
Cheap Apartments for Rent in the Market East Neighborhood of Indianapolis, IN from $1,100 (9 Rentals)
Search the lowest-cost Apartments available for rent right now in the Market East area of Indianapolis.


Rise on Meridian
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

9 on Canal

Gathyr Apartments
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

Industry Indianapolis

Ardmore Apartments
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.

360 Market Square

CityWay
Market East - 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!
Market East, Indianapolis, IN Local Guide

How much does it cost to rent an apartment in Market East?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Market East Studio Apartments | $1,525 | $1,196 | $3,684 |
Market East 1 Bedroom Apartments | $2,073 | $1,220 | $4,249 |
Market East 2 Bedroom Apartments | $3,042 | $1,394 | $9,630 |
Market East 3 Bedroom Apartments | $3,798 | $2,199 | $8,833 |
Browse Apartments in this Neighborhood
There are currently 9 rentals with your search options within a 2 mile radius of the Market East Neighborhood of Indianapolis, IN.
See all Apartments in IndianapolisExplore Indianapolis
Market East, Indianapolis, IN Local Guide
- Nearby Indianapolis neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Market East Apartments for Rent
 The cheapest available apartment rental in the Market East area of Indianapolis, IN is a Studio unit found at Gathyr Apartments priced from $1,199. Rise on Meridian has the second lowest priced unit, which is a Studio apartment currently listed from $1,210. Here are the most affordable Market East apartments for rent in Indianapolis, IN:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Gathyr Apartments | Bates | Studio,1BA | $1,199 |
Rise on Meridian | The Amelia | Studio,1BA | $1,210 |
Industry Indianapolis | Studio - Sa | Studio,1BA | $1,341 |
Best Value Apartments for Rent in Market East, IN
As of May 12, 2025 the best value apartment in the Market East area is the $1.06 price per square foot 1 Bedroom 1 Bath Model at The Block in the in the Riley neighborhood starting from $1,539. The second greatest value Market East apartment is the 2BR/2BA + Den - D Model at Industry Indianapolis starting at $4,255 with a $3.15 price per square foot in the Martindale neighborhood. Here is today’s list of the best values for Market East apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
The Block | 1 Bedroom 1 Bath | 1BR,1BA | $1.06 |
Industry Indianapolis | 2BR/2BA + Den - D | 2BR,2BA | $3.15 |
360 Market Square | 1A-U | 1BR,1BA | $2.94 |
CityWay | Henry | 1BR,1BA | $2.83 |
Artistry Indy | Gala | 1BR,1BA | $2.47 |
Gathyr Apartments | Beville | Studio ,1BA | $2.44 |
220 Meridian | S1a | Studio ,1BA | $4.01 |
Rise on Meridian | The Amelia | Studio ,1BA | $3.03 |
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.
Pet Friendly LifestyleMarket East, Indianapolis, IN
Ranked #109
Among neighborhoods in Indianapolis, IN for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Getting Around the Market East Neighborhood in Indianapolis, IN
Walk Score®
96 / 100
Walker’s Paradise
Daily errands do not require a car
Bike Score®
98 / 100
Biker's Paradise
Daily errands can be accomplished on a bike
Transit Score®
67 / 100
Good Transit
Many nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Market East Apartments
What is the Cheapest Studio apartment in Market East?
Currently the most affordable Cheap Studio Apartment in Market East is at Gathyr Apartments listed at $1,199.
How much is rent for a Cheap One Bedroom Market East Apartment?
The lowest price for a Cheap One Bedroom Market East Apartment is $1,353 at Artistry Indy.
What is the lowest price for a Cheap Two Bedroom Market East Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Market East is starting from $1,394 at Artistry Indy.
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.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.