Best Affordable Neighborhoods in Indianapolis, IN
Some of the cheapest neighborhoods in Indianapolis are Arthur Browns Arlington Manor, Park 100, and New Augusta. These neighborhoods offer some of the lowest rent prices in Indianapolis, making them ideal for renters on a budget. As of December 27, 2025, the average rent in Indianapolis is $1,109, 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.
Arthur Browns Arlington Manor
Average Rent
$787/Month
TransitScore® Rating
36/100
Units Available
11 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 $787, while the city’s average stands at $1,109. Arthur Browns Arlington Manor is near Douglass Park, Ivy Tech Community College, and Butler University.
Park 100
Average Rent
$830/Month
TransitScore® Rating
26/100
Units Available
10 Rentals
Park 100 is a top choice for budget-conscious renters for a variety of reasons. The average rent in Park 100 is $830 while the city average is $1,109. Residents enjoy convenient access to Zionsville Crossing, Eagle Creek Park Ornithology Center, and Daubenspeck Community Nature Park. The neighborhood is considered car-dependent with a WalkScore® of 29.
New Augusta
Average Rent
$830/Month
TransitScore® Rating
25/100
Units Available
10 Rentals
When you’re looking for a great Indianapolis neighborhood on a budget, check out New Augusta. The average rent is $830, compared to the city average of $1,109. New Augusta is convenient to Indianapolis International, Ivy Tech Community College, and Earth Discovery Center. The community is car-dependent with a WalkScore® of 43.
Near NW Riverside
Average Rent
$836/Month
TransitScore® Rating
38/100
Units Available
12 Rentals
Near NW Riverside is an affordable neighborhood in Indianapolis with an average rent price of $836. Compare this to the city average of $1,109. Near NW Riverside provides easy access to Municipal Gardens, Ivy Tech Community College, and White River Trail. It’s a car-dependent neighborhood with a WalkScore® of 43.
Eastside
Average Rent
$840/Month
Year-Over-Year Rent Change
2.5%
TransitScore® Rating
35/100
Units Available
17 Rentals
If you’re looking for a great, affordable neighborhood in Indianapolis, Eastside might be the perfect place! It has an average rent price of $840, while the city’s average stands at $1,109. In the last year, prices have increased by 2.5%. Eastside is near Arlington Square Shopping Center, Christian Park, and IU - School of Medicine.
Augusta Green
Average Rent
$846/Month
TransitScore® Rating
22/100
Units Available
11 Rentals
Augusta Green is a top choice for budget-conscious renters for a variety of reasons. The average rent in Augusta Green is $846 while the city average is $1,109. Residents enjoy convenient access to Butler University, Eagle Creek Park Ornithology Center, and Michigan Road Plaza. The neighborhood is considered car-dependent with a WalkScore® of 38.
Windsor Village
Average Rent
$850/Month
TransitScore® Rating
33/100
Units Available
11 Rentals
When you’re looking for a great Indianapolis neighborhood on a budget, check out Windsor Village. The average rent is $850, compared to the city average of $1,109. Windsor Village is convenient to Butler University, Christian Park, and Ellenberger Park. The community is car-dependent with a WalkScore® of 40.
Georgetown Crossing
Average Rent
$862/Month
Units Available
24 Rentals
Georgetown Crossing is an affordable neighborhood in Indianapolis with an average rent price of $862. Compare this to the city average of $1,109. Georgetown Crossing provides easy access to Indianapolis International, Eagle Creek Park Ornithology Center, and IU - School of Medicine.
Grand View Acres
Average Rent
$884/Month
TransitScore® Rating
29/100
Units Available
34 Rentals
If you’re looking for a great, affordable neighborhood in Indianapolis, Grand View Acres might be the perfect place! It has an average rent price of $884, while the city’s average stands at $1,109. Grand View Acres is near Perry Park, Glenns Valley Nature Park, and Southport Centre.
Arlington Woods
Average Rent
$891/Month
Year-Over-Year Rent Change
6.9%
TransitScore® Rating
33/100
Units Available
12 Rentals
Arlington Woods is a top choice for budget-conscious renters for a variety of reasons. The average rent in Arlington Woods is $891 while the city average is $1,109. This is a -6.9% difference from last year. Residents enjoy convenient access to IU - Indianapolis, Indianapolis International, and Washington Park. The neighborhood is considered car-dependent with a WalkScore® of 38.
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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.