Cheap Homes for Rent in Near North Indianapolis Neighborhood of Indianapolis, IN from $800 (14 Rentals)

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

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.

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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.

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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.

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Near North Indianapolis - 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!

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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 1 Bed unit found at The Seminole priced from $833. Priscilla on Pennsylvania has the second lowest priced unit, which is a Studio apartment currently listed from $875. Here are the most affordable Near North Indianapolis apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
The Seminole1br1BR,1BA$833
Priscilla on PennsylvaniaStudioStudio,1BA$875
The Sheldrake Apartments1 Bedroom With Den1BR,1BA$875
Christian Place Apartments251BR,1BA$950
Van DykeVan Dyke Studio 463Studio,1BA$970

Best Value Apartments for Rent in Near North Indianapolis, IN

As of May 18, 2025 the best value apartment in the Near North Indianapolis area is the $1.36 price per square foot 2 Bedroom Model at 1301 N Alabama St in the in the Near North Indianapolis neighborhood starting from $2,250. The second greatest value Near North Indianapolis apartment is the Park Avenue Model at The Pointe on Mass starting at $2,299 with a $1.52 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.
1301 N Alabama St2 Bedroom2BR,1BA$1.36
The Pointe on MassPark Avenue2BR,2BA$1.52
Gardens of Canal CourtTwo Bedroom Two Bath (1,184 - 1,194 Square Feet)2BR,2BA$1.29
707 NorthThe Lockerbie 60%2BR,2BA$1.41
RaleighRaleigh 1BTH 8861BR,2BA$1.42
The Sheldrake Apartments1 Bedroom With Den1BR,1BA$1.17
The Seminole1br1BR,1BA$1.13
Indiana Flats and Townhomes2 x 1 Townhome2BR,1BA$1.63
Illinois Street Senior Apartments1BR 1A 60%1BR,1BA$1.68
College Manor1 BR1BR,1BA$1.57

Quick Rent Budget Calculator

How much rent can you afford?

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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 216 Apartments for Rent in Near North Indianapolis, IN with pricing that ranges from $585 to $6,320. There are also 51 Single Family Homes for rent, Condos, and Townhome rentals currently available in Near North Indianapolis ranging from $899 to $4,700.

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 $899 to $4,700 with an average monthly rent of $2,626.

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.

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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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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.

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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.

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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.