Cheap homes for sale & real estate in Indianapolis, IN

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NEW 2 HRS AGO

ABOUT THIS HOME
Cheap Home for sale in Indianapolis, IN:
Spacious 4 bed, 2.5 bath home on a large corner lot in Perry Township! The upper level offers a primary bedroom and loft, plus a family room, an unfinished basement for storage or future finishing, central air, and gas heat. Outside you'll find a fenced backyard, a 2-car detached garage, and a carport. Close to schools, shopping, and I-465. Being sold As-Is. Bring your ideas and make it your own!

$175,000

4 beds2.5 baths2,340 sq ft

5940 Laurel St, Indianapolis, IN 46227

Unfinished basement • Gas heat • Fenced backyard

LISTED BY REDFIN3D WALKTHROUGH

ABOUT THIS HOME
Cheap Home for sale in Indianapolis, IN:
Welcome to 10826 Gates Creek Dr in Indianapolis! Built in 2025, this beautiful Craftsman-style home offers 5 bedrooms and 3.5 bathrooms with a thoughtfully designed layout. The open-concept main level seamlessly connects the kitchen, dining, and living areas, creating an inviting space for everyday living and entertaining. The kitchen features a large center island, ample cabinetry, and a pantry for added convenience. A first-floor bedroom suite and separate home office provide flexibility for guests, multigenerational living, or working from home. Upstairs, the spacious primary suite features a private bathroom and walk-in closet, along with three additional bedrooms and a family room perf

$425,000

5 beds3.5 baths3,042 sq ft

10826 Gates Creek Dr, Indianapolis, IN 46239

3 garage spots • Built 2025

LISTED BY REDFIN3D WALKTHROUGH

ABOUT THIS HOME
Cheap Home for sale in Indianapolis, IN:
Welcome home to 4147 Bowman Avenue! This charming home offers a wonderful blend of recent interior upgrades, cozy living, and a convenient location! Whether you're a first-time homebuyer, a growing family, a student, or an investor, this home offers a great opportunity to make a place of your own. Enjoy the refreshed interior and comfortable feel, with plenty of potential to add your own personal touches over time. Located just minutes from the University of Indianapolis and approximately 6 miles from downtown Indianapolis, you'll love having campus, city attractions, dining, and entertainment within easy reach. If you're looking for an affordable, charming place to call home with a great l

$185,000

3 beds1.5 baths1,034 sq ft

4147 Bowman Ave, Indianapolis, IN 46227

Convenient location • 5,401 sq ft lot • 2 garage spots

LISTED BY REDFIN3D WALKTHROUGH

ABOUT THIS HOME
Cheap Home for sale in Indianapolis, IN:
Move-in ready and ideally located just a short walk from the University of Indianapolis, this beautifully updated home offers comfort, convenience, and peace of mind. Inside, you'll find a welcoming living and dining area, an updated kitchen and bathroom, three cozy bedrooms, new LVP flooring, and fresh paint throughout. Major improvements made between 2021 and 2024 include crawlspace waterproofing, HVAC, roof, windows, siding, a 1-year-old tankless water heater, a new water softener, and new gutter downspouts that are buried. The fully fenced backyard features a new patio, a mini barn, a fire pit, and fresh gravel parking. Garfield Park, Fountain Square, and downtown Indianapolis favorites

$210,000

3 beds1 bath960 sq ft

3867 Asbury St, Indianapolis, IN 46227

New patio • Updated kitchen • New lvp flooring

NEW 13 MINS AGO

ABOUT THIS HOME
Cheap Home for sale in Indianapolis, IN:
Excellent investment opportunity with this home to make it yours however you wish. This amazing opportunity is sold AS-IS.

