Best Affordable Neighborhoods in Indianapolis, IN
Some of the cheapest neighborhoods in Indianapolis are Arthur Browns Arlington Manor, Windsor Village, and Eastside. These neighborhoods offer some of the lowest rent prices in Indianapolis, making them ideal for renters on a budget. As of February 10, 2026, the average rent in Indianapolis is $1,111, which is 0.1% lower 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
$779/Month
TransitScore® Rating
36/100
Units Available
15 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 $779, while the city’s average stands at $1,111. Arthur Browns Arlington Manor is near Ellenberger Park, Eastwood Plaza, and IU - Indianapolis.
Windsor Village
Average Rent
$826/Month
TransitScore® Rating
33/100
Units Available
15 Rentals
Windsor Village is a top choice for budget-conscious renters for a variety of reasons. The average rent in Windsor Village is $826 while the city average is $1,111. Residents enjoy convenient access to Washington Park, Eastwood Plaza, and Windsor Village Park. The neighborhood is considered car-dependent with a WalkScore® of 40.
Eastside
Average Rent
$830/Month
Year-Over-Year Rent Change
0.8%
TransitScore® Rating
35/100
Units Available
22 Rentals
When you’re looking for a great Indianapolis neighborhood on a budget, check out Eastside. The average rent is $830, compared to the city average of $1,111. Rent prices have increased by 0.8%. Eastside is convenient to IU - Indianapolis, Windsor Village Park, and Ellenberger Park. The community is car-dependent with a WalkScore® of 48.
Augusta Green
Average Rent
$852/Month
TransitScore® Rating
22/100
Units Available
10 Rentals
Augusta Green is an affordable neighborhood in Indianapolis with an average rent price of $852. Compare this to the city average of $1,111. Augusta Green provides easy access to Daubenspeck Community Nature Park, Crooked Creek Centre, and Town Run Trail Park. It’s a car-dependent neighborhood with a WalkScore® of 38.
Bates-Hendricks
Average Rent
$864/Month
Year-Over-Year Rent Change
4.5%
TransitScore® Rating
38/100
Units Available
24 Rentals
If you’re looking for a great, affordable neighborhood in Indianapolis, Bates-Hendricks might be the perfect place! It has an average rent price of $864, while the city’s average stands at $1,111. In the last year, prices have decreased by 4.5%. Bates-Hendricks is near Garfield Park Conservatory and Sunken Gardens, Garfield Park, and CityWay.
Georgetown Crossing
Average Rent
$870/Month
Units Available
15 Rentals
Georgetown Crossing is a top choice for budget-conscious renters for a variety of reasons. The average rent in Georgetown Crossing is $870 while the city average is $1,111. Residents enjoy convenient access to Eagle Creek Park Ornithology Center, Kroger Plaza, and Oakbrook Square.
Grand View Acres
Average Rent
$885/Month
TransitScore® Rating
29/100
Units Available
34 Rentals
When you’re looking for a great Indianapolis neighborhood on a budget, check out Grand View Acres. The average rent is $885, compared to the city average of $1,111. Grand View Acres is convenient to Ivy Tech Community College, University of Indianapolis, and Madison Square. The community is somewhat walkable with a WalkScore® of 62.
Arlington Woods
Average Rent
$903/Month
Year-Over-Year Rent Change
4.3%
TransitScore® Rating
33/100
Units Available
11 Rentals
Arlington Woods is an affordable neighborhood in Indianapolis with an average rent price of $903. Compare this to the city average of $1,111. In the past year, rent prices have decreased by 4.3%. Arlington Woods provides easy access to Fort Harrison State Park, Ellenberger Park, and Gene B. Glick Nature Preserve. It’s a car-dependent neighborhood with a WalkScore® of 38.
Rivoli Park
Average Rent
$909/Month
TransitScore® Rating
38/100
Units Available
12 Rentals
If you’re looking for a great, affordable neighborhood in Indianapolis, Rivoli Park might be the perfect place! It has an average rent price of $909, while the city’s average stands at $1,111. Rivoli Park is near Douglass Park, Ivy Tech Community College, and Indianapolis International.
Devington
Average Rent
$911/Month
Year-Over-Year Rent Change
3.4%
TransitScore® Rating
33/100
Units Available
14 Rentals
Devington is a top choice for budget-conscious renters for a variety of reasons. The average rent in Devington is $911 while the city average is $1,111. This is a 3.4% difference from last year. Residents enjoy convenient access to Devington Plaza, Shadeland Corner, and Ivy Tech Community College. The neighborhood is considered car-dependent with a WalkScore® of 44.
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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.