Cheap Apartments for Rent in the Boulders Neighborhood of Indianapolis, IN from $600 (28 Rentals)

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

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Stone Lake
1 to 2 Bedroom Apartments

Stone Lake

2913 E Hanna AveIndianapolis, IN 46227
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Rosedale Hills
Studio to 3 Bedroom Apartments

Rosedale Hills

2139 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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Pleasant Creek Apartments
Studio to 2 Bedroom Apartments

Pleasant Creek Apartments

2816 E County Line RdIndianapolis, IN 46227
  • 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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Fountain Lake Villas
Studio to 3 Bedroom Apartments

Fountain Lake Villas

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

Grand Oaks

7215 Grand Ritz LnIndianapolis, IN 46237
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The Sterling
1 to 2 Bedroom Apartments

The Sterling

8020 Madison AveIndianapolis, IN 46227
Showing Results 1-28, Page 1 of 1

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 $728. One Somerset has the second lowest priced unit, which is a 1 Bed 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$728
One SomersetOne Somerset - 1 Bed/1 Bath1BR,1BA$775
Cherry GlenStudioStudio,1BA$799
SherbrookStudioStudio,1BA$839
South & MadisonE2Studio,1BA$840
Beech Meadow ApartmentsBirch1BR,1BA$899
Emerson VillageThe Cardinal - Premium1BR,1BA$901
Parc Bordeaux ApartmentsStudioStudio,1BA$905
Fox ClubOne Bedroom One Bath1BR,1BA$915
Oak ParkForest1BR,1BA$929

Best Value Apartments for Rent in Boulders, IN

As of November 03, 2025 the best value apartment in the Boulders area is the $1.36 price per square foot 3 Bedroom Model at Park View at Beech Grove in the in the Southeast Indianapolis neighborhood starting from $1,627. The second greatest value Boulders apartment is the Dale Model at Oak Park starting at $1,204 with a $1.25 price per square foot in the Winchester Village 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.
Park View at Beech Grove3 Bedroom3BR,2.5BA$1.36
Oak ParkDale2BR,1BA$1.25
Sawmill Apartments2 Bed 1 Bath Large2BR,1BA$1.05
Encore Apartments2BR/1.5BA2BR,1.5BA$1.30
Keeneland Crest ApartmentsClassic1BR,1BA$1.41
Fox ClubOne Bedroom One Bath1BR,1BA$1.12
Beech Tree Glen Apartments1x1R1BR,1BA$1.22
Berkley CommonsTwo Bedroom One Bath2BR,1BA$1.34
Beech Meadow ApartmentsBirch1BR,1BA$1.30
The SterlingThe Lexington1BR,1BA$1.32

Quick Rent Budget Calculator

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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.

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Pet Friendly Lifestyle
Boulders, Indianapolis, IN

Ranked #53

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

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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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 $929.

What is the price of a cheap apartment in Boulders?

The cheapest apartment in Boulders is Windsor Court which is listed at $728, while the average apartment in Boulders costs $1,577.

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 $1,663 which is $0 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.

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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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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.