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$658 - $1,432Studio to 2 Bedroom Apartments Available Now
5700 Madison Apartments & Edgewood on Madison
5757 Madison AveIndianapolis, IN 46227
Cheap Apartments for Rent in the Winchester Village Neighborhood of Indianapolis, IN from $550 (48 Rentals)
Search the lowest-cost Apartments available for rent right now in the Winchester Village area of Indianapolis.
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Rent Specials
$749 - $1,6991 to 4 Bedroom Apartments Available Now
Berkley Commons
8201 Madison AveIndianapolis, IN 46227
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$779 - $1,199Studio to 2 Bedroom Apartments Available Now
Sherbrook
8026 McFarland CtIndianapolis, IN 46227
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$890 - $1,1001 to 2 Bedroom Apartments Available Now
Buckridge at Southport
6933 Buckridge West DrIndianapolis, IN 46227
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$900 - $1,2581 to 2 Bedroom Apartments Available Now
Beechmill Apartments
8580 Beechmill LnIndianapolis, IN 46227
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Rent Specials
$910 - $1,4401 to 2 Bedroom Apartments Available Now
Meridian Court South
7266 Lockwood LnIndianapolis, IN 46217
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$917 - $1,7271 to 3 Bedroom Apartments Available Now
SOUTHPORT AT BUCK CREEK
1451 E Southport RdIndianapolis, IN 46227
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$995 - $1,5351 to 2 Bedroom Apartments Available Now
Waterford Place Apartments
1009 Lismore LnIndianapolis, IN 46227
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$999 - $1,0992 Bedroom Apartments Available Now
Greentree Apartments
2524 Tamarack LnIndianapolis, IN 46227
Indy's Innovation Hub: Top Indianapolis Employers and the Neighborhoods that Welcome You Home
Find your dream job and perfect neighborhood in Indy. Discover major companies and the best places to live for young professionals and families, from historic districts to quiet, upscale communities.
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$1,000 - $1,6501 to 3 Bedroom Apartments Available Now
The Sycamores
7913 Ella Dobbs LnIndianapolis, IN 46227
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Rent Specials
$1,069 - $1,9291 to 2 Bedroom Apartments Available Now
Oak Park
2100 E Stop 12 RdIndianapolis, IN 46227
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$1,119 - $1,6141 to 3 Bedroom Apartments Available Now
Martinique Terrace
6789 S East StIndianapolis, IN 46227
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$1,150 - $2,1331 to 3 Bedroom Apartments Available Now
The Timbers Apartments
4545 Scarlet Oak WayIndianapolis, IN 46237
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$1,174 - $1,7501 to 3 Bedroom Apartments Available Now
Autumn Chase
3717 Piermont DrIndianapolis, IN 46227
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$1,190 - $1,7602 to 4 Bedroom Apartments Available Now
Community Place
1201 Community PlIndianapolis, IN 46227
2813 Del Prado Dr
IndianapolisIN46227
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$1,257 - $2,2661 to 2 Bedroom Apartments Available Now
Sundance Apartments
7213 Sundance DrIndianapolis, IN 46237
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$1,325 - $1,997Studio to 2 Bedroom Apartments Available Now
The Jacob
2110 E Southport RdIndianapolis, IN 46227
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
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$1,420 - $1,7602 to 3 Bedroom Apartments Available Now
South Haven Village Apartments
1542 Citrin PlIndianapolis, IN 46227
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1 to 2 Bedroom Apartments
Estate View
6768 S East StIndianapolis, IN 46227
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1 to 2 Bedroom Apartments
Pleasant Creek Apartments
2816 E County Line RdIndianapolis, IN 46227
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1 to 2 Bedroom Apartments
Windsor Court
7302 Queen Anne CtIndianapolis, IN 46227
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Studio to 2 Bedroom Apartments
Encore Apartments
8035 Preidt PlIndianapolis, IN 46237
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Studio to 3 Bedroom Apartments
South & Madison
1819 Madison Village DrIndianapolis, IN 46227
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1 to 2 Bedroom Apartments
The Sterling
8020 Madison AveIndianapolis, IN 46227
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Studio to 3 Bedroom Apartments
Fountain Lake Villas
2220 E Stop 13 RdIndianapolis, IN 46227
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1 to 2 Bedroom Apartments
Grand Oaks
7215 Grand Ritz LnIndianapolis, IN 46237
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.
