Cheap Apartments for Rent in the Wallace Crossing Neighborhood of Indianapolis, IN from $300 (26 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Wallace Crossing area of Indianapolis.

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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property at 4302 E 10th St

4302 E 10th St

IndianapolisIN46201
property at 8 N Butler Ave

8 N Butler Ave

IndianapolisIN46219

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.

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Colonial Park
1 to 2 Bedroom Apartments

Colonial Park

4421 E Washington StIndianapolis, IN 46201
  • Utilities Included
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Butler Place
Studio to 1 Bedroom Apartments

Butler Place

5230 E Washington StIndianapolis, IN 46219
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Helen Louise Apartments
1 Bedroom Apartments

Helen Louise Apartments

5822 E Washington StIndianapolis, IN 46219
  • Utilities Included

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property at 15 N Riley Ave

15 N Riley Ave

IndianapolisIN46201

Wallace Crossing - 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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Showing Results 1-26, Page 1 of 1

Wallace Crossing, Indianapolis, IN Local Guide

Cheapest Available Wallace Crossing Apartments for Rent

 

The cheapest available apartment rental in the Wallace Crossing area of Indianapolis, IN is a 2 Beds unit found at The Aerie on 11th Street priced from $700. Stonehenge has the second lowest priced unit, which is a Studio apartment currently listed from $749. Here are the most affordable Wallace Crossing apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
The Aerie on 11th Street6260 East 11th Street - Apt 3072BR,1BA$700
StonehengeStudioStudio,1BA$749
Vistas Apartments2 Bedroom 1 Bath Apartment2BR,1BA$795
OlivewoodStudioStudio,1BA$820
50 - SAXONY COURT APARTMENTSSaxony 2 Bd Standard2BR,1BA$875
Courts Apartments2 Bedroom 1 Bathroom Apartment2BR,1BA$910
Parkhaven Apartments1 Bedroom 1 Bath Apartment1BR,1BA$949
Serenity Manor 55+ Independent Senior Living1 Bedroom/1 Bathroom1BR,1BA$965
Historic Irvington FlatsBeautiful Renovated Historic Apartment 1 bedroo...1BR,1BA$1,039
Welcome to Dawson Village – Welcome Home!2 BR/1 BA - Renovated Townhome2BR,1BA$1,095

Best Value Apartments for Rent in Wallace Crossing, IN

As of May 10, 2025 the best value apartment in the Wallace Crossing area is the $1.24 price per square foot Beautiful Renovated Historic Apartment - 2 bedr... Model at School 85 in the in the Southeast Indianapolis neighborhood starting from $1,610. The second greatest value Wallace Crossing apartment is the 7302 East Washington Street Model at 7302 East Washington Street, Unit A starting at $1,250 with a $1.04 price per square foot in the Southeast Indianapolis neighborhood. Here is today’s list of the best values for Wallace Crossing apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
School 85Beautiful Renovated Historic Apartment - 2 bedr...2BR,2BA$1.24
7302 East Washington Street, Unit A7302 East Washington StreetStudio ,1.5BA$1.04
Welcome to Dawson Village – Welcome Home!2 BR/1 BA - Renovated Townhome2BR,1BA$1.22
Vistas Apartments2 Bedroom 1 Bath Apartment2BR,1BA$1.10
The Aerie on 11th Street6260 East 11th Street - Apt 3052BR,1BA$0.82
Minnie Hartmann CenterThe Alma 50%2BR,1BA$1.48
Serenity Manor 55+ Independent Senior Living2 Bedroom/2 Bath2BR,2BA$1.49
Courts Apartments2 Bedroom 1 Bathroom Apartment2BR,1BA$1.08
214 N 9th Ave, Unit 214 N. 9th Avenue214 N 9th Ave2BR,1BA$1.18
50 - SAXONY COURT APARTMENTSSaxony 2 Bd Standard2BR,1BA$1.18

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Pet Friendly Lifestyle
Wallace Crossing, Indianapolis, IN

Ranked #219

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

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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Frequently Asked Questions about Cheap Wallace Crossing Apartments

What is a cheap apartment in Wallace Crossing?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Wallace Crossing is under $1,095.

What is the price of a cheap apartment in Wallace Crossing?

The cheapest apartment in Wallace Crossing is Parkhaven Apartments which is listed at $949, while the average apartment in Wallace Crossing costs $1,688.

What types of apartments are the cheapest in Wallace Crossing?

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 12 regular apartments in Wallace Crossing that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

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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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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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.

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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.