
Apartments for Rent in Indianapolis, IN Under $1,500 (887 Rentals) Page 8 of 18


Franklin Studios

Berkley Commons

Rosewood Commons

Maple Court Apartments - Where City Convenience Meets Neighborhood Charm!

34 North Apartments

Indy Town Apartments

Serenity Manor 55+ Independent Active Living

Dogwood Glen

Total Monthly Price
M Club Apartments

Maple Creek Village

King's Reserve College Park 55+ Active Living

Garfield Park Village

Dunbar Court

Elmtree Park

INDY FLATS

Glenstone Studios

Volrath

Meridian Towers

The Stratford

Vivio on Tenth

The Sheldrake Apartments

The Villages at Mill Crossing

16 Park Apartments

632MLK

933-935 N Dearborn St

1646 Ingram St

2018 Rembrandt St

437 N State Ave

1331 W 34th St

1756-1756 S Delaware St

1018 N Tuxedo St

638 Woodruff Pl W Dr, Unit Apt 3

2121-2123 Fairfax Rd

7161 E Pleasant Run Pkwy S Dr, Unit 1

332 N Arsenal Ave

1918 W Washington St, Unit 10

802 N Meridian St

645 Eastern Ave, Unit 645

117 W 36th St

3329-3331 Boulevard Pl

425-427 N Euclid Ave

2464 Tansel Rd

7361 Westchester Dr

1801 N Broadway St

2159-2159 Bellefontaine St, Unit 2157

1819-1819 Union St

7483 Rockleigh Ave

717-717 Southfield Ct

1112 N Rural St, Unit 1110 N Rural
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 507 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.