Cheap homes for sale & real estate in Indianapolis, IN

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NEW 1 HR AGOFLOOR PLAN

ABOUT THIS HOME
Cheap Home for sale in Indianapolis, IN:
Opportunity awaits with this spacious two-story home located just a short walk to the heart of Fountain Square. Whether you're an investor looking for your next renovation project or a buyer ready to bring your own vision to life, this property offers plenty of potential. Inside, you'll find a flexible floor plan featuring multiple living areas, generously sized rooms, and a functional kitchen ready for your personal touch. Upstairs, the spacious rooms offer additional possibilities, while the outdoor deck and yard provide opportunities to create an inviting space for relaxing or entertaining. With its convenient location just steps from Fountain Square, Bates-Hendricks, and downtown Indian

$85,000

3 beds2 baths1,968 sq ft

1733 Olive St, Indianapolis, IN 46203

Functional kitchen • Flexible floor plan • Outdoor deck

LISTED BY REDFIN 7 HRS AGO3D WALKTHROUGH

ABOUT THIS HOME
Cheap Home for sale in Indianapolis, IN:
Welcome home to 3307 Decker Ridge Dr! Nestled in the inviting Northpoint Village Townhomes community, this pristine, move-in-ready residence offers 2,520 square feet of beautifully maintained living space spread across three thoughtful levels. True pride of ownership shines from the moment you step through the door, offering a warm and welcoming atmosphere throughout. Designed for modern living, the flexible three-story layout gives you room for everything you love-whether hosting family and friends in the open gathering spaces or unwinding in your own peaceful corner. Featuring 3 spacious bedrooms, 2 full baths, and 1 half bath, this home effortlessly balances comfort and functional design

$255,000

3 beds2.5 baths1,545 sq ft

3307 Decker Ridge Dr, Indianapolis, IN 46268

Three story layout • $145 HOA • 2 garage spots

NEW 39 MINS AGO

ABOUT THIS HOME
Cheap Home for sale in Indianapolis, IN:
This Franklin Township 4 bdrm, 2.5 bath home checks all the boxes. 3 car garage, in ground swimming pool with cover, diving board & bball hoop, fenced rear yard with decorative wrought iron, and large concrete patio surrounded by beautiful trees & bushes. Recent updates include all new LVP flooring by Mohawk, fresh interior paint, quartz countertops in the kitchen, expanded pantry, recessed lighting, epoxy floors in the garage, and many more updates. Open feel on main floor w/ beautiful center island for eating and entertaining. Relax in the family room w/ gas fireplace and great view of the pool and landscaping. Primary bedroom boasts vaulted ceiling, wainscoting, double closet

$415,000

4 beds2.5 baths2,136 sq ft

7441 Giroud Dr, Indianapolis, IN 46259

Large concrete patio • Quartz countertops • New lvp flooring

NEW 37 MINS AGO

ABOUT THIS HOME
Cheap Home for sale in Indianapolis, IN:
Bring your vision to life in the heart of Fletcher Place. Currently configured as six units, this property offers a range of possibilities: continue its multifamily use, reimagine the layout, or explore restoring it to a single-family home. An attached garage beneath the home offers additional potential for finished space. This is a complete renovation project with plenty of room to create something special. Whether you're an investor, owner-occupant, or someone looking for a distinctive downtown project, let your imagination run wild.

$375,000

4 beds8 baths7,065 sq ft

732 Fletcher, Indianapolis, IN 46203

Attached garage • 3,980 sq ft lot • 2 garage spots

NEW 2 HRS AGOFLOOR PLAN

ABOUT THIS HOME
Cheap Home for sale in Indianapolis, IN:
Welcome to 3235 E Loretta Dr, Indianapolis, IN! This charming ranch-style home beautifully blends timeless appeal with modern updates and everyday convenience. Originally built in 1958 and recently renovated, this move-in-ready home offers the perfect combination of classic charm and refreshed living. Major improvements include new windows, a new HVAC system, and a new roof, providing added comfort and peace of mind. Situated on an impressive 1.2-acre lot, the property provides plenty of room to enjoy the outdoors. The updated kitchen serves as the heart of the home, featuring modern stainless steel appliances, durable granite countertops, a convenient peninsula, and a built-in microwave. T

