
Cheap Apartments for Rent in the Boulders Neighborhood of Indianapolis, IN from $400 (29 Rentals)
Search the lowest-cost Apartments available for rent right now in the Boulders area of Indianapolis.


Cherry Glen

Sherbrook

Churchman Woods

Parc Bordeaux Apartments

Sawmill Apartments

Park View at Beech Grove
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.

Greentree Apartments

Fox Club

Sherman Village

Ninth Avenue Apartments

Strawbridge Green

Keeneland Crest Apartments
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

3854 S Sherman Dr

Willow Glen South

Beech Tree Glen Apartments

Beech Meadow Apartments
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!

742 Loews Blvd
Boulders, Indianapolis, IN Local Guide

How much does it cost to rent an apartment in Boulders?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Boulders Studio Apartments | $1,017 | $749 | $1,390 |
Boulders 1 Bedroom Apartments | $1,242 | $415 | $3,004 |
Boulders 2 Bedroom Apartments | $1,419 | $930 | $2,834 |
Boulders 3 Bedroom Apartments | $1,801 | $1,020 | $4,527 |
Boulders 4 Bedroom Apartments | $2,042 | $1,485 | $3,220 |
Browse Apartments in this Neighborhood
There are currently 29 rentals with your search options within a 3 mile radius of the Boulders Neighborhood of Indianapolis, IN.
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Boulders, Indianapolis, IN Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Stone Lake | 1X1 | 1BR,1BA | $650 |
Cherry Glen | Studio | Studio,1BA | $749 |
Windsor Court | Standard One Bedroom (SN4) | 1BR,1BA | $784 |
South & Madison | E1 | Studio,1BA | $840 |
Sawmill Apartments | 1 Bed 1 Bath Small | 1BR,1BA | $849 |
Parc Bordeaux Apartments | Studio | Studio,1BA | $850 |
Fox Club | One Bedroom One Bath | 1BR,1BA | $915 |
Strawbridge Green | Emerson | 2BR,1BA | $950 |
The Sterling | The Lexington | 1BR,1BA | $975 |
Willow Glen South | 1 bed 1 bath | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Lakes of Windsor | Windsor | 3BR,2BA | $1.19 |
Latitudes Apartments | The Constellation 3 BR 2 BA | 3BR,2BA | $1.26 |
Sherman Village | Townhome | 3BR,1.5BA | $1.00 |
Berkley Commons | Two Bedroom 1.5 Bath TH | 2BR,1.5BA | $1.27 |
Oak Park | Forest | 1BR,1BA | $1.12 |
Strawbridge Green | Emerson | 2BR,1BA | $1.14 |
Fox Club | One Bedroom One Bath | 1BR,1BA | $1.14 |
Sawmill Apartments | 1 Bed 1 Bath Small | 1BR,1BA | $1.13 |
The Sterling | The Lexington | 1BR,1BA | $1.32 |
Stone Lake | 1X1 | 1BR,1BA | $1.00 |
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.
Pet Friendly LifestyleBoulders, Indianapolis, IN
Ranked #20
Among neighborhoods in Indianapolis, IN for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Boulders, Indianapolis, IN
Arlington Elementary School
Franklin Township Middle School West
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 $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.

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.

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.

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.

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.