Most Affordable Neighborhoods in Indianapolis, IN
Some of the cheapest neighborhoods in Indianapolis are Rivoli Park, Bosart Brown, and Irvington. These neighborhoods offer some of the lowest rent prices in Indianapolis, making them ideal for renters on a budget. As of June 13, 2025, the average rent in Indianapolis is $1,124, which is 2.7% 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.
Rivoli Park
Average Rent
$677/Month
TransitScore® Rating
38/100
Units Available
14 Rentals
When you’re looking for a great Indianapolis neighborhood on a budget, check out Rivoli Park. The average rent is $677, compared to the city average of $1,124. Rivoli Park is convenient to Indianapolis International, University of Indianapolis, and Ellenberger Park. The community is somewhat walkable with a WalkScore® of 63.
Bosart Brown
Average Rent
$763/Month
TransitScore® Rating
40/100
Units Available
11 Rentals
Bosart Brown is an affordable neighborhood in Indianapolis with an average rent price of $763. Compare this to the city average of $1,124. Bosart Brown provides easy access to English Avenue Shoppes, Windsor Village Park, and University of Indianapolis. It’s a car-dependent neighborhood with a WalkScore® of 48.
Irvington
Average Rent
$846/Month
Year-Over-Year Rent Change
1.8%
TransitScore® Rating
34/100
Units Available
13 Rentals
If you’re looking for a great, affordable neighborhood in Indianapolis, Irvington might be the perfect place! It has an average rent price of $846, while the city’s average stands at $1,124. In the last year, prices have increased by 1.8%. Irvington is near Arlington Square, University of Indianapolis, and Ivy Tech Community College.
Eastside
Average Rent
$850/Month
Year-Over-Year Rent Change
2.2%
TransitScore® Rating
35/100
Units Available
11 Rentals
Eastside is a top choice for budget-conscious renters for a variety of reasons. The average rent in Eastside is $850 while the city average is $1,124. This is a 2.2% difference from last year. Residents enjoy convenient access to Christian Park, Windsor Village, and Butler University. The neighborhood is considered car-dependent with a WalkScore® of 48.
Grand View Acres
Average Rent
$889/Month
TransitScore® Rating
29/100
Units Available
37 Rentals
When you’re looking for a great Indianapolis neighborhood on a budget, check out Grand View Acres. The average rent is $889, compared to the city average of $1,124. Grand View Acres is convenient to Perry Park, Marian Univ., Indianapolis, and Southport Centre. The community is somewhat walkable with a WalkScore® of 62.
Georgetown Crossing
Average Rent
$907/Month
Units Available
18 Rentals
Georgetown Crossing is an affordable neighborhood in Indianapolis with an average rent price of $907. Compare this to the city average of $1,124. Georgetown Crossing provides easy access to Daubenspeck Community Nature Park, Oakbrook Square, and Marian Univ., Indianapolis.
Southport
Average Rent
$914/Month
TransitScore® Rating
3/100
Units Available
36 Rentals
If you’re looking for a great, affordable neighborhood in Indianapolis, Southport might be the perfect place! It has an average rent price of $914, while the city’s average stands at $1,124. Southport is near Craig Park, Perry Park, and Ivy Tech Community College.
University Heights
Average Rent
$914/Month
Year-Over-Year Rent Change
0.6%
TransitScore® Rating
34/100
Units Available
27 Rentals
University Heights is a top choice for budget-conscious renters for a variety of reasons. The average rent in University Heights is $914 while the city average is $1,124. This is a 0.6% difference from last year. Residents enjoy convenient access to South Keystone Shoppes, Beech Grove Shopping Center, and Perry Park. The neighborhood is considered somewhat walkable with a WalkScore® of 51.
New Agusta Woods
Average Rent
$918/Month
Units Available
13 Rentals
When you’re looking for a great Indianapolis neighborhood on a budget, check out New Agusta Woods. The average rent is $918, compared to the city average of $1,124. New Agusta Woods is convenient to Purdue Indianapolis, Indianapolis International, and Eagle Creek Park.
Carson Heights
Average Rent
$923/Month
TransitScore® Rating
35/100
Units Available
20 Rentals
Carson Heights is an affordable neighborhood in Indianapolis with an average rent price of $923. Compare this to the city average of $1,124. Carson Heights provides easy access to Indianapolis International, Ivy Tech Community College, and Garfield Park Conservatory and Sunken Gardens. It’s a somewhat walkable neighborhood with a WalkScore® of 56.
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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.