Cheap Apartments for Rent in the Winchester Village Neighborhood of Indianapolis, IN from $300 (17 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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Estate View
1 to 2 Bedroom Apartments

Estate View

6768 S East StIndianapolis, IN 46227
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Pleasant Creek Apartments
Studio to 2 Bedroom Apartments

Pleasant Creek Apartments

2816 E County Line RdIndianapolis, IN 46227
  • Utilities Included
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Windsor Court
1 to 2 Bedroom Apartments

Windsor Court

7302 Queen Anne CtIndianapolis, IN 46227
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South & Madison
Studio to 3 Bedroom Apartments

South & Madison

1819 Madison Village DrIndianapolis, IN 46227

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The Sterling
1 to 2 Bedroom Apartments

The Sterling

8020 Madison AveIndianapolis, IN 46227
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Main Street Commons
1 to 2 Bedroom Apartments

Main Street Commons

635 E Main StGreenwood, IN 46143
Senior Living
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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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Blackstone
1 to 2 Bedroom Apartments

Blackstone

611 N Meridian StGreenwood, IN 46143
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Breeza 32 Apartments
1 to 2 Bedroom Apartments

Breeza 32 Apartments

622 Wooddale TerGreenwood, IN 46142
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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 Studio unit found at Sherbrook priced from $729. 5700 Madison Apartments & Edgewood on Madison has the second lowest priced unit, which is a Studio apartment currently listed from $740. Here are the most affordable Winchester Village apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
SherbrookStudioStudio,1BA$729
5700 Madison Apartments & Edgewood on MadisonEdgewood - CypressStudio,1BA$740
Waterbury ApartmentsStudioStudio,1BA$775
Windsor CourtStandard One Bedroom (SN2)1BR,1BA$796
South & MadisonE2Studio,1BA$809

Best Value Apartments for Rent in Winchester Village, IN

As of March 11, 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 2 Bed/2.5 Bath Town Home Model at Greenwood Oaks starting at $1,399 with a $1.09 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.
Mansfield Village Townhomes2 Bedroom 1.5 Bath Townhome2BR,1.5BA$1.24
Greenwood Oaks2 Bed/2.5 Bath Town Home2BR,2.5BA$1.09
Park Madison Apartments2x2 R-Prem2BR,2BA$1.13
Stonehedge ApartmentsThe Luna2BR,1BA$1.24
Oak ParkTimber - Upgraded2BR,1BA$1.21
South & MadisonB22BR,1BA$1.19
Martinique Terrace1Bd/1Ba-Dn Mini W/D1BR,1BA$1.18
The SterlingThe Lexington1BR,1BA$1.18
Buckridge at Southport1BR/1.0BA1BR,1BA$1.24
SOUTHPORT AT BUCK CREEK1 Bedroom1BR,1BA$1.30

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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 Sherbrook listed at $729.

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

The lowest price for a Cheap One Bedroom Winchester Village Apartment is $830 at South & Madison.

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 $935 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 Greentree Apartments and starts from $1,329.

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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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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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.