Cheap Apartments for Rent in the 16 Tech Neighborhood of Indianapolis, IN from $600 (14 Rentals)

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Search the lowest-cost Apartments available for rent right now in the 16 Tech area of Indianapolis.

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16 Tech, Indianapolis, IN Local Guide

Cheapest Available 16 Tech Apartments for Rent

 

The cheapest available apartment rental in the 16 Tech area of Indianapolis, IN is a 1 Bed unit found at Lockefield Gardens priced from $981. River West Flats has the second lowest priced unit, which is a Studio apartment currently listed from $999. Here are the most affordable 16 Tech apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Lockefield GardensStandard One Bedroom (S1) 1BR,1BA$981
River West FlatsStudioStudio,1BA$999
Stadium Lofts & FlatsType 71BR,1BA$1,127
Ralston ApartmentsMagnolia1BR,1BA$1,165
9 on CanalStockholm1BR,1BA$1,195

Best Value Apartments for Rent in 16 Tech, IN

As of March 26, 2025 the best value apartment in the 16 Tech area is the $1.24 price per square foot 3 Bedroom 2 Bath Model at The Block in the in the Riley neighborhood starting from $2,199. The second greatest value 16 Tech apartment is the Lilac Model at Ralston Apartments starting at $1,579 with a $1.66 price per square foot in the Near North Indianapolis neighborhood. Here is today’s list of the best values for 16 Tech apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Block3 Bedroom 2 Bath3BR,2BA$1.24
Ralston ApartmentsLilac2BR,2BA$1.66
Vanguard at 16 TechB42BR,1BA$2.09
Cosmopolitan on the CanalZurich1BR,1BA$1.96
Stadium Lofts & FlatsType 71BR,1BA$2.05
9 on CanalManchester1BR,1BA$2.49
Lockefield GardensStandard One Bedroom (S1) 1BR,1BA$1.83
Canal SquareArch II1BR,1BA$2.62
River West FlatsStudioStudio ,1BA$2.19
Vivio on 10thS1 - StudioStudio ,1BA$2.88

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Pet Friendly Lifestyle
16 Tech, Indianapolis, IN

Ranked #86

Among neighborhoods in Indianapolis, IN for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Getting Around the 16 Tech Neighborhood in Indianapolis, IN

Walk Score®

45 / 100

Car-Dependent

Most errands require a car

Bike Score®

55 / 100

Bikeable

Some bike infrastructure

Transit Score®

40 / 100

Some Transit

A few nearby public transportation options

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap 16 Tech Apartments

What is a cheap apartment in 16 Tech?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in 16 Tech is under $1,539.

What is the price of a cheap apartment in 16 Tech?

The cheapest apartment in 16 Tech is Lockefield Gardens which is listed at $981, while the average apartment in 16 Tech costs $1,946.

What types of apartments are the cheapest in 16 Tech?

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 617 regular apartments in 16 Tech 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 16 Tech?

Cheap apartments in 16 Tech have an average cost of $529 which is $1,417 cheaper than the average rent for all rentals in 16 Tech.

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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Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.