Cheap Apartments for Rent in the Northwest Indianapolis Neighborhood of Indianapolis, IN from $300 (30 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Northwest 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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Fisher Apartments
Studio Apartments

Fisher Apartments

5125 W 10th StIndianapolis, IN 46224
  • Utilities Included

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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The Reserve at White River
1 to 2 Bedroom Apartments

The Reserve at White River

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

Waterfront Terrace

3510 Kebil DrIndianapolis, IN 46224

Northwest 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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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. Meadows Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $732. Here are the most affordable Northwest Indianapolis apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
The StratfordStudioStudio,1BA$610
Meadows Apartments1 Bedroom 1 Bath Apartment1BR,1BA$732
Cedars ApartmentsStudioStudio,1BA$775
The Legend at SpeedwayA11BR,1BA$786
Fields Apartments1 Bedroom 1 Bath Apartment1BR,1BA$820
The Life at White PinesPINE1BR,1BA$837
El Dorado1 Bedroom 1 Bath1BR,1BA$859
Woods at Oak CrossingOne Bedroom One Bath1BR,1BA$895
Eagledale Senior Apartments0B 50%Studio,1BA$898
Riverside Apartments2 Bedroom 1 Bath Apartment2BR,1BA$916

Best Value Apartments for Rent in Northwest Indianapolis, IN

As of May 15, 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 7178B1 Traditional 2x2 (1100 sqft) Model at Mansion Row - Where Historic Charm Meets Modern starting at $1,299 with a $1.18 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
Mansion Row - Where Historic Charm Meets Modern7178B1 Traditional 2x2 (1100 sqft)2BR,2BA$1.18
Fields Apartments2 Bedrooms 1 Bath Apartment2BR,1BA$1.23
Abney Lake2 Bedroom Garden Fireplace Upgrade2BR,1BA$1.22
Riverside Apartments2 Bedroom 1 Bath Apartment2BR,1BA$1.02
The Stratford1 Bedroom 1 Bathroom1BR,1BA$1.11
The Life at White PinesPINE1BR,1BA$1.20
Wildwood Village Apartments1 Bedroom 1 Bathroom1BR,1BA$1.42
Meadows Apartments1 Bedroom 1 Bath Apartment1BR,1BA$1.14
The Legend at SpeedwayA11BR,1BA$1.38

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Northwest Indianapolis, Indianapolis, IN

Ranked #166

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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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 a cheap apartment in Northwest Indianapolis?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Northwest Indianapolis is under $916.

What is the price of a cheap apartment in Northwest Indianapolis?

The cheapest apartment in Northwest Indianapolis is Meadows Apartments which is listed at $732, while the average apartment in Northwest Indianapolis costs $1,485.

What types of apartments are the cheapest in Northwest Indianapolis?

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 42 regular apartments in Northwest Indianapolis 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 Northwest Indianapolis?

Cheap apartments in Northwest Indianapolis have an average cost of $424 which is $1,061 cheaper than the average rent for all rentals in Northwest Indianapolis.

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.