Cheap Apartments for Rent in the Far Eastside Neighborhood of Indianapolis, IN from $300 (23 Rentals)

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

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Jamestowne Apartments
2 Bedroom Apartments

Jamestowne Apartments

8917 Duxbury RdIndianapolis, IN 46226
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Peppermill Farms
1 to 2 Bedroom Apartments

Peppermill Farms

6830 Mill View DrIndianapolis, IN 46226
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Cavalier Court
1 to 3 Bedroom Apartments

Cavalier Court

9108 E 38th PlIndianapolis, IN 46235
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Maison Gardens
1 to 3 Bedroom Apartments

Maison Gardens

8808 Rue Madeleine RueIndianapolis, IN 46226
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Braeburn Village
1 to 2 Bedroom Apartments

Braeburn Village

2170 Braeburn East DrIndianapolis, IN 46219
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Lawrence Glen
1 to 2 Bedroom Apartments

Lawrence Glen

8633 E 46th StIndianapolis, IN 46226
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Atrium Village
2 Bedroom Apartments

Atrium Village

2636 N Mitthoeffer RdIndianapolis, IN 46229

Far Eastside, Indianapolis, IN Local Guide

Cheapest Available Far Eastside Apartments for Rent

 

The cheapest available apartment rental in the Far Eastside area of Indianapolis, IN is a 1 Bed unit found at 1252 Goldenrod Dr priced from $325. Franklin Studios has the second lowest priced unit, which is a Studio apartment currently listed from $725. Here are the most affordable Far Eastside apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
1252 Goldenrod Dr1252 Goldenrod Dr1BR,1BA$325
Franklin StudiosStudioStudio,1BA$725
Autumn Trails ApartmentsThe MapleStudio,1BA$749
Serenity Park Apartments1 Bedroom 1 Bath1BR,1BA$769
Brookhaven Apartments1 Bed 1 Bath1BR,1BA$825

Best Value Apartments for Rent in Far Eastside, IN

As of March 30, 2025 the best value apartment in the Far Eastside area is the $0.88 price per square foot 4234 Hovenweep Dr Model at 4234 Hovenweep Dr in the in the Southeast Indianapolis neighborhood starting from $1,745. The second greatest value Far Eastside apartment is the 1411 Mutz Dr Model at 1411 Mutz Dr starting at $1,545 with a $0.78 price per square foot in the Southeast Indianapolis neighborhood. Here is today’s list of the best values for Far Eastside apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
4234 Hovenweep Dr4234 Hovenweep Dr3BR,2.5BA$0.88
1411 Mutz Dr1411 Mutz Dr3BR,1BA$0.78
3260 Wellington Ave3260 Wellington Ave3BR,1.5BA$1.03
Paragon ParkTwo Bedroom One Bath2BR,1BA$0.92
Reserve at Franklin Glen3BR2B -Reserve at Franklin Glen3BR,2BA$1.17
60 - ADDISON APARTMENTS1st Floor Standard + W/D Hookups2BR,1BA$0.95
Braeburn Village2X1.5-802BR,1.5BA$1.10
Cumberland ManorCumberland Manor - Newly Renovated 2 Bed 1.5 Ba...2BR,1.5BA$1.11
Brookhaven Apartments1 Bed 1 Bath1BR,1BA$0.86
Apartments @ Marten Court2x1 with washer/dryer2BR,1BA$1.13

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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Lifestyle Ratings

ApartmentHomeLiving brings you Lifestyle Ratings of rentals and neighborhoods across the USA, including Far Eastside, Indianapolis, and the greater Indianapolis area. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including rankings of the best places for the best proximity to parks and outdoor amenities, luxury amenities, transit availability, pet-friendly communities, places that make kids happy, and much more. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Getting Around the Far Eastside Neighborhood in Indianapolis, IN

Walk Score®

35 / 100

Car-Dependent

Most errands require a car

Bike Score®

39 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

28 / 100

Some Transit

A few nearby public transportation options

Frequently Asked Questions about Cheap Far Eastside Apartments

What is a cheap apartment in Far Eastside?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Far Eastside is under $899.

What is the price of a cheap apartment in Far Eastside?

The cheapest apartment in Far Eastside is 1252 Goldenrod Dr which is listed at $325, while the average apartment in Far Eastside costs $1,550.

What types of apartments are the cheapest in Far Eastside?

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 9 regular apartments in Far Eastside 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 Far Eastside?

Cheap apartments in Far Eastside have an average cost of $217 which is $1,333 cheaper than the average rent for all rentals in Far Eastside.

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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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.