
Apartments for Rent in Indianapolis, IN Under $1,500 (992 Rentals) Page 6 of 20


Deercross

Total Monthly Price
Horizons Apartments

Apartments @ Marten Court

Veridian Castleton

Northwood on the Trail

Landmark

Strawbridge Green

Astoria Park Apartment Homes

Bristol Square

The Prairies Apartment Homes

The Life at Harrison Trails

Brookhaven Apartments

SOUTHPORT AT BUCK CREEK

The Park at Greenhill

The Life at Creekside Reserve

Jade North Apartments

Carrollton Manor Apartments

Carriage House East

Total Monthly Price
701 E Perry St, Unit 701 E. Perry Street

Total Monthly Price
755 E Perry St, Unit 755 E. Perry Street

Enclave Park 100

Dawson Village

The Cedars Apartment Homes

Parkhaven Apartment Homes

Lake Marina Apartments

Trails at Lakeside

Alpine Studios

Woodbrook

Cross Creek Apartments

Residences at Lawnview

Minnie Hartman

Fox Club

Sunspring Apartments - a 55+ Community

Total Monthly Price
2943 Schofield Ave, Unit 2943

Total Monthly Price
2947 Schofield Ave, Unit 2947

Woods at Oak Crossing

River Road Apartments

The Fields Apartment Homes

Total Monthly Price
One Somerset

Lincolnshire Apartments

Buckridge at Southport

Meridian Lakes

Pine Glen

Total Monthly Price
M Club Apartments

Greenway Apartments

Parkview Apartments LLC

College Courts

The Hermitage

Stonehenge
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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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 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.