Cheap Apartments for Rent in the Boulders Neighborhood of Indianapolis, IN from $600 (58 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

close
View Me
One Somerset
Rent Specials
$775 - $995
Total Monthly Price

Total Monthly Price

Base Rent
$775 - $995
Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

One Somerset

3761 S State AveIndianapolis, IN 46227
Student Housing
  • Verified
  • Customer Reviewed
  • 3D Tour

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

Read Article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

Read Article
close
View Me
The 85Twenty
Rent Specials
$1,245 - $1,806
Total Monthly Price

Total Monthly Price

Base Rent
$1,245 - $1,806
Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

The 85Twenty

8520 Sierra Ridge DrIndianapolis, IN 46239
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

Read Article
close
View Me
Rosedale Hills
Studio to 3 Bedroom Apartments

Rosedale Hills

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

Stone Lake

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

Windsor Court

7302 Queen Anne CtIndianapolis, IN 46227
close
View Me
South & Madison
Studio to 3 Bedroom Apartments

South & Madison

1819 Madison Village DrIndianapolis, IN 46227
close
View Me
The Sterling
1 to 2 Bedroom Apartments

The Sterling

8020 Madison AveIndianapolis, IN 46227
close
View Me
Ninth Avenue Apartments
Studio to 3 Bedroom Apartments

Ninth Avenue Apartments

4651 Mimi DrIndianapolis, IN 46237
Corporate Housing
close
View Me
Fountain Lake Villas
Studio to 3 Bedroom Apartments

Fountain Lake Villas

2220 E Stop 13 RdIndianapolis, IN 46227
Senior Living

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

Read Article
close
View Me
Grand Oaks
1 to 2 Bedroom Apartments

Grand Oaks

7215 Grand Ritz LnIndianapolis, IN 46237
  • Utilities Included
close
View Me
Franklin Cove
1 to 4 Bedroom Apartments

Franklin Cove

8505 Faywood DrIndianapolis, IN 46239
  • Utilities Included
close
View Me
Alder Woods
1 to 2 Bedroom Apartments

Alder Woods

6806 E County Line RdIndianapolis, IN 46237
close
View Me
Crestwood Village South
Studio to 2 Bedroom Apartments

Crestwood Village South

8809 Madison AveIndianapolis, IN 46227
Senior Living
close
View Me
Fairfax Duplexes
2 Bedroom Apartments

Fairfax Duplexes

2123 Fairfax RdIndianapolis, IN 46227

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

Read Article
Showing Results 1-50, Page 1 of 2

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 Windsor Court priced from $768. One Somerset has the second lowest priced unit, which is a 2 Beds apartment currently listed from $775. Here are the most affordable Boulders apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Windsor CourtStandard One Bedroom (SN1)1BR,1BA$768
One SomersetOne Somerset - 1 Bed/1 Bath* Call about our Mov...2BR,1BA$775
South & MadisonE2Studio,1BA$809
Cherry GlenStudioStudio,1BA$819
Sawmill Apartments1 Bed 1 Bath Small1BR,1BA$849
Parc Bordeaux ApartmentsStudioStudio,1BA$850
The SterlingThe Lexington1BR,1BA$850
SherbrookStudioStudio,1BA$865
Beech Meadow ApartmentsBirch1BR,1BA$868
Greentree Apartments1x1 Classic1BR,1BA$889

Best Value Apartments for Rent in Boulders, IN

As of June 13, 2026 the best value apartment in the Boulders area is the $1.04 price per square foot Madison Model at Strawbridge Green in the in the Shelby Street-Epler Avenue neighborhood starting from $1,175. The second greatest value Boulders apartment is the Two Bedroom 1.5 Bath Model at Fox Club starting at $1,100 with a $1.10 price per square foot in the Shelby Street-Epler Avenue 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.
Strawbridge GreenMadison2BR,1.5BA$1.04
Fox ClubTwo Bedroom 1.5 Bath2BR,1.5BA$1.10
Oak ParkB2 Timber Upgrade2BR,1BA$1.21
Fountain Lake VillasThe Herrington2BR,1BA$1.27
Beech Tree Glen Apartments2x1R2BR,1BA$1.19
Beech Meadow ApartmentsBirch1BR,1BA$1.16
The SterlingThe Lexington1BR,1BA$1.15
Churchman Woods2 BEDROOM2BR,1BA$1.30
Sherman VillageGarden Apt1BR,1BA$1.28
South & MadisonE2Studio ,1BA$1.19

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

Read Article
Decorative image

Your Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters

Learn About the Best Neighborhoods to Rent Near College Campuses in Indianapolis, IN | Find Charlotte Indianapolis Student Housing at ApartmentHomeLiving.com

Read Article
Decorative image

Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

Read Article
Decorative image

Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Boulders, Indianapolis, IN

Ranked #56

Among cities in Indiana for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

decorative image of woman handing cat to small boy

Best Local Schools in
Boulders, Indianapolis, IN

School data provided by Great Schools

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 $889.

What is the price of a cheap apartment in Boulders?

The cheapest apartment in Boulders is Windsor Court which is listed at $768, while the average apartment in Boulders costs $1,800.

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 3 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 $415 which is $1,385 cheaper than the average rent for all rentals in Boulders.

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

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.

decorative image for Your Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters article

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.

decorative image for Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods article

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.

decorative image for Indys Innovation Hub: Top Indianapolis Employers and the Neighborhoods that Welcome You Home article

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

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

decorative image for Pet-Friendly Renting: Everything You Need to Know Before You Move article

Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

decorative image for Creative Ways Developers Reimagine Retail Spaces as Residential Units article

Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

decorative image for Neighborhood and Market Insights: How to Choose the Right Area to Rent article

Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.