Cheap homes for sale & real estate in Indianapolis, IN

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NEW 13 HRS AGO

ABOUT THIS HOME
Cheap Home for sale in Indianapolis, IN:
Room to grow on 1.16 acres! Opportunities like this are rare: more than an acre of land with a creek running along it, just 15 minutes from downtown Indianapolis. 3360 S Pennsylvania St has about 1,800 sq ft with 3 bedrooms, plus space to add a 4th bedroom, a home office, a gym, or whatever fits your vision. Highland Creek runs along the property through the culverts, which gives the lot a peaceful, natural setting you won't find on a typical city lot. The home is ready for its next owner to add value and make it shine, whether you're an investor looking for strong upside or a buyer who wants to create a dream home with land to spare. Bring your ideas for the yard: gardens, outdoor entertai

$195,000

3 beds2.5 baths1,880 sq ft

3360 S Pennsylvania St, Indianapolis, IN 46227

1.16 acres • Highland creek • Creek running along

LISTED BY REDFIN3D WALKTHROUGH

ABOUT THIS HOME
Cheap Home for sale in Indianapolis, IN:
Charming & Low-Maintenance Condo in Desirable Northside Location! Welcome home to this spacious, beautifully updated 3-bedroom, 2.5-bath condo offering approximately 1,406 sq. ft. of comfortable, move-in-ready living space. Designed with both style and functionality in mind, this home features a thoughtful layout, generous room sizes, and abundant natural light enhanced by modern automatic blind closures. At the heart of the home, the fully equipped kitchen boasts custom cabinets, rich granite countertops, and a quiet, high-end Bosch dishwasher. Both the primary bathroom and the second full bathroom have been tastefully updated, providing a crisp, modern feel. Major big-ticket improv

$219,900

3 beds2.5 baths1,406 sq ft

9514 Maple Way, Indianapolis, IN 46268

Custom cabinets • Granite countertops • $308 HOA

NEW 4 HRS AGO

ABOUT THIS HOME
Cheap Home for sale in Indianapolis, IN:
Tired of tricks? Ready for a TREAT?! Welcome to this incredible ranch home built in 2020, on a corner lot, in the heart of Eagle Creek! NO HOA!! Just 5 minutes to the Eagle Creek boat launch, one mile from the IU Methodist Medical Plaza, and only 20 minutes from Indianapolis International Airport. A short, scenic drive through the neighborhood brings you to mature trees, thoughtful landscaping, and the fresh look of a newer home. Inside, brand-new carpet makes it easy to settle right in. Get ready to entertain in the open kitchen with stainless steel appliances, breakfast bar, and plenty of cabinet space. The spacious primary suite offers a well-appointed bath with full tub and walk-in clos

$259,900

3 beds2 baths1,448 sq ft

6752 Coatbridge Cir, Indianapolis, IN 46254

9,060 sq ft lot • 2 garage spots • Built 2020

FLOOR PLAN

ABOUT THIS HOME
Cheap Home for sale in Indianapolis, IN:
Truly one of a kind: 4 bed/3 full bath, single owner, Mid-Century Modern gem on a quiet street near popular Homecroft! The epitome of functional space, natural light, and livability. Main level features include great room with fireplace, kitchen with pantry, and dining room, all that are illuminated by abundant amounts of natural light. Upper level includes 4 bedrooms, 3 full bathrooms, recreation room with pool table, and a versatile bonus room. Walkout basement features an additional living room with fireplace and another large room with laundry hookups and plenty of space for storage. A huge, open outdoor patio extends off of the dining room on the main level.

