Cheap Apartments for Rent in the Devonshire Neighborhood of Indianapolis, IN from $300 (10 Rentals)

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

property at 7818 Knue Rd

7818 Knue Rd

IndianapolisIN46250

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

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 ListingModel NameBed/BathPriced From
Lake CastletonCapitalStudio,1BA$971
A/62LePetit Luxe1BR,1BA$975
TGM Autumn WoodsA11BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Veridian CastletonB4 - Townhome2BR,1.5BA$1.13
Ivy Knoll Apartments2Bd/2Ba Dn W/D2BR,2BA$1.17
Fountain ParcThe Geneva2BR,1.5BA$1.34
The Residences on 56th StreetKensington2BR,1.5BA$1.38
A/62DuMonde Luxe2BR,1BA$1.56
Castleton Manor ApartmentsThe Banyan1BR,1.5BA$1.33
TGM Autumn WoodsA21BR,1BA$1.42
Chateau in the Woods1 Bd/1 Ba Sm ABY1BR,1BA$1.46
TGM Shadeland StationA11BR,1BA$1.53
TGM Avalon LakeA21BR,1BA$1.76

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Devonshire, Indianapolis, IN

Ranked #120

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 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

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.

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.