
New Apartments for Rent in Indianapolis, IN Under $1,500 (133 Rentals) Page 2 of 3


Alpine Studios

Madison Lofts

Vivio on Tenth

Garfield Parkside Townhomes

The Overlook at Riverdale- Marian University

Preserve at Willow Springs
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.

Cox Creek at Reagan Crossing

632 MLK Apartments

Illinois Street Senior Apartments

The Congress at Library Square

Morton School Senior Apartments

The Retreat On Washington
Check Out Indianapolis’s Best Affordable Neighborhoods
Learn about Indianapolis and the best places to live with original content written by our Local Expert Wendy Melton

520 E Washington St

Slate Run Lofts

The Reserve at White River

Overlook at the Fairgrounds

Sunstone at Arlington Woods

Parkside At Tarkington

Aria Apartments of Zionsville

The Grove

Signature at Carmel

Echo Park at Perry Crossing

Sunrise on the Monon

District South

River Place Flats

Satori Flats

Nese Apartments

Maverick Modern Apartments

The Hangar on Emerson Apartments

Muse Carmel

Alinium at Zionsville

Mezz 42

Hobbs Station

Arlington Farms

Greenview

Apex at Perry Crossing

Avant

The Ascent Apartments of Plainfield

Flats at Switch
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 | $1,255 | $595 | $5,271 |
Indianapolis 1 Bedroom Apartments | $1,407 | $597 | $4,292 |
Indianapolis 2 Bedroom Apartments | $1,683 | $695 | $5,710 |
Indianapolis 3 Bedroom Apartments | $2,060 | $1,095 | $10,000+ |
Indianapolis 4 Bedroom Apartments | $1,536 | $550 | $4,839 |
Indianapolis 5 Bedroom Apartments | $6,295 | $3,570 | $9,020 |
Explore Indianapolis
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 New Indianapolis Apartments
What is the Cheapest New apartment in Indianapolis?
Currently the most affordable New Apartment in Indianapolis is at Vivio on Tenth listed at $550.
How much is the average rent for a New Indianapolis Apartment?
The average rent for a New Apartment in Indianapolis is $1,943.
What is the largest New Indianapolis Apartment for rent?
Today's New apartment with the most square footage in Indianapolis is a 2,675 square feet unit starting from $1,569 at Slate at Fishers District Luxury Villas & Townhomes.
What is the average size for Indianapolis New Apartments for rent?
The average size for a New rental in Indianapolis is currently at 633 sq ft.
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.