Cheap Apartments for Rent in the Circle City Neighborhood of Indianapolis, IN from $400 (99 Rentals)

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

Circle City

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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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 $690. 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 40%1BR,1BA$690
St. Agnes Apartments*Studio- LoftStudio,1BA$740
The Seminole1br1BR,1BA$833
Devonshire Apartments in Downtown Indianapolis1BR/1.0BA1BR,1BA$840
Priscilla on PennsylvaniaStudioStudio,1BA$875
Artistry IndyEdie (EcoSuite)Studio,1BA$878
Van DykeVan Dyke Studio 463Studio,1BA$970
Circle City ApartmentsVan Dyke Studio 463Studio,1BA$970
Lockefield GardensStandard One Bedroom (S1) 1BR,1BA$991

Best Value Apartments for Rent in Circle City, IN

As of April 09, 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 $1,543 with a $1.29 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$1.29
Indy Colonial ApartmentsTwo Bedroom2BR,1BA$1.36
Penn Street Tower ApartmentsSenate2BR,1BA$1.37
707 NorthThe Lockerbie 60%2BR,2BA$1.31
Lockerbie Flats1 Bedroom1BR,2BA$1.48
Indiana Flats and Townhomes2 x 12BR,1BA$1.49
The Seminole1br1BR,1BA$1.13
1010 CentralGarage 60%1BR,1BA$1.58
College Manor1 BR1BR,1BA$1.57

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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 the Cheapest Studio apartment in Circle City?

Currently the most affordable Cheap Studio Apartment in Circle City is at Illinois Street Senior Apartments listed at $462.

How much is rent for a Cheap One Bedroom Circle City Apartment?

The lowest price for a Cheap One Bedroom Circle City Apartment is $690 at 1010 Central.

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

Today's best deal for a Cheap Two Bedroom Apartment in Circle City is starting from $1,095 at Indiana Flats and Townhomes.

What is the most affordable Circle City Three Bedroom Apartment?

The best deal on a cheap Circle City Three Bedroom Apartment rental is at Artistry Indy and starts from $2,151.

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.