Best Affordable Neighborhoods in Indianapolis, IN
Some of the cheapest neighborhoods in Indianapolis are Bayswater at Eagle Creek, 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 November 11, 2025, the average rent in Indianapolis is $1,108, which is 0.4% 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.
Bayswater at Eagle Creek
Average Rent
$849/Month
Units Available
12 Rentals
If you’re looking for a great, affordable neighborhood in Indianapolis, Bayswater at Eagle Creek might be the perfect place! It has an average rent price of $849, while the city’s average stands at $1,108. Bayswater at Eagle Creek is near Eagle Highland Shoppes, Marian Univ., Indianapolis, and Ivy Tech Community College.
Georgetown Crossing
Average Rent
$868/Month
Units Available
11 Rentals
Georgetown Crossing is a top choice for budget-conscious renters for a variety of reasons. The average rent in Georgetown Crossing is $868 while the city average is $1,108. Residents enjoy convenient access to Earth Discovery Center, Oakbrook Square, and New Augusta Shoppes.
Bates-Hendricks
Average Rent
$876/Month
Year-Over-Year Rent Change
19.1%
TransitScore® Rating
38/100
Units Available
17 Rentals
When you’re looking for a great Indianapolis neighborhood on a budget, check out Bates-Hendricks. The average rent is $876, compared to the city average of $1,108. Rent prices have decreased by 19.1%. Bates-Hendricks is convenient to Garfield Park, Indianapolis International, and Garfield Park Conservatory and Sunken Gardens. The community is somewhat walkable with a WalkScore® of 65.
Eastside
Average Rent
$885/Month
Year-Over-Year Rent Change
3.3%
TransitScore® Rating
35/100
Units Available
15 Rentals
Eastside is an affordable neighborhood in Indianapolis with an average rent price of $885. Compare this to the city average of $1,108. In the past year, rent prices have increased by 3.3%. Eastside provides easy access to Windsor Village, Butler University, and Douglass Park. It’s a car-dependent neighborhood with a WalkScore® of 48.
Grand View Acres
Average Rent
$887/Month
TransitScore® Rating
29/100
Units Available
39 Rentals
If you’re looking for a great, affordable neighborhood in Indianapolis, Grand View Acres might be the perfect place! It has an average rent price of $887, while the city’s average stands at $1,108. Grand View Acres is near Glenns Valley Nature Park, Perry Park, and Indianapolis International.
Highlands Trail
Average Rent
$894/Month
Units Available
23 Rentals
Highlands Trail is a top choice for budget-conscious renters for a variety of reasons. The average rent in Highlands Trail is $894 while the city average is $1,108. Residents enjoy convenient access to Northwestway Park, Earth Discovery Center, and Eagle Highland Shops.
Arlington Woods
Average Rent
$898/Month
Year-Over-Year Rent Change
6.9%
TransitScore® Rating
33/100
Units Available
13 Rentals
When you’re looking for a great Indianapolis neighborhood on a budget, check out Arlington Woods. The average rent is $898, compared to the city average of $1,108. Rent prices have decreased by 6.9%. Arlington Woods is convenient to Shadeland Shoppes, Butler University, and Eastwood Shopping Center. The community is car-dependent with a WalkScore® of 38.
Edgewood
Average Rent
$909/Month
Year-Over-Year Rent Change
5.6%
TransitScore® Rating
28/100
Units Available
22 Rentals
Edgewood is an affordable neighborhood in Indianapolis with an average rent price of $909. Compare this to the city average of $1,108. In the past year, rent prices have decreased by 5.6%. Edgewood provides easy access to Perry Park, Madison Court Shopping Center, and Bethel Park. It’s a somewhat walkable neighborhood with a WalkScore® of 53.
Southern View
Average Rent
$913/Month
Units Available
12 Rentals
If you’re looking for a great, affordable neighborhood in Indianapolis, Southern View might be the perfect place! It has an average rent price of $913, while the city’s average stands at $1,108. Southern View is near Ivy Tech Community College, Bethel Park, and Indianapolis International.
Northwest High School
Average Rent
$917/Month
Year-Over-Year Rent Change
3.7%
TransitScore® Rating
33/100
Units Available
49 Rentals
Northwest High School is a top choice for budget-conscious renters for a variety of reasons. The average rent in Northwest High School is $917 while the city average is $1,108. This is a -3.7% difference from last year. Residents enjoy convenient access to Northwestway Park, Eagle Creek Park Ornithology Center, and Eagle Creek Shoppes. The neighborhood is considered car-dependent with a WalkScore® of 47.
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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.