
Apartments for Rent in Indianapolis, IN Under $1,500 (899 Rentals) Page 6 of 18


St. James

Trail Side

Olivewood

The Woods of Eagle Creek

Woodbrook

Total Monthly Price
English Village Apartments

Thompson Village Apartments

Summerwood on Towne Line Apartments

Total Monthly Price
Apartments @ Marten Court

Warren Harbor Apartments

Berkley Commons

Horizons Apartments

Sherman Village

Fountainview Apartments

Brockton

Total Monthly Price
Riverbend Apartments

Spinnaker Court

The Hills Apartment Homes

The Pines at SoBro

Ninth Avenue Apartments

Total Monthly Price
The Maywood at Speedway

Total Monthly Price
Astoria Park Apartment Homes

SOUTHPORT AT BUCK CREEK

Bristol Square

Willowood East

Eagle Lake Landing

The Park at Greenhill

Carrollton Manor Apartments

Buckridge at Southport

Jade North Apartments

The Life at Creekside Reserve

The Assumption on Blaine

4901 N Washington Blvd

2945 Schofield Ave, Unit 2945

Lake Marina Apartments

Fisherman's Village

The Vistas Apartment Homes

Meridian Court South

Fox Club

Welcome to Dawson Village – Welcome Home!

The Prairies Apartment Homes

The Grove on 79th

Wildwood Village Apartments

Lake Castleton Apartments

9 On Canal

Willow Glen East

Devonshire Apartments in Downtown Indianapolis

Cross Creek Apartments

Total Monthly Price
Parkhaven 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 | $1,161 | $595 | $5,203 |
| Indianapolis 1 Bedroom Apartments Under $1500 | $1,377 | $497 | $4,895 |
| Indianapolis 2 Bedroom Apartments Under $1500 | $1,634 | $563 | $6,227 |
| Indianapolis 3 Bedroom Apartments Under $1500 | $2,043 | $950 | $9,966 |
| Indianapolis 4 Bedroom Apartments Under $1500 | $1,979 | $600 | $10,000+ |
| Indianapolis 5 Bedroom Apartments | $7,478 | $1,000 | $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 528 Studio Apartments in Indianapolis with rent ranges from $595 to $5,203 with an average price of $1,161.
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 $497 to $4,895 with an average monthly rent of $1,377.
What does renting a Two Bedroom Apartment in Indianapolis cost?
The monthly rent prices of Two Bedroom Apartments currently available in Indianapolis range from $563 to $6,227. Today's average rental price for Two Bedrooms here is $1,634.
How expensive are Indianapolis Three Bedroom Apartments?
There are currently 503 Three Bedroom Apartments listings available in Indianapolis on ApartmentHomeLiving.com. The pricing ranges from $950 to $9,966 - averaging $2,043 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.
Articles, How-To's, and Tips

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.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.