$350,000

4 beds3 baths2,944 sq ft

920 Southview Dr, Indianapolis, IN 46227

Recreation room • Bonus room • Dining room

ABOUT THIS HOME
Cheap Home for sale in Indianapolis, IN:
* * Your wish for the perfect home might just have come true! * * Welcome to this beautifully renovated brick ranch, situated on a spacious 0.74-acre corner lot in desirable Franklin Township! Combining modern updates, timeless charm, and peace of mind, this move-in-ready home offers the feel of new construction with the character and space of an established property. Step inside and discover a stunning transformation! Brand-new luxury vinyl plank flooring, fresh paint, stylish lighting, and an inviting electric fireplace create a warm, modern living space. The completely renovated kitchen is ready to be the heart of the home, featuring beautiful quartz countertops, new cabinetry, and br

$267,500

3 beds2.5 baths1,047 sq ft

6705 Churchman Ave, Indianapolis, IN 46237

0.74-acre corner lot • All-new hvac system • 0.74 acre lot

Property at 5282 Guilford Ave, Indianapolis, IN 46220, 2 beds, 4 baths

$310,000

2 beds4 baths2,868 sq ft

5282 Guilford Ave, Indianapolis, IN 46220

Property at 7766 Twin Beech Ln, Indianapolis, IN 46226, 3 beds, 1.5 baths

$175,000

3 beds1.5 baths1,436 sq ft

7766 Twin Beech Ln, Indianapolis, IN 46226

Property at 7030 Weston Ct, Indianapolis, IN 46214, 3 beds, 1.5 baths

$230,000

3 beds1.5 baths1,408 sq ft

7030 Weston Ct, Indianapolis, IN 46214

Property at 251 Burke Ave, Indianapolis, IN 46234, 3 beds, 1 bath

$164,900

3 beds1 bath932 sq ft

251 Burke Ave, Indianapolis, IN 46234

Property at 7504 Castleton Farms North Dr, Indianapolis, IN 46256, 2 beds, 2.5 baths

