Cheapest Places to Live in Indianapolis: Apartment List’s 2025 Ranking

Eastside, Edgewood, Snacks Guion Creek, and University Heights top the list of the cheapest neighborhoods in Indianapolis. These areas offer some of the lowest average rents in the city, making them solid picks for renters looking to save without giving up on access to downtown, transit, or local amenities.

According to Apartment List’s latest 2025 data, these neighborhoods fall well below the citywide average for one- and two-bedroom apartments, sometimes by several hundred dollars. Whether you're a student, a remote worker, or just trying to cut back on housing costs, these budget-friendly Indianapolis neighborhoods offer real value.

Below, we’ll break down where to find the lowest rent and cost of living in Indianapolis and what to expect when you live there.

Indianapolis Rent Snapshot: How We Built This Ranking

To uncover the cheapest neighborhoods in Indianapolis, we analyzed August 2025 rent data from Apartment List’s active listings across the city. This ranking focuses exclusively on price (what renters are actually paying in today’s market) rather than factors like safety, school quality, or neighborhood amenities. Those additional lifestyle details are included later in the guide to give you a fuller picture of what to expect.

Every figure in this list is pulled from live listings, not outdated averages or projections.

To be included in our ranking, a neighborhood needed to meet three key criteria:

• Average one-bedroom rent near or below the citywide average of $1,297
• Sufficient listings to reflect real renter activity (not just one-off deals)
• Proximity to major roads or IndyGo bus lines, making commuting easier even in lower-cost areas
• Rental variety, from budget apartments to mid-range units, for flexible leasing options across income levels

These picks reflect where affordability meets access, and where your housing dollar goes the furthest in Indianapolis right now.

Apartment List Data Sources and Rent Report

Apartment List’s rental data is built from millions of real-time listings and renter surveys, creating a detailed monthly look at housing prices in cities like Indianapolis. Our core benchmark is the Apartment List Rent Report, which tracks weighted median rents by bedroom size and adjusts for seasonal shifts, so the numbers reflect what renters are actually paying month to month.

To ensure accuracy for Indianapolis, we also cross-reference neighborhood data from Apartments.com, U.S. Census housing data, and verified market trends, as of August 2025. The rent figures in this guide are based on the most current data available, updated through August 2025.

What Indianapolis Rents Look Like Right Now

As of August 2025, the median rent in Indianapolis is $1,252, holding steady from last month and up about 2.3% compared to this time last year. This dip mirrors national trends, where rent growth has slowed in many midsize cities, giving renters a bit more negotiating power.

Here’s how Indianapolis stacks up against the national median:

That puts Indianapolis rents about 12.5% below the national median, on par with cities like Des Moines, IA and Knoxville, TN. While Indy’s affordability is a major draw, seasonal factors (like college move-outs and heat-driven vacancy surges) can cause short-term fluctuations in rent prices.

The Most Affordable Neighborhoods in Indianapolis (2025)

Looking to save on rent in Indy? These four neighborhoods rank as the most affordable places to live in Indianapolis for 2025, based on average one-bedroom rents. We compared each area’s typical rent to the citywide one-bedroom average of $1,297 to calculate just how far your housing budget can stretch.

While other areas like Devington or Near Eastside hover slightly below the city average, Eastside, Edgewood, Snacks-Guion Creek, and University Heights all offer deeper rent discounts, ranging from 25% to nearly 45% below average. These picks offer real savings, whether you're after a starter apartment, more space, or just a better deal in a still-connected neighborhood..

Eastside

• Average One-Bedroom Rent : $717
• Average Two-Bedroom Rent: $800
• Number of currently available units: 40
• Walk score: 36
• Transit score:35
• Bike score: 43
• Map of Eastside

With an average one-bedroom rent of $717 and two-bedroom units averaging just $800, Eastside is one of the most affordable neighborhoods in Indianapolis, coming in nearly 45% below the city average. Renters have several types of listings to choose from, making it ideal for budget-conscious movers who want options.

While walkability and transit are modest (Walk Score: 36, Transit Score: 35), the neighborhood covers a wide residential area with access to schools, parks, and local eateries. Affordable housing types include older duplexes, ranch-style homes, and low-rise apartments. It’s a top pick for families or students who prioritize value over luxury. For those with a car, commuting into downtown or nearby retail centers is easy via I-70 or East Washington Street.

Edgewood

• Average One-Bedroom Rent: $960
• Average Two-Bedroom Rent: $1,066
• Number of currently available units: 8
• Walk score: 29
• Transit score: 22
• Bike score: 38
• Map of Edgewood

Edgewood offers affordability and peace of mind in a quiet, residential setting. With average one-bedroom rents at $960 and two-bedrooms around $1,066, it’s nearly 26% more affordable than the city average.

