Cheap Apartments for Rent in the Clearwater Neighborhood of Indianapolis, IN from $800 (10 Rentals)

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

Clearwater

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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Clearwater, Indianapolis, IN Local Guide

Cheapest Available Clearwater Apartments for Rent

 

The cheapest available apartment rental in the Clearwater area of Indianapolis, IN is a 1 Bed unit found at Riverbend Apartments priced from $972. A/62 has the second lowest priced unit, which is a 1 Bed apartment currently listed from $975. Here are the most affordable Clearwater apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Riverbend ApartmentsMadrid1BR,1BA$972
A/62LePetit Luxe1BR,1BA$975
TGM Autumn WoodsA11BR,1BA$999

Best Value Apartments for Rent in Clearwater, IN

As of March 26, 2025 the best value apartment in the Clearwater area is the $1.30 price per square foot Dew Model at Solana Apartments in the in the Nora neighborhood starting from $1,999. The second greatest value Clearwater apartment is the 2Bd/2Ba Dn W/D Model at Ivy Knoll Apartments starting at $1,399 with a $1.17 price per square foot in the Roxbury neighborhood. Here is today’s list of the best values for Clearwater apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Solana ApartmentsDew3BR,2BA$1.30
Ivy Knoll Apartments2Bd/2Ba Dn W/D2BR,2BA$1.17
Riverbend ApartmentsDublin1BR,1BA$1.69
Fountain ParcThe Wealth1BR,1BA$1.65
TGM Autumn WoodsA21BR,1BA$1.42
Lake Clearwater ApartmentsHeron1BR,1BA$1.93
TGM Avalon LakeA21BR,1BA$1.76
A/62LePetit1BR,1BA$1.51

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Pet Friendly Lifestyle
Clearwater, Indianapolis, IN

Ranked #167

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 Clearwater Neighborhood in Indianapolis, IN

Walk Score®

59 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

47 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

22 / 100

Minimal Transit

It may be possible to get on a bus

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 Clearwater Apartments

What is the price of a cheap apartment in Clearwater?

The cheapest apartment in Clearwater is Riverbend Apartments which is listed at $972, while the average apartment in Clearwater costs $1,930.

What types of apartments are the cheapest in Clearwater?

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 119 regular apartments in Clearwater 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 Clearwater?

Cheap apartments in Clearwater have an average cost of $219 which is $1,711 cheaper than the average rent for all rentals in Clearwater.

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.