Cheap Apartments for Rent in the Arden Neighborhood of Indianapolis, IN from $700 (16 Rentals)

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

Arden

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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Monon Walk Apartments
Studio to 1 Bedroom Apartments

Monon Walk Apartments

6115 Winthrop AveIndianapolis, IN 46220
  • Utilities Included
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Arden, Indianapolis, IN Local Guide

Cheapest Available Arden Apartments for Rent

 

The cheapest available apartment rental in the Arden area of Indianapolis, IN is a Studio unit found at The Hub at Nora priced from $750. Reflections Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $844. Here are the most affordable Arden apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
The Hub at NoraStudio - 441 Sq FtStudio,1BA$750
Reflections ApartmentsExpressionsStudio,1BA$844
The Meridian North and SouthA1S North1BR,1BA$849
Wellington Square Apartments1BR/1BA1BR,1BA$926
Jade North ApartmentsPlan G1BR,1BA$950

Best Value Apartments for Rent in Arden, IN

As of April 14, 2025 the best value apartment in the Arden area is the $1.19 price per square foot 2 Bed, 2.5 Bath, 2 car Garage Townhome Model at Townes at Winthrop in the in the Warfleigh neighborhood starting from $2,200. The second greatest value Arden apartment is the Iris Model at Everly at Meridian Hills starting at $1,379 with a $1.15 price per square foot in the Faith Knoll neighborhood. Here is today’s list of the best values for Arden apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Townes at Winthrop2 Bed, 2.5 Bath, 2 car Garage Townhome2BR,2.5BA$1.19
Everly at Meridian HillsIris2BR,1BA$1.15
Solana ApartmentsBrook2BR,2BA$1.37
The Win7179B12BR,2.5BA$1.86
Edison at Meridian Hills2 Bedroom 1 Bath2BR,1BA$1.43
Broad Ripple ApartmentsWilrene Townhome2BR,1BA$1.77
Shore AcresMonon1BR,1BA$1.78
Jade North ApartmentsPlan G1BR,1BA$1.29
The Ripple1 Bedroom 1 Bath - Font side1BR,1BA$1.80
Wellington Square Apartments1BR/1BA1BR,1BA$1.35

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Pet Friendly Lifestyle
Arden, Indianapolis, IN

Ranked #69

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

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Lifestyle Ratings

ApartmentHomeLiving brings you Lifestyle Ratings of rentals and neighborhoods across the USA, including Indianapolis. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including filtering automatically for outdoor amenities like tennis courts, luxury housing options, family-friendly amenities, raising pets, transit options, in addition to floorplans, availablity, and pricing. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Arden Apartments

What is the Cheapest Studio apartment in Arden?

Currently the most affordable Cheap Studio Apartment in Arden is at The Hub at Nora listed at $750.

How much is rent for a Cheap One Bedroom Arden Apartment?

The lowest price for a Cheap One Bedroom Arden Apartment is $839 at The Meridian North and South.

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

Today's best deal for a Cheap Two Bedroom Apartment in Arden is starting from $865 at The Hub at Nora.

What is the most affordable Arden Three Bedroom Apartment?

The best deal on a cheap Arden Three Bedroom Apartment rental is at The Meridian North and South and starts from $1,319.

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.

decorative image for A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Indianapolis article

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.