Cheap Apartments for Rent in the Circle City Neighborhood of Indianapolis, IN from $500 (95 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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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 1 Bed unit found at Kennedy Apartments priced from $559. The Seminole has the second lowest priced unit, which is a 1 Bed apartment currently listed from $833. Here are the most affordable Circle City apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Kennedy Apartments1 Bed 1 Bath1BR,1BA$559
The Seminole1br1BR,1BA$833
Priscilla on PennsylvaniaStudioStudio,1BA$875
Circle City ApartmentsWinterhouse Studio 389Studio,1BA$910
Van DykeVan Dyke Studio 463Studio,1BA$970
Utomin Apartments2 Bedroon2BR,1BA$975
Lockefield GardensStandard One Bedroom (SR4)1BR,1BA$989
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 April 29, 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
Penn Street Tower ApartmentsSenate: Floors 10-122BR,1BA$1.37
Lockerbie Flats1 Bedroom1BR,2BA$1.48
RaleighRaleigh 1BTH 8861BR,2BA$1.42
The Seminole1br1BR,1BA$1.13
1010 CentralDepot 60%1BR,1BA$1.59
Illinois Street Senior Apartments1BR 1A 60%1BR,1BA$1.55
College Manor1 BR1BR,1BA$1.57
Utomin Apartments2 Bedroon2BR,1BA$1.50

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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 Kennedy Apartments which is listed at $559, while the average apartment in Circle City costs $2,376.

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 15 regular apartments in Circle City that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

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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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

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As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.