Cheap Apartments for Rent in the Allisonville Neighborhood of Indianapolis, IN from $600 (31 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 1-31, 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. Riverbend Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $832. Here are the most affordable Allisonville apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Glenstone StudiosStudioStudio,1BA$649
Riverbend ApartmentsMadrid1BR,1BA$832
M Club ApartmentsA11BR,1BA$848
The Life at Harrison Trails1 BED 1 BATH B1BR,1BA$859
Timber Point ApartmentsThe Bonelli2BR,2BA$865
Trails at LakesideVictoria1BR,1BA$895
Lake Castleton ApartmentsCongressional1BR,1BA$896
Williamsburg NorthAshland1BR,1BA$950
TGM Autumn WoodsA11BR,1BA$999
Castleton Manor ApartmentsThe Banyan1BR,1BA$999

Best Value Apartments for Rent in Allisonville, IN

As of December 28, 2025 the best value apartment in the Allisonville area is the $1.15 price per square foot B4 - Townhome Model at Veridian Castleton in the in the Berkley Place neighborhood starting from $1,428. 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$1.15
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$1.23
The Masters ApartmentsTwo Bedroom - Pinehurst II2BR,1BA$1.35
Timber Point ApartmentsThe Ashland1BR,1BA$1.08
Castleton Manor ApartmentsThe Banyan1BR,1.5BA$1.25
The Lenox Apartment Homes1 Bed 1 Bath Apartment - Renovated1BR,1BA$1.32
Williamsburg NorthAshland1BR,1BA$1.21
The Life at Harrison Trails1 BED 1 BATH A (LOFT)1BR,1BA$1.39

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 $999.

What is the price of a cheap apartment in Allisonville?

The cheapest apartment in Allisonville is Riverbend Apartments which is listed at $832, while the average apartment in Allisonville costs $1,650.

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 54 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 $155 which is $1,495 cheaper than the average rent for all rentals in Allisonville.

Expert Rental Resources

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.

Helpful Local Expert Guides

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