
Cheap Apartments for Rent in the Herron Morton Place Neighborhood of Indianapolis, IN from $800 (14 Rentals)
Search the lowest-cost Apartments available for rent right now in the Herron Morton Place area of Indianapolis.


Wesmont

Rise on Meridian

Canal Square

Industry Indianapolis

Circa Apartments

The Grounds
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

Ardmore Apartments

Cosmopolitan on the Canal

2060 N Delaware St

146 E 19th St

125 E 17th St
Herron Morton Place - One of the Best Affordable Neighborhoods in Indianapolis
Named as one of the Best Affordable Neighborhoods to rent in Indianapolis by our Local Expert Wendy Melton. See how it ranks!
Herron Morton Place, Indianapolis, IN Local Guide

How much does it cost to rent an apartment in Herron Morton Place?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Herron Morton Place Studio Apartments | $1,380 | $1,225 | $1,670 |
Herron Morton Place 1 Bedroom Apartments | $1,681 | $800 | $3,580 |
Herron Morton Place 2 Bedroom Apartments | $2,403 | $1,600 | $4,320 |
Herron Morton Place 3 Bedroom Apartments | $2,971 | $2,199 | $4,040 |
Browse Apartments in this Neighborhood
There are currently 14 rentals with your search options within a 2 mile radius of the Herron Morton Place Neighborhood of Indianapolis, IN.
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Herron Morton Place, Indianapolis, IN Local Guide
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Cheapest Available Herron Morton Place Apartments for Rent
 The cheapest available apartment rental in the Herron Morton Place area of Indianapolis, IN is a 1 Bed unit found at Canal Square priced from $1,117. 9 on Canal has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,195. Here are the most affordable Herron Morton Place apartments for rent in Indianapolis, IN:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Canal Square | Arch | 1BR,1BA | $1,117 |
9 on Canal | Stockholm | 1BR,1BA | $1,195 |
Rise on Meridian | The Amelia | Studio,1BA | $1,205 |
Wesmont | Studio - Bumping on Sunset | Studio,1BA | $1,249 |
Industry Indianapolis | Studio - Sa | Studio,1BA | $1,341 |
Best Value Apartments for Rent in Herron Morton Place, IN
As of April 18, 2025 the best value apartment in the Herron Morton Place area is the $1.24 price per square foot 3 Bedroom 2 Bath Model at The Block in the in the Riley neighborhood starting from $2,199. The second greatest value Herron Morton Place apartment is the Singapore Model at Cosmopolitan on the Canal starting at $2,173 with a $1.92 price per square foot in the Near North Indianapolis neighborhood. Here is today’s list of the best values for Herron Morton Place apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
The Block | 3 Bedroom 2 Bath | 3BR,2BA | $1.24 |
Cosmopolitan on the Canal | Singapore | 2BR,2BA | $1.92 |
Ardmore Apartments | A4- One Bedroom with Den | 1BR,1BA | $2.14 |
Circa Apartments | Historic Loft B | 1BR,1BA | $2.99 |
9 on Canal | Amsterdam - Lux | 1BR,1BA | $2.51 |
Wesmont | Studio - Bumping on Sunset | Studio ,1BA | $2.17 |
The Grounds | The Taffeta | 1BR,1BA | $2.47 |
Industry Indianapolis | 1BR/1BA - A1 | 1BR,1BA | $4.01 |
Canal Square | Arch | 1BR,1BA | $2.31 |
Rise on Meridian | The Amelia | Studio ,1BA | $3.01 |
Quick Rent Budget Calculator
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Pet Friendly LifestyleHerron Morton Place, Indianapolis, IN
Ranked #119
Among neighborhoods in Indianapolis, IN for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Getting Around the Herron Morton Place Neighborhood in Indianapolis, IN
Walk Score®
80 / 100
Very Walkable
Most errands can be accomplished on foot
Bike Score®
73 / 100
Very Bikeable
Biking is convenient for most trips
Transit Score®
52 / 100
Good Transit
Many nearby public transportation options
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 Herron Morton Place Apartments
What is the Cheapest Studio apartment in Herron Morton Place?
Currently the most affordable Cheap Studio Apartment in Herron Morton Place is at Rise on Meridian listed at $1,205.
How much is rent for a Cheap One Bedroom Herron Morton Place Apartment?
The lowest price for a Cheap One Bedroom Herron Morton Place Apartment is $1,117 at Canal Square.
What is the lowest price for a Cheap Two Bedroom Herron Morton Place Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Herron Morton Place is starting from $1,630 at 9 on Canal.
What is the most affordable Herron Morton Place Three Bedroom Apartment?
The best deal on a cheap Herron Morton Place Three Bedroom Apartment rental is at The Block and starts from $2,199.
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.

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Written by: Christine Leonard, Esq.
Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

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.