Cheap Homes for Rent in Martindale Neighborhood of Indianapolis, IN from $500 (68 Rentals)

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

Martindale

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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property at 840 N Rural St

840 N Rural St

IndianapolisIN46201
property at 1106 N Gale St

1106 N Gale St

IndianapolisIN46201
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Martindale, Indianapolis, IN Local Guide

Cheapest Available Martindale Apartments for Rent

 

The cheapest available apartment rental in the Martindale area of Indianapolis, IN is a Studio unit found at Illinois Street Senior Apartments priced from $462. East Village at Avondale Meadows Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $693. Here are the most affordable Martindale apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Illinois Street Senior ApartmentsStudio 3 30%Studio,1BA$462
East Village at Avondale Meadows ApartmentsA11BR,1BA$693
Oxmoor Indy1BR/1.0BA1BR,1BA$699
Meridian TowersStudio ApartmentStudio,1BA$699
St. Agnes Apartments*Studio- LoftStudio,1BA$740
1733 N. Meridian1BR1BR,1BA$780
The Seminole1br1BR,1BA$833
Devonshire Apartments in Downtown Indianapolis1BR/1.0BA1BR,1BA$840
Priscilla on PennsylvaniaStudioStudio,1BA$875
Courts Apartments2 Bedroom 1 Bathroom Apartment2BR,1BA$890

Best Value Apartments for Rent in Martindale, IN

As of April 14, 2025 the best value apartment in the Martindale area is the $0.89 price per square foot Glen Ridge 2 Bedroom Townhome Model at Glen Ridge Manor Townhomes and Flats in the in the Martindale neighborhood starting from $1,032. The second greatest value Martindale apartment is the The Lockerbie 60% Model at 707 North starting at $1,324 with a $1.31 price per square foot in the Near North Indianapolis neighborhood. Here is today’s list of the best values for Martindale apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Glen Ridge Manor Townhomes and FlatsGlen Ridge 2 Bedroom Townhome2BR,1BA$0.89
707 NorthThe Lockerbie 60%2BR,2BA$1.31
Indy Colonial ApartmentsTwo Bedroom2BR,1BA$1.30
The Sheldrake Apartments2 Bedroom2BR,1BA$1.08
Minnie Hartmann CenterThe Alma 50%2BR,1BA$1.37
Courts Apartments2 Bedroom 1 Bathroom Apartment2BR,1BA$1.02
East Village at Avondale Meadows ApartmentsA21BR,1BA$1.32
1733 N. Meridian1BR1BR,1BA$1.04
The Seminole1br1BR,1BA$1.13
Oxmoor Indy1BR/1.0BA1BR,1BA$1.00

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Frequently Asked Questions about Martindale

What type of rentals are currently available in Martindale?

There are currently 415 Apartments for Rent in Martindale, IN with pricing that ranges from $585 to $5,450. There are also 165 Single Family Homes for rent, Condos, and Townhome rentals currently available in Martindale ranging from $595 to $4,700.

What is the current price range for Rental Homes in Martindale?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Martindale ranges from $595 to $4,700 with an average monthly rent of $1,754.

How much are larger Three and Four Bedroom Rentals in Martindale?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Martindale range from $899 to $5,450, while Three Bedroom Homes, Condos, and Townhomes for rent range from $925 to $4,500. Four Bedroom Single-Family rentals are also available starting from $1,399 and Four Bedroom Apartments start at $2,400.

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.

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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.

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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.

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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.