$205,000

2 beds2.5 baths1,428 sq ft

7504 Castleton Farms North Dr, Indianapolis, IN 46256

Property at 610 N Bosart Ave, Indianapolis, IN 46201, 3 beds, 2 baths

$349,900

3 beds2 baths2,848 sq ft

610 N Bosart Ave, Indianapolis, IN 46201

Property at 2516 Morning Star Dr, Indianapolis, IN 46229, 3 beds, 1.5 baths

$250,000

3 beds1.5 baths1,340 sq ft

2516 Morning Star Dr, Indianapolis, IN 46229

Property at 7200 Highland Rd, Indianapolis, IN 46268, 2 beds, 1 bath

$255,000

2 beds1 bath924 sq ft

7200 Highland Rd, Indianapolis, IN 46268

Property at 9306 Broadway St, Indianapolis, IN 46240, 3 beds, 2 baths

$389,900

3 beds2 baths1,920 sq ft

9306 Broadway St, Indianapolis, IN 46240

Property at 5225 Pinon Dr, Indianapolis, IN 46227, 2 beds, 1 bath

$119,900

2 beds1 bath939 sq ft

5225 Pinon Dr, Indianapolis, IN 46227

Property at 1425 Terrace Ave, Indianapolis, IN 46203, 2 beds, 1 bath

$99,000

2 beds1 bath888 sq ft

1425 Terrace Ave, Indianapolis, IN 46203

Property at 4234 W 79th St, Indianapolis, IN 46268, 3 beds, 1.5 baths

$220,000

3 beds1.5 baths1,163 sq ft

4234 W 79th St, Indianapolis, IN 46268

Property at 7549 Camberwood Dr, Indianapolis, IN 46268, 3 beds, 2 baths

$285,000

3 beds2 baths1,565 sq ft

7549 Camberwood Dr, Indianapolis, IN 46268

Property at 3321 W 39th St, Indianapolis, IN 46228, 3 beds, 2.5 baths

$275,000

3 beds2.5 baths2,203 sq ft

3321 W 39th St, Indianapolis, IN 46228

Property at 639 Dayton Ave, Indianapolis, IN 46203, 3 beds, 2 baths

$124,000

3 beds2 baths1,140 sq ft

639 Dayton Ave, Indianapolis, IN 46203

Property at 5043 Harway Ct, Indianapolis, IN 46227, 5 beds, 3 baths

$409,900

5 beds3 baths2,250 sq ft

5043 Harway Ct, Indianapolis, IN 46227

Property at 5705 N Alton Ave, Indianapolis, IN 46228, 4 beds, 2.5 baths

$320,000

4 beds2.5 baths2,508 sq ft

5705 N Alton Ave, Indianapolis, IN 46228

Property at 1467 Blaine Ave, Indianapolis, IN 46221, 3 beds, 1.5 baths

$195,000

3 beds1.5 baths1,324 sq ft

1467 Blaine Ave, Indianapolis, IN 46221

Property at 7224 Barnwell Pl, Indianapolis, IN 46217, 3 beds, 2 baths

$235,900

3 beds2 baths1,370 sq ft

7224 Barnwell Pl, Indianapolis, IN 46217

Property at 37 S Rural St, Indianapolis, IN 46201, 1 bed, 4 baths

$185,000

1 bed4 baths1,304 sq ft

37 S Rural St, Indianapolis, IN 46201

Property at 7505 Bullock Ct, Indianapolis, IN 46217, 4 beds, 2.5 baths

$172,500

4 beds2.5 baths1,814 sq ft

7505 Bullock Ct, Indianapolis, IN 46217

Property at 10830 Greenleaf Dr, Indianapolis, IN 46229, 4 beds, 2.5 baths

$252,900

4 beds2.5 baths2,985 sq ft

10830 Greenleaf Dr, Indianapolis, IN 46229

Property at 7221 Sycamore Run Dr, Indianapolis, IN 46237, 4 beds, 3.5 baths

$399,900

4 beds3.5 baths3,930 sq ft

7221 Sycamore Run Dr, Indianapolis, IN 46237

Property at 525 N Riley Ave, Indianapolis, IN 46201, 2 beds, 1 bath

$179,900

2 beds1 bath2,013 sq ft

525 N Riley Ave, Indianapolis, IN 46201

Property at 3137 N Gale St, Indianapolis, IN 46218, 3 beds, 1 bath

$140,000

3 beds1 bath1,104 sq ft

3137 N Gale St, Indianapolis, IN 46218

Property at 7630 E 49th St, Indianapolis, IN 46226, 3 beds, 1 bath

$187,500

3 beds1 bath1,976 sq ft

7630 E 49th St, Indianapolis, IN 46226

Property at 1143 Groff, Indianapolis, IN 46222, 2 beds, 1 bath

$156,000

2 beds1 bath1,344 sq ft

1143 Groff, Indianapolis, IN 46222

Property at 9442 Gemini Dr, Indianapolis, IN 46229, 3 beds, 1.5 baths

$230,000

3 beds1.5 baths1,420 sq ft

9442 Gemini Dr, Indianapolis, IN 46229

Property at 401 N Dequincy St, Indianapolis, IN 46201, 3 beds, 1 bath

$200,000

3 beds1 bath1,865 sq ft

401 N Dequincy St, Indianapolis, IN 46201

Property at 10495 Orchard Park W, Carmel, IN 46280, 3 beds, 2 baths

$375,000

3 beds2 baths1,367 sq ft

10495 Orchard Park W, Carmel, IN 46280

Property at 3232 W 56th St, Indianapolis, IN 46228, 4 beds, 2 baths

$249,000

4 beds2 baths1,847 sq ft

3232 W 56th St, Indianapolis, IN 46228

Property at 21 S Irvington Ave, Indianapolis, IN 46219, 3 beds, 1.5 baths

$315,000

3 beds1.5 baths1,814 sq ft

21 S Irvington Ave, Indianapolis, IN 46219

Property at 8333 Country Meadows Dr, Indianapolis, IN 46234, 3 beds, 1 bath

$200,000

3 beds1 bath1,039 sq ft

8333 Country Meadows Dr, Indianapolis, IN 46234

Property at 6137 Wildcat Dr, Indianapolis, IN 46203, 2 beds, 1.5 baths

$149,900

2 beds1.5 baths1,206 sq ft

6137 Wildcat Dr, Indianapolis, IN 46203

Property at 5941 Deerwood Ct, Indianapolis, IN 46254, 2 beds, 1.5 baths

$139,000

2 beds1.5 baths923 sq ft

5941 Deerwood Ct, Indianapolis, IN 46254

Property at 1632 Columbia Ave, Indianapolis, IN 46202, 3 beds, 2 baths

$245,000

3 beds2 baths1,416 sq ft

1632 Columbia Ave, Indianapolis, IN 46202

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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 4031 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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