
Cheap Homes for Rent in Lafayette Square Neighborhood of Indianapolis, IN from $1,300 (6 Rentals)
Search the lowest-cost Homes available for rent right now in the Lafayette Square area of Indianapolis.


5231 Austral Dr

4308 N Vinewood Ave

5209 Tufton Dr

5227 Austral Dr

6314 Commons Dr
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 a home in Lafayette Square?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Lafayette Square 2 Bedroom Homes for Rent | $1,475 | $1,350 | $1,600 |
Lafayette Square 3 Bedroom Homes for Rent | $1,661 | $1,330 | $2,050 |
Browse Homes for Rent in this Neighborhood
There are currently 6 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 $748. 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 | $748 |
Garden Pointe Apartments | Lily Studio UP | Studio,1BA | $775 |
Best Value Apartments for Rent in Lafayette Square, IN
As of April 05, 2025 the best value apartment in the Lafayette Square area is the $1.17 price per square foot 5111 Whisenand Dr Model at 5111 Whisenand Dr in the in the Cheswick Place neighborhood starting from $2,360. The second greatest value Lafayette Square apartment is the Canadian Upgraded Model at EAGLE CHASE APARTMENTS starting at $1,512 with a $1.38 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. |
---|---|---|---|
5111 Whisenand Dr | 5111 Whisenand Dr | 3BR,2.5BA | $1.17 |
EAGLE CHASE APARTMENTS | Canadian Upgraded | 2BR,2BA | $1.38 |
Meadows Apartments | 2 Bedroom 1.5 Bath Apartment | 2BR,1.5BA | $1.36 |
Eagle’s Edge | Oak | 2BR,1BA | $1.51 |
The Life at White Pines | PINE | 1BR,1BA | $1.38 |
Woodbrook Apartments | The Pine | 1BR,1BA | $1.33 |
Woodhaven Park | One Bedroom One Bath | 1BR,1BA | $1.30 |
The Life at Wood Springs | 1 BEDROOM | 1 BATHROOM A | 1BR,1BA | $1.25 |
Georgetown Woods Senior Apartments | The Ashwood | 1BR,1BA | $1.57 |
Wylde at Eagle Creek | Eagles Nest | 1BR,1BA | $1.56 |
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Frequently Asked Questions about Lafayette Square
What type of rentals are currently available in Lafayette Square?
There are currently 22 Apartments for Rent in Lafayette Square, IN with pricing that ranges from $709 to $3,035. There are also 9 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lafayette Square ranging from $1,330 to $2,050.
What is the current price range for Rental Homes in Lafayette Square?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Lafayette Square ranges from $1,330 to $2,050 with an average monthly rent of $1,568.
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.