Cheap Apartments for Rent in the Devon Neighborhood of Indianapolis, IN from $400 (31 Rentals)

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

Devon

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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Sherman Forest
Studio to 4 Bedroom Apartments

Sherman Forest

3615 Sherman Forest DrIndianapolis, IN 46205
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3825 N Whittier Pl
1 Bedroom Apartments

3825 N Whittier Pl

3825 N Whittier PlIndianapolis, IN 46226
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Heritage Apartments
1 to 2 Bedroom Apartments

Heritage Apartments

4111 C2 Stonecrest CtIndianapolis, IN 46229
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Showing Results 1-31, Page 1 of 1

Devon, Indianapolis, IN Local Guide

Cheapest Available Devon Apartments for Rent

 

The cheapest available apartment rental in the Devon area of Indianapolis, IN is a 1 Bed unit found at East Village at Avondale Meadows Apartments priced from $635. Glenstone Studios has the second lowest priced unit, which is a Studio apartment currently listed from $649. Here are the most affordable Devon apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
East Village at Avondale Meadows ApartmentsA11BR,1BA$635
Glenstone StudiosStudioStudio,1BA$649
Kingston Square ApartmentsThe AshStudio,1BA$879
Chateau De VilleBordeauxStudio,1BA$891
Williamsburg NorthAshland1BR,1BA$900
Trails at LakesideVictoria1BR,1BA$950
A/62LePetit Luxe1BR,1BA$974
Brockton Apartments & TownhomesVL1 .11BR,1BA$1,024
TGM Avalon LakeA11BR,1BA$1,036
Chateau in the Woods1 Bd/1 Ba Sm ABY1BR,1BA$1,044

Best Value Apartments for Rent in Devon, IN

As of April 14, 2025 the best value apartment in the Devon area is the $1.14 price per square foot 2 Bed/2Ba Den W/D Up Model at Fallwood in the in the United Northeast neighborhood starting from $1,481. The second greatest value Devon apartment is the The Hideaway Model at Harbour Pointe starting at $1,189 with a $1.40 price per square foot in the Mapelton neighborhood. Here is today’s list of the best values for Devon apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Fallwood2 Bed/2Ba Den W/D Up2BR,2BA$1.14
Harbour PointeThe Hideaway1BR,1BA$1.40
Willow BrookTwo Bedroom One Bath2BR,1BA$1.37
Williamsburg NorthAshland1BR,1BA$1.14
East Village at Avondale Meadows ApartmentsA21BR,1BA$1.32
The Meadows1 Bedroom 730sf1BR,1BA$1.60
Chateau in the Woods1 Bd/1 Ba Sm ABY1BR,1BA$1.47
Brockton Apartments & TownhomesWD1.11BR,1BA$1.57
A/62LePetit1BR,1BA$1.51
Trails at LakesideVictoria1BR,1BA$1.60

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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Pet Friendly Lifestyle
Devon, Indianapolis, IN

Ranked #121

Among neighborhoods in Indianapolis, IN for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Getting Around the Devon Neighborhood in Indianapolis, IN

Walk Score®

17 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

35 / 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 Devon Apartments

What is a cheap apartment in Devon?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Devon is under $1,044.

What is the price of a cheap apartment in Devon?

The cheapest apartment in Devon is East Village at Avondale Meadows Apartments which is listed at $635, while the average apartment in Devon costs $1,573.

What types of apartments are the cheapest in Devon?

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 14 regular apartments in Devon 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 Devon?

Cheap apartments in Devon have an average cost of $233 which is $1,340 cheaper than the average rent for all rentals in Devon.

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.