Cheap Apartments for Rent in the Near NW Riverside Neighborhood of Indianapolis, IN from $300 (32 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Near NW Riverside area of Indianapolis.

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34 North Apartments
Studio to 4 Bedroom Apartments

34 North Apartments

3402 N Meridian StIndianapolis, IN 46208
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Marblehead
Studio to 2 Bedroom Apartments

Marblehead

3310 N Meridian StIndianapolis, IN 46208
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Victoria Apartments
Studio Apartments

Victoria Apartments

1244 N Illinois StIndianapolis, IN 46202
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The Historic Bauer
1 Bedroom Apartments

The Historic Bauer

3720 N Meridian StIndianapolis, IN 46208
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Canal Gardens
1 Bedroom Apartments

Canal Gardens

1249 Dr Martin Luther King Jr StIndianapolis, IN 46202
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Oxmoor Indy
1 Bedroom Apartments

Oxmoor Indy

3640 N Meridian StIndianapolis, IN 46208
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Winston
1 Bedroom Apartments

Winston

3630 N Meridian StIndianapolis, IN 46208
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Campus Townhomes
2 Bedroom Apartments

Campus Townhomes

531 Ransom StIndianapolis, IN 46202
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Stonegate Apartments
Studio to 3 Bedroom Apartments

Stonegate Apartments

1220-1226 N Illinois StIndianapolis, IN 46202
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St. James
1 Bedroom Apartments

St. James

2102 N Meridian StIndianapolis, IN 46202
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Showing Results 1-32, Page 1 of 1

Cheapest Available Near NW Riverside Apartments for Rent

 

The cheapest available apartment rental in the Near NW Riverside area of Indianapolis, IN is a 1 Bed unit found at 1043 N Holmes Ave priced from $390. Illinois Street Senior Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $462. Here are the most affordable Near NW Riverside apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
1043 N Holmes Ave1043 N Holmes Ave1BR,1BA$390
Illinois Street Senior ApartmentsStudio 3 30%Studio,1BA$462
Union at 16th1 Bed 1 Bath1BR,1BA$684
Oxmoor Indy1BR/1.0BA1BR,1BA$699
St. Agnes Apartments*Studio- LoftStudio,1BA$740
Riverside Apartments2 Bedroom 1 Bath Apartment2BR,1BA$806
Meridian TowersOne Bedroom Two Bath1BR,2BA$829
The Sheldrake Apartments1 Bedroom With Den1BR,1BA$875
River West FlatsStudioStudio,1BA$999
Temple LoftsA81BR,1BA$1,050

Best Value Apartments for Rent in Near NW Riverside, IN

As of March 25, 2025 the best value apartment in the Near NW Riverside area is the $1.24 price per square foot 3 Bedroom 2 Bath Model at The Block in the in the Riley neighborhood starting from $2,199. The second greatest value Near NW Riverside apartment is the 3 Bed 2 Bath Model at Union at 16th starting at $1,485 with a $1.34 price per square foot in the Cheswick Place neighborhood. Here is today’s list of the best values for Near NW Riverside apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Block3 Bedroom 2 Bath3BR,2BA$1.24
Union at 16th3 Bed 2 Bath3BR,2BA$1.34
2862 Highland Pl2862 Highland Pl2BR,1BA$1.22
Mansion Row - Where Historic Charm Meets Modern7178B1 Traditional 2x2 (1100 sqft)2BR,2BA$1.24
Riverside Apartments2 Bedroom 1.5 Bath Townhouse2BR,1.5BA$1.00
The Sheldrake Apartments1 Bedroom With Den1BR,1BA$1.17
Oxmoor Indy1BR/1.0BA1BR,1BA$1.00
Temple LoftsFlats - 2.12BR,1BA$1.74
Meridian TowersOne Bedroom Two Bath1BR,2BA$1.36
Illinois Street Senior ApartmentsStudio 1 40%Studio ,1BA$1.59

Getting Around the Near NW Riverside Neighborhood in Indianapolis, IN

Walk Score®

43 / 100

Car-Dependent

Most errands require a car

Bike Score®

47 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

38 / 100

Some Transit

A few 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 Near NW Riverside Apartments

What is a cheap apartment in Near NW Riverside?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Near NW Riverside is under $1,050.

What is the price of a cheap apartment in Near NW Riverside?

The cheapest apartment in Near NW Riverside is 1043 N Holmes Ave which is listed at $390, while the average apartment in Near NW Riverside costs $1,978.

What types of apartments are the cheapest in Near NW Riverside?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 361 regular apartments in Near NW Riverside that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Near NW Riverside?

Cheap apartments in Near NW Riverside have an average cost of $394 which is $1,584 cheaper than the average rent for all rentals in Near NW Riverside.

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

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Understanding Amenity Fees: Know Where You Might Be Able to Save Money

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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.