Most Affordable Neighborhoods in Indianapolis, IN
Some of the cheapest neighborhoods in Indianapolis are New Agusta Woods, Georgetown Crossing, and Bates-Hendricks. These neighborhoods offer some of the lowest rent prices in Indianapolis, making them ideal for renters on a budget. As of September 12, 2025, the average rent in Indianapolis is $1,117, which is 1.7% 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.
New Agusta Woods
Average Rent
$857/Month
Units Available
13 Rentals
If you’re looking for a great, affordable neighborhood in Indianapolis, New Agusta Woods might be the perfect place! It has an average rent price of $857, while the city’s average stands at $1,117. New Agusta Woods is near Earth Discovery Center, Ivy Tech Community College, and Eagle Creek Park Ornithology Center.
Georgetown Crossing
Average Rent
$870/Month
Units Available
19 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 $1,117. Residents enjoy convenient access to Northwestway Park, New Augusta Shoppes, and Earth Discovery Center.
Bates-Hendricks
Average Rent
$871/Month
Year-Over-Year Rent Change
19%
TransitScore® Rating
38/100
Units Available
18 Rentals
When you’re looking for a great Indianapolis neighborhood on a budget, check out Bates-Hendricks. The average rent is $871, compared to the city average of $1,117. Rent prices have decreased by 19%. Bates-Hendricks is convenient to University of Indianapolis, Garfield Park, and Twin Aire Shopping Center. The community is somewhat walkable with a WalkScore® of 65.
Grand View Acres
Average Rent
$878/Month
TransitScore® Rating
29/100
Units Available
37 Rentals
Grand View Acres is an affordable neighborhood in Indianapolis with an average rent price of $878. Compare this to the city average of $1,117. Grand View Acres provides easy access to Glenns Valley Nature Park, Ivy Tech Community College, and Children's Garden Park. It’s a somewhat walkable neighborhood with a WalkScore® of 62.
Grassy Creek Village
Average Rent
$907/Month
Units Available
10 Rentals
If you’re looking for a great, affordable neighborhood in Indianapolis, Grassy Creek Village might be the perfect place! It has an average rent price of $907, while the city’s average stands at $1,117. Grassy Creek Village is near Post Road Community Park, Purdue Indianapolis, and Marian Univ., Indianapolis.
Eastside
Average Rent
$908/Month
Year-Over-Year Rent Change
5.3%
TransitScore® Rating
35/100
Units Available
12 Rentals
Eastside is a top choice for budget-conscious renters for a variety of reasons. The average rent in Eastside is $908 while the city average is $1,117. This is a 5.3% difference from last year. Residents enjoy convenient access to Butler University, Christian Park, and Douglass Park. The neighborhood is considered car-dependent with a WalkScore® of 48.
Bridgefield Villas
Average Rent
$913/Month
TransitScore® Rating
25/100
Units Available
31 Rentals
When you’re looking for a great Indianapolis neighborhood on a budget, check out Bridgefield Villas. The average rent is $913, compared to the city average of $1,117. Bridgefield Villas is convenient to Eagle Highland Shops, Marian Univ., Indianapolis, and Earth Discovery Center. The community is car-dependent with a WalkScore® of 5.
West Edgewood
Average Rent
$914/Month
TransitScore® Rating
29/100
Units Available
16 Rentals
West Edgewood is an affordable neighborhood in Indianapolis with an average rent price of $914. Compare this to the city average of $1,117. West Edgewood provides easy access to Garfield Park, University of Indianapolis, and Indianapolis International. It’s a somewhat walkable neighborhood with a WalkScore® of 57.
Edgewood
Average Rent
$920/Month
Year-Over-Year Rent Change
4.6%
TransitScore® Rating
28/100
Units Available
27 Rentals
If you’re looking for a great, affordable neighborhood in Indianapolis, Edgewood might be the perfect place! It has an average rent price of $920, while the city’s average stands at $1,117. In the last year, prices have decreased by 4.6%. Edgewood is near Perry Park, University of Indianapolis, and Retail Strip Center.
Estates at Crystal Bay
Average Rent
$920/Month
TransitScore® Rating
28/100
Units Available
61 Rentals
Estates at Crystal Bay is a top choice for budget-conscious renters for a variety of reasons. The average rent in Estates at Crystal Bay is $920 while the city average is $1,117. Residents enjoy convenient access to Augusta Plaza, Northwestway Park, and Purdue Indianapolis. The neighborhood is considered car-dependent with a WalkScore® of 23.
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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.