Cheap Apartments for Rent in the Riverside Neighborhood of Indianapolis, IN from $400 (97 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Riverside area of Indianapolis.

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34 North Apartments
Studio to 4 Bedroom Apartments

34 North Apartments

3402 N Meridian StIndianapolis, IN 46208
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Charmwood Terrace
1 to 2 Bedroom Apartments

Charmwood Terrace

3419 N Pennsylvania StIndianapolis, IN 46205
Showing Results 1-50, Page 1 of 2

Riverside, Indianapolis, IN Local Guide

Cheapest Available Riverside Apartments for Rent

 

The cheapest available apartment rental in the Riverside area of Indianapolis, IN is a Studio unit found at Meridian Towers priced from $699. Oxmoor Indy has the second lowest priced unit, which is a 1 Bed apartment currently listed from $699. Here are the most affordable Riverside apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Meridian TowersStudio ApartmentStudio,1BA$699
Oxmoor Indy1BR/1.0BA1BR,1BA$699
Proctor Place1 Bedroom1BR,1BA$725
St. Agnes Apartments514 StudioStudio,1BA$765
1733 N. Meridian1BR1BR,1BA$780
Maple Court2 Bed Original2BR,1BA$799
Eagledale Senior Apartments0B 50%Studio,1BA$831
The Seminole1br1BR,1BA$833
El Dorado1 Bedroom 1 Bath1BR,1BA$859
Abney Lake1 Bedroom1BR,1BA$864

Best Value Apartments for Rent in Riverside, IN

As of February 26, 2025 the best value apartment in the Riverside area is the $1.30 price per square foot Two Bedroom Two Bath (1,311 Square Feet) Model at Gardens of Canal Court in the in the Near North Indianapolis neighborhood starting from $1,703. The second greatest value Riverside apartment is the 3 Bedroom 2 Bath Apartment Model at Fields Apartments starting at $1,522 with a $1.19 price per square foot in the Cheswick Place neighborhood. Here is today’s list of the best values for Riverside apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Gardens of Canal CourtTwo Bedroom Two Bath (1,311 Square Feet)2BR,2BA$1.30
Fields Apartments3 Bedroom 2 Bath Apartment3BR,2BA$1.19
Proctor Place2 Bedroom2BR,1BA$1.17
Mansion Row - Where Historic Charm Meets Modern7178A4 Mansion 1x1 (800 sqft)1BR,1BA$1.25
Maple Court2 Bed Remodel2BR,1BA$1.15
1733 N. Meridian1BR1BR,1BA$1.04
The Seminole1br1BR,1BA$1.13
Abney Lake1 Bedroom Fireplace Upgrade1BR,1BA$1.39
Oxmoor Indy1BR/1.0BA1BR,1BA$1.00
Wildwood Village Apartments1 Bedroom 1 Bathroom1BR,1BA$1.38

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Riverside, Indianapolis, IN

Ranked #5

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
Riverside, Indianapolis, IN

School data provided by Great Schools

Best Local Schools in
Riverside, Indianapolis, IN

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving.com is proud to bring you our detailed rental search system called 'Lifestyle ratings', composed of rentals and neighborhoods across the USA, and customized analysis for Indianapolis, Indiana. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including filtering automatically for easy access to the parks, luxury housing options, kid and pet-friendly communities, availability of transit options, and more. These search options are in the site filters at the top of this page.

Getting Around the Riverside Neighborhood in Indianapolis, IN

Walk Score®

33 / 100

Car-Dependent

Most errands require a car

Bike Score®

44 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

35 / 100

Some Transit

A few nearby public transportation options

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Riverside Apartments

What is the Cheapest Studio apartment in Riverside?

Currently the most affordable Cheap Studio Apartment in Riverside is at Meridian Towers listed at $699.

How much is rent for a Cheap One Bedroom Riverside Apartment?

The lowest price for a Cheap One Bedroom Riverside Apartment is $699 at Oxmoor Indy.

What is the lowest price for a Cheap Two Bedroom Riverside Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Riverside is starting from $799 at Maple Court.

What is the most affordable Riverside Three Bedroom Apartment?

The best deal on a cheap Riverside Three Bedroom Apartment rental is at Proctor Place and starts from $930.

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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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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What to Know About Fees and Fines When Renting

Written by: Trey Huguley

When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

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How Your Move-In Inspection Can Protect Your Security Deposit

Written by: Christine Leonard, Esq.

If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.

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Signing Your Apartment Lease: The Basics

Written by: Trey Huguley

When you're about to sign a lease for the first time, it can feel a bit overwhelming. You don’t want to miss any important details hidden in the fine print.