Although walkability and transit scores are low (Walk Score: 29, Transit Score: 22), the area’s appeal lies in its suburban-style streets, green spaces, and privacy. Renters here often enjoy larger yards, off-street parking, and a more relaxed pace of life. It’s especially appealing for remote workers or couples wanting extra space without stretching the budget. Commutes to downtown take about 20 minutes by car via Madison Avenue or US-31.

Snacks Guion Creek

• Average One-Bedroom Rent: $964
• Average Two-Bedroom Rent: $1,275
• Number of currently available units: 26
• Walk score: 20
• Transit score: 20
• Bike score: 43
• Map of Snacks Guion Creek

Snacks-Guion Creek keeps rent low without cutting you off from the rest of the city. One-bedroom units average $964, and two-bedroom apartments hit around $1,275, roughly 25% below the city average.

With a Walk Score of 20, this area is very car-dependent, but it makes up for it with budget-friendly pricing and relative proximity to retail centers like Lafayette Square. It’s a popular choice for renters seeking low rent without sacrificing access to jobs or services in northwest Indianapolis. Despite its low scores for walkability and transit, Snacks-Guion Creek remains a reliable pick for value hunters.

University Heights

• Average One-Bedroom Rent: $806
• Average Two-Bedroom Rent: $978
• Number of currently available units: 7
• Walk score: 35
• Transit score: 34
• Bike score: 38
• Map of University Heights

Located just south of the University of Indianapolis, University Heights combines campus convenience with some of the lowest rents in the city. One-bedroom units average $806 and two-bedrooms about $978, nearly 38% below the city average. Inventory is usually limited, however, as deals move fast here.

The Walk Score (35) and Transit Score (34) reflect its quiet, residential vibe, though nearby Shelby Street offers access to Red Line stops and shopping. It’s a strong pick for students, faculty, or renters who want affordable housing within striking distance of downtown (about 15 minutes by car). Local gems include Garfield Park, bike paths, and neighborhood diners. If you can snag a lease here, it’s one of the best bang-for-buck areas in Indy.

How Do These Affordable Indianapolis Neighborhoods Compare on Daily Life?

While price is key, choosing the right affordable neighborhood in Indianapolis means weighing other factors too, like commute times, transit access, and day-to-day convenience. Some areas are better suited for renters with cars, while others offer bikeable streets or proximity to campuses and job hubs. Depending on your lifestyle, remote work, family routines, or daily city commutes, these trade-offs can matter just as much as rent.

Commute Times and Transit Access

Navigating Indianapolis is generally easier than larger metros, but your location still plays a big role in how long you’ll spend in traffic or waiting for a bus. Below, we compare average travel times (during 8:00 AM rush hour) from the city’s most affordable neighborhoods to key zones like Downtown, IU Health Methodist Hospital, and IUPUI, plus the level of transit access available in each area.

Safety and Walkability Scores in Indianapolis

Indianapolis has a mixed safety profile, with some neighborhoods experiencing higher crime rates than others. Citywide, the average Crime Grade sits at a C+, while the Walk Score is low at 31, indicating that most residents rely on cars for daily errands.

However, walkability and safety differ widely depending on the area. Some affordable neighborhoods offer quieter streets and easy commutes, while others trade low rent for limited transit or walkable amenities.

Below, we break down how each of Indianapolis’s most budget-friendly neighborhoods compares when it comes to personal safety and getting around without a car.

Fiber Internet, Parks, and Local Amenities

Access to fast internet, green space, and daily essentials plays a major role in overall livability, especially for remote workers and families. Below, we highlight fiber internet availability (defined as high-speed broadband with speeds of 1 Gbps or higher), along with each neighborhood’s closest grocery store, hospital, and public park.

We’ve also included a few standout local spots that add character and community feel to these affordable Indianapolis neighborhoods.

Hidden Costs to Budget For

Low rent can be a huge win, but it’s not the full story. Before you sign a lease in Indianapolis, make sure you account for these common living expenses that can quietly impact your monthly budget.

Transportation and Commuting Expenses

Indianapolis is a car-dependent city, especially outside of the downtown core. The average commute time is about 25 minutes, and while tolls aren’t a concern, gas, maintenance, and parking can add up quickly.

The average annual transportation cost for a single adult is $10,627, according to MIT’s Living Wage calculator.

If you're using IndyGo, a monthly pass runs about $60. It’s affordable, but routes are limited in many neighborhoods, especially those outside Red Line coverage.

Utilities Bills (Especially in Summer)

Indiana’s seasonal extremes mean utility bills swing widely.

Expect $200+ in summer due to A/C usage and similar or higher costs in winter when heating kicks in. According to Numbeo, average monthly utilities (electric, heating, cooling, water, and trash) cost around $225.74 for a standard apartment. Add another $65–$75 for high-speed internet.

Groceries, Taxes, and Lifestyle Costs

Groceries in Indianapolis are about 2% below the national average, making food more affordable than in comparable metros. Indiana has a 7% statewide sales tax, but no local rent tax or city-specific surcharges.

