close
View Me
from $7071 to 2 Bedroom Apartments Available May 29
Eagle Creek Court
2148 Augusta Dr EIndianapolis, IN 46224
Cheap Apartments for Rent in the Speedway Neighborhood of Indianapolis, IN from $400 (13 Rentals)
Cheap Apartments in the Speedway area of Indianapolis.
close
View Me
from $748Studio to 2 Bedroom Apartments Available Now
Mariners Village
7135 Islander DrIndianapolis, IN 46214
close
View Me
from $7811 to 3 Bedroom Apartments Contact Us For Availability
Darby Court
2135 N High School RdIndianapolis, IN 46224
close
View Me
Rent Specials
from $795Studio to 3 Bedroom Apartments Available Now
The Boardwalk at Westlake Apartments and Townhomes
6000 Westlake DrIndianapolis, IN 46224
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
close
View Me
from $8001 to 3 Bedroom Apartments Available Now
Hills Apartments
5515 Pleasant Hill CirIndianapolis, IN 46224
close
View Me
Rent Specials
from $800Studio to 4 Bedroom Apartments Contact Us For Availability
Maple Creek Village
3800 W Michigan StIndianapolis, IN 46222
close
View Me
from $864Studio to 3 Bedroom Apartments Available Now
Abney Lake
3451 Sherburne LnIndianapolis, IN 46222
close
View Me
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.
close
View Me
close
View Me
close
View Me
from $7131 to 2 Bedroom Apartments Contact Us For Availability
Stanford Court
1815 Foyt DrSpeedway, IN 46224
close
View Me
Speedway - One of the Best Affordable Neighborhoods in Indianapolis
Named as one of the Best Affordable Neighborhoods to rent in Indianapolis by our Local Expert Wendy Melton. See how it ranks!
close
View Me
Showing Results 1-13, Page 1 of 1
Speedway, Indianapolis, IN Local Guide
How much does it cost to rent an apartment in Speedway?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Speedway Studio Apartments | $1,139 | $748 | $1,838 |
| Speedway 1 Bedroom Apartments | $1,262 | $707 | $2,522 |
| Speedway 2 Bedroom Apartments | $1,495 | $963 | $3,020 |
| Speedway 3 Bedroom Apartments | $1,653 | $1,210 | $3,587 |
| Speedway 4 Bedroom Apartments | $1,737 | $1,700 | $1,777 |
Browse Apartments in this Neighborhood
There are currently 13 rentals with your search options within a 2 mile radius of the Speedway Neighborhood of Indianapolis, IN.
See all Apartments in IndianapolisExplore Indianapolis
Speedway, Indianapolis, IN Local Guide
- Nearby Indianapolis neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Speedway Apartments for Rent
The cheapest available apartment rental in the Speedway area of Indianapolis, IN is a Studio unit found at Mariners Village priced from $748. The Boardwalk at Westlake Apartments and Townhomes has the second lowest priced unit, which is a Studio apartment currently listed from $795. Here are the most affordable Speedway apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Mariners Village | Studio | Studio,1BA | $748 |
| The Boardwalk at Westlake Apartments and Townhomes | Studio - 441 sqft | Studio,1BA | $795 |
| Hills Apartments | 1 Bedroom 1 Bath Apartment | 1BR,1BA | $800 |
| The Legend at Speedway | A1 | 1BR,1BA | $816 |
| The Maywood at Speedway | The Vesuvio | 1BR,1BA | $930 |
Best Value Apartments for Rent in Speedway, IN
As of May 08, 2025 the best value apartment in the Speedway area is the $1.06 price per square foot B3 - TH Model at Brickyard Flats in the in the Speedway Wellhead neighborhood starting from $1,160. The second greatest value Speedway apartment is the The Santa Maria Model at The Maywood at Speedway starting at $1,199 with a $1.29 price per square foot in the Cheswick Place neighborhood. Here is today’s list of the best values for Speedway apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Brickyard Flats | B3 - TH | 2BR,1.5BA | $1.06 |
| The Maywood at Speedway | The Santa Maria | 2BR,1.5BA | $1.29 |
| Abney Lake | 2 Bedroom Garden Fireplace | 2BR,1BA | $1.11 |
| Carriage House West | The Addison | 2BR,1BA | $1.50 |
| Astoria Park Apartment Homes | Two Bedroom - 850 sqft | 1BR,1BA | $1.39 |
| Eagle Lake Landing | The Islander | 1BR,1BA | $1.38 |
| Eagle’s Edge | Oak | 2BR,1BA | $1.51 |
| Hills Apartments | 2 Bedroom 1 Bath Apartment | 2BR,1BA | $1.30 |
| Mariners Village | Studio | Studio ,1BA | $1.24 |
| The Legend at Speedway | A1 | 1BR,1BA | $1.43 |
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 Speedway area?
If you’re an expert on all things Speedway, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Pet Friendly LifestyleSpeedway, Indianapolis, IN
Ranked #130
Among neighborhoods in Indianapolis, IN for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Best Local Schools in Speedway, Indianapolis, IN
James A Allison Elementary School 3
School Town Of Speedway
Public School - Grades K-6 (246)
9 out of 10
School data provided by Great Schools
Getting Around the Speedway Neighborhood in Indianapolis, IN
Walk Score®
61 / 100
Somewhat Walkable
Some errands can be accomplished on foot
Bike Score®
55 / 100
Bikeable
Some bike infrastructure
Transit Score®
3 / 100
Minimal Transit
It may be possible to get on a bus
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 Speedway Apartments
What is a cheap apartment in Speedway?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Speedway is under $1,139.
What is the price of a cheap apartment in Speedway?
The cheapest apartment in Speedway is The Legend at Speedway which is listed at $816, while the average apartment in Speedway costs $1,737.
What types of apartments are the cheapest in Speedway?
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 7 regular apartments in Speedway 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 Speedway?
Cheap apartments in Speedway have an average cost of $526 which is $1,211 cheaper than the average rent for all rentals in Speedway.
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.
The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.
Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.
Rise of Digital Nomads: Remote Work Tips for Apartment Renters
Written by: Brandie Parton
As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.