Cheap Homes for Rent in Riverside Neighborhood of Indianapolis, IN from $600 (26 Rentals)

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

Riverside

Named as one of the Best Affordable Neighborhoods to rent in Indianapolis by our Local Expert Wendy Melton. See how it ranks!

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property at 312 E 13th St

312 E 13th St

IndianapolisIN46202
property at 1803 Wilcox St

1803 Wilcox St

IndianapolisIN46222
Showing Results 1-26, Page 1 of 1

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 Illinois Street Senior Apartments priced from $462. Meridian Towers has the second lowest priced unit, which is a Studio apartment currently listed from $699. Here are the most affordable Riverside apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Illinois Street Senior ApartmentsStudio 3 30%Studio,1BA$462
Meridian TowersStudio ApartmentStudio,1BA$699
Oxmoor Indy1BR/1.0BA1BR,1BA$699
Maple CourtStudioStudio,1BA$725
St. Agnes Apartments*Studio- LoftStudio,1BA$740
1733 N. Meridian1BR1BR,1BA$780
Union at 16th2 Bed 2 Bath2BR,2BA$820
The Seminole1br1BR,1BA$833
Devonshire Apartments in Downtown Indianapolis1BR/1.0BA1BR,1BA$840
El Dorado1 Bedroom 1 Bath1BR,1BA$859

Best Value Apartments for Rent in Riverside, IN

As of April 09, 2025 the best value apartment in the Riverside area is the $1.24 price per square foot 3 Bedroom 2 Bath Model at The Block in the in the Riley neighborhood starting from $2,199. The second greatest value Riverside apartment is the Two Bedroom Two Bath (1,184 - 1,194 Square Feet) Model at Gardens of Canal Court starting at $1,543 with a $1.29 price per square foot in the Near North Indianapolis 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.
The Block3 Bedroom 2 Bath3BR,2BA$1.24
Gardens of Canal CourtTwo Bedroom Two Bath (1,184 - 1,194 Square Feet)2BR,2BA$1.29
Mansion Row - Where Historic Charm Meets Modern7178B1 Traditional 2x2 (1100 sqft)2BR,2BA$1.24
The Sheldrake Apartments2 Bedroom2BR,1BA$1.08
1733 N. Meridian1BR1BR,1BA$1.04
The Seminole1br1BR,1BA$1.13
Fields Apartments1 Bedroom 1 Bath Apartment1BR,1BA$1.28
Proctor Place1 Bedroom1BR,1BA$1.19
Oxmoor Indy1BR/1.0BA1BR,1BA$1.00
Maple CourtStudioStudio ,1BA$1.32

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Frequently Asked Questions about Riverside

What type of rentals are currently available in Riverside?

There are currently 290 Apartments for Rent in Riverside, IN with pricing that ranges from $390 to $7,871. 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 $1,601.

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 $6,818, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,200 to $6,200. Four Bedroom Single-Family rentals are also available starting from $1,500 and Four Bedroom Apartments start at $700.

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.