Cheap Apartments for Rent in the Boulders Neighborhood of Indianapolis, IN from $400 (29 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Boulders area of Indianapolis.

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Rosedale Hills
Studio to 3 Bedroom Apartments

Rosedale Hills

2139 E Hanna AveIndianapolis, IN 46227
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Stone Lake
1 to 2 Bedroom Apartments

Stone Lake

2913 E Hanna AveIndianapolis, IN 46227
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Windsor Court
1 to 2 Bedroom Apartments

Windsor Court

7302 Queen Anne CtIndianapolis, IN 46227
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Encore Apartments
Studio to 1 Bedroom Apartments

Encore Apartments

8035 Preidt PlIndianapolis, IN 46237
  • Utilities Included
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South & Madison
Studio to 3 Bedroom Apartments

South & Madison

1819 Madison Village DrIndianapolis, IN 46227

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Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

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Crestwood Village South
Studio to 2 Bedroom Apartments

Crestwood Village South

8809 Madison AveIndianapolis, IN 46227
Senior Living
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Fountain Lake Villas
Studio to 3 Bedroom Apartments

Fountain Lake Villas

2220 E Stop 13 RdIndianapolis, IN 46227
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Grand Oaks
1 to 2 Bedroom Apartments

Grand Oaks

7215 Grand Ritz LnIndianapolis, IN 46237
  • Utilities Included

Boulders - One of the Best Affordable Neighborhoods in Indianapolis

Named as one of the Best Affordable Neighborhoods to rent in Indianapolis by our Local Expert Wendy Melton. See how it ranks!

Boulders, Indianapolis, IN Local Guide

Cheapest Available Boulders Apartments for Rent

 

The cheapest available apartment rental in the Boulders area of Indianapolis, IN is a 1 Bed unit found at Stone Lake priced from $650. Cherry Glen has the second lowest priced unit, which is a Studio apartment currently listed from $749. Here are the most affordable Boulders apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Stone Lake1X11BR,1BA$650
Cherry GlenStudioStudio,1BA$749
Windsor CourtStandard One Bedroom (SN4)1BR,1BA$784
South & MadisonE1Studio,1BA$840
Sawmill Apartments1 Bed 1 Bath Small1BR,1BA$849
Parc Bordeaux ApartmentsStudioStudio,1BA$850
Fox ClubOne Bedroom One Bath1BR,1BA$915
Strawbridge GreenEmerson2BR,1BA$950
The SterlingThe Lexington1BR,1BA$975
Willow Glen South1 bed 1 bath1BR,1BA$984

Best Value Apartments for Rent in Boulders, IN

As of May 11, 2025 the best value apartment in the Boulders area is the $1.19 price per square foot Windsor Model at Lakes of Windsor in the in the Southeast Indianapolis neighborhood starting from $1,670. The second greatest value Boulders apartment is the The Constellation 3 BR 2 BA Model at Latitudes Apartments starting at $1,719 with a $1.26 price per square foot in the Southeast Indianapolis neighborhood. Here is today’s list of the best values for Boulders apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Lakes of WindsorWindsor3BR,2BA$1.19
Latitudes ApartmentsThe Constellation 3 BR 2 BA3BR,2BA$1.26
Sherman VillageTownhome3BR,1.5BA$1.00
Berkley CommonsTwo Bedroom 1.5 Bath TH2BR,1.5BA$1.27
Oak ParkForest1BR,1BA$1.12
Strawbridge GreenEmerson2BR,1BA$1.14
Fox ClubOne Bedroom One Bath1BR,1BA$1.14
Sawmill Apartments1 Bed 1 Bath Small1BR,1BA$1.13
The SterlingThe Lexington1BR,1BA$1.32
Stone Lake1X11BR,1BA$1.00

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Boulders, Indianapolis, IN

Ranked #20

Among neighborhoods in Indianapolis, IN for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Frequently Asked Questions about Cheap Boulders Apartments

What is a cheap apartment in Boulders?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Boulders is under $984.

What is the price of a cheap apartment in Boulders?

The cheapest apartment in Boulders is Stone Lake which is listed at $650, while the average apartment in Boulders costs $1,795.

What types of apartments are the cheapest in Boulders?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 1 regular apartments in Boulders that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Boulders?

Cheap apartments in Boulders have an average cost of $187 which is $1,608 cheaper than the average rent for all rentals in Boulders.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

decorative image for A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Indianapolis article

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.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.