
Cheap Apartments for Rent in the Ameriplex Neighborhood of Indianapolis, IN from $700 (7 Rentals)
Search the lowest-cost Apartments available for rent right now in the Ameriplex area of Indianapolis.


Stone Ridge Flats and Townhomes

Alpine Studios

Home Place Senior Living

Camby Crossing
Ameriplex, Indianapolis, IN Local Guide

How much does it cost to rent an apartment in Ameriplex?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Ameriplex Studio Apartments | $1,009 | $892 | $1,084 |
Ameriplex 1 Bedroom Apartments | $1,258 | $1,000 | $1,825 |
Ameriplex 2 Bedroom Apartments | $1,465 | $1,145 | $2,120 |
Ameriplex 3 Bedroom Apartments | $1,632 | $1,489 | $2,285 |
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Ameriplex, Indianapolis, IN Local Guide
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Cheapest Available Ameriplex Apartments for Rent
 The cheapest available apartment rental in the Ameriplex area of Indianapolis, IN is a Studio unit found at Alpine Studios priced from $975. Home Place Senior Living has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,000. Here are the most affordable Ameriplex apartments for rent in Indianapolis, IN:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Alpine Studios | Oslo | Studio,1BA | $975 |
Home Place Senior Living | 1 BD 1 BTH | 1BR,1BA | $1,000 |
Aspen Pointe Apartments | Spring | 1BR,1BA | $1,110 |
Best Value Apartments for Rent in Ameriplex, IN
As of October 12, 2025 the best value apartment in the Ameriplex area is the $1.96 price per square foot The Cabot II Model at The Bristol Apartments in the in the Airport District neighborhood starting from $1,625. The second greatest value Ameriplex apartment is the Spring Model at Aspen Pointe Apartments starting at $1,110 with a $1.50 price per square foot in the Airport District neighborhood. Here is today’s list of the best values for Ameriplex apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
The Bristol Apartments | The Cabot II | 1BR,1BA | $1.96 |
Aspen Pointe Apartments | Spring | 1BR,1BA | $1.50 |
Stone Ridge Flats and Townhomes | Azure | 1BR,1BA | $1.70 |
Camby Crossing | 1x1 | 1BR,1BA | $1.67 |
Home Place Senior Living | 1 BD 1 BTH | 1BR,1BA | $1.56 |
Alpine Studios | Andorra | Studio ,1BA | $2.23 |
Quick Rent Budget Calculator
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Pet Friendly LifestyleAmeriplex, Indianapolis, IN
Ranked #194
Among cities in Indiana for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Best Local Schools in Ameriplex, Indianapolis, IN
School data provided by Great Schools
Getting Around the Ameriplex Neighborhood in Indianapolis, IN
Walk Score®
17 / 100
Car-Dependent
Almost all errands require a car
Bike Score®
38 / 100
Somewhat Bikeable
Minimal bike infrastructure
Transit Score®
17 / 100
Minimal Transit
It may be possible to get on a bus
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Ameriplex Apartments
What is a cheap apartment in Ameriplex?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Ameriplex is under $1,475.
What is the price of a cheap apartment in Ameriplex?
The cheapest apartment in Ameriplex is Home Place Senior Living which is listed at $1,000, while the average apartment in Ameriplex costs $1,602.
What types of apartments are the cheapest in Ameriplex?
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 15 regular apartments in Ameriplex 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 Ameriplex?
Cheap apartments in Ameriplex have an average cost of $599 which is $1,003 cheaper than the average rent for all rentals in Ameriplex.
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.

A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Indianapolis
Written by: Wendy Melton
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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.