Cheap Apartments for Rent in the Allisonville Neighborhood of Indianapolis, IN from $600 (29 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Allisonville area of Indianapolis.

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Showing Results 1-29, Page 1 of 1

Cheapest Available Allisonville Apartments for Rent

 

The cheapest available apartment rental in the Allisonville area of Indianapolis, IN is a Studio unit found at Glenstone Studios priced from $649. Timber Point Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $820. Here are the most affordable Allisonville apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Glenstone StudiosStudioStudio,1BA$649
Timber Point ApartmentsThe Ayers1BR,1BA$820
Lake Castleton ApartmentsColonial1BR,1BA$826
M Club ApartmentsA11BR,1BA$859
Trails at LakesideVictoria1BR,1BA$895
Williamsburg NorthAshland1BR,1BA$950
Riverbend ApartmentsMonte Carlo1BR,1BA$967
Chateau in the Woods1 Bd/1 Ba Sm ABY1BR,1BA$994
Castleton Manor ApartmentsThe Banyan1BR,1BA$999
A62 ApartmentsLePetit Luxe1BR,1BA$1,014

Best Value Apartments for Rent in Allisonville, IN

As of November 10, 2025 the best value apartment in the Allisonville area is the $1.13 price per square foot B4 - Townhome Model at Veridian Castleton in the in the Berkley Place neighborhood starting from $1,403. The second greatest value Allisonville apartment is the 2 Bed/2 Bath W/D Dn Model at Fallwood starting at $1,370 with a $1.14 price per square foot in the United Northeast neighborhood. Here is today’s list of the best values for Allisonville apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Veridian CastletonB4 - Townhome2BR,1.5BA$1.13
Fallwood2 Bed/2 Bath W/D Dn2BR,2BA$1.14
Ivy Knoll Apartments2Bd/2Ba Dn W/D2BR,2BA$1.25
Somerset LakesRetreat: One Bedroom Apartment1BR,1BA$1.26
The Life at Harrison Trails2 BED 1 BATH2BR,1BA$1.30
Castleton Manor ApartmentsThe Banyan1BR,1.5BA$1.25
Williamsburg NorthAshland1BR,1BA$1.21
Timber Point ApartmentsThe Ayers1BR,1BA$1.13
Chateau in the Woods1 Bd/1 Ba Sm WD RHN1BR,1BA$1.40
M Club ApartmentsA11BR,1BA$1.37

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 a cheap apartment in Allisonville?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Allisonville is under $1,014.

What is the price of a cheap apartment in Allisonville?

The cheapest apartment in Allisonville is Timber Point Apartments which is listed at $820, while the average apartment in Allisonville costs $1,702.

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 55 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 $172 which is $1,530 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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