
Cheap Homes for Rent in Allisonville Neighborhood of Indianapolis, IN from $1,300 (4 Rentals)
Search the lowest-cost Homes available for rent right now in the Allisonville area of Indianapolis.


6302 Rucker Rd
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.

Furnished Studio-Indianapolis - Castleton

5036 E 76th St Ct
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.
Allisonville, Indianapolis, IN Local Guide

How much does it cost to rent a home in Allisonville?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Allisonville 3 Bedroom Homes for Rent | $1,792 | $1,300 | $2,285 |
| Allisonville 4 Bedroom Homes for Rent | $2,170 | $2,170 | $2,170 |
Browse Homes for Rent in this Neighborhood
There are currently 4 rentals with your search options within a 2 mile radius of the Allisonville Neighborhood of Indianapolis, IN.
Explore Indianapolis
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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Somerset Lakes | Sanctuary: Two Bedroom Apartment | 2BR,2BA | $1.08 |
| Veridian Castleton | B4 - Townhome | 2BR,1.5BA | $1.15 |
| Ivy Knoll Apartments | 2Bd/2Ba Dn W/D | 2BR,2BA | $1.17 |
| The Life at Harrison Trails | 2 BED 1 BATH | 2BR,1BA | $1.30 |
| The Lenox Apartment Homes | The Andover - Upgraded | 1BR,1BA | $1.31 |
| Castleton Manor Apartments | The Banyan | 1BR,1.5BA | $1.25 |
| Williamsburg North | Ashland | 1BR,1BA | $1.21 |
| TGM Autumn Woods | A2 | 1BR,1BA | $1.42 |
| Timber Point Apartments | The Ayers | 1BR,1BA | $1.26 |
| Summit at Keystone | The Aspen | 1BR,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

A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Indianapolis
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Articles, How-To's, and Tips

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
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This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
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This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
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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.