$159,900

Studio1 bath644 sq ft

1730 Wishmeyer Ln, Indianapolis, IN 46239

4.14 acre lot • 2 garage spots • Built 2002

Property at 5265 N College Ave, Indianapolis, IN 46220, 2 beds, 2 baths

$350,000

2 beds2 baths1,610 sq ft

5265 N College Ave, Indianapolis, IN 46220

Property at 4311 Village Parkway Cir W #2, Indianapolis, IN 46254, 2 beds, 2 baths

$148,900

2 beds2 baths933 sq ft

4311 Village Parkway Cir W #2, Indianapolis, IN 46254

Property at 555 Woodrow Ave, Indianapolis, IN 46241, 3 beds, 1 bath

$145,000

3 beds1 bath1,300 sq ft

555 Woodrow Ave, Indianapolis, IN 46241

Property at 3412 Winchester Dr, Indianapolis, IN 46227, 3 beds, 1.5 baths

$155,000

3 beds1.5 baths1,152 sq ft

3412 Winchester Dr, Indianapolis, IN 46227

Property at 9119 Baritone Ct, Indianapolis, IN 46231, 5 beds, 3 baths

$320,000

5 beds3 baths3,958 sq ft

9119 Baritone Ct, Indianapolis, IN 46231

Property at 5847 Brookville Lake Dr, Indianapolis, IN 46254, 3 beds, 2 baths

$227,000

3 beds2 baths1,216 sq ft

5847 Brookville Lake Dr, Indianapolis, IN 46254

Property at 2947 Westbrook Ave, Indianapolis, IN 46241, 2 beds, 1 bath

$145,000

2 beds1 bath1,440 sq ft

2947 Westbrook Ave, Indianapolis, IN 46241

Property at 5538 Wagon Wheel Trl, Indianapolis, IN 46237, 3 beds, 1.5 baths

$200,000

3 beds1.5 baths1,050 sq ft

5538 Wagon Wheel Trl, Indianapolis, IN 46237

Property at 6650 Crestwell Ln, Indianapolis, IN 46268, 3 beds, 2 baths

$270,000

3 beds2 baths1,418 sq ft

6650 Crestwell Ln, Indianapolis, IN 46268

Property at 1739 E Loretta Dr, Indianapolis, IN 46227, 2 beds, 1 bath

$210,000

2 beds1 bath1,176 sq ft

1739 E Loretta Dr, Indianapolis, IN 46227

Property at 352 Catamount Ln, Indianapolis, IN 46229, 4 beds, 2 baths

$310,000

4 beds2 baths1,776 sq ft

352 Catamount Ln, Indianapolis, IN 46229

Property at 4165 N Sherman Dr, Indianapolis, IN 46226, 4 beds, 2 baths

$147,900

4 beds2 baths2,736 sq ft

4165 N Sherman Dr, Indianapolis, IN 46226

Property at 3062 N Temple Ave, Indianapolis, IN 46218, 2 beds, 1 bath

$121,000

2 beds1 bath1,447 sq ft

3062 N Temple Ave, Indianapolis, IN 46218

Property at 6719 Glenn Meade Dr, Indianapolis, IN 46241, 3 beds, 2 baths

$255,000

3 beds2 baths1,192 sq ft

6719 Glenn Meade Dr, Indianapolis, IN 46241

Property at 1217 Spruce St, Indianapolis, IN 46203, 4 beds, 2 baths

$390,000

4 beds2 baths2,156 sq ft

1217 Spruce St, Indianapolis, IN 46203

Property at 9045 Cardinal Flower Ct, Indianapolis, IN 46231, 3 beds, 2.5 baths

$275,000

3 beds2.5 baths1,867 sq ft

9045 Cardinal Flower Ct, Indianapolis, IN 46231

Property at 906 E 50th St, Indianapolis, IN 46205, 2 beds, 1 bath

$270,000

2 beds1 bath1,283 sq ft

906 E 50th St, Indianapolis, IN 46205

Property at 12409 Crystal Pointe Cir, Indianapolis, IN 46236, 4 beds, 3.5 baths

$374,900

4 beds3.5 baths2,952 sq ft

12409 Crystal Pointe Cir, Indianapolis, IN 46236

Property at 5322 E 20th St, Indianapolis, IN 46218, 2 beds, 1 bath

$134,900

2 beds1 bath1,455 sq ft

5322 E 20th St, Indianapolis, IN 46218

Property at 4272 Eagle Lake Dr, Indianapolis, IN 46254, 3 beds, 2 baths

$260,000

3 beds2 baths1,200 sq ft

4272 Eagle Lake Dr, Indianapolis, IN 46254

Property at 2418 N Rural St, Indianapolis, IN 46218, 5 beds, 3 baths

$84,900

5 beds3 baths2,980 sq ft

2418 N Rural St, Indianapolis, IN 46218

Property at 250 E Pleasant Run Parkway North Dr, Indianapolis, IN 46225, 2 beds, 1 bath

