
Apartments for Rent in Indianapolis, IN Under $1,500 (887 Rentals) Page 9 of 18


861 N Drexel Ave

The Coil

2209 N Arsenal Ave

4233 E 38th St, Unit B

1269 Farley Dr, Unit 1269

2422 Coyner Ave

1466 S Worth Ave

2931 N Tacoma Ave

1301 N Olney St

1505 N Tuxedo St

The Residences on 56th

706-708 N Bosart Ave

830 Weghorst St

3722-3724 N Illinois St

7047 E 10th St

2605 E 13th St

3709-3711 Kinnear Ave

1468 W 32nd St

Kelker Hause

1065 W 33rd St

2029 N College Ave, Unit G

1635 Central Ave

2060 N Delaware St, Unit Apt 3

3120 Priscilla Ave

2804 Adams St

2910 N Gale St

1704 N College Ave

1918 W Washington St, Unit 1 Bedroom

1322 W 26th St

302 N Colorado Ave, Unit 302 1/2

520 S Arlington Ave

4012 Mann Rd

2403 N Oxford St

7043 E 10th St

9024 S Eldorado Dr

810 N Bradley Ave

1344 S Belmont Ave, Unit 1

2501 English Ave, Unit 2501

1301-1303 N Rural St

57-59 N Sherman Dr

225 Trowbridge St

451 N Warman Ave

3709 Brookside Pkwy S Dr

5921 W 25th St

2060 N Delaware St, Unit 12

9126 E 10th St

3528 E Fall Creek Pkwy N Dr

3534 Doctor M.L.K. Jr St

3623 Graceland Ave, Unit 3623 Graceland Ave
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.