4127 S Post Rd
IndianapolisIN46239
Cheap Homes for Rent in Five Points Neighborhood of Indianapolis, IN from $1,600 (10 Rentals)
Search the lowest-cost Homes available for rent right now in the Five Points area of Indianapolis.
8632 Coralberry Ln
IndianapolisIN46239
3324 Summer Breeze Ln
IndianapolisIN46239
8039 Bach Dr
IndianapolisIN46239
2875 Ludwig Dr
IndianapolisIN46239
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.
3146 Brandenburg Dr
IndianapolisIN46239
8544 Sweet Birch Dr
IndianapolisIN46239
3222 Black Forest Ln
IndianapolisIN46239
3264 Blue Ash Ln
IndianapolisIN46239
7918 States Bend Ln
IndianapolisIN46239
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.
Showing Results 1-10, 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 | $1,818 | $1,645 | $2,155 |
| Five Points 4 Bedroom Homes for Rent | $2,110 | $1,845 | $2,860 |
Browse Homes for Rent in this Neighborhood
There are currently 10 rentals with your search options within a 2 mile radius of the Five Points Neighborhood of Indianapolis, IN.
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Cheapest Available Five Points Apartments for Rent
The cheapest available apartment rental in the Five Points area of Indianapolis, IN is a 1 Bed unit found at Heathmoore - Indianapolis priced from $975. Indy 7925 has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,063. Here are the most affordable Five Points apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Heathmoore - Indianapolis | 1 Bed 1 Bath | 1BR,1BA | $975 |
| Indy 7925 | A1- 1x1 | 1BR,1BA | $1,063 |
| The 85Twenty | A1-SP | 1BR,1BA | $1,273 |
Best Value Apartments for Rent in Five Points, IN
As of April 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 A1-SR Model at The 85Twenty starting at $1,311 with a $1.70 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 | $1.70 |
| Indy 7925 | A1R- 1x1 | 1BR,1BA | $1.71 |
| Heathmoore - Indianapolis | 1 Bed 1 Bath | 1BR,1BA | $1.69 |
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 $780 to $3,570. There are also 29 Single Family Homes for rent, Condos, and Townhome rentals currently available in Five Points ranging from $1,645 to $2,860.
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 $1,645 to $2,860 with an average monthly rent of $1,964.
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 $1,551 to $1,785, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,645 to $2,155. Four Bedroom Single-Family rentals are also available starting from $1,845 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
A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Indianapolis
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Articles, How-To's, and Tips
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.