3901 Chateau Dr
IndianapolisIN46226
Cheap Homes for Rent in Towne and Terrace Neighborhood of Indianapolis, IN from $1,100 (5 Rentals)
Search the lowest-cost Homes available for rent right now in the Towne and Terrace area of Indianapolis.
8826 Bel Air Ct
IndianapolisIN46226
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.
10104 Meadowlark Dr
IndianapolisIN46235
8254 Meadowlark Dr
IndianapolisIN46226
Towne and Terrace - 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!
8061 Harrison Dr
LawrenceIN46226
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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 | $1,421 | $1,150 | $2,100 |
| Towne and Terrace 4 Bedroom Homes for Rent | $1,832 | $1,395 | $2,295 |
Browse Homes for Rent in this Neighborhood
There are currently 5 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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Cheapest Available Towne and Terrace Apartments for Rent
The cheapest available apartment rental in the Towne and Terrace area of Indianapolis, IN is a Studio unit found at Vineyards Apartments priced from $761. Serenity Park Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $769. Here are the most affordable Towne and Terrace apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Vineyards Apartments | Studio Apartment | Studio,1BA | $761 |
| Serenity Park Apartments | 1 Bedroom 1 Bath | 1BR,1BA | $769 |
| Kingston Square Apartments | The Ash | Studio,1BA | $879 |
Best Value Apartments for Rent in Towne and Terrace, IN
As of April 17, 2025 the best value apartment in the Towne and Terrace area is the $1.31 price per square foot 2BR2B- Reserve at Franklin Glen Model at Reserve at Franklin Glen in the in the Southeast Indianapolis neighborhood starting from $1,220. The second greatest value Towne and Terrace apartment is the The Maple Model at Kingston Square Apartments starting at $1,499 with a $1.69 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. |
|---|---|---|---|
| Reserve at Franklin Glen | 2BR2B- Reserve at Franklin Glen | 2BR,2BA | $1.31 |
| 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 |
| The Fort Apartments | Monroe | 1BR,1BA | $1.87 |
| Indy Town Apartments | Arlington Green 2 bedroom | 2BR,1BA | $1.33 |
| The Otis at Fort Ben Apartments | Alpine | 1BR,1BA | $2.27 |
| Serenity Park Apartments | 1 Bedroom 1 Bath | 1BR,1BA | $1.29 |
| Spanish Oaks | Studio | Studio ,1BA | $1.86 |
| Vineyards Apartments | Studio Apartment | Studio ,1BA | $1.84 |
Quick Rent Budget Calculator
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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 $704 to $2,473. There are also 19 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 $1,626.
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 $1,395 to $2,260, 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 $1,499.
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.
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.
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.