
Apartments for Rent in Indianapolis, IN Under $1,500 (885 Rentals) Page 3 of 18


Latitudes Apartments

Overlook at Valley Ridge Apartments

Broad Ripple Flats

Crooked Creek

The Delaware Apartments

Lakeshore Apartments

The Residence at White River Apartments

Sundance Apartments

Bishop Pond Apartments

Waterfront Pointe

The Meadows

Carriage House East

Stadium Lofts & Flats

Willow Brook

Heritage Apartments

Northampton Village Apartments

Wesmont

Paragon Park

Minnie Hartman

TGM Shadeland Station

Woods of Castleton

Loch Haven

Buckingham & Balmoral

Ralston Apartments

Park at Eagle Creek

Riverchase Apartments

TGM Avalon Lake

Kinwood Place

Oak Park

The Life at Belhaven Place

Parkside at Castleton Square Apartments and Townhomes

Total Monthly Price
ReNew at the Crossing

Total Monthly Price
Indy 7925

Cedar Ridge

The Assumption on Blaine

Total Monthly Price
5028 E New York St, Unit 5028, Unit 5028

Total Monthly Price
1121 N Dearborn St, Unit 1121 N Dearborn, Unit 1121 N Dearborn

The Parkview

Drake Street Garden Homes

New Bridge

Hanna Village

Lofts on Madison

Autumn Chase

Wesley Place

Vetra 5480

Edison at Meridian Hills

Pier 39 Apartments & Townhomes

Total Monthly Price
Wylde at Eagle Creek

Windsor Park
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 | $1,184 | $200 | $5,277 |
| Indianapolis 1 Bedroom Apartments Under $1500 | $1,389 | $544 | $5,777 |
| Indianapolis 2 Bedroom Apartments Under $1500 | $1,646 | $545 | $5,783 |
| Indianapolis 3 Bedroom Apartments Under $1500 | $2,027 | $626 | $8,289 |
| Indianapolis 4 Bedroom Apartments Under $1500 | $1,921 | $600 | $10,000+ |
| Indianapolis 5 Bedroom Apartments | $9,084 | $950 | $10,000+ |
Browse Top Apartments in Indianapolis
See all Apartments in IndianapolisExplore Indianapolis
Indianapolis, IN Area Reviews
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 $200 to $5,277 with an average price of $1,184.
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 $5,777 with an average monthly rent of $1,389.
What does renting a Two Bedroom Apartment in Indianapolis cost?
The monthly rent prices of Two Bedroom Apartments currently available in Indianapolis range from $545 to $5,783. Today's average rental price for Two Bedrooms here is $1,646.
How expensive are Indianapolis Three Bedroom Apartments?
There are currently 510 Three Bedroom Apartments listings available in Indianapolis on ApartmentHomeLiving.com. The pricing ranges from $626 to $8,289 - averaging $2,027 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

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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.