Cheap Apartments for Rent in the Winchester Village Neighborhood of Indianapolis, IN from $700 (16 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Winchester Village 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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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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Windsor Court
1 to 2 Bedroom Apartments

Windsor Court

7302 Queen Anne CtIndianapolis, IN 46227
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Crestwood Village South
Studio to 2 Bedroom Apartments

Crestwood Village South

8809 Madison AveIndianapolis, IN 46227
Senior Living
  • Utilities Included

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.

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Fountain Lake Villas
Studio to 3 Bedroom Apartments

Fountain Lake Villas

2220 E Stop 13 RdIndianapolis, IN 46227

Winchester Village - 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!

Winchester Village, Indianapolis, IN Local Guide

Cheapest Available Winchester Village Apartments for Rent

 

The cheapest available apartment rental in the Winchester Village area of Indianapolis, IN is a 1 Bed unit found at Windsor Court priced from $840. Brookwood Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $850. Here are the most affordable Winchester Village apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Windsor CourtDeluxe One Bedroom (AN)1BR,1BA$840
Brookwood ApartmentsEvergreen Two1BR,1BA$850
The SycamoresA1 The Sycamores 1/11BR,1BA$950
Beechmill ApartmentsBeech1BR,1BA$975
The SterlingThe Lexington1BR,1BA$975

Best Value Apartments for Rent in Winchester Village, IN

As of May 10, 2025 the best value apartment in the Winchester Village area is the $1.27 price per square foot 3 Bedroom 2.5 Bath Townhome Model at Mansfield Village Townhomes in the in the Winchester Village neighborhood starting from $2,095. The second greatest value Winchester Village apartment is the Rosewood Model at Auburn Place Apartments starting at $1,617 with a $1.11 price per square foot in the Tracy Commons neighborhood. Here is today’s list of the best values for Winchester Village apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Mansfield Village Townhomes3 Bedroom 2.5 Bath Townhome3BR,2.5BA$1.27
Auburn Place ApartmentsRosewood3BR,1.5BA$1.11
South Haven Village Apartments2x1.5 TH2BR,1.5BA$1.22
Brookwood ApartmentsSycamore Two3BR,1.5BA$1.39
The SycamoresB2 The Spruce 2/22BR,2BA$1.38
Berkley CommonsTwo Bedroom 1.5 Bath TH2BR,1.5BA$1.27
Oak ParkForest1BR,1BA$1.12
Fountain Lake VillasThe Tahoe2BR,1BA$1.44
The SterlingThe Lexington1BR,1BA$1.32
Windsor CourtDeluxe One Bedroom (AN)1BR,1BA$1.37

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Winchester Village, Indianapolis, IN

Ranked #113

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

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals in metropolitan areas across the United States and customized analysis for South Indianapolis. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including rankings of the best places for proximity to parks, luxury amenities, transit availability, pet-friendly communities, multifamily communities for the kids, and much more. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Winchester Village Apartments

How much is rent for a Cheap One Bedroom Winchester Village Apartment?

The lowest price for a Cheap One Bedroom Winchester Village Apartment is $840 at Windsor Court.

What is the lowest price for a Cheap Two Bedroom Winchester Village Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Winchester Village is starting from $985 at Windsor Court.

What is the most affordable Winchester Village Three Bedroom Apartment?

The best deal on a cheap Winchester Village Three Bedroom Apartment rental is at Brookwood Apartments and starts from $1,372.

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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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.