Cheap Apartments for Rent in the Lafayette Square Neighborhood of Indianapolis, IN from $500 (10 Rentals)

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

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Whispering Pines
1 to 3 Bedroom Apartments

Whispering Pines

4444 Mission DrIndianapolis, IN 46254
  • Utilities Included

Lafayette Square

Named as one of the Best Affordable Neighborhoods to rent in Indianapolis by our Local Expert Wendy Melton. See how it ranks!

Lafayette Square, Indianapolis, IN Local Guide

Cheapest Available Lafayette Square Apartments for Rent

 

The cheapest available apartment rental in the Lafayette Square area of Indianapolis, IN is a Studio unit found at Cambridge Commons priced from $709. Scarborough Lake Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $773. Here are the most affordable Lafayette Square apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Cambridge CommonsStudioStudio,1BA$709
Scarborough Lake ApartmentsThe Sand Dollar StudioStudio,1BA$773
Garden Pointe ApartmentsLily Studio UPStudio,1BA$775

Best Value Apartments for Rent in Lafayette Square, IN

As of March 31, 2025 the best value apartment in the Lafayette Square area is the $1.21 price per square foot 3 BEDROOM | 2 BATHROOM Model at The Life at Wood Springs in the in the Timberview neighborhood starting from $1,490. The second greatest value Lafayette Square apartment is the Canadian Upgraded Model at EAGLE CHASE APARTMENTS starting at $1,477 with a $1.35 price per square foot in the Timberview neighborhood. Here is today’s list of the best values for Lafayette Square apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Life at Wood Springs3 BEDROOM | 2 BATHROOM3BR,2BA$1.21
EAGLE CHASE APARTMENTSCanadian Upgraded2BR,2BA$1.35
Meadows Apartments2 Bedroom 1.5 Bath Apartment2BR,1.5BA$1.06
Eagle’s EdgeOak2BR,1BA$1.51
The Life at White PinesPINE1BR,1BA$1.29
Woodbrook ApartmentsThe Pine1BR,1BA$1.34
Woodhaven ParkOne Bedroom One Bath1BR,1BA$1.30
Georgetown Woods Senior ApartmentsThe Ashwood1BR,1BA$1.57
Wylde at Eagle CreekEagles Nest1BR,1BA$1.67
Garden Pointe ApartmentsLily Studio UP Remodel W/DStudio ,1BA$1.63

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Pet Friendly Lifestyle
Lafayette Square, Indianapolis, IN

Ranked #174

Among neighborhoods in Indianapolis, IN for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Lifestyle Ratings

Our team of engineers and researchers is proud to bring you Lifestyle Ratings of rentals and neighborhoods across the USA, including Lafayette Square, Indianapolis, and the greater Indianapolis area. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including our Star Ratings to compare for outdoor amenities like tennis courts, luxury amenities, places that make kids happy, raising pets, transit options, and other valuable search options. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap Lafayette Square Apartments

What is the Cheapest Studio apartment in Lafayette Square?

Currently the most affordable Cheap Studio Apartment in Lafayette Square is at Cambridge Commons listed at $709.

How much is rent for a Cheap One Bedroom Lafayette Square Apartment?

The lowest price for a Cheap One Bedroom Lafayette Square Apartment is $819 at Cambridge Commons.

What is the lowest price for a Cheap Two Bedroom Lafayette Square Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Lafayette Square is starting from $1,034 at Scarborough Lake Apartments.

What is the most affordable Lafayette Square Three Bedroom Apartment?

The best deal on a cheap Lafayette Square Three Bedroom Apartment rental is at Meadows Apartments and starts from $1,291.

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.