Cheap Homes for Rent in Wallace Crossing Neighborhood of Indianapolis, IN from $500 (14 Rentals)

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

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

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property at 1106 N Gale St

1106 N Gale St

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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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 $799. 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 3102BR,1BA$700
StonehengeStudioStudio,1BA$799
Courts Apartments1 Bedroom 1 Bathroom Apartment1BR,1BA$806
Vistas Apartments2 Bedroom 1.5 Bath Townhouse2BR,1BA$849
OlivewoodOne Bed One Bath1BR,1BA$875

Best Value Apartments for Rent in Wallace Crossing, IN

As of April 20, 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 2 Bedroom 1.5 Bath Townhouse Model at Vistas Apartments starting at $849 with a $0.93 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
Vistas Apartments2 Bedroom 1.5 Bath Townhouse2BR,1.5BA$0.93
The Aerie on 11th Street6260 East 11th Street - Apt 3102BR,1BA$0.82
Minnie Hartmann CenterThe Alma 50%2BR,1BA$1.37
Serenity Manor 55+ Independent Senior Living2 Bedroom/2 Bath2BR,2BA$1.49
Historic Irvington FlatsBeautiful Renovated Historic Apartment 1 bedroo...1BR,1BA$1.60
Parkhaven Apartments1 Bedroom 1 Bath Apartment1BR,1BA$1.52
OlivewoodOne Bed One Bath1BR,1BA$1.52
Courts Apartments1 Bedroom 1 Bathroom Apartment1BR,1BA$1.41
StonehengeStudioStudio ,1BA$2.77

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Frequently Asked Questions about Wallace Crossing

What type of rentals are currently available in Wallace Crossing?

There are currently 112 Apartments for Rent in Wallace Crossing, IN with pricing that ranges from $650 to $2,107. There are also 59 Single Family Homes for rent, Condos, and Townhome rentals currently available in Wallace Crossing ranging from $595 to $2,800.

What is the current price range for Rental Homes in Wallace Crossing?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Wallace Crossing ranges from $595 to $2,800 with an average monthly rent of $1,120.

How much are larger Three and Four Bedroom Rentals in Wallace Crossing?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Wallace Crossing range from $899 to $1,505, while Three Bedroom Homes, Condos, and Townhomes for rent range from $925 to $2,800. Four Bedroom Single-Family rentals are also available starting from $1,200 and Four Bedroom Apartments start at $1,688.

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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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.

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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.

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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.