Cheap Homes for Rent in Indy East Neighborhood of Indianapolis, IN from $500 (18 Rentals)

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Search the lowest-cost Homes 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!

property at 840 N Rural St

840 N Rural St

IndianapolisIN46201
property at 1106 N Gale St

1106 N Gale St

IndianapolisIN46201

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 $850. Utomin Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $975. 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$850
Utomin Apartments2 Bedroon2BR,1BA$975
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 11, 2025 the best value apartment in the Indy East area is the $1.48 price per square foot 1 Bedroom Model at Lockerbie Flats in the in the Martindale neighborhood starting from $1,350. The second greatest value Indy East apartment is the The Alma 50% Model at Minnie Hartmann Center starting at $1,092 with a $1.37 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.
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
Utomin Apartments2 Bedroon2BR,1BA$1.50
Historic Irvington FlatsBeautiful Renovated Historic Apartment 1 bedroo...1BR,1BA$1.60
Courts Apartments1 Bedroom 1 Bathroom Apartment1BR,1BA$1.48
Five Twenty VirginiaDStudio ,1BA$3.00

Frequently Asked Questions about Indy East

What type of rentals are currently available in Indy East?

There are currently 76 Apartments for Rent in Indy East, IN with pricing that ranges from $695 to $2,134. There are also 73 Single Family Homes for rent, Condos, and Townhome rentals currently available in Indy East ranging from $595 to $2,295.

What is the current price range for Rental Homes in Indy East?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Indy East ranges from $595 to $2,295 with an average monthly rent of $1,313.

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.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

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.

decorative image for Renting Smart: Lease Basics Every Renter Needs article

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.

decorative image for Battling the Butts: Your Guide to the Reality of Smoke-Free Renting article

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.