Cheap Apartments for Rent in the Indy East Neighborhood of Indianapolis, IN from $300 (22 Rentals)

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

Indy East

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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Colonial Park
1 to 2 Bedroom Apartments

Colonial Park

4421 E Washington StIndianapolis, IN 46201
  • Utilities Included
Showing Results 1-22, Page 1 of 1

Cheapest Available Indy East Apartments for Rent

 

The cheapest available apartment rental in the Indy East area of Indianapolis, IN is a 1 Bed unit found at Courts Apartments priced from $779. 40 N Euclid Ave has the second lowest priced unit, which is a 3 Beds apartment currently listed from $1,010. Here are the most affordable Indy East apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Courts Apartments1 Bedroom 1 Bathroom Apartment1BR,1BA$779
40 N Euclid Ave40 N Euclid Ave3BR,1BA$1,010
Historic Irvington FlatsBeautiful Renovated Historic Apartment 1 bedroo...1BR,1BA$1,039
College Manor1 BR1BR,1BA$1,050
Five Twenty VirginiaDStudio,1BA$1,065

Best Value Apartments for Rent in Indy East, IN

As of April 05, 2025 the best value apartment in the Indy East area is the $1.01 price per square foot 40 N Euclid Ave Model at 40 N Euclid Ave in the in the Indy East neighborhood starting from $1,010. The second greatest value Indy East apartment is the 1 Bedroom Model at Lockerbie Flats starting at $1,350 with a $1.48 price per square foot in the Martindale neighborhood. Here is today’s list of the best values for Indy East apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
40 N Euclid Ave40 N Euclid Ave3BR,1BA$1.01
Lockerbie Flats1 Bedroom1BR,2BA$1.48
Minnie Hartmann CenterThe Alma 50%2BR,1BA$1.37
The LeoThe Williams1BR,1BA$2.19
College Manor1 BR1BR,1BA$1.57
Historic Irvington FlatsBeautiful Renovated Historic Apartment 1 bedroo...1BR,1BA$1.60
Courts Apartments1 Bedroom 1 Bathroom Apartment1BR,1BA$1.54
Five Twenty VirginiaDStudio ,1BA$3.00

Frequently Asked Questions about Cheap Indy East Apartments

What is a cheap apartment in Indy East?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Indy East is under $1,525.

What is the price of a cheap apartment in Indy East?

The cheapest apartment in Indy East is Courts Apartments which is listed at $779, while the average apartment in Indy East costs $1,577.

What types of apartments are the cheapest in Indy East?

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 4 regular apartments in Indy East 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 Indy East?

Cheap apartments in Indy East have an average cost of $278 which is $1,299 cheaper than the average rent for all rentals in Indy East.

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.

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Understanding Amenity Fees: Know Where You Might Be Able to Save Money

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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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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

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