8632 Coralberry Ln
IndianapolisIN46239
Cheap Homes for Rent in Five Points Neighborhood of Indianapolis, IN from $1,500 (2 Rentals)
Search the lowest-cost Homes available for rent right now in the Five Points area of Indianapolis.
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.
3264 Blue Ash Ln
IndianapolisIN46239
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.
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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 | $1,768 | $1,595 | $1,920 |
| Five Points 4 Bedroom Homes for Rent | $1,948 | $1,849 | $2,099 |
Browse Homes for Rent in this Neighborhood
There are currently 2 rentals with your search options within a 2 mile radius of the Five Points Neighborhood of Indianapolis, IN.
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Best Value Apartments for Rent in Five Points, IN
As of March 15, 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 | $1.64 |
| Heathmoore - Indianapolis | 1 Bed 1 Bath | 1BR,1BA | $1.86 |
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 $3,575. There are also 10 Single Family Homes for rent, Condos, and Townhome rentals currently available in Five Points ranging from $1,595 to $2,099.
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 $1,595 to $2,099 with an average monthly rent of $1,858.
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 $1,457 to $1,761, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,595 to $1,920. Four Bedroom Single-Family rentals are also available starting from $1,849 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
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.
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.
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.
Articles, How-To's, and Tips
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.
A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.