Cheap Apartments for Rent in the Circle City Neighborhood of Indianapolis, IN from $400 (75 Rentals)

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

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The Seminole
Rent Specials
from $8331 Bedroom Apartments Available Now

The Seminole

920 N Alabama StIndianapolis, IN 46202
Transit Friendly
  • Verified
  • Utilities Included
  • Low Income
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The Washington
from $8501 Bedroom Apartments Available Jun 12

The Washington

1401 N Pennsylvania StIndianapolis, IN 46202
Affordability
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  • Utilities Included
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Utomin Apartments
from $9001 to 2 Bedroom Apartments Available Apr 9

Utomin Apartments

658 E 11th StIndianapolis, IN 46202
Transit Friendly
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  • Customer Reviewed
  • Utilities Included
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College Manor
Rent Specials
from $1,0501 Bedroom Apartments Available Now

College Manor

1450 N College AveIndianapolis, IN 46202
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1010 Central
1 to 2 Bedroom Apartments

1010 Central

1010 Central AveIndianapolis, IN 46202
  • Utilities Included
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16 Park Apartments
1 to 4 Bedroom Apartments

16 Park Apartments

1621 N Park AveIndianapolis, IN 46202
  • Utilities Included
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Rotherwood
Studio to 2 Bedroom Apartments

Rotherwood

1503 N Pennsylvania StIndianapolis, IN 46202
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Windsor
Studio to 1 Bedroom Apartments

Windsor

1235 N Delaware StIndianapolis, IN 46202
  • Utilities Included
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The Jordan
Studio to 1 Bedroom Apartments

The Jordan

1445 N Delaware StIndianapolis, IN 46202
  • Utilities Included
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Barbee
1 Bedroom Apartments

Barbee

1215 N Pennsylvania StIndianapolis, IN 46202
  • Utilities Included
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Victoria Apartments
Studio Apartments

Victoria Apartments

1244 N Illinois StIndianapolis, IN 46202
  • Utilities Included
Showing Results 1-50, Page 1 of 2

Circle City, Indianapolis, IN Local Guide

Cheapest Available Circle City Apartments for Rent

 

The cheapest available apartment rental in the Circle City area of Indianapolis, IN is a Studio unit found at Illinois Street Senior Apartments priced from $462. 1010 Central has the second lowest priced unit, which is a 1 Bed apartment currently listed from $497. Here are the most affordable Circle City apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Illinois Street Senior ApartmentsStudio 3 30%Studio,1BA$462
1010 CentralLoft 30%1BR,1BA$497
St. Agnes Apartments*Studio- LoftStudio,1BA$740
The Seminole1br1BR,1BA$833
Priscilla on PennsylvaniaStudioStudio,1BA$875
Lockefield GardensStandard One Bedroom (S1) 1BR,1BA$981
Circle City ApartmentsWinterhouse Studio 402Studio,1BA$985
River West FlatsStudioStudio,1BA$999
Senate Manor1.1 Ap1BR,1BA$1,005
800 CapitolImprint 60%1BR,1BA$1,005

Best Value Apartments for Rent in Circle City, IN

As of March 23, 2025 the best value apartment in the Circle City 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 Circle City apartment is the Two Bedroom Two Bath (1,184 - 1,194 Square Feet) Model at Gardens of Canal Court starting at $1,533 with a $1.28 price per square foot in the Near North Indianapolis neighborhood. Here is today’s list of the best values for Circle City apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Block3 Bedroom 2 Bath3BR,2BA$1.24
Gardens of Canal CourtTwo Bedroom Two Bath (1,184 - 1,194 Square Feet)2BR,2BA$1.28
Maxwell ApartmentsLondon2BR,2BA$1.47
707 NorthThe Lockerbie 60%2BR,2BA$1.31
Lockerbie FlatsStudioStudio ,1BA$1.43
The Seminole1br1BR,1BA$1.13
1010 CentralLoft 60%1BR,1BA$1.52
537 Fletcher Ave, Unit 4537 Fletcher Ave1BR,1BA$1.57
College Manor1 Br1BR,1BA$1.57
Illinois Street Senior ApartmentsStudio 1 40%Studio ,1BA$1.59

Quick Rent Budget Calculator

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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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Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental search system called 'Lifestyle ratings', composed of rentals in cities and towns across the United States, including Indianapolis. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including our Star Ratings to compare for the best outdoor access, luxury amenities, family-friendly amenities, raising pets, transit options, and other valuable search options. These search options are in the site filters at the top of this page.

Getting Around the Circle City Neighborhood in Indianapolis, IN

Walk Score®

87 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

95 / 100

Biker's Paradise

Daily errands can be accomplished on a bike

Transit Score®

62 / 100

Good Transit

Many 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 Circle City Apartments

What is a cheap apartment in Circle City?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Circle City is under $1,005.

What is the price of a cheap apartment in Circle City?

The cheapest apartment in Circle City is 1010 Central which is listed at $497, while the average apartment in Circle City costs $2,400.

What types of apartments are the cheapest in Circle City?

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 332 regular apartments in Circle City 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 Circle City?

Cheap apartments in Circle City have an average cost of $791 which is $1,609 cheaper than the average rent for all rentals in Circle City.

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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What to Know About Fees and Fines When Renting

Written by: Trey Huguley

When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

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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.