Cheap Homes for Rent in Allisonville Neighborhood of Indianapolis, IN from $1,800 (15 Rentals)

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

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Showing Results 1-15, 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. Lake Castleton has the second lowest priced unit, which is a 1 Bed apartment currently listed from $826. Here are the most affordable Allisonville apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Glenstone StudiosStudioStudio,1BA$649
Lake CastletonColonial1BR,1BA$826
M Club ApartmentsS1Studio,1BA$889
Timber Point ApartmentsThe Ayers1BR,1BA$890
Williamsburg NorthAshland1BR,1BA$950

Best Value Apartments for Rent in Allisonville, IN

As of July 29, 2025 the best value apartment in the Allisonville area is the $1.12 price per square foot Harmony: Three Bedroom Apartment Model at Somerset Lakes in the in the Nora neighborhood starting from $1,821. The second greatest value Allisonville apartment is the B4 - Townhome Model at Veridian Castleton starting at $1,403 with a $1.13 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 LakesHarmony: Three Bedroom Apartment3BR,2BA$1.12
Veridian CastletonB4 - Townhome2BR,1.5BA$1.13
Ivy Knoll Apartments2Bd/2Ba Dn W/D2BR,2BA$1.23
TGM Avalon LakeB12BR,1.5BA$1.28
The Masters ApartmentsTwo Bedroom - Muirfield II2BR,2BA$1.38
Lenox Apartments1 Bed 1 Bath Apartment - Upgraded1BR,1BA$1.36
Castleton Manor ApartmentsThe Banyan1BR,1.5BA$1.33
Williamsburg NorthAshland1BR,1BA$1.21
Avery Point ApartmentsJade1BR,1BA$1.43
Timber Point ApartmentsThe Ayers1BR,1BA$1.23

Frequently Asked Questions about Allisonville

What type of rentals are currently available in Allisonville?

There are currently 38 Apartments for Rent in Allisonville, IN with pricing that ranges from $649 to $3,789. There are also 15 Single Family Homes for rent, Condos, and Townhome rentals currently available in Allisonville ranging from $1,800 to $2,500.

What is the current price range for Rental Homes in Allisonville?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Allisonville ranges from $1,800 to $2,500 with an average monthly rent of $2,250.

How much are larger Three and Four Bedroom Rentals in Allisonville?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Allisonville range from $1,210 to $3,789, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,800 to $1,800. Four Bedroom Single-Family rentals are also available starting from $2,450 and Four Bedroom Apartments start at $1,420.

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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Indianapolis is not only the state capital of Indiana, it’s also a shining example of what Midwestern living is all about. I’m Wendy, your ApartmentHomeLiving.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.