
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.


Scarborough Lake Apartments

Garden Pointe Apartments

Meadows Apartments

Woodhaven Park

The Life at White Pines
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

How much does it cost to rent an apartment in Lafayette Square?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Lafayette Square Studio Apartments | $849 | $709 | $1,850 |
Lafayette Square 1 Bedroom Apartments | $1,016 | $819 | $1,581 |
Lafayette Square 2 Bedroom Apartments | $1,345 | $1,034 | $2,071 |
Lafayette Square 3 Bedroom Apartments | $1,802 | $1,291 | $2,752 |
Lafayette Square 4 Bedroom Apartments | $1,750 | $1,750 | $1,750 |
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 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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Cambridge Commons | Studio | Studio,1BA | $709 |
Scarborough Lake Apartments | The Sand Dollar Studio | Studio,1BA | $773 |
Garden Pointe Apartments | Lily Studio UP | Studio,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
The Life at Wood Springs | 3 BEDROOM | 2 BATHROOM | 3BR,2BA | $1.21 |
EAGLE CHASE APARTMENTS | Canadian Upgraded | 2BR,2BA | $1.35 |
Meadows Apartments | 2 Bedroom 1.5 Bath Apartment | 2BR,1.5BA | $1.06 |
Eagle’s Edge | Oak | 2BR,1BA | $1.51 |
The Life at White Pines | PINE | 1BR,1BA | $1.29 |
Woodbrook Apartments | The Pine | 1BR,1BA | $1.34 |
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 | $1.67 |
Garden Pointe Apartments | Lily Studio UP Remodel W/D | Studio ,1BA | $1.63 |
Quick Rent Budget Calculator
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Pet Friendly LifestyleLafayette Square, Indianapolis, IN
Ranked #174
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 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.

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.

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.

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.