4333 Aspen Way
IndianapolisIN46226
Cheap Homes for Rent in Towne and Terrace Neighborhood of Indianapolis, IN from $1,100 (4 Rentals)
Search the lowest-cost Homes available for rent right now in the Towne and Terrace area of Indianapolis.
3901 Chateau Dr
IndianapolisIN46226
8254 Meadowlark Dr
IndianapolisIN46226
8061 Harrison Dr
LawrenceIN46226
Towne and Terrace
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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Towne and Terrace, Indianapolis, IN Local Guide
How much does it cost to rent a home in Towne and Terrace?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Towne and Terrace 3 Bedroom Homes for Rent | $1,411 | $1,150 | $2,100 |
| Towne and Terrace 4 Bedroom Homes for Rent | $1,652 | $1,395 | $2,295 |
Browse Homes for Rent in this Neighborhood
There are currently 4 rentals with your search options within a 2 mile radius of the Towne and Terrace Neighborhood of Indianapolis, IN.
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Towne and Terrace, Indianapolis, IN Local Guide
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Best Value Apartments for Rent in Towne and Terrace, IN
As of March 30, 2025 the best value apartment in the Towne and Terrace area is the $0.92 price per square foot Two Bedroom One Bath Model at Paragon Park in the in the Southeast Indianapolis neighborhood starting from $1,119. The second greatest value Towne and Terrace apartment is the 3BR2B -Reserve at Franklin Glen Model at Reserve at Franklin Glen starting at $1,391 with a $1.17 price per square foot in the Southeast Indianapolis neighborhood. Here is today’s list of the best values for Towne and Terrace apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Paragon Park | Two Bedroom One Bath | 2BR,1BA | $0.92 |
| Reserve at Franklin Glen | 3BR2B -Reserve at Franklin Glen | 3BR,2BA | $1.17 |
| The Fort Apartments | Buchanan | 2BR,2BA | $1.71 |
| Kingston Square Apartments | The Maple | 2BR,1.5BA | $1.69 |
| Fountainview Apartments | 2BR/1BA | 2BR,1BA | $1.45 |
| Harrison Point Apartments | Ruby Reno | 2BR,1BA | $1.52 |
| Vineyards Apartments | 2 Bedroom 1 Bath Apartment | 2BR,1BA | $1.39 |
| Indy Town Apartments | Arlington Green 2 bedroom | 2BR,1BA | $1.34 |
| Serenity Park Apartments | 1 Bedroom 1 Bath | 1BR,1BA | $1.29 |
| Spanish Oaks | Studio | Studio ,1BA | $1.86 |
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Frequently Asked Questions about Towne and Terrace
What type of rentals are currently available in Towne and Terrace?
There are currently 29 Apartments for Rent in Towne and Terrace, IN with pricing that ranges from $707 to $2,899. There are also 15 Single Family Homes for rent, Condos, and Townhome rentals currently available in Towne and Terrace ranging from $1,150 to $2,295.
What is the current price range for Rental Homes in Towne and Terrace?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Towne and Terrace ranges from $1,150 to $2,295 with an average monthly rent of $1,531.
How much are larger Three and Four Bedroom Rentals in Towne and Terrace?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Towne and Terrace range from $1,391 to $2,290, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,150 to $2,100. Four Bedroom Single-Family rentals are also available starting from $1,395 and Four Bedroom Apartments start at $1,529.
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.
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.
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.
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.