
Apartments for Rent in Indianapolis, IN Under $1,500 (899 Rentals) Page 10 of 18


Kelker Hause

2211 E New York St

2211 E New York St

670 E 17th St

1129 S Sheffield Ave

6050 E 16th St

241 N Beville Ave

554 N Parker Ave

408-408 N Parker Ave

4012 Mann Rd

7051 E 11th St

3534 Doctor M.L.K. Jr St

1212 Keystone Ave

1706 N Somerset Ave

9042 S Eldorado Dr

8932A Brigadier Dr

4912 E Washington St

1344 S Belmont Ave

1922 Charles St

1704 N College Ave

2060 N Delaware St

1206 Edgemont Ave

401 S Randolph St

1005 Sanders St

9126 E 10th St

2304 N Ritter Ave

9132 E 10th St

9128 E 10th St

409 N Gray St

3130 E Bradbury Ave

3528 E Fall Creek Pkwy N Dr

3534 E Fall Creek Pkwy N Dr

2238-2240 Barnor Dr

3725 N Sherman Dr

1133 N Olney St

25 S Emerson Ave

2932 N Dearborn St

3610 Balsam Ave

3609 Balsam Ave

6124 Hillside Ave

6702 Georgetown Rd

The Whittier

Kennedy Apartments

707 North

St. Joseph Flats

Garfield Parkside Townhomes

Fairfax Duplexes

Fletcher Place Lofts

Private Reserve Townhomes
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 | $1,161 | $595 | $5,203 |
| Indianapolis 1 Bedroom Apartments Under $1500 | $1,377 | $497 | $4,895 |
| Indianapolis 2 Bedroom Apartments Under $1500 | $1,634 | $563 | $6,227 |
| Indianapolis 3 Bedroom Apartments Under $1500 | $2,043 | $950 | $9,966 |
| Indianapolis 4 Bedroom Apartments Under $1500 | $1,979 | $600 | $10,000+ |
| Indianapolis 5 Bedroom Apartments | $7,478 | $1,000 | $10,000+ |
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Wendy • 3+ years in Indianapolis
August 10, 2025One of Indiana's most beautiful cities!
Frequently Asked Questions about Indianapolis
How much are Studio apartments in Indianapolis?
There are currently 531 Studio Apartments in Indianapolis with rent ranges from $595 to $5,203 with an average price of $1,161.
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 $497 to $4,895 with an average monthly rent of $1,377.
What does renting a Two Bedroom Apartment in Indianapolis cost?
The monthly rent prices of Two Bedroom Apartments currently available in Indianapolis range from $563 to $6,227. Today's average rental price for Two Bedrooms here is $1,634.
How expensive are Indianapolis Three Bedroom Apartments?
There are currently 502 Three Bedroom Apartments listings available in Indianapolis on ApartmentHomeLiving.com. The pricing ranges from $950 to $9,966 - averaging $2,043 for the location.
Expert Rental Resources
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.
Helpful Local Expert Guides

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.

Your Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters
Written by: Wendy Melton
Indianapolis is well-known for being one of the top college cities in the country. Local colleges and universities are ranked in the Top 10 when it comes to sports and academic excellence.

Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods
Written by: Wendy Melton
My name is Wendy, and I've lived in Indiana for most of my life. Indianapolis is our state capital, and many people consider it the heart of the Midwest. People come from all around to explore everything Indianapolis has to offer.
Articles, How-To's, and Tips

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.