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from $629Studio to 3 Bedroom Apartments Available Now
Cambridge Commons
4959 Oakhurst DrIndianapolis, IN 46254
Cheap Apartments for Rent in the Lafayette Square Neighborhood of Indianapolis, IN from $500 (10 Rentals)
Search the lowest-cost Apartments available for rent right now in the Lafayette Square area of Indianapolis.
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from $775Studio to 2 Bedroom Apartments Available Now
Garden Pointe Apartments
5005 Lily LnIndianapolis, IN 46254
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from $783Studio to 3 Bedroom Apartments Available Now
Scarborough Lake Apartments
6430 Maidstone RdIndianapolis, IN 46254
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from $8011 to 2 Bedroom Apartments Available Now
Wylde at Eagle Creek
6612 Eagle Pointe DrIndianapolis, IN 46254
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from $8451 to 3 Bedroom Apartments Available Now
Woodhaven Park
6363 Commons DrIndianapolis, IN 46254
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.
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from $8951 to 4 Bedroom Apartments Available Now
The Life at Northwest Gardens
5816 W 38th StIndianapolis, IN 46254
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Lafayette Square - 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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Lafayette Square, Indianapolis, IN Local Guide
How much does it cost to rent an apartment in Lafayette Square?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lafayette Square Studio Apartments | $815 | $709 | $952 |
| Lafayette Square 1 Bedroom Apartments | $978 | $629 | $1,659 |
| Lafayette Square 2 Bedroom Apartments | $1,355 | $989 | $2,085 |
| Lafayette Square 3 Bedroom Apartments | $1,835 | $1,500 | $2,390 |
| Lafayette Square 4 Bedroom Apartments | $1,926 | $1,709 | $2,428 |
Browse Apartments in this Neighborhood
There are currently 10 rentals with your search options within a 2 mile radius of the Lafayette Square Neighborhood of Indianapolis, IN.
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Lafayette Square, Indianapolis, IN Local Guide
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Cheapest Available Lafayette Square Apartments for Rent
The cheapest available apartment rental in the Lafayette Square area of Indianapolis, IN is a 1 Bed unit found at Cambridge Commons priced from $629. Garden Pointe Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $775. Here are the most affordable Lafayette Square apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Cambridge Commons | One Bed One Bath | 1BR,1BA | $629 |
| Garden Pointe Apartments | Lily Studio UP | Studio,1BA | $775 |
| Wylde at Eagle Creek | Eagles Nest | 1BR,1BA | $801 |
Best Value Apartments for Rent in Lafayette Square, IN
As of April 19, 2025 the best value apartment in the Lafayette Square area is the $1.38 price per square foot Canadian Upgraded Model at EAGLE CHASE APARTMENTS in the in the Timberview neighborhood starting from $1,507. The second greatest value Lafayette Square apartment is the Oak Model at Eagle’s Edge starting at $1,200 with a $1.51 price per square foot in the Cheswick Place neighborhood. Here is today’s list of the best values for Lafayette Square apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| EAGLE CHASE APARTMENTS | Canadian Upgraded | 2BR,2BA | $1.38 |
| Eagle’s Edge | Oak | 2BR,1BA | $1.51 |
| The Life at Wood Springs | 2 BEDROOM | 1 BATHROOM A | 2BR,1BA | $1.25 |
| Scarborough Lake Apartments | The Reef 2 BR 1 BA | 2BR,1BA | $1.55 |
| The Life at White Pines | PINE | 1BR,1BA | $1.38 |
| Woodhaven Park | One Bedroom One Bath | 1BR,1BA | $1.30 |
| Georgetown Woods Senior Apartments | The Ashwood | 1BR,1BA | $1.57 |
| Wylde at Eagle Creek | Eagles Nest | 1BR,1BA | $1.38 |
| Garden Pointe Apartments | Lily Studio UP Remodel W/D | Studio ,1BA | $1.63 |
| The Life at Northwest Gardens | 1 BED | 1 BATH | 1BR,1BA | $1.63 |
Quick Rent Budget Calculator
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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
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Pet Friendly LifestyleLafayette Square, Indianapolis, IN
Ranked #175
Among neighborhoods in Indianapolis, IN for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
2.5Pet Friendly
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 a cheap apartment in Lafayette Square?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Lafayette Square is under $1,000.
What is the price of a cheap apartment in Lafayette Square?
The cheapest apartment in Lafayette Square is Wylde at Eagle Creek which is listed at $801, while the average apartment in Lafayette Square costs $1,750.
What types of apartments are the cheapest in Lafayette Square?
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 16 regular apartments in Lafayette Square 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 Lafayette Square?
Cheap apartments in Lafayette Square have an average cost of $691 which is $1,059 cheaper than the average rent for all rentals in Lafayette Square.
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.