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1 to 2 Bedroom Apartments
Buffalo Creek Apartments
720 Buffalo Run DrIndianapolis, IN 46227
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1 to 3 Bedroom Apartments
Estates of Creekside Apartments
8055 Crossing DrIndianapolis, IN 46227
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1 to 2 Bedroom Apartments
Brookhaven at County Line Senior Apartments
940 Wild Indigo LnIndianapolis, IN 46227
1520 E Stop 10 Rd
IndianapolisIN46227
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Studio to 2 Bedroom Apartments
Crestwood Village South
8809 Madison AveIndianapolis, IN 46227
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$775 - $1,015Studio to 2 Bedroom Apartments Available Now
Waterbury Apartments
421 Waterbury StGreenwood, IN 46142
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$785 - $1,094Studio to 2 Bedroom Apartments Available Soon
Somerset Place
136 Somerset DrGreenwood, IN 46143
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$800 - $2,423Studio to 3 Bedroom Apartments Available Now
Polo Run Apartments
800 Kings Mill RdGreenwood, IN 46142
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$944 - $1,3941 to 2 Bedroom Apartments Available Now
Courts of Valle Vista
714 Connors DrGreenwood, IN 46143
Winchester Village - One of the Best Affordable Neighborhoods in Indianapolis
Named as one of the Best Affordable Neighborhoods to rent in Indianapolis by our Local Expert Wendy Melton. See how it ranks!
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$952 - $1,5911 to 3 Bedroom Apartments Available Now
Auburn Place
745 Wooddale TerGreenwood, IN 46142
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$1,070 - $1,5251 to 3 Bedroom Apartments Available Now
Westminster Apartments and Townhomes
921 Parliament PlGreenwood, IN 46142
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$1,250 - $1,2752 Bedroom Apartments Available Sep 23
Park Madison Apartments
614 Madison RdGreenwood, IN 46142
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Rent Specials
$1,337 - $3,733
Total Monthly Price
Base Rent$1,337 - $3,733
Total Monthly PriceVaries
The Hangar on Emerson
1140 E Emerson Pointe DrGreenwood, IN 46143
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$1,455 - $2,4951 to 3 Bedroom Apartments Available Now
Maverick Modern Apartments
370 Homestead AveGreenwood, IN 46143
1281 Tree Top Ln
GreenwoodIN46142
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1 to 2 Bedroom Apartments
Blackstone
611 N Meridian StGreenwood, IN 46143
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1 to 2 Bedroom Apartments
Breeza 32 Apartments
622 Wooddale TerGreenwood, IN 46142
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1 Bedroom Apartments
742 Loews Blvd
742 Loews BlvdGreenwood, IN 46142
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
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2 Bedroom Apartments
Meadow Dr Apartments
268 Meadow DrGreenwood, IN 46142
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1 to 2 Bedroom Apartments
Stonehedge Apartments
1563 Stonehedge CtGreenwood, IN 46142
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1 to 3 Bedroom Apartments
Bayshore Apartments
1534 Sandy Bay DrGreenwood, IN 46142
Showing Results 1-48, Page 1 of 1
Winchester Village, Indianapolis, IN Local Guide
How much does it cost to rent an apartment in Winchester Village?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Winchester Village Studio Apartments | $933 | $658 | $1,325 |
| Winchester Village 1 Bedroom Apartments | $1,161 | $876 | $1,650 |
| Winchester Village 2 Bedroom Apartments | $1,373 | $920 | $2,423 |
| Winchester Village 3 Bedroom Apartments | $1,831 | $1,425 | $5,433 |
| Winchester Village 4 Bedroom Apartments | $1,714 | $1,699 | $1,760 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Apartments in this Neighborhood
There are currently 48 rentals with your search options within a 2 mile radius of the Winchester Village Neighborhood of Indianapolis, IN.
