Cheap Homes for Rent in Devon Neighborhood of Indianapolis, IN from $600 (12 Rentals)

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

Devon, Indianapolis, IN Local Guide

Cheapest Neighborhoods for Apartments in Devon, IN

Pricing Updated: 03/20/2025

Current apartment rentals in the Devon, IN area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Devon Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units

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 5329 Hedgerow Dr priced from $411. East Village at Avondale Meadows Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $635. Here are the most affordable Devon apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
5329 Hedgerow Dr5329 Hedgerow Dr1BR,1BA$411
East Village at Avondale Meadows ApartmentsA11BR,1BA$635
Glenstone StudiosStudioStudio,1BA$699
Kingston Square ApartmentsThe AshStudio,1BA$879
Brockton Apartments & TownhomesStudioStudio,1BA$884

Best Value Apartments for Rent in Devon, IN

As of March 21, 2025 the best value apartment in the Devon area is the $1.13 price per square foot 2 Bed/2Ba Den W/D Up Model at Fallwood in the in the United Northeast neighborhood starting from $1,467. The second greatest value Devon apartment is the 6125 Roselawn Dr Model at 6125 Roselawn Dr starting at $1,399 with a $1.10 price per square foot in the Southeast Indianapolis 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$1.13
6125 Roselawn Dr6125 Roselawn Dr4BR,1BA$1.10
Prairies Apartments3 Bedroom 1.5 Bath Apartment3BR,1.5BA$1.23
5326 Winston Pl5326 Winston Pl4BR,2BA$1.13
Fountain ParcThe Paris2BR,2BA$1.41
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
Chateau in the Woods1 Bd/1 Ba Sm ABY1BR,1BA$1.46

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Frequently Asked Questions about Devon

What type of rentals are currently available in Devon?

There are currently 83 Apartments for Rent in Devon, IN with pricing that ranges from $411 to $4,624. There are also 28 Single Family Homes for rent, Condos, and Townhome rentals currently available in Devon ranging from $600 to $2,350.

What is the current price range for Rental Homes in Devon?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Devon ranges from $600 to $2,350 with an average monthly rent of $1,330.

How much are larger Three and Four Bedroom Rentals in Devon?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Devon range from $1,350 to $3,130, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,000 to $2,100. Four Bedroom Single-Family rentals are also available starting from $1,445 and Four Bedroom Apartments start at $1,700.

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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What to Know About Fees and Fines When Renting

Written by: Trey Huguley

When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

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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.