Cheapest Neighborhoods in Indianapolis, IN
Some of the cheapest neighborhoods in Indianapolis are Eastside, Bates-Hendricks, and Arlington Woods. These neighborhoods offer some of the lowest rent prices in Indianapolis, making them ideal for renters on a budget. As of September 25, 2026, the average rent in Indianapolis is $1,126, which is 0.9% 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.
Eastside
Average Rent
$820/Month
Year-Over-Year Rent Change
3.2%
Units Available
12 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 $820, while the city’s average stands at $1,126. In the last year, prices have decreased by 3.2%. Eastside is near Washington Park, Purdue University, and IU - School of Medicine.
Bates-Hendricks
Average Rent
$833/Month
Year-Over-Year Rent Change
0.2%
Units Available
14 Rentals
Bates-Hendricks is a top choice for budget-conscious renters for a variety of reasons. The average rent in Bates-Hendricks is $833 while the city average is $1,126. This is a 0.2% difference from last year. Residents enjoy convenient access to University of Indianapolis, Indianapolis International, and Garfield Park.
Arlington Woods
Average Rent
$866/Month
Year-Over-Year Rent Change
1.4%
Units Available
12 Rentals
When you’re looking for a great Indianapolis neighborhood on a budget, check out Arlington Woods. The average rent is $866, compared to the city average of $1,126. Rent prices have increased by 1.4%. Arlington Woods is convenient to Gene B. Glick Nature Preserve, Fort Harrison State Park, and Shadeland Shoppes.
University Hghts-Rosedale Hills
Average Rent
$872/Month
Units Available
12 Rentals
University Hghts-Rosedale Hills is an affordable neighborhood in Indianapolis with an average rent price of $872. Compare this to the city average of $1,126. University Hghts-Rosedale Hills provides easy access to Purdue University, Garfield Park, and Bethel Park.
Devington
Average Rent
$911/Month
Year-Over-Year Rent Change
0.3%
Units Available
34 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 $911, while the city’s average stands at $1,126. In the last year, prices have increased by 0.3%. Devington is near Butler University, Shadeland Corner, and Washington Park.
University Heights
Average Rent
$921/Month
Year-Over-Year Rent Change
2.3%
Units Available
24 Rentals
University Heights is a top choice for budget-conscious renters for a variety of reasons. The average rent in University Heights is $921 while the city average is $1,126. This is a 2.3% difference from last year. Residents enjoy convenient access to Garfield Park Conservatory and Sunken Gardens, Purdue University, and Christian Park.
Cumberland
Average Rent
$931/Month
Year-Over-Year Rent Change
4.7%
Units Available
16 Rentals
When you’re looking for a great Indianapolis neighborhood on a budget, check out Cumberland. The average rent is $931, compared to the city average of $1,126. Rent prices have increased by 4.7%. Cumberland is convenient to Windsor Village Park, IU - School of Medicine, and Paul Ruster Park.
Northwest High School
Average Rent
$965/Month
Year-Over-Year Rent Change
1.1%
Units Available
39 Rentals
Northwest High School is an affordable neighborhood in Indianapolis with an average rent price of $965. Compare this to the city average of $1,126. In the past year, rent prices have increased by 1.1%. Northwest High School provides easy access to Eagle Creek Shoppes, Indianapolis International, and IU - School of Medicine.
Crooked Creek
Average Rent
$970/Month
Year-Over-Year Rent Change
2.2%
Units Available
104 Rentals
If you’re looking for a great, affordable neighborhood in Indianapolis, Crooked Creek might be the perfect place! It has an average rent price of $970, while the city’s average stands at $1,126. In the last year, prices have decreased by 2.2%. Crooked Creek is near Ivy Tech Community College, Daubenspeck Community Nature Park, and Indianapolis International.
Garden City
Average Rent
$976/Month
Year-Over-Year Rent Change
1.1%
Units Available
129 Rentals
Garden City attracts renters with its affordable living and green spaces. Rhodius Park features sports facilities, a pool, and playgrounds for community activities. Nearby retail centers ensure convenient access to shopping and dining necessities.
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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.