Cheap Homes for Rent in Lafayette Square Neighborhood of Indianapolis, IN from $1,300 (6 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Done

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

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 $748. 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$748
Garden Pointe ApartmentsLily Studio UPStudio,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 ListingModel NameBed/BathPrice Per Sq.Ft.
5111 Whisenand Dr5111 Whisenand Dr3BR,2.5BA$1.17
EAGLE CHASE APARTMENTSCanadian Upgraded2BR,2BA$1.38
Meadows Apartments2 Bedroom 1.5 Bath Apartment2BR,1.5BA$1.36
Eagle’s EdgeOak2BR,1BA$1.51
The Life at White PinesPINE1BR,1BA$1.38
Woodbrook ApartmentsThe Pine1BR,1BA$1.33
Woodhaven ParkOne Bedroom One Bath1BR,1BA$1.30
The Life at Wood Springs1 BEDROOM | 1 BATHROOM A1BR,1BA$1.25
Georgetown Woods Senior ApartmentsThe Ashwood1BR,1BA$1.57
Wylde at Eagle CreekEagles Nest1BR,1BA$1.56

Quick Rent Budget Calculator

How much rent can you afford?

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.

decorative image of people with a giant lease agreement

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.

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.