Cheap Apartments for Rent in the Northwest Indianapolis Neighborhood of Indianapolis, IN from $300 (37 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

Northwest Indianapolis

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

Read Article
close
View Me
Fisher Apartments
Studio Apartments

Fisher Apartments

5125 W 10th StIndianapolis, IN 46224
  • Utilities Included
close
View Me
The Stratford
Studio to 2 Bedroom Apartments

The Stratford

3201 Watergate RdIndianapolis, IN 46224
close
View Me
The Reserve at White River
1 to 2 Bedroom Apartments

The Reserve at White River

2774 Pixel RdIndianapolis, IN 46222
Senior Living
  • Utilities Included
close
View Me
Waterfront Terrace
1 to 3 Bedroom Apartments

Waterfront Terrace

3510 Kebil DrIndianapolis, IN 46224
Showing Results 1-37, Page 1 of 1

Northwest Indianapolis, Indianapolis, IN Local Guide

Cheapest Available Northwest Indianapolis Apartments for Rent

 

The cheapest available apartment rental in the Northwest Indianapolis area of Indianapolis, IN is a Studio unit found at The Stratford priced from $610. The Boardwalk at Westlake Apartments and Townhomes has the second lowest priced unit, which is a Studio apartment currently listed from $745. Here are the most affordable Northwest Indianapolis apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
The StratfordStudioStudio,1BA$610
The Boardwalk at Westlake Apartments and TownhomesStudio - 441 sqftStudio,1BA$745
Meadows ApartmentsStudio ApartmentStudio,1BA$748
The Legend at SpeedwayA11BR,1BA$786
Fields Apartments1 Bedroom 1 Bath Apartment1BR,1BA$800
Riverside Apartments2 Bedroom 1 Bath Apartment2BR,1BA$804
Union at 16th2 Bed 2 Bath2BR,2BA$820
Eagledale Senior Apartments0B 50%Studio,1BA$831
El Dorado1 Bedroom 1 Bath1BR,1BA$859
The AbbyThe Abbey1BR,1BA$875

Best Value Apartments for Rent in Northwest Indianapolis, IN

As of April 13, 2025 the best value apartment in the Northwest Indianapolis area is the $1.15 price per square foot AUB3RENO Model at Aura Apartments in the in the Cheswick Place neighborhood starting from $1,399. The second greatest value Northwest Indianapolis 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 Northwest Indianapolis apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Aura ApartmentsAUB3RENO2BR,2BA$1.15
Union at 16th3 Bed 2 Bath3BR,2BA$1.34
Mansion Row - Where Historic Charm Meets Modern7178B1 Traditional 2x2 (1100 sqft)2BR,2BA$1.24
Wildwood Village Apartments2 Bedroom 2 Bathroom2BR,2BA$1.07
Riverside Apartments2 Bedroom 1.5 Bath Townhouse2BR,1.5BA$0.99
The AbbyThe Berkshire2BR,2BA$1.39
The Life at White PinesFERN2BR,1.5BA$1.36
Fields Apartments1 Bedroom 1 Bath Apartment1BR,1BA$1.09
The Stratford1 Bedroom 1 Bathroom1BR,1BA$1.11
The Legend at SpeedwayA11BR,1BA$1.38

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.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Northwest Indianapolis, Indianapolis, IN

Ranked #102

Among neighborhoods in Indianapolis, IN for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

decorative image of woman handing cat to small boy

Best Local Schools in
Northwest Indianapolis, Indianapolis, IN

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you comprehensive Lifestyle Ratings of rentals in cities across the United States including Northwest Indianapolis, Indianapolis, and the greater Indianapolis area. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including filtering automatically for the best outdoor access, luxury housing options, kid and pet-friendly communities, availability of transit options, and more. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Northwest Indianapolis Apartments

What is the Cheapest Studio apartment in Northwest Indianapolis?

Currently the most affordable Cheap Studio Apartment in Northwest Indianapolis is at The Stratford listed at $610.

How much is rent for a Cheap One Bedroom Northwest Indianapolis Apartment?

The lowest price for a Cheap One Bedroom Northwest Indianapolis Apartment is $786 at The Legend at Speedway.

What is the lowest price for a Cheap Two Bedroom Northwest Indianapolis Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Northwest Indianapolis is starting from $804 at Riverside Apartments.

What is the most affordable Northwest Indianapolis Three Bedroom Apartment?

The best deal on a cheap Northwest Indianapolis Three Bedroom Apartment rental is at Fields Apartments and starts from $1,186.

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.

decorative image for Battling the Butts: Your Guide to the Reality of Smoke-Free Renting article

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.