
Cheap Apartments for Rent in the Allisonville Neighborhood of Indianapolis, IN from $800 (12 Rentals)
Search the lowest-cost Apartments available for rent right now in the Allisonville area of Indianapolis.


Lake Castleton

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Trails at Lakeside

Fountain Parc
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Chateau in the Woods

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Bayview Club Apartments
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Allisonville, Indianapolis, IN Local Guide

How much does it cost to rent an apartment in Allisonville?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Allisonville Studio Apartments | $1,022 | $947 | $1,065 |
Allisonville 1 Bedroom Apartments | $1,251 | $896 | $2,126 |
Allisonville 2 Bedroom Apartments | $1,504 | $1,050 | $2,823 |
Allisonville 3 Bedroom Apartments | $1,850 | $1,350 | $3,259 |
Allisonville 4 Bedroom Apartments | $1,850 | $1,700 | $2,000 |
Browse Apartments in this Neighborhood
There are currently 12 rentals with your search options within a 2 mile radius of the Allisonville Neighborhood of Indianapolis, IN.
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Cheapest Available Allisonville Apartments for Rent
 The cheapest available apartment rental in the Allisonville area of Indianapolis, IN is a 1 Bed unit found at A62 Apartments priced from $891. Lake Castleton has the second lowest priced unit, which is a 1 Bed apartment currently listed from $896. Here are the most affordable Allisonville apartments for rent in Indianapolis, IN:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
A62 Apartments | LePetit Luxe | 1BR,1BA | $891 |
Lake Castleton | Congressional | 1BR,1BA | $896 |
Williamsburg North | Ashland | 1BR,1BA | $950 |
Trails at Lakeside | Victoria | 1BR,1BA | $999 |
Fountain Parc | The Magic | 1BR,1BA | $1,025 |
Best Value Apartments for Rent in Allisonville, IN
As of June 11, 2025 the best value apartment in the Allisonville area is the $1.15 price per square foot 2Bd/2Ba Up W/D Model at Ivy Knoll Apartments in the in the Roxbury neighborhood starting from $1,379. The second greatest value Allisonville apartment is the Pintail Model at Lake Clearwater Apartments starting at $1,615 with a $1.68 price per square foot in the Roxbury neighborhood. Here is today’s list of the best values for Allisonville apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Ivy Knoll Apartments | 2Bd/2Ba Up W/D | 2BR,2BA | $1.15 |
Lake Clearwater Apartments | Pintail | 1BR,1BA | $1.68 |
Castleton Manor Apartments | The Banyan | 1BR,1.5BA | $1.33 |
Fountain Parc | The Wealth | 1BR,1BA | $1.65 |
Williamsburg North | Ashland | 1BR,1BA | $1.21 |
TGM Autumn Woods | A2 | 1BR,1BA | $1.42 |
Bayview Club Apartments | Sweetwater Lake | 1BR,1BA | $1.45 |
Chateau in the Woods | 1 Bd/1 Ba Sm ABY | 1BR,1BA | $1.47 |
TGM Shadeland Station | A1 | 1BR,1BA | $1.53 |
A62 Apartments | LePetit | 1BR,1BA | $1.60 |
Getting Around the Allisonville Neighborhood in Indianapolis, IN
Walk Score®
52 / 100
Somewhat Walkable
Some errands can be accomplished on foot
Bike Score®
50 / 100
Bikeable
Some bike infrastructure
Transit Score®
18 / 100
Minimal Transit
It may be possible to get on a bus
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Allisonville Apartments
What is the price of a cheap apartment in Allisonville?
The cheapest apartment in Allisonville is A62 Apartments which is listed at $891, while the average apartment in Allisonville costs $1,731.
What types of apartments are the cheapest in Allisonville?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 11 regular apartments in Allisonville that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Allisonville?
Cheap apartments in Allisonville have an average cost of $202 which is $1,529 cheaper than the average rent for all rentals in Allisonville.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

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