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


Riverbend Apartments

A/62
Navigating the Rental Market: Tips for First-Time Renters
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TGM Avalon Lake

TGM Autumn Woods

Solana Apartments
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Fountain Parc

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Lake Clearwater Apartments
Clearwater - One of the Best Affordable Neighborhoods in Indianapolis
Named as one of the Best Affordable Neighborhoods to rent in Indianapolis by our Local Expert Wendy Melton. See how it ranks!

Ivy Knoll Apartments
Clearwater, Indianapolis, IN Local Guide

How much does it cost to rent an apartment in Clearwater?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Clearwater Studio Apartments | $1,336 | $1,298 | $1,375 |
Clearwater 1 Bedroom Apartments | $1,317 | $850 | $1,950 |
Clearwater 2 Bedroom Apartments | $1,654 | $1,105 | $2,633 |
Clearwater 3 Bedroom Apartments | $2,296 | $1,650 | $3,431 |
Browse Apartments in this Neighborhood
There are currently 10 rentals with your search options within a 2 mile radius of the Clearwater Neighborhood of Indianapolis, IN.
See all Apartments in IndianapolisExplore Indianapolis
Clearwater, Indianapolis, IN Local Guide
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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 River Road Apartments priced from $860. Riverbend Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $972. Here are the most affordable Clearwater apartments for rent in Indianapolis, IN:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
River Road Apartments | Hideaway | 1BR,1BA | $860 |
Riverbend Apartments | Athens | 1BR,1BA | $972 |
A/62 | LePetit | 1BR,1BA | $975 |
Best Value Apartments for Rent in Clearwater, IN
As of May 04, 2025 the best value apartment in the Clearwater area is the $1.33 price per square foot Amber Model at Solana Apartments in the in the Nora neighborhood starting from $1,700. The second greatest value Clearwater apartment is the 2Bd/2Ba Up W/D Model at Ivy Knoll Apartments starting at $1,349 with a $1.13 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Solana Apartments | Amber | 2BR,2BA | $1.33 |
Ivy Knoll Apartments | 2Bd/2Ba Up W/D | 2BR,2BA | $1.13 |
Somerset Lakes | Leisure: One Bedroom Apartment With Den | 1BR,1BA | $1.27 |
Riverbend Apartments | Dublin | 1BR,1BA | $1.69 |
Fountain Parc | The Wealth | 1BR,1BA | $1.65 |
TGM Autumn Woods | A2 | 1BR,1BA | $1.48 |
Lake Clearwater Apartments | Heron | 1BR,1BA | $1.93 |
River Road Apartments | Resort | 1BR,1BA | $1.48 |
A/62 | LePetit Luxe | 1BR,1BA | $1.70 |
TGM Avalon Lake | A2 | 1BR,1BA | $1.76 |
Quick Rent Budget Calculator
How much rent can you afford?
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.
Pet Friendly LifestyleClearwater, Indianapolis, IN
Ranked #167
Among neighborhoods in Indianapolis, IN for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
2.5Pet Friendly
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 River Road Apartments which is listed at $860, while the average apartment in Clearwater costs $1,988.
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 6 regular apartments in Clearwater 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.

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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Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

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

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.