Cheap Apartments for Rent in the Riverside Neighborhood of Indianapolis, IN from $300 (102 Rentals)

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

property at 3014 W 10th St

3014 W 10th St

IndianapolisIN46222
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1733 N. Meridian
Rent Specials
from $7801 Bedroom Apartments Available Now

1733 N. Meridian

1733 N Meridian StIndianapolis, IN 46202
Cost Per Sq.Ft.
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  • Utilities Included
  • Low Income
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The Seminole
Rent Specials
from $8331 Bedroom Apartments Available Now

The Seminole

920 N Alabama StIndianapolis, IN 46202
Transit Friendly
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  • Utilities Included
  • Low Income
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The Washington
from $8501 Bedroom Apartments Available Jun 12

The Washington

1401 N Pennsylvania StIndianapolis, IN 46202
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  • Utilities Included
property at 1 W 28th St

1 W 28th St

IndianapolisIN46208
property at 538 W 29th St

538 W 29th St

IndianapolisIN46208
Showing Results 1-50, Page 1 of 3

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 1 Bed unit found at 1043 N Holmes Ave priced from $390. 281 N Warman Ave has the second lowest priced unit, which is a 1 Bed apartment currently listed from $425. Here are the most affordable Riverside apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
1043 N Holmes Ave1043 N Holmes Ave1BR,1BA$390
281 N Warman Ave281 N Warman Ave1BR,1BA$425
Illinois Street Senior ApartmentsStudio 3 30%Studio,1BA$462
Fields Apartments1 Bedroom 1 Bath Apartment1BR,1BA$659
Union at 16th1 Bed 1 Bath1BR,1BA$684
Oxmoor Indy1BR/1.0BA1BR,1BA$699
Proctor Place1 Bedroom1BR,1BA$725
St. Agnes Apartments*Studio- LoftStudio,1BA$740
1733 N. Meridian1BR1BR,1BA$780
Meridian TowersOne Bedroom Two Bath1BR,2BA$829

Best Value Apartments for Rent in Riverside, IN

As of March 23, 2025 the best value apartment in the Riverside area is the $0.82 price per square foot 2332 Alabama St Model at 2332 Alabama St in the in the Near North Indianapolis neighborhood starting from $1,650. The second greatest value Riverside apartment is the 7178B1 Traditional 2x2 (1100 sqft) Model at Mansion Row - Where Historic Charm Meets Modern starting at $1,367 with a $1.24 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.
2332 Alabama St2332 Alabama St3BR,3BA$0.82
Mansion Row - Where Historic Charm Meets Modern7178B1 Traditional 2x2 (1100 sqft)2BR,2BA$1.24
Riverside Apartments2 Bedroom 1.5 Bath Townhouse2BR,1.5BA$1.20
Proctor Place2 Bedroom2BR,1BA$1.17
Maple Court2025 Kitchen Remodel2BR,1BA$1.17
1733 N. Meridian1BR1BR,1BA$1.04
The Sheldrake Apartments1 Bedroom With Den1BR,1BA$1.17
The Seminole1br1BR,1BA$1.13
Oxmoor Indy1BR/1.0BA1BR,1BA$1.00
Fields Apartments1 Bedroom 1 Bath Apartment1BR,1BA$0.99

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.

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Pet Friendly Lifestyle
Riverside, Indianapolis, IN

Ranked #4

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 a cheap apartment in Riverside?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Riverside is under $829.

What is the price of a cheap apartment in Riverside?

The cheapest apartment in Riverside is 1043 N Holmes Ave which is listed at $390, while the average apartment in Riverside costs $1,810.

What types of apartments are the cheapest in Riverside?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 947 regular apartments in Riverside that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Riverside?

Cheap apartments in Riverside have an average cost of $347 which is $1,463 cheaper than the average rent for all rentals in Riverside.

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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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.

decorative image for Battling the Butts: Your Guide to the Reality of Smoke-Free Renting article

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.