Cheap Apartments for Rent in the Speedway Neighborhood of Indianapolis, IN from $400 (14 Rentals)

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Cheap Apartments in the Speedway area of Indianapolis.

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Fisher Apartments
Studio Apartments

Fisher Apartments

5125 W 10th StIndianapolis, IN 46224
  • Utilities Included
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Sebring Court
1 Bedroom Apartments

Sebring Court

1902 Parsons DrIndianapolis, IN 46224

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!

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Brickyard Flats
1 to 3 Bedroom Apartments

Brickyard Flats

6363 Hollister DrSpeedway, IN 46224

Speedway, Indianapolis, IN Local Guide

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 $785. Here are the most affordable Speedway apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Mariners VillageStudioStudio,1BA$748
The Boardwalk at Westlake Apartments and TownhomesStudio - 441 sqftStudio,1BA$785
The Legend at SpeedwayA11BR,1BA$786
Hills Apartments1 Bedroom 1 Bath Apartment1BR,1BA$845
Abney Lake1 Bedroom Fireplace1BR,1BA$874

Best Value Apartments for Rent in Speedway, IN

As of May 02, 2025 the best value apartment in the Speedway area is the $1.42 price per square foot The Bay Breeze Model at Eagle Lake Landing in the in the Cheswick Place neighborhood starting from $1,227. The second greatest value Speedway apartment is the The Addison Model at Carriage House West starting at $1,294 with a $1.50 price per square foot in the Northwest Indianapolis neighborhood. Here is today’s list of the best values for Speedway apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Eagle Lake LandingThe Bay Breeze1BR,2BA$1.42
Carriage House WestThe Addison2BR,1BA$1.50
The Maywood at SpeedwayThe Adams1BR,1BA$1.20
Eagle’s EdgeOak2BR,1BA$1.51
Abney Lake1 Bedroom Fireplace1BR,1BA$1.25
Astoria Park Apartment HomesOne Bedroom - 670 sqft1BR,1BA$1.47
The HermitageThe Retreat1BR,1BA$1.56
Hills Apartments1 Bedroom 1 Bath Apartment1BR,1BA$1.35
Mariners VillageStudioStudio ,1BA$1.24
The Legend at SpeedwayA11BR,1BA$1.38

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Pet Friendly Lifestyle
Speedway, Indianapolis, IN

Ranked #128

Among neighborhoods in Indianapolis, IN for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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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

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 $1,094.

What is the price of a cheap apartment in Speedway?

The cheapest apartment in Speedway is The Legend at Speedway which is listed at $786, while the average apartment in Speedway costs $1,724.

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 $427 which is $1,297 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.

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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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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.

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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.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.