Search the lowest-cost Apartments available for rent right now in the Five Points area of Indianapolis.
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| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Five Points Studio Apartments | $1,012 | $790 | $1,235 |
| Five Points 1 Bedroom Apartments | $1,377 | $845 | $3,335 |
| Five Points 2 Bedroom Apartments | $1,428 | $945 | $3,475 |
| Five Points 3 Bedroom Apartments | $1,625 | $1,457 | $1,761 |
| Five Points 4 Bedroom Apartments | $1,663 | $1,503 | $1,824 |
There are currently 7 rentals with your search options within a 2 mile radius of the Five Points Neighborhood of Indianapolis, IN.
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Write a ReviewThe cheapest available apartment rental in the Five Points area of Indianapolis, IN is a 2 Beds unit found at Churchman Woods priced from $945. Indy 7925 has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,028. Here are the most affordable Five Points apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Churchman Woods | 2 BEDROOM | 2BR,1BA | $945 |
| Indy 7925 | A1- 1x1 | 1BR,1BA | $1,028 |
| Heathmoore - Indianapolis | 1 Bed 1 Bath | 1BR,1BA | $1,080 |
As of February 27, 2026 the best value apartment in the Five Points 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 Five Points apartment is the A1-SR Model at The 85Twenty starting at $1,351 with a $1.75 price per square foot in the Southeast Indianapolis neighborhood. Here is today’s list of the best values for Five Points apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Park View at Beech Grove | 3 Bedroom | 3BR,2.5BA | $1.36 |
| The 85Twenty | A1-SR | 1BR,1BA | $1.75 |
| Churchman Woods | 2 BEDROOM | 2BR,1BA | $1.30 |
| Indy 7925 | A1R- 1x1 | 1BR,1BA | $1.60 |
| Heathmoore - Indianapolis | 1 Bed 1 Bath | 1BR,1BA | $1.88 |
The cheapest apartment in Five Points is Indy 7925 which is listed at $1,028, while the average apartment in Five Points costs $1,622.
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 2 regular apartments in Five Points that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
Cheap apartments in Five Points have an average cost of $1,663 which is $0 cheaper than the average rent for all rentals in Five Points.
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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