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Winchester Village, Indianapolis, IN Local Guide
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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 $658. Berkley Commons has the second lowest priced unit, which is a 1 Bed apartment currently listed from $749. Here are the most affordable Winchester Village apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 5700 Madison Apartments & Edgewood on Madison | Edgewood - Cypress | Studio, 1BA | $658 |
| Berkley Commons | One Bedroom One Bath | 1BR, 1BA | $749 |
| Waterbury Apartments | Studio | Studio, 1BA | $775 |
| Sherbrook | Studio | Studio, 1BA | $779 |
| South & Madison | E2 | Studio, 1BA | $809 |
| 742 Loews Blvd | 1BR/1.0BA | 1BR, 1BA | $875 |
| Buckridge at Southport | 1BR/1.0BA | 1BR, 1BA | $890 |
| Beechmill Apartments | Beech | 1BR, 1BA | $900 |
| Meridian Court South | Villa | 1BR, 1BA | $910 |
| SOUTHPORT AT BUCK CREEK | 1 Bedroom | 1BR, 1BA | $917 |
Best Value Apartments for Rent in Winchester Village, IN
As of September 19, 2026 the best value apartment in the Winchester Village area is the $1.32 price per square foot 3 Bedroom 2.5 Bath Townhome Model at Mansfield Village Townhomes in the Winchester Village neighborhood starting from $2,175. The second greatest value Winchester Village apartment is the 2 Bed/2.5 Bath Town Home Model at Greenwood Oaks in the Tracy Commons neighborhood starting at $1,509 with a $1.17 price per square foot. Here is today’s list of the best values for Winchester Village apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Mansfield Village Townhomes | 3 Bedroom 2.5 Bath Townhome | 3BR, 2.5BA | $1.32 |
| Greenwood Oaks | 2 Bed/2.5 Bath Town Home | 2BR, 2.5BA | $1.17 |
| Park Madison Apartments | Garden Style 2 Bedroom/2 Bath Apartments | 2BR, 2BA | $1.09 |
| Oak Park | B3 Oak Glen Upgrade | 2BR, 1BA | $1.17 |
| Auburn Place | 2 Bedroom 1.5 Bath | 2BR, 1.5BA | $1.15 |
| Windsor Court | Two Bedroom Two Bathroom (C3M) | 2BR, 2BA | $1.15 |
| SOUTHPORT AT BUCK CREEK | 2 Bedroom | 2BR, 1BA | $1.11 |
| Martinique Terrace | 1 Bed/1 Ba Up Mini W/D | 1BR, 1BA | $1.34 |
| The Sterling | The Lexington | 1BR, 1BA | $1.22 |
| Buckridge at Southport | 1BR/1.0BA | 1BR, 1BA | $1.24 |
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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Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
Read ArticleYour 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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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 LifestyleWinchester Village, Indianapolis, IN
Ranked #93
Among cities in Indiana for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
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 5700 Madison Apartments & Edgewood on Madison listed at $658.
How much is rent for a Cheap One Bedroom Winchester Village Apartment?
The lowest price for a Cheap One Bedroom Winchester Village Apartment is $749 at Berkley Commons.
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 $995 at Buckridge at Southport.
What is the most affordable Winchester Village Three Bedroom Apartment?
The best deal on a cheap Winchester Village Three Bedroom Apartment rental is at South & Madison and starts from $1,263.
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
Welcome to Indy: A Local Expert's Guide to the City's Best Short-Term Rental Neighborhoods
Written by: Wendy Melton
My name is Wendy, and I am the local expert for ApartmentHomeLiving.com in the Indianapolis area. Being born and raised in Indiana, I know the true meaning of Hoosier hospitality.
Indys Innovation Hub: Top Indianapolis Employers and the Neighborhoods that Welcome You Home
Written by: Wendy Melton
Indianapolis is truly the heart of the Midwest. No matter what career path you choose, opportunities for advancement are everywhere.
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.
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.
Articles, How-To's, and Tips
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
How Commercial-to-Residential Property Conversions Help the Housing Crisis
Written by: Robin Stewart
Many housing markets throughout America share a common complaint: a lack of affordable rental properties.
Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.