Cheap Homes for Rent in Northwest Indianapolis Neighborhood of Indianapolis, IN from $600 (8 Rentals)

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Search the lowest-cost Homes 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

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

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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 $697. 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$697
The Life at White PinesPINE1BR,1BA$797

Best Value Apartments for Rent in Northwest Indianapolis, IN

As of May 10, 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$1.18
Abney Lake2 Bedroom Garden Fireplace Upgrade2BR,1BA$1.22
Riverside Apartments2 Bedroom 1 Bath Apartment2BR,1BA$0.97
The Stratford1 Bedroom 1 Bathroom1BR,1BA$1.11
The Life at White PinesPINE1BR,1BA$1.15
Meadows Apartments1 Bedroom 1 Bath Apartment1BR,1BA$1.00
Fields Apartments1 Bedroom 1 Bath Apartment1BR,1BA$1.23
Wildwood Village Apartments1 Bedroom 1 Bathroom1BR,1BA$1.42

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Frequently Asked Questions about Northwest Indianapolis

What type of rentals are currently available in Northwest Indianapolis?

There are currently 51 Apartments for Rent in Northwest Indianapolis, IN with pricing that ranges from $335 to $2,800. There are also 40 Single Family Homes for rent, Condos, and Townhome rentals currently available in Northwest Indianapolis ranging from $650 to $2,370.

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 $2,370 with an average monthly rent of $1,337.

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.