the Midwest! Learn about popular Indianapolis neighborhoods to rent like Speedway and Eagledale, plus top universities and can't-miss places to eat.

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 Studio unit found at 5700 Madison Apartments & Edgewood on Madison priced from $695. 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
5700 Madison Apartments & Edgewood on MadisonEdgewood - LoftStudio,1BA$695
Waterbury ApartmentsStudioStudio,1BA$775
SherbrookStudioStudio,1BA$799
Polo Run ApartmentsThe Shetland StudioStudio,1BA$801
SOUTHPORT AT BUCK CREEK1 Bedroom1BR,1BA$849

Best Value Apartments for Rent in Winchester Village, IN

As of January 22, 2026 the best value apartment in the Winchester Village area is the $1.24 price per square foot 2 Bedroom 1.5 Bath Townhome Model at Mansfield Village Townhomes in the in the Winchester Village neighborhood starting from $1,650. The second greatest value Winchester Village apartment is the 3Bd/2Ba Up W/D Model at Martinique Terrace starting at $1,614 with a $1.24 price per square foot in the Winchester Village 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.
Mansfield Village Townhomes2 Bedroom 1.5 Bath Townhome2BR,1.5BA$1.24
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
Stonehedge ApartmentsThe Luna2BR,1BA$1.24
Oak ParkDale - Upgraded2BR,1BA$1.28
Encore Apartments2BR/1.5BA2BR,1.5BA$1.30
SOUTHPORT AT BUCK CREEK2 Bedroom2BR,1BA$1.27
Berkley CommonsTwo Bedroom One Bath2BR,1BA$1.31
The SterlingThe Lexington1BR,1BA$1.18

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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 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 5700 Madison Apartments & Edgewood on Madison listed at $695.

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

The lowest price for a Cheap One Bedroom Winchester Village Apartment is $849 at SOUTHPORT AT BUCK CREEK.

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 $950 at The Sterling.

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

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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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.

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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.