Cheap Homes for Rent in Marion County, IN from $500 (230 Rentals)

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Search the lowest-cost Homes available for rent right now in Marion County.

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Cheapest Available Marion County Apartments for Rent

 

The cheapest available apartment rental in Marion County, IN is a Studio unit found at Illinois Street Senior Apartments in the Near North Indianapolis neighborhood priced from $462. Kennedy Apartments in the Near North Indianapolis neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $559. Here is today’s list of the most affordable Marion County apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Illinois Street Senior ApartmentsStudio 3 30%Studio,1BA$462
Kennedy Apartments1 Bed 1 Bath1BR,1BA$559
The StratfordStudioStudio,1BA$610
Meridian TowersStudio ApartmentStudio,1BA$629
Glenstone StudiosStudioStudio,1BA$649
Fields Apartments1 Bedroom 1 Bath Apartment1BR,1BA$661
East Village at Avondale Meadows ApartmentsC13BR,2BA$662
Oxmoor Indy1BR/1.0BA1BR,1BA$699
Stone Lake1X11BR,1BA$699
Country Club ApartmentsStudioStudio,1BA$699

Best Value Apartments for Rent in Marion County, IN

As of April 25, 2025 the best value apartment in the Marion County area is the $0.73 price per square foot 2608 Madison Ave Model at 2608 Madison Ave, Unit Madison in the in the Concord neighborhood starting from $1,600. The second greatest value Marion County apartment is the 2 Bedroom Townhome Model at SOUTHPORT AT BUCK CREEK starting at $1,299 with a $0.93 price per square foot in the Thompson-Edgewood neighborhood. Here is today’s list of the best values for Marion County apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
2608 Madison Ave, Unit Madison2608 Madison Ave3BR,2BA$0.73
SOUTHPORT AT BUCK CREEK2 Bedroom Townhome2BR,1.5BA$0.93
Fields Apartments3 Bedroom 2 Bath Apartment3BR,2BA$0.93
Paragon ParkTwo Bedroom 1.5 Bath2BR,1.5BA$0.98
Glen Ridge Manor Townhomes and FlatsGlen Ridge 2 Bedroom Townhome2BR,1BA$0.90
60 - ADDISON APARTMENTS1st Floor Standard + W/D Hookups2BR,1BA$0.95
Timber Point ApartmentsThe Bonelli2BR,2BA$0.98
Brookhaven Apartments1 Bed 1 Bath1BR,1BA$0.86
The Aerie on 11th Street6260 East 11th Street - Apt 3052BR,1BA$0.82
Oxmoor Indy1BR/1.0BA1BR,1BA$1.00

Frequently Asked Questions about Marion County

What type of rentals are currently available in Marion County?

There are currently 1361 Apartments for Rent in Marion County, IN with pricing that ranges from $280 to $15,990. There are also 1027 Single Family Homes for rent, Condos, and Townhome rentals currently available in Marion County ranging from $600 to $6,500.

What is the current price range for Rental Homes in Marion County?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Marion County ranges from $600 to $6,500 with an average monthly rent of $2,093.

How much are larger Three and Four Bedroom Rentals in Marion County?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Marion County range from $930 to $6,700, while Three Bedroom Homes, Condos, and Townhomes for rent range from $700 to $6,200. Four Bedroom Single-Family rentals are also available starting from $1,200 and Four Bedroom Apartments start at $700.

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 Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

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.

decorative image for Know Your Rights - How Discrimination Laws Impact Landlords and Tenants article

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.

decorative image for Renting Smart: Lease Basics Every Renter Needs article

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.

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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.