
Apartments for Rent in Indianapolis, IN Under $1,500 (994 Rentals) Page 12 of 20


4985 N Franklin Rd, Unit 42

4985 N Franklin Rd, Unit 19

4985 N Franklin Rd, Unit 9

4985 N Franklin Rd, Unit 35

910 N Ewing St

2930 N Dearborn St, Unit B

The Whittier

945 Woodruff Place Middle Drive

St. Joseph Flats

Kennedy Apartments

VITRA Apartments

707 North

The Fort Apartments

Fairfax Duplexes

Fletcher Place Lofts

Private Reserve Townhomes

Indiana Flats and Townhomes

The Overlook at Riverdale- Marian University

Turnverein Apartments

1335 Central Ave

The Pointe on Mass

Fletcher Place Terrace

The MK

Crestwood Village South

Preserve at Willow Springs

Wyndham on Delaware

418 Eastern Ave

Cox Creek at Reagan Crossing

Wheeler Lofts

Lighthouse Landings

Bradford Park

450 N Massachusetts Ave

1902 N Talbott St

Honey Creek Apartments

The Pennsylvania

Roberts School Flats

946 MLK

The 101

The Congress at Library Square

The Retreat On Washington

Blacherne Apartments

Plaza at Central Greens

The Steeples on Washington

School 85

Ohio Street TownHomes

City's End

The Lodge Apartments

9000 Westfield Apartments

Crooked Creek
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 | $1,215 | $556 | $6,128 |
| Indianapolis 1 Bedroom Apartments Under $1500 | $1,378 | $543 | $4,354 |
| Indianapolis 2 Bedroom Apartments Under $1500 | $1,657 | $650 | $10,000+ |
| Indianapolis 3 Bedroom Apartments Under $1500 | $1,995 | $799 | $8,628 |
| Indianapolis 4 Bedroom Apartments Under $1500 | $2,472 | $600 | $8,291 |
| Indianapolis 5 Bedroom Apartments | $6,002 | $2,800 | $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 524 Studio Apartments in Indianapolis with rent ranges from $556 to $6,128 with an average price of $1,215.
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 $543 to $4,354 with an average monthly rent of $1,378.
What does renting a Two Bedroom Apartment in Indianapolis cost?
The monthly rent prices of Two Bedroom Apartments currently available in Indianapolis range from $650 to $20,809. Today's average rental price for Two Bedrooms here is $1,657.
How expensive are Indianapolis Three Bedroom Apartments?
There are currently 539 Three Bedroom Apartments listings available in Indianapolis on ApartmentHomeLiving.com. The pricing ranges from $799 to $8,628 - averaging $1,995 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

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Articles, How-To's, and Tips

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Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.