Cheap Apartments for Rent in the Allisonville Neighborhood of Indianapolis, IN from $600 (33 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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Glenstone Studios
$649
Total Monthly Price

Total Monthly Price

Base Rent
$597
Required Monthly Fees
$52

Total Monthly Price
$649
Studio Apartments Available Now

Glenstone Studios

2215 E 56th StIndianapolis, IN 46220
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M Club Apartments
$867 - $2,231
Total Monthly Price

Total Monthly Price

Base Rent
$857 - $2,221
Required Monthly Fees
Varies

Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

M Club Apartments

7007 Courthouse DrIndianapolis, IN 46226
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Riverbend Apartments
Rent Specials
$888 - $1,721
Total Monthly Price

Total Monthly Price

Base Rent
$813 - $1,646
Required Monthly Fees
Varies

Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

Riverbend Apartments

8850 River Bend PkyIndianapolis, IN 46250
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Timber Point Apartments
$935 - $1,505
Total Monthly Price

Total Monthly Price

Base Rent
$923 - $1,493
Required Monthly Fees
$12

Total Monthly Price
$935 - $1,505
1 to 4 Bedroom Apartments Available Now

Timber Point Apartments

6201 Newberry RdIndianapolis, IN 46256
Corporate Housing
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Lake Castleton Apartments
Rent Specials
$980 - $1,654
Total Monthly Price

Total Monthly Price

Base Rent
$868 - $1,542
Required Monthly Fees
$112

Total Monthly Price
$980 - $1,654
Studio to 2 Bedroom Apartments Available Now

Lake Castleton Apartments

7601 Carlton Arms DrIndianapolis, IN 46256
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Avery Point Apartments
$1,023 - $2,919
Total Monthly Price

Total Monthly Price

Base Rent
$980 - $2,876
Required Monthly Fees
$43

Total Monthly Price
$1,023 - $2,919
1 to 2 Bedroom Apartments Available Now

Avery Point Apartments

8525 Laurel Valley DrIndianapolis, IN 46250
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Chateau in the Woods
$1,044 - $1,581
Total Monthly Price

Total Monthly Price

Base Rent
$995 - $1,532
Required Monthly Fees
$49

Total Monthly Price
$1,044 - $1,581
1 to 3 Bedroom Apartments Available Now

Chateau in the Woods

4020 Monaco DrIndianapolis, IN 46220
Corporate Housing
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Bayview Club Apartments
$1,236 - $3,132
Total Monthly Price

Total Monthly Price

Base Rent
$1,193 - $3,089
Required Monthly Fees
$43

Total Monthly Price
$1,236 - $3,132
1 to 3 Bedroom Apartments Available Now

Bayview Club Apartments

7545 Bayview Club DrIndianapolis, IN 46250
Family Friendly
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Fountain Parc
1 to 3 Bedroom Apartments

Fountain Parc

4901 Whitton PlIndianapolis, IN 46220
Affordability

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. The Life at Harrison Trails has the second lowest priced unit, which is a 1 Bed apartment currently listed from $842. Here are the most affordable Allisonville apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Glenstone StudiosStudioStudio,1BA$649
The Life at Harrison Trails1 BED 1 BATH A (LOFT)1BR,1BA$842
M Club ApartmentsA11BR,1BA$858
Timber Point ApartmentsThe Ayers1BR,1BA$885
Riverbend ApartmentsRadiance1BR,1BA$914
Chateau De VilleBordeauxStudio,1BA$923
Williamsburg NorthAshland1BR,1BA$950
Trails at LakesideVictoria1BR,1BA$970
Monon Park, Managed by Buckingham Monon Living1 Bed 1 Bath1BR,1BA$976
Lake Castleton ApartmentsCongressional1BR,1BA$980

Best Value Apartments for Rent in Allisonville, IN

As of April 01, 2026 the best value apartment in the Allisonville area is the $1.13 price per square foot Sanctuary: Two Bedroom Apartment Model at Somerset Lakes in the in the Nora neighborhood starting from $1,515. The second greatest value Allisonville apartment is the B4 - Townhome Model at Veridian Castleton starting at $1,428 with a $1.15 price per square foot in the Berkley Place 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.
Somerset LakesSanctuary: Two Bedroom Apartment2BR,2BA$1.13
Veridian CastletonB4 - Townhome2BR,1.5BA$1.15
Ivy Knoll Apartments2Bd/2Ba Dn W/D2BR,2BA$1.17
The Life at Harrison Trails2 BED 1 BATH2BR,1BA$1.30
The Lenox Apartment HomesThe Andover - Upgraded1BR,1BA$1.26
Castleton Manor ApartmentsThe Banyan1BR,1.5BA$1.38
Williamsburg NorthAshland1BR,1BA$1.21
TGM Autumn WoodsA21BR,1BA$1.42
Fallwood1 Bed/1.5 Ba Dn1BR,1.5BA$1.43
Timber Point ApartmentsThe Ayers1BR,1BA$1.29

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 $980.

What is the price of a cheap apartment in Allisonville?

The cheapest apartment in Allisonville is The Life at Harrison Trails which is listed at $842, while the average apartment in Allisonville costs $1,715.

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 37 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 $151 which is $1,564 cheaper than the average rent for all rentals in Allisonville.

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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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