$219,900

2 beds1 bath1,407 sq ft

250 E Pleasant Run Parkway North Dr, Indianapolis, IN 46225

Property at 1834 Orleans St, Indianapolis, IN 46203, 3 beds, 1 bath

$145,000

3 beds1 bath1,750 sq ft

1834 Orleans St, Indianapolis, IN 46203

Property at 4025 E 36th St, Indianapolis, IN 46218, 2 beds, 1 bath

$170,000

2 beds1 bath1,740 sq ft

4025 E 36th St, Indianapolis, IN 46218

Property at 2349 Cole Wood Cir, Indianapolis, IN 46239, 3 beds, 2 baths

$265,000

3 beds2 baths1,692 sq ft

2349 Cole Wood Cir, Indianapolis, IN 46239

Property at 10206 Lawnhaven Dr, Indianapolis, IN 46229, 4 beds, 1.5 baths

$194,900

4 beds1.5 baths2,286 sq ft

10206 Lawnhaven Dr, Indianapolis, IN 46229

Property at 7632 E 37th Pl, Indianapolis, IN 46226, 3 beds, 1 bath

$114,900

3 beds1 bath972 sq ft

7632 E 37th Pl, Indianapolis, IN 46226

Property at 3943 Richelieu Rd, Indianapolis, IN 46226, 3 beds, 1 bath

$132,000

3 beds1 bath999 sq ft

3943 Richelieu Rd, Indianapolis, IN 46226

Property at 3874 Burningbush Dr, Indianapolis, IN 46235, 3 beds, 2 baths

$179,900

3 beds2 baths1,200 sq ft

3874 Burningbush Dr, Indianapolis, IN 46235

Property at 1624 E 30th St, Indianapolis, IN 46218, 2 beds, 1 bath

$84,900

2 beds1 bath1,440 sq ft

1624 E 30th St, Indianapolis, IN 46218

Property at 2163 Bradford Trace Blvd, Indianapolis, IN 46229, 3 beds, 2 baths

$245,000

3 beds2 baths1,549 sq ft

2163 Bradford Trace Blvd, Indianapolis, IN 46229

Property at 7608 Reflections Dr #5, Indianapolis, IN 46214, 2 beds, 2 baths

$170,000

2 beds2 baths1,049 sq ft

7608 Reflections Dr #5, Indianapolis, IN 46214

Property at 5411 N Kenmore Rd, Indianapolis, IN 46226, 5 beds, 3 baths

$329,900

5 beds3 baths3,276 sq ft

5411 N Kenmore Rd, Indianapolis, IN 46226

Property at 1320 E Bradbury Ave, Indianapolis, IN 46203, 2 beds, 1 bath

$109,900

2 beds1 bath2,036 sq ft

1320 E Bradbury Ave, Indianapolis, IN 46203

Property at 4602 N Ritter Ave, Indianapolis, IN 46226, 3 beds, 1.5 baths

$205,000

3 beds1.5 baths2,944 sq ft

4602 N Ritter Ave, Indianapolis, IN 46226

Property at 2249 Hogan Dr, Indianapolis, IN 46229, 3 beds, 2 baths

$239,900

3 beds2 baths1,816 sq ft

2249 Hogan Dr, Indianapolis, IN 46229

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Based on information submitted to the MLS GRID as of Wed Oct 21 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 4001 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 Butler-Tarkington. This map is refreshed with the newest listings in Indianapolis every 15 minutes.

In the past month, 939 homes have been sold in Indianapolis. In addition to houses in Indianapolis, there were also 490 condos, 59 townhouses, and 249 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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