Most Affordable Neighborhoods in Indianapolis, IN
Some of the cheapest neighborhoods in Indianapolis are Rivoli Park, Englewood, and Augusta Green. These neighborhoods offer some of the lowest rent prices in Indianapolis, making them ideal for renters on a budget. As of July 29, 2025, the average rent in Indianapolis is $1,127, which is 2.3% 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
$699/Month
TransitScore® Rating
38/100
Units Available
10 Rentals
When you’re looking for a great Indianapolis neighborhood on a budget, check out Rivoli Park. The average rent is $699, compared to the city average of $1,127. Rivoli Park is convenient to Purdue Indianapolis, Ivy Tech Community College, and Linwood Square. The community is somewhat walkable with a WalkScore® of 63.
Englewood
Average Rent
$761/Month
TransitScore® Rating
41/100
Units Available
10 Rentals
Englewood is an affordable neighborhood in Indianapolis with an average rent price of $761. Compare this to the city average of $1,127. Englewood provides easy access to Indianapolis International, University of Indianapolis, and Sherman Commons. It’s a somewhat walkable neighborhood with a WalkScore® of 50.
Augusta Green
Average Rent
$822/Month
TransitScore® Rating
22/100
Units Available
10 Rentals
If you’re looking for a great, affordable neighborhood in Indianapolis, Augusta Green might be the perfect place! It has an average rent price of $822, while the city’s average stands at $1,127. Augusta Green is near Crooked Creek Centre, Indianapolis International, and Crooked Creek Shoppes.
Estates at Crystal Bay
Average Rent
$881/Month
TransitScore® Rating
28/100
Units Available
68 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 $881 while the city average is $1,127. Residents enjoy convenient access to Daubenspeck Community Nature Park, Broad Ripple Park, and Butler University. The neighborhood is considered car-dependent with a WalkScore® of 23.
Grand View Acres
Average Rent
$890/Month
TransitScore® Rating
29/100
Units Available
36 Rentals
When you’re looking for a great Indianapolis neighborhood on a budget, check out Grand View Acres. The average rent is $890, compared to the city average of $1,127. Grand View Acres is convenient to Purdue Indianapolis, Southport Centre, and Greenwood Place. The community is somewhat walkable with a WalkScore® of 62.
Eastside
Average Rent
$908/Month
Year-Over-Year Rent Change
3.4%
TransitScore® Rating
35/100
Units Available
11 Rentals
Eastside is an affordable neighborhood in Indianapolis with an average rent price of $908. Compare this to the city average of $1,127. In the past year, rent prices have increased by 3.4%. Eastside provides easy access to Arlington Square, University of Indianapolis, and Douglass Park. It’s a car-dependent neighborhood with a WalkScore® of 48.
Georgetown Crossing
Average Rent
$916/Month
Units Available
32 Rentals
If you’re looking for a great, affordable neighborhood in Indianapolis, Georgetown Crossing might be the perfect place! It has an average rent price of $916, while the city’s average stands at $1,127. Georgetown Crossing is near Eagle Creek Park Ornithology Center, Ivy Tech Community College, and Northwestway Park.
New Agusta Woods
Average Rent
$917/Month
Units Available
22 Rentals
New Agusta Woods is a top choice for budget-conscious renters for a variety of reasons. The average rent in New Agusta Woods is $917 while the city average is $1,127. Residents enjoy convenient access to Northwestway Park, Butler University, and Earth Discovery Center.
West Edgewood
Average Rent
$919/Month
TransitScore® Rating
29/100
Units Available
17 Rentals
When you’re looking for a great Indianapolis neighborhood on a budget, check out West Edgewood. The average rent is $919, compared to the city average of $1,127. West Edgewood is convenient to Madison & Edgewood Shoppes, Marian Univ., Indianapolis, and Southgreen Plaza Shopping Center. The community is somewhat walkable with a WalkScore® of 57.
Carson Square
Average Rent
$922/Month
TransitScore® Rating
17/100
Units Available
10 Rentals
Carson Square is an affordable neighborhood in Indianapolis with an average rent price of $922. Compare this to the city average of $1,127. Carson Square provides easy access to Garfield Park, University of Indianapolis, and Perry Park. It’s a car-dependent neighborhood with a WalkScore® of 24.
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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.