Best Affordable Neighborhoods in Indianapolis, IN
Some of the cheapest neighborhoods in Indianapolis are Forest Manor, Arthur Browns Arlington Manor, and Eastside. These neighborhoods offer some of the lowest rent prices in Indianapolis, making them ideal for renters on a budget. As of March 28, 2026, the average rent in Indianapolis is $1,118, which is 0.4% higher than last year. However, it's important to remember that rental prices can vary significantly based on factors such as location, amenities, and floor plans.
Forest Manor
Average Rent
$695/Month
Year-Over-Year Rent Change
0.3%
Units Available
10 Rentals
Forest Manor is an affordable neighborhood in Indianapolis with an average rent price of $695. Compare this to the city average of $1,118. In the past year, rent prices have increased by 0.3%. Forest Manor provides easy access to Emerson Square, Ivy Tech Community College, and Windsor Village Park.
Arthur Browns Arlington Manor
Average Rent
$788/Month
Units Available
12 Rentals
If you’re looking for a great, affordable neighborhood in Indianapolis, Arthur Browns Arlington Manor might be the perfect place! It has an average rent price of $788, while the city’s average stands at $1,118. Arthur Browns Arlington Manor is near IU - Indianapolis, Ellenberger Park, and Windsor Village Park.
Eastside
Average Rent
$791/Month
Year-Over-Year Rent Change
1.4%
Units Available
13 Rentals
Eastside is a top choice for budget-conscious renters for a variety of reasons. The average rent in Eastside is $791 while the city average is $1,118. This is a 1.4% difference from last year. Residents enjoy convenient access to Windsor Village, Washington Park, and Christian Park.
Georgetown Crossing
Average Rent
$864/Month
Units Available
18 Rentals
When you’re looking for a great Indianapolis neighborhood on a budget, check out Georgetown Crossing. The average rent is $864, compared to the city average of $1,118. Georgetown Crossing is convenient to Eagle Creek Park, Ivy Tech Community College, and Marian Univ., Indianapolis.
Bates-Hendricks
Average Rent
$893/Month
Year-Over-Year Rent Change
4.6%
Units Available
20 Rentals
Bates-Hendricks is an affordable neighborhood in Indianapolis with an average rent price of $893. Compare this to the city average of $1,118. In the past year, rent prices have decreased by 4.6%. Bates-Hendricks provides easy access to Twin Aire Shopping Center, Indianapolis International, and Garfield Park.
Devington
Average Rent
$914/Month
Year-Over-Year Rent Change
4.1%
Units Available
13 Rentals
If you’re looking for a great, affordable neighborhood in Indianapolis, Devington might be the perfect place! It has an average rent price of $914, while the city’s average stands at $1,118. In the last year, prices have increased by 4.1%. Devington is near Indianapolis International, IU - School of Medicine, and Shadeland Corner.
Grand View Acres
Average Rent
$919/Month
Units Available
39 Rentals
Grand View Acres is a top choice for budget-conscious renters for a variety of reasons. The average rent in Grand View Acres is $919 while the city average is $1,118. Residents enjoy convenient access to Greenwood Place, Northwest Park, and Southport Village Center.
Southdale
Average Rent
$932/Month
Year-Over-Year Rent Change
0.5%
Units Available
36 Rentals
When you’re looking for a great Indianapolis neighborhood on a budget, check out Southdale. The average rent is $932, compared to the city average of $1,118. Rent prices have increased by 0.5%. Southdale is convenient to IU - School of Medicine, Garfield Park, and Northwest Park.
Southgate Farms
Average Rent
$936/Month
Units Available
10 Rentals
Southgate Farms is an affordable neighborhood in Indianapolis with an average rent price of $936. Compare this to the city average of $1,118. Southgate Farms provides easy access to IU - Indianapolis, Northwest Park, and Westside Park.
Eastbrooke Meadows
Average Rent
$938/Month
Units Available
16 Rentals
If you’re looking for a great, affordable neighborhood in Indianapolis, Eastbrooke Meadows might be the perfect place! It has an average rent price of $938, while the city’s average stands at $1,118. Eastbrooke Meadows is near Butler University, Grassy Creek Commons, and Paul Ruster Park.
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Methodology
Transit Score measures access to public transit. Scores range from 0 (minimal transit) to 100 (rider’s paradise). Learn more about the Transit Score methodology. Rental data is sourced from CoStar Group’s Market Trend reports. As a leading authority in commercial real estate information, analytics, and news, CoStar performs in-depth research to build and sustain an extensive database of commercial real estate insights.
We've combined this data with public records to provide the most current rental information available.