
Cheap Apartments for Rent in the Devonshire Neighborhood of Indianapolis, IN from $300 (10 Rentals)
Search the lowest-cost Apartments available for rent right now in the Devonshire area of Indianapolis.


Lake Castleton

A/62

Veridian Castleton

TGM Autumn Woods

Chateau in the Woods

Castleton Manor Apartments

TGM Shadeland Station

TGM Avalon Lake
Devonshire
Named as one of the Best Affordable Neighborhoods to rent in Indianapolis by our Local Expert Wendy Melton. See how it ranks!
Devonshire, Indianapolis, IN Local Guide

How much does it cost to rent an apartment in Devonshire?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Devonshire Studio Apartments | $988 | $947 | $1,065 |
Devonshire 1 Bedroom Apartments | $1,298 | $307 | $2,643 |
Devonshire 2 Bedroom Apartments | $1,504 | $1,128 | $2,937 |
Devonshire 3 Bedroom Apartments | $1,996 | $1,450 | $3,557 |
Browse Apartments in this Neighborhood
There are currently 10 rentals with your search options within a 2 mile radius of the Devonshire Neighborhood of Indianapolis, IN.
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Devonshire, Indianapolis, IN Local Guide
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Cheapest Available Devonshire Apartments for Rent
 The cheapest available apartment rental in the Devonshire area of Indianapolis, IN is a Studio unit found at Lake Castleton priced from $971. A/62 has the second lowest priced unit, which is a 1 Bed apartment currently listed from $975. Here are the most affordable Devonshire apartments for rent in Indianapolis, IN:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Lake Castleton | Capital | Studio,1BA | $971 |
A/62 | LePetit Luxe | 1BR,1BA | $975 |
TGM Autumn Woods | A1 | 1BR,1BA | $999 |
Best Value Apartments for Rent in Devonshire, IN
As of March 22, 2025 the best value apartment in the Devonshire area is the $1.13 price per square foot B4 - Townhome Model at Veridian Castleton in the in the Allisonville neighborhood starting from $1,403. The second greatest value Devonshire 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 Devonshire apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Veridian Castleton | B4 - Townhome | 2BR,1.5BA | $1.13 |
Ivy Knoll Apartments | 2Bd/2Ba Dn W/D | 2BR,2BA | $1.17 |
Fountain Parc | The Geneva | 2BR,1.5BA | $1.34 |
The Residences on 56th Street | Kensington | 2BR,1.5BA | $1.38 |
A/62 | DuMonde Luxe | 2BR,1BA | $1.56 |
Castleton Manor Apartments | The Banyan | 1BR,1.5BA | $1.33 |
TGM Autumn Woods | A2 | 1BR,1BA | $1.42 |
Chateau in the Woods | 1 Bd/1 Ba Sm ABY | 1BR,1BA | $1.46 |
TGM Shadeland Station | A1 | 1BR,1BA | $1.53 |
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 LifestyleDevonshire, Indianapolis, IN
Ranked #120
Among neighborhoods in Indianapolis, IN for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Getting Around the Devonshire Neighborhood in Indianapolis, IN
Walk Score®
49 / 100
Car-Dependent
Most errands require a car
Bike Score®
46 / 100
Somewhat Bikeable
Minimal bike infrastructure
Transit Score®
15 / 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 Devonshire Apartments
What is a cheap apartment in Devonshire?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Devonshire is under $1,295.
What is the price of a cheap apartment in Devonshire?
The cheapest apartment in Devonshire is A/62 which is listed at $975, while the average apartment in Devonshire costs $1,817.
What types of apartments are the cheapest in Devonshire?
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 102 regular apartments in Devonshire 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 Devonshire?
Cheap apartments in Devonshire have an average cost of $205 which is $1,612 cheaper than the average rent for all rentals in Devonshire.
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.

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.

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.

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.