
Apartments for Rent in Indianapolis, IN Under $1,500 (993 Rentals) Page 3 of 20


Solana Apartments

Lakeshore Apartments

Broad Ripple Flats

Iron Trail at the Hub

The Delaware Apartments

Buckingham & Balmoral

Stadium Lofts & Flats

Stone Ridge Flats and Townhomes

Total Monthly Price
Ralston Apartments

The Meadows

Lakeshore Reserve Off 86th Apartments and Townhomes

Creek Bay

City Heights

Northampton Village Apartments

Heritage Apartments

Colmar Apartments

The Timbers Apartments

Penn Street Tower Apartments

The Life at Belhaven Place

Southern Dunes

Forte Apartments

Crosswinds

Gathyr

Wesley Place

Drake Street Garden Homes

Scandia Apartments

Harrison Place Apartments

Ashton Brook

Center Point

Total Monthly Price
Retreat at Riverbend

Lakeside Crossing at Eagle Creek Apartments and Townhomes

Total Monthly Price
9 On Canal

Waterfront Pointe

Windsor Park

The Eclipse Apartment Homes

Cedar Ridge

The Assumption on Blaine

Apollo & Aurora Apartments

Hanna Village

Elevate Keystone Apartments

TGM Shadeland Station

Autumn Chase

Vetra 5480

Total Monthly Price
ReNew at the Crossing

Pier 39 Apartments & Townhomes

Temple Lofts

The Masters Apartments

The Lodge at Trails Edge

Edge 35
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
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.

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.

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.
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.