
Cheap Homes for Rent in Northwest Indianapolis Neighborhood of Indianapolis, IN from $600 (8 Rentals)
Search the lowest-cost Homes available for rent right now in the Northwest Indianapolis area of Indianapolis.


1111 Medford Ave
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.

3302 N Harding St

960 N Concord St
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.

1058 N Traub Ave

1230 N Belmont Ave
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.

4935 W 11th St

3301 W 11th St
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!
Northwest Indianapolis, Indianapolis, IN Local Guide

How much does it cost to rent a home in Northwest Indianapolis?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Northwest Indianapolis 2 Bedroom Homes for Rent | $1,373 | $845 | $2,200 |
Northwest Indianapolis 3 Bedroom Homes for Rent | $1,712 | $1,095 | $2,370 |
Browse Homes for Rent in this Neighborhood
There are currently 8 rentals with your search options within a 2 mile radius of the Northwest Indianapolis Neighborhood of Indianapolis, IN.
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Northwest Indianapolis, Indianapolis, IN Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
The Stratford | Studio | Studio,1BA | $610 |
Meadows Apartments | 1 Bedroom 1 Bath Apartment | 1BR,1BA | $697 |
The Life at White Pines | PINE | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Aura Apartments | AUB3RENO | 2BR,2BA | $1.15 |
Union at 16th | 3 Bed 2 Bath | 3BR,2BA | $1.34 |
Mansion Row - Where Historic Charm Meets Modern | 7178B1 Traditional 2x2 (1100 sqft) | 2BR,2BA | $1.18 |
Abney Lake | 2 Bedroom Garden Fireplace Upgrade | 2BR,1BA | $1.22 |
Riverside Apartments | 2 Bedroom 1 Bath Apartment | 2BR,1BA | $0.97 |
The Stratford | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.11 |
The Life at White Pines | PINE | 1BR,1BA | $1.15 |
Meadows Apartments | 1 Bedroom 1 Bath Apartment | 1BR,1BA | $1.00 |
Fields Apartments | 1 Bedroom 1 Bath Apartment | 1BR,1BA | $1.23 |
Wildwood Village Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.42 |
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.
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.

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.

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.

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.

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.