Cheap Apartments for Rent in the Herron Morton Place Neighborhood of Indianapolis, IN from $1,100 (15 Rentals)

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

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Colmar Apartments
1 Bedroom Apartments

Colmar Apartments

1620 Central AveIndianapolis, IN 46202
  • Utilities Included

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!

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Herron Morton Place, Indianapolis, IN Local Guide

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. Rise on Meridian has the second lowest priced unit, which is a Studio apartment currently listed from $1,210. Here are the most affordable Herron Morton Place apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Canal SquareArch1BR,1BA$1,117
Rise on MeridianThe AmeliaStudio,1BA$1,210
WesmontStudio - Bumping on SunsetStudio,1BA$1,249
Industry IndianapolisStudio - SaStudio,1BA$1,341
The GroundsThe Luxe1BR,1BA$1,399

Best Value Apartments for Rent in Herron Morton Place, IN

As of May 17, 2025 the best value apartment in the Herron Morton Place area is the $1.06 price per square foot 1 Bedroom 1 Bath Model at The Block in the in the Riley neighborhood starting from $1,539. The second greatest value Herron Morton Place apartment is the 2BR/2BA + Den - D Model at Industry Indianapolis starting at $4,255 with a $3.15 price per square foot in the Martindale neighborhood. Here is today’s list of the best values for Herron Morton Place apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Block1 Bedroom 1 Bath1BR,1BA$1.06
Industry Indianapolis2BR/2BA + Den - D2BR,2BA$3.15
Cosmopolitan on the CanalZurich1BR,1BA$2.23
The GroundsThe Chic1BR,1BA$2.41
Circa ApartmentsHistoric Loft B1BR,1BA$2.69
WesmontStudio - Bumping on SunsetStudio ,1BA$2.17
Rise on MeridianThe AmeliaStudio ,1BA$3.03

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Herron Morton Place, Indianapolis, IN

Ranked #136

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 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 $1,210.

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 $1,395 at Industry Indianapolis.

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 $1,849 at The Grounds.

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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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.