4 E Washington St
IndianapolisIN46204
Cheap Homes for Rent in Riley Neighborhood of Indianapolis, IN from $600 (9 Rentals)
Search the lowest-cost Homes available for rent right now in the Riley area of Indianapolis.
1413 E Washington St
IndianapolisIN46201
37 West St Clair Street
IndianapolisIN46204
1329 E Market St
IndianapolisIN46202
312 E 13th St
IndianapolisIN46202
1408 Broadway St
IndianapolisIN46202
234 E 9th St
IndianapolisIN46204
1335 Central Ave
IndianapolisIN46202
1450 N Illinois St
IndianapolisIN46202
Riley
Named as one of the Best Affordable Neighborhoods to rent in Indianapolis by our Local Expert Wendy Melton. See how it ranks!
Showing Results 1-9, Page 1 of 1
Riley, Indianapolis, IN Local Guide
How much does it cost to rent a home in Riley?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Riley 2 Bedroom Homes for Rent | $2,564 | $1,500 | $5,500 |
| Riley 3 Bedroom Homes for Rent | $2,831 | $1,595 | $6,200 |
Browse Homes for Rent in this Neighborhood
There are currently 9 rentals with your search options within a 1 mile radius of the Riley Neighborhood of Indianapolis, IN.
Explore Indianapolis
Riley, Indianapolis, IN Local Guide
- Nearby Indianapolis neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Riley Apartments for Rent
The cheapest available apartment rental in the Riley area of Indianapolis, IN is a Studio unit found at Illinois Street Senior Apartments priced from $462. St. Agnes Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $740. Here are the most affordable Riley apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Illinois Street Senior Apartments | Studio 3 30% | Studio,1BA | $462 |
| St. Agnes Apartments | *Studio- Loft | Studio,1BA | $740 |
| The Seminole | 1br | 1BR,1BA | $833 |
Best Value Apartments for Rent in Riley, IN
As of March 27, 2025 the best value apartment in the Riley area is the $1.14 price per square foot 352 N Arsenal Ave Model at 352 N Arsenal Ave in the in the Riley neighborhood starting from $2,050. The second greatest value Riley apartment is the 3 Bedroom 2 Bath Model at The Block starting at $2,199 with a $1.24 price per square foot in the Riley neighborhood. Here is today’s list of the best values for Riley apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 352 N Arsenal Ave | 352 N Arsenal Ave | 3BR,1.5BA | $1.14 |
| The Block | 3 Bedroom 2 Bath | 3BR,2BA | $1.24 |
| Gardens of Canal Court | Two Bedroom Two Bath (1,184 - 1,194 Square Feet) | 2BR,2BA | $1.28 |
| Maxwell Apartments | London | 2BR,2BA | $1.47 |
| 707 North | The Lockerbie 60% | 2BR,2BA | $1.31 |
| Line Lofts | The Inspiration 60% | 2BR,1BA | $1.42 |
| Lockerbie Flats | Studio | Studio ,1BA | $1.43 |
| The Seminole | 1br | 1BR,1BA | $1.13 |
| 1010 Central | Loft 60% | 1BR,1BA | $1.52 |
| College Manor | 1 Br | 1BR,1BA | $1.57 |
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.
Let everyone know!
Do you know the Riley area?
If you’re an expert on all things Riley, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Frequently Asked Questions about Riley
What type of rentals are currently available in Riley?
There are currently 203 Apartments for Rent in Riley, IN with pricing that ranges from $605 to $8,137. There are also 48 Single Family Homes for rent, Condos, and Townhome rentals currently available in Riley ranging from $695 to $6,200.
What is the current price range for Rental Homes in Riley?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Riley ranges from $695 to $6,200 with an average monthly rent of $1,925.
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.
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.
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.
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.