Cheap Homes for Rent in Riverside Neighborhood of Indianapolis, IN from $600 (30 Rentals)

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

property at 316 W 29th St

316 W 29th St

IndianapolisIN46208
property at 1803 Wilcox St

1803 Wilcox St

IndianapolisIN46222
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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
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
Fields Apartments1 Bedroom 1 Bath Apartment1BR,1BA$767
1733 N. Meridian1BR1BR,1BA$780
Eagledale Senior Apartments0B 50%Studio,1BA$831

Best Value Apartments for Rent in Riverside, IN

As of March 28, 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 2862 Highland Pl Model at 2862 Highland Pl starting at $1,342 with a $1.22 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
2862 Highland Pl2862 Highland Pl2BR,1BA$1.22
Mansion Row - Where Historic Charm Meets Modern7178B1 Traditional 2x2 (1100 sqft)2BR,2BA$1.24
Riverside Apartments2 Bedroom 1.5 Bath Townhouse2BR,1.5BA$1.00
Proctor Place2 Bedroom2BR,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$1.15

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Frequently Asked Questions about Riverside

What type of rentals are currently available in Riverside?

There are currently 299 Apartments for Rent in Riverside, IN with pricing that ranges from $425 to $7,693. There are also 98 Single Family Homes for rent, Condos, and Townhome rentals currently available in Riverside ranging from $650 to $6,200.

What is the current price range for Rental Homes in Riverside?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Riverside ranges from $650 to $6,200 with an average monthly rent of $1,624.

How much are larger Three and Four Bedroom Rentals in Riverside?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Riverside range from $1,000 to $6,747, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,199 to $6,200. Four Bedroom Single-Family rentals are also available starting from $1,500 and Four Bedroom Apartments start at $699.

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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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.

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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.