$399,999

3 beds2 baths2,050 sq ft

3235 E Loretta Dr, Indianapolis, IN 46227

1.2-acre lot • Updated kitchen • New roof

Property at 4922 Melbourne Rd, Indianapolis, IN 46228, 4 beds, 2.5 baths

$324,900

4 beds2.5 baths2,232 sq ft

4922 Melbourne Rd, Indianapolis, IN 46228

Property at 319 N 7th, Beech Grove, IN 46107, 3 beds, 2 baths

$214,000

3 beds2 baths1,280 sq ft

319 N 7th, Beech Grove, IN 46107

Property at 523 N Bauman, Indianapolis, IN 46214, 3 beds, 2 baths

$264,900

3 beds2 baths1,608 sq ft

523 N Bauman, Indianapolis, IN 46214

Property at 3030 N Olney St, Indianapolis, IN 46218, 3 beds, 1 bath

$119,900

3 beds1 bath768 sq ft

3030 N Olney St, Indianapolis, IN 46218

Property at 6437 Bayside South Dr, Indianapolis, IN 46250, 2 beds, 1.5 baths

$199,000

2 beds1.5 baths1,292 sq ft

6437 Bayside South Dr, Indianapolis, IN 46250

Property at 3034 N Kenwood Ave, Indianapolis, IN 46208, 2 beds, 1 bath

$155,000

2 beds1 bath1,150 sq ft

3034 N Kenwood Ave, Indianapolis, IN 46208

Property at 1352 Maynard Dr, Indianapolis, IN 46227, 4 beds, 2.5 baths

$389,000

4 beds2.5 baths2,696 sq ft

1352 Maynard Dr, Indianapolis, IN 46227

Property at 2546 Union St, Indianapolis, IN 46225, 3 beds, 2 baths

$214,900

3 beds2 baths1,524 sq ft

2546 Union St, Indianapolis, IN 46225

Property at 3667 Cedar Pine Pl, Indianapolis, IN 46235, 1.5 baths

$84,900

Studio1.5 baths1,840 sq ft

3667 Cedar Pine Pl, Indianapolis, IN 46235

Property at 917 Hervey St, Indianapolis, IN 46203, 3 beds, 1.5 baths

$349,000

3 beds1.5 baths2,756 sq ft

917 Hervey St, Indianapolis, IN 46203

Property at 950 N Routiers Ave, Indianapolis, IN 46219, 2 beds, 1 bath

$175,000

2 beds1 bath1,020 sq ft

950 N Routiers Ave, Indianapolis, IN 46219

Property at 5739 Buskirk Dr, Indianapolis, IN 46216, 3 beds, 2.5 baths

$409,900

3 beds2.5 baths2,245 sq ft

5739 Buskirk Dr, Indianapolis, IN 46216

Property at 555 Tanninger Dr, Indianapolis, IN 46239, 5 beds, 3.5 baths

$349,900

5 beds3.5 baths4,264 sq ft

555 Tanninger Dr, Indianapolis, IN 46239

Property at 617 W Edgewood Ave, Indianapolis, IN 46217, 4 beds, 2 baths

$399,900

4 beds2 baths2,579 sq ft

617 W Edgewood Ave, Indianapolis, IN 46217

Property at 4454 Four Seasons Cir, Indianapolis, IN 46226, 2 beds, 1.5 baths

$105,000

2 beds1.5 baths1,078 sq ft

4454 Four Seasons Cir, Indianapolis, IN 46226

Property at 11813 Shannon Pointe Rd, Indianapolis, IN 46229, 3 beds, 2 baths

$190,000

3 beds2 baths1,200 sq ft

11813 Shannon Pointe Rd, Indianapolis, IN 46229

Property at 3638 N Kenwood Ave, Indianapolis, IN 46208, 2 beds, 1 bath

$179,900

2 beds1 bath2,088 sq ft

3638 N Kenwood Ave, Indianapolis, IN 46208

Property at 5343 S Linwood Ave, Indianapolis, IN 46237, 4 beds, 2.5 baths

$400,000

4 beds2.5 baths3,048 sq ft

5343 S Linwood Ave, Indianapolis, IN 46237

Property at 17 Hoss Rd, Indianapolis, IN 46217, 3 beds, 1 bath

$250,000

3 beds1 bath2,048 sq ft

17 Hoss Rd, Indianapolis, IN 46217

Property at 6350 Brooks Bend Blvd, Indianapolis, IN 46237, 4 beds, 2.5 baths

$330,000

4 beds2.5 baths2,178 sq ft

6350 Brooks Bend Blvd, Indianapolis, IN 46237

Property at 5431 Hammock Glen Dr, Indianapolis, IN 46235, 4 beds, 2.5 baths

$324,900

4 beds2.5 baths2,732 sq ft

5431 Hammock Glen Dr, Indianapolis, IN 46235

Property at 7208 Glenwick Blvd, Indianapolis, IN 46217, 3 beds, 2 baths

$315,000

3 beds2 baths1,288 sq ft

7208 Glenwick Blvd, Indianapolis, IN 46217

Property at 3458 Graceland Ave, Indianapolis, IN 46208, 2 beds, 1.5 baths

$86,500

2 beds1.5 baths1,755 sq ft

3458 Graceland Ave, Indianapolis, IN 46208

Property at 7353 N Tuxedo St, Indianapolis, IN 46240, 3 beds, 1.5 baths

$315,000

3 beds1.5 baths1,413 sq ft

7353 N Tuxedo St, Indianapolis, IN 46240

