Cheap Homes for Rent in Near North Indianapolis Neighborhood of Indianapolis, IN from $700 (8 Rentals)

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

property at 312 E 13th St

312 E 13th St

IndianapolisIN46202

Near North Indianapolis

Named as one of the Best Affordable Neighborhoods to rent in Indianapolis by our Local Expert Wendy Melton. See how it ranks!

Near North Indianapolis, Indianapolis, IN Local Guide

Cheapest Available Near North Indianapolis Apartments for Rent

 

The cheapest available apartment rental in the Near North Indianapolis area of Indianapolis, IN is a Studio unit found at Illinois Street Senior Apartments priced from $462. St. Agnes Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $740. Here are the most affordable Near North Indianapolis apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Illinois Street Senior ApartmentsStudio 3 30%Studio,1BA$462
St. Agnes Apartments*Studio- LoftStudio,1BA$740
1733 N. Meridian1BR1BR,1BA$780

Best Value Apartments for Rent in Near North Indianapolis, IN

As of March 25, 2025 the best value apartment in the Near North Indianapolis area is the $0.82 price per square foot 2332 Alabama St Model at 2332 Alabama St in the in the Near North Indianapolis neighborhood starting from $1,650. The second greatest value Near North Indianapolis apartment is the C1 Model at 747 Apartments starting at $2,599 with a $1.62 price per square foot in the Near North Indianapolis neighborhood. Here is today’s list of the best values for Near North Indianapolis apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
2332 Alabama St2332 Alabama St3BR,3BA$0.82
747 ApartmentsC13BR,2.5BA$1.62
Gardens of Canal CourtTwo Bedroom Two Bath (1,184 - 1,194 Square Feet)2BR,2BA$1.28
707 NorthThe Lockerbie 60%2BR,2BA$1.31
1733 N. Meridian1BR1BR,1BA$1.04
The Sheldrake Apartments1 Bedroom With Den1BR,1BA$1.17
The Seminole1br1BR,1BA$1.13
1010 CentralLoft 60%1BR,1BA$1.52
College Manor1 Br1BR,1BA$1.57
Illinois Street Senior ApartmentsStudio 1 40%Studio ,1BA$1.59

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Frequently Asked Questions about Near North Indianapolis

What type of rentals are currently available in Near North Indianapolis?

There are currently 209 Apartments for Rent in Near North Indianapolis, IN with pricing that ranges from $585 to $4,040. There are also 49 Single Family Homes for rent, Condos, and Townhome rentals currently available in Near North Indianapolis ranging from $880 to $5,500.

What is the current price range for Rental Homes in Near North Indianapolis?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Near North Indianapolis ranges from $880 to $5,500 with an average monthly rent of $1,923.

How much are larger Three and Four Bedroom Rentals in Near North Indianapolis?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Near North Indianapolis range from $1,495 to $4,040, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,495 to $4,500. Four Bedroom Single-Family rentals are also available starting from $2,000 and Four Bedroom Apartments start at $989.

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.

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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.