Cheap Homes for Rent in Northwest Indianapolis Neighborhood of Indianapolis, IN from $600 (11 Rentals)

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

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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 1 Bed unit found at 1043 N Holmes Ave priced from $390. The Stratford has the second lowest priced unit, which is a Studio apartment currently listed from $610. Here are the most affordable Northwest Indianapolis apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
1043 N Holmes Ave1043 N Holmes Ave1BR,1BA$390
The StratfordStudioStudio,1BA$610
Union at 16th1 Bed 1 Bath1BR,1BA$684
The Boardwalk at Westlake Apartments and TownhomesStudio - 467 sqftStudio,1BA$725
Cedars ApartmentsStudioStudio,1BA$727

Best Value Apartments for Rent in Northwest Indianapolis, IN

As of March 28, 2025 the best value apartment in the Northwest Indianapolis area is the $0.99 price per square foot 4309 Village Trace Dr Model at 4309 Village Trace Dr in the in the Cheswick Place neighborhood starting from $1,995. The second greatest value Northwest Indianapolis apartment is the 4256 Village Bend Ln Model at 4256 Village Bend Ln starting at $1,835 with a $1.10 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.
4309 Village Trace Dr4309 Village Trace Dr3BR,2BA$0.99
4256 Village Bend Ln4256 Village Bend Ln3BR,3BA$1.10
4133 Village Trace Blvd4133 Village Trace Blvd3BR,2BA$1.28
Meadows Apartments3 Bedroom 1.5 Bath Apartment3BR,1.5BA$1.00
Aura ApartmentsAUB3RENO2BR,2BA$1.19
Union at 16th3 Bed 2 Bath3BR,2BA$1.34
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 Stratford1 Bedroom 1 Bathroom1BR,1BA$1.11
Fields Apartments1 Bedroom 1 Bath Apartment1BR,1BA$1.15

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Frequently Asked Questions about Northwest Indianapolis

What type of rentals are currently available in Northwest Indianapolis?

There are currently 63 Apartments for Rent in Northwest Indianapolis, IN with pricing that ranges from $436 to $3,967. There are also 42 Single Family Homes for rent, Condos, and Townhome rentals currently available in Northwest Indianapolis ranging from $650 to $2,700.

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

Today's rental pricing for Homes for Rent, Condos and Townhomes in Northwest Indianapolis ranges from $650 to $2,700 with an average monthly rent of $1,633.

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

For those who are looking for larger living arrangements, Three Bedroom Apartments in Northwest Indianapolis range from $1,237 to $3,967, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,199 to $2,370. Four Bedroom Single-Family rentals are also available starting from $1,550 and Four Bedroom Apartments start at $699.

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.

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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.

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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.