Cheap Apartments for Rent in the Ameriplex Neighborhood of Indianapolis, IN from $700 (7 Rentals)

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

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Valley Brook MHC
3 to 4 Bedroom Apartments

Valley Brook MHC

4620 S High School RdIndianapolis, IN 46241
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Glenwood
Studio Apartments

Glenwood

7356 Hillway DrCamby, IN 46113

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 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 ListingModel NameBed/BathPriced From
Alpine StudiosOsloStudio,1BA$975
Home Place Senior Living1 BD 1 BTH1BR,1BA$1,000
Aspen Pointe ApartmentsSpring1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
The Bristol ApartmentsThe Cabot II1BR,1BA$1.96
Aspen Pointe ApartmentsSpring1BR,1BA$1.50
Stone Ridge Flats and TownhomesAzure1BR,1BA$1.70
Camby Crossing1x11BR,1BA$1.67
Home Place Senior Living1 BD 1 BTH1BR,1BA$1.56
Alpine StudiosAndorraStudio ,1BA$2.23

Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Pet Friendly Lifestyle
Ameriplex, Indianapolis, IN

Ranked #194

Among cities in Indiana for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.0
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 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.

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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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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.

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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.