Cheap Homes for Rent in Allisonville Neighborhood of Indianapolis, IN from $1,300 (4 Rentals)

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

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

Best Value Apartments for Rent in Allisonville, IN

As of April 25, 2026 the best value apartment in the Allisonville area is the $1.08 price per square foot Sanctuary: Two Bedroom Apartment Model at Somerset Lakes in the in the Nora neighborhood starting from $1,448. 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$1.08
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$1.31
Castleton Manor ApartmentsThe Banyan1BR,1.5BA$1.25
Williamsburg NorthAshland1BR,1BA$1.21
TGM Autumn WoodsA21BR,1BA$1.42
Timber Point ApartmentsThe Ayers1BR,1BA$1.26
Summit at KeystoneThe Aspen1BR,1BA$1.31

Frequently Asked Questions about Allisonville

What type of rentals are currently available in Allisonville?

There are currently 51 Apartments for Rent in Allisonville, IN with pricing that ranges from $649 to $5,862. There are also 6 Single Family Homes for rent, Condos, and Townhome rentals currently available in Allisonville ranging from $1,300 to $2,285.

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 $1,300 to $2,285 with an average monthly rent of $1,754.

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 $1,185 to $4,781, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,300 to $2,285. Four Bedroom Single-Family rentals are also available starting from $2,170 and Four Bedroom Apartments start at $1,340.

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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Articles, How-To's, and Tips

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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Renting your next home can feel thrilling and overwhelming at the same time.