
Apartments for Rent in Indianapolis, IN Under $1,500 (994 Rentals) Page 14 of 20


10 West Apartments

CrossRoads @ Southgreen

Freeman Apartments

Lake Camelot Apartments

Monon Park, Managed by Buckingham Monon Living

Crestwood Village North

Grand Oaks

Stetson Senior Apartments

60 - ADDISON APARTMENTS

Indy Downtown Colonial Apartments

Abbey Meadows

Magnolia Living

Stonegate Apartments

Eastgate Terrace Apartments

6028 Laurel Hall Dr

412 N Bradley Ave

CrossRoads @ Madison Park

919 Broadway St

The Point on Fall Creek

Oakbrook Village

Campus Townhomes

Trail Side

The Seminole

Lawrence Landing

Slate Run Lofts

Historic Irvington Flats

The Reserve at White River

Lafayette Landing at Kessler

Senate Manor

Mayleeno

Ninth Avenue Apartments

Chelsea Manor

Monon Station Apartments

Stanton Apartments

Monon Lofts

4901 N Washington Blvd

Trenton House Apartments

Pickwick Farms Apartments

Utomin Apartments

The Sterling

Heather Ridge

Northwoods Apartments

Villa Del Sol Apartments

Birchwood Place Apartments

Linwood Manor

Madison Apartments

Irvington Living III

Canal Gardens

Waterstone Place 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 | $1,215 | $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

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.

Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods
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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.

Your Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters
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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.

A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Indianapolis
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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.
Articles, How-To's, and Tips

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
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.

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.