Lifestyle costs are relatively modest:

• A gym membership averages $35–$45/month
• Movie tickets start around $11–$14
• Seasonal attractions like the Indiana State Fair or Canal Walk concerts offer low-cost entertainment year-round.

All in, Indianapolis remains an affordable city, but knowing these hidden costs helps you budget more confidently.

How Can I Find Apartment Deals in Indianapolis?

In Indy’s rental market, especially heading into late 2025, timing and strategy can make a big difference in what you pay. Whether you're moving from out of town or switching neighborhoods, here’s how to score a better deal on your next apartment.

Use Virtual Tours to Compare Fast

Most Indianapolis listings now include 3D tours or live video walkthroughs, which are a game-changer, especially if you're relocating from another city or don’t want to drive to every open house.

These tools let you compare multiple units in one afternoon, flag issues before visiting, and jump on promising options quickly.

Be Ready to Apply Immediately

In popular areas like Fountain Square or Downtown, listings can disappear within 24–48 hours. To stay competitive, show up with everything ready: proof of income, credit report, ID, and references.

Landlords want renters who are ready to move, and being prepared might even help you win over someone with a higher income but slower paperwork.

Don’t Skip the Lease Negotiation

Even in Indianapolis, where prices are lower than most major cities, there’s often wiggle room. Ask about longer lease discounts, waived move-in fees, or free parking. Some properties will offer a month of free rent or throw in amenities if you sign quickly.

If you’ve got a clean rental history or flexible move-in dates, use that as leverage.

Look Just Outside the High-Demand Zones

Moving just a few miles from the center, say, from Broad Ripple to Snacks-Guion Creek or from Downtown to Eastside, can shave $300–$500 off your monthly rent. Indy’s size means a short drive or Red Line ride can lead to serious savings. Use Apartment List filters to widen your search and spot underpriced neighborhoods.

Use Smart Filters to Surface Underrated Listings

Set your max rent filter to 10% below your real budget. For example, if your cap is $1,300, filter down to $1,170. This helps surface:

• Price drops not yet reflected in descriptions
• Units offering concessions not listed in the base rent
• Properties open to negotiation

Some listings that don’t jump out at first glance may check every box once you factor in parking, free rent periods, or waived fees.

Take the Apartment List Quiz to Cut Through the Noise

Not sure where to start? The Apartment List personalized quiz takes less than 90 seconds and delivers handpicked apartments based on your budget, preferred commute, and must-have features. No endless scrolling. Just matches that fit.

Want to increase your chances of snagging a rental deal in Houston’s competitive 2025 market? Here’s a simple tactic: set your max-rent filter to 10% below your true budget. If your monthly limit is $1,500, set your filter to $1,350. Why? This helps reveal listings that:

• Recently dropped in price
• Don’t include all concessions up front
• May be open to lease negotiation

Even if a place is slightly under your radar, it could check every box once perks are factored in.

To speed up the search, take the Apartment List personalized quiz. In under 90 seconds, you’ll get curated apartment matches based on your rent range, must-haves, and commute preferences, with no endless scrolling required. It's the smartest way to spot hidden deals without wasting time.

In 2025, many Indianapolis landlords are still offering move-in incentives, especially in newer complexes or under-the-radar properties. Some examples include:

• Free parking for 6–12 months
• Half-off or waived security deposits
• One or two months of free rent for 13–15 month leases
• Admin fee or application fee waivers

These perks might not be advertised, so it’s worth asking, “Are there any move-in specials if I apply today?”

Just make sure any deal you agree to is written into the lease. Verbal promises don’t hold once the ink dries.

FAQs About Indianapolis’s Cheapest Neighborhoods

Are Indianapolis’s cheapest neighborhoods safe?

It varies street by street. Some blocks in affordable areas like Eastside or University Heights are quiet and residential, while others may have higher reported incidents. Use tools like CrimeGrade.org or Indy’s online crime map, and try to visit at different times of day before signing a lease.

Does Indianapolis offer rental assistance programs?

Yes. Renters can access help through the IndyRent Assistance Program and other services offered by Marion County and the Indiana Housing and Community Development Authority (IHCDA). These programs support renters facing hardship with temporary rent and utility aid.

Do utility costs vary by neighborhood in Indianapolis?

Yes. Older buildings in neighborhoods like Edgewood or Snacks Guion Creek may have less efficient insulation, meaning higher heating costs in winter. In contrast, newer units in areas like Fountain Square may be better insulated and come with modern appliances, helping reduce monthly bills.

Is Indianapolis cheaper than other Indiana cities?

Compared to cities like Carmel or Fishers, Indianapolis is far more affordable, especially in terms of rent and overall cost of living. But it still offers better access to jobs, transit, and cultural amenities than most smaller Indiana towns.