
Apartments for Rent in Indianapolis, IN Under $1,500 (886 Rentals) Page 7 of 18


Churchman Woods

The Life at Harrison Trails

Wellington Square Apartments

Brookwood Apartments

Capital Place

Annhurst

Madison Lofts

Olivewood

The Meadows Apartment Homes

Covered Bridge

The Life at Northwest Gardens

The Fields Apartment Homes

Harrison Point Apartments

The Cedars Apartment Homes

Mariners Village Apartments

Darby Court

Encore Apartments

St. Agnes Apartments

Carlton Apartments

The Washington

The Meridian

Parkway

The Star

Kingston Square Apartments

Broad Ripple Trails

Sherbrook

Priscilla on Pennsylvania

The Vineyards Apartment Homes

Garden Pointe Apartments

Greenway Apartments

Westbury Court

The Life at Wood Springs

Cambridge Commons

1733 N. Meridian

Heathmoore - Indianapolis

Abbey Apartments - Affordable Senior Housing

Total Monthly Price
One Somerset

Serenity Park Apartments

Eagle Creek Court

5700 Madison Apartments & Edgewood on Madison

Traymore Apartments

Willowood East

Pinnacle West

Ashgrove Apartments

Autumn Trails Apartments

The Hub at Nora

The Boardwalk at Westlake Apartments and Townhomes

Marabou Mills

The Meridian North and South
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+ |
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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 $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 513 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.