3146 Brandenburg Dr
IndianapolisIN46239
Cheap Homes for Rent in the Five Points Neighborhood of Indianapolis, IN from $1,600 (9 Rentals)
Search the lowest-cost Homes available for rent right now in the Five Points area of Indianapolis.
7850 Harshaw Dr
IndianapolisIN46239
8016 Grove Berry Way
IndianapolisIN46239
2869 Ludwig Dr
IndianapolisIN46239
Indy's Innovation Hub: Top Indianapolis Employers and the Neighborhoods that Welcome You Home
Find your dream job and perfect neighborhood in Indy. Discover major companies and the best places to live for young professionals and families, from historic districts to quiet, upscale communities.
7916 Amadeus Dr
IndianapolisIN46239
3214 Danube Way
IndianapolisIN46239
3412 Black Forest Ln
IndianapolisIN46239
3222 Black Forest Ln
IndianapolisIN46239
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
7913 States Bend Ln
IndianapolisIN46239
Showing Results 1-9, Page 1 of 1
Five Points, Indianapolis, IN Local Guide
How much does it cost to rent a home in Five Points?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Five Points 3 Bedroom Homes for Rent | $1,874 | $1,629 | $2,280 |
| Five Points 4 Bedroom Homes for Rent | $1,947 | $1,775 | $2,120 |
Browse Homes for Rent in this Neighborhood
There are currently 9 rentals with your search options within a 2 mile radius of the Five Points Neighborhood of Indianapolis, IN.
Explore Indianapolis
Let everyone know!
Do you know the Five Points area?
If you’re an expert on all things Five Points, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Cheapest Available Five Points Apartments for Rent
The cheapest available apartment rental in the Five Points area of Indianapolis, IN is a 2 Beds unit found at Churchman Woods priced from $945. Heathmoore - Indianapolis has the second lowest priced unit, which is a 1 Bed apartment currently listed from $945. 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 |
| Heathmoore - Indianapolis | 1 Bed 1 Bath | 1BR,1BA | $945 |
| Indy 7925 | A1R- 1x1 | 1BR,1BA | $1,339 |
Best Value Apartments for Rent in Five Points, IN
As of July 29, 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 C1-SR Model at The 85Twenty starting at $1,744 with a $1.49 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 | C1-SR | 3BR,2BA | $1.49 |
| Churchman Woods | 2 BEDROOM | 2BR,1BA | $1.30 |
| Indy 7925 | A1R- 1x1 | 1BR,1BA | $1.90 |
| Heathmoore - Indianapolis | 1 Bed 1 Bath | 1BR,1BA | $1.64 |
Frequently Asked Questions about Five Points
What type of rentals are currently available in Five Points?
There are currently 14 Apartments for Rent in Five Points, IN with pricing that ranges from $845 to $1,824. There are also 21 Single Family Homes for rent, Condos, and Townhome rentals currently available in Five Points ranging from $1,629 to $2,280.
What is the current price range for Rental Homes in Five Points?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Five Points ranges from $1,629 to $2,280 with an average monthly rent of $1,910.
How much are larger Three and Four Bedroom Rentals in Five Points?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Five Points range from $1,564 to $1,780, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,629 to $2,280. Four Bedroom Single-Family rentals are also available starting from $1,775 and Four Bedroom Apartments start at $1,503.
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
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.
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.
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.
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.
Articles, How-To's, and Tips
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.
Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.
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.