
Apartments for Rent in Indianapolis, IN Under $1,500 (909 Rentals) Page 12 of 19


Chapel Hill Apartments

Foxhill Manor Cooperative

Historic Irvington Flats

Lawrence Glen

Van Dyke

Charleston East Apartments

PENN ARTS

1354 Shelby St

Raleigh

Spruce Manor Apartments

The Oasis

Broadway Heights

10 West Apartments

Freeman Apartments

Crestwood Village North

Lake Camelot Apartments

Monon Park, Managed by Buckingham Monon Living

Grand Oaks

Stetson Senior Apartments

60 - ADDISON APARTMENTS

Indy Downtown Colonial Apartments

Abbey Meadows

Magnolia Living

Stonegate Apartments

Eastgate Terrace Apartments

412 N Bradley Ave

919 Broadway St

The Point on Fall Creek

Oakbrook Village

Campus Townhomes

Gathyr Apartments

The Seminole

Trail Side

Markwood Terrace Apartments

Lawrence Landing

Slate Run Lofts

Senate Manor

The Reserve at White River

Lafayette Landing at Kessler

Mayleeno

Fountain Lake Villas

Chelsea Manor

Monon Station Apartments

Monon Lofts

The George Apartment Homes

Northwoods Apartments

Villa Del Sol Apartments

Pickwick Farms Apartments

Trenton House Apartments
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 | $1,228 | $556 | $6,226 |
| Indianapolis 1 Bedroom Apartments Under $1500 | $1,383 | $544 | $3,999 |
| Indianapolis 2 Bedroom Apartments Under $1500 | $1,675 | $650 | $9,351 |
| Indianapolis 3 Bedroom Apartments Under $1500 | $2,024 | $799 | $9,764 |
| Indianapolis 4 Bedroom Apartments Under $1500 | $1,978 | $600 | $9,521 |
| Indianapolis 5 Bedroom Apartments | $5,857 | $950 | $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 527 Studio Apartments in Indianapolis with rent ranges from $556 to $6,226 with an average price of $1,228.
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 $544 to $3,999 with an average monthly rent of $1,383.
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 $9,351. Today's average rental price for Two Bedrooms here is $1,675.
How expensive are Indianapolis Three Bedroom Apartments?
There are currently 523 Three Bedroom Apartments listings available in Indianapolis on ApartmentHomeLiving.com. The pricing ranges from $799 to $9,764 - averaging $2,024 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.

Indys Innovation Hub: Top Indianapolis Employers and the Neighborhoods that Welcome You Home
Written by: Wendy Melton
Indianapolis is truly the heart of the Midwest. No matter what career path you choose, opportunities for advancement are everywhere.
Articles, How-To's, and Tips

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
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.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.