Property at 602 Terrace Ave, Indianapolis, IN 46203, 3 beds, 2.5 baths

$349,900

3 beds2.5 baths2,322 sq ft

602 Terrace Ave, Indianapolis, IN 46203

Property at 3817 Cherry Blossom Blvd, Indianapolis, IN 46237, 3 beds, 2.5 baths

$329,000

3 beds2.5 baths1,859 sq ft

3817 Cherry Blossom Blvd, Indianapolis, IN 46237

Property at 8220 Parsley Ln, Indianapolis, IN 46237, 3 beds, 2 baths

$249,000

3 beds2 baths1,428 sq ft

8220 Parsley Ln, Indianapolis, IN 46237

Property at 6543 Cahill Pl, Indianapolis, IN 46214, 3 beds, 2 baths

$260,000

3 beds2 baths1,770 sq ft

6543 Cahill Pl, Indianapolis, IN 46214

Property at 8942 Trager Ct, Indianapolis, IN 46256, 2 beds, 1 bath

$219,900

2 beds1 bath882 sq ft

8942 Trager Ct, Indianapolis, IN 46256

Property at 5450 Goodwin St, Indianapolis, IN 46234, 4 beds, 3.5 baths

$450,000

4 beds3.5 baths4,648 sq ft

5450 Goodwin St, Indianapolis, IN 46234

Property at 5617 Dollar Hide South Dr, Indianapolis, IN 46221, 3 beds, 1.5 baths

$195,000

3 beds1.5 baths1,656 sq ft

5617 Dollar Hide South Dr, Indianapolis, IN 46221

Property at 5861 Dapple Trce, Indianapolis, IN 46228, 4 beds, 3.5 baths

$377,150

4 beds3.5 baths2,963 sq ft

5861 Dapple Trce, Indianapolis, IN 46228

Property at 1025 Dawson St, Indianapolis, IN 46203, 3 beds, 2.5 baths

$350,000

3 beds2.5 baths3,020 sq ft

1025 Dawson St, Indianapolis, IN 46203

Property at 5508 W 16th St, Indianapolis, IN 46224, 2 beds, 1 bath

$199,999

2 beds1 bath1,494 sq ft

5508 W 16th St, Indianapolis, IN 46224

Property at 902 Southwood Dr, Indianapolis, IN 46227, 3 beds, 1 bath

$250,000

3 beds1 bath1,621 sq ft

902 Southwood Dr, Indianapolis, IN 46227

Property at 6752 Coatbridge Cir, Indianapolis, IN 46254, 3 beds, 2 baths

$259,900

3 beds2 baths1,448 sq ft

6752 Coatbridge Cir, Indianapolis, IN 46254

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Based on information submitted to the MLS GRID as of Fri Oct 30 2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Cheap Homes for Sale in Indianapolis

There are currently 4035 cheap homes for sale in Indianapolis at a median listing price of $250K. Some of these homes are "Hot Homes," meaning they're likely to sell quickly. Most homes for sale in Indianapolis stay on the market for 62 days and receive 2 offers. Popular neighborhoods include Downtown Indianapolis, Fountain Square, Broad Ripple, Meridian Kessler, and Irvington. This map is refreshed with the newest listings in Indianapolis every 15 minutes.

In the past month, 940 homes have been sold in Indianapolis. In addition to houses in Indianapolis, there were also 490 condos, 56 townhouses, and 251 multi-family units for sale in Indianapolis last month. Indianapolis is a minimally walkable city in Marion County with a Walk Score of 31. Indianapolis is home to approximately 819,398 people and 550,184 jobs. Find your dream home in Indianapolis using the tools above. Use filters to narrow your search by price, square feet, beds, and baths to find homes that fit your criteria. Our top-rated real estate agents in Indianapolis are local experts and are ready to answer your questions about properties, neighborhoods, schools, and the newest listings for sale in Indianapolis. Our Indianapolis real estate stats and trends will give you more information about home buying and selling trends in Indianapolis. If you're looking to sell your home in the Indianapolis area, our listing agents can help you get the best price. Redfin is redefining real estate and the home buying process in Indianapolis with industry-leading technology, full-service agents, and lower fees that provide a better value for Redfin buyers and sellers.

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