Cheap Apartments for Rent in the Ameriplex Neighborhood of Indianapolis, IN from $700 (10 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Ameriplex area of Indianapolis.

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

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Valley Brook MHC
3 Bedroom Apartments

Valley Brook MHC

4620 S High School RdIndianapolis, IN 46241

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Ameriplex, Indianapolis, IN Local Guide

Cheapest Available Ameriplex Apartments for Rent

 

The cheapest available apartment rental in the Ameriplex area of Indianapolis, IN is a 1 Bed unit found at Home Place Senior Living priced from $1,000. Alpine Studios has the second lowest priced unit, which is a Studio apartment currently listed from $1,009. Here are the most affordable Ameriplex apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Home Place Senior Living1 BD 1 BTH1BR,1BA$1,000
Alpine StudiosNordicStudio,1BA$1,009
Horizons ApartmentsThe Aspiration2BR,1BA$1,065

Best Value Apartments for Rent in Ameriplex, IN

As of June 01, 2025 the best value apartment in the Ameriplex area is the $1.87 price per square foot Peak - 2 Bedroom x 2 Bathroom Model at Apex at Perry Crossing in the in the The Settlement - Designer neighborhood starting from $2,090. The second greatest value Ameriplex apartment is the The Rennie Model at The Bristol Apartments starting at $1,340 with a $1.34 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Apex at Perry CrossingPeak - 2 Bedroom x 2 Bathroom2BR,2BA$1.87
The Bristol ApartmentsThe Rennie2BR,2BA$1.34
Camby Crossing2x22BR,2BA$1.51
Arborwood ApartmentsThe Hawthorn1BR,1BA$1.37
Aspen Pointe ApartmentsArbor W/D2BR,1BA$1.54
Echo Park at Perry CrossingA2 | Marcel1BR,1BA$1.77
Horizons ApartmentsThe Aspiration2BR,1BA$1.42
Stone Ridge Flats and TownhomesAzure1BR,1BA$1.63
Home Place Senior Living1 BD 1 BTH1BR,1BA$1.56
Alpine StudiosNordicStudio ,1BA$2.16

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Ameriplex, Indianapolis, IN

Ranked #180

Among neighborhoods in Indianapolis, IN for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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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

Frequently Asked Questions about Cheap Ameriplex Apartments

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 $1,885.

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 2 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 $187 which is $1,698 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.

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A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Indianapolis

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

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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.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.