Apartments for Rent in Indianapolis, IN Under $1,500 (852 Rentals)

Kennedy Apartments

Lockerbie Lofts

Axis

Canal Overlook Apartments

Quarry at River North

Shadeland Terrace Townhomes w/Basements

Pulliam Square

Ardmore Apartments
The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

Versa

The Landing Apartments

Country Lake Townhomes

Ivy Knoll Apartments

Somerset Lakes

The Otis at Fort Ben Apartments

The Grounds

The Coil

Slate Apartments
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

82 Flats At The Crossing

The Timbers Apartments

Everly at Meridian Hills

Ironworks at Keystone

Mansion Row - Where Historic Charm Meets Modern

CityWay

The Lakes Apartments

AYR Apartments
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.

Garden Arch Apartments

Wyndham on Delaware

South Haven Village Apartments

3229 Dr Andrew J Brown Ave, Unit 3227 Dr Andrew J Brown Av

The Edge

The Preserve on Allisonville Townhomes

ARLO Apartments

Castle Creek Apartments

Cosmopolitan on the Canal

Five Twenty Virginia

Indy 7925
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.

The Marott Apartments

Industry Indianapolis

Nine+Eighteen

Bluff Crossing Apartments

The Jacob

Penn Street Tower Apartments

Lake Clearwater Apartments

Edgewater Apartments

1204 N Dearborn St, Unit B

Whittier Place

1631 Columbia Ave, Unit B
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
Indianapolis, IN Local Guide

How much does it cost to rent an apartment in Indianapolis?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Indianapolis Studio Apartments Under $1500 | $1,255 | $595 | $5,271 |
Indianapolis 1 Bedroom Apartments Under $1500 | $1,407 | $597 | $4,292 |
Indianapolis 2 Bedroom Apartments Under $1500 | $1,683 | $695 | $5,710 |
Indianapolis 3 Bedroom Apartments Under $1500 | $2,060 | $1,095 | $10,000+ |
Indianapolis 4 Bedroom Apartments Under $1500 | $1,536 | $550 | $4,839 |
Indianapolis 5 Bedroom Apartments | $6,295 | $3,570 | $9,020 |
Browse Top Apartments in Indianapolis
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Indianapolis, IN Local Guide
- Indianapolis Neighborhoods
- Nearby Cities
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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.
Getting Around Indianapolis, IN
Walk Score®
50 / 100
Somewhat Walkable
Some errands can be accomplished on foot
Bike Score®
53 / 100
Bikeable
Some bike infrastructure
Transit Score®
29 / 100
Some Transit
A few nearby public transportation options
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 Indianapolis
How much are Studio apartments in Indianapolis?
There are currently 249 Studio Apartments in Indianapolis with rent ranges from $595 to $5,271 with an average price of $1,255.
What is the current price range for One Bedroom Indianapolis Apartments for rent?
Today's rental pricing for One Bedroom Apartments in Indianapolis ranges from $597 to $4,292 with an average monthly rent of $1,407.
What does renting a Two Bedroom Apartment in Indianapolis cost?
The monthly rent prices of Two Bedroom Apartments currently available in Indianapolis range from $695 to $5,710. Today's average rental price for Two Bedrooms here is $1,683.
How expensive are Indianapolis Three Bedroom Apartments?
There are currently 431 Three Bedroom Apartments listings available in Indianapolis on ApartmentHomeLiving.com. The pricing ranges from $1,095 to $11,670 - averaging $2,060 for the location.
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.

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.