Cheap Apartments for Rent in the Highlands Neighborhood of Indianapolis, IN from $500 (23 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Highlands 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.

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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Whispering Pines
1 to 3 Bedroom Apartments

Whispering Pines

4444 Mission DrIndianapolis, IN 46254
  • Utilities Included
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The Life at Wood Springs
1 to 3 Bedroom Apartments

The Life at Wood Springs

6495 Piping Rock LnIndianapolis, IN 46254
Corporate Housing
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Heather Ridge
1 to 3 Bedroom Apartments

Heather Ridge

3245 Heather Ridge DrIndianapolis, IN 46214
  • Utilities Included

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Brickyard Flats
Studio to 3 Bedroom Apartments

Brickyard Flats

6363 Hollister DrSpeedway, IN 46224

Highlands, Indianapolis, IN Local Guide

Cheapest Available Highlands Apartments for Rent

 

The cheapest available apartment rental in the Highlands area of Indianapolis, IN is a Studio unit found at The Stratford priced from $520. Marabou Mills has the second lowest priced unit, which is a Studio apartment currently listed from $740. Here are the most affordable Highlands apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
The StratfordStudioStudio,1BA$520
Marabou MillsStudioStudio,1BA$740
Wylde at Eagle CreekEagles Nest1BR,1BA$745
Brickyard FlatsA21BR,1BA$787
Garden Pointe ApartmentsLily Studio UPStudio,1BA$795

Best Value Apartments for Rent in Highlands, IN

As of November 02, 2025 the best value apartment in the Highlands area is the $1.12 price per square foot 5831 Suburban Dr Model at 5831 Suburban Dr, Unit Home For Rent in the in the Cheswick Place neighborhood starting from $2,695. The second greatest value Highlands apartment is the 3x1.5 Townhouse Premium Model at The Meadows Apartment Homes starting at $1,519 with a $1.20 price per square foot in the Cheswick Place neighborhood. Here is today’s list of the best values for Highlands apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
5831 Suburban Dr, Unit Home For Rent5831 Suburban Dr5BR,2.5BA$1.12
The Meadows Apartment Homes3x1.5 Townhouse Premium3BR,1.5BA$1.20
Eagle CreekShine1BR,1BA$1.19
Fishermans VillageSapphire2BR,2BA$1.08
Villa Del Sol ApartmentsSpacious one bed one bathroom apartment1BR,1BA$1.04
The Life at Wood Springs2 BEDROOM | 1 BATHROOM A2BR,1BA$1.24
The Life at White PinesPINE1BR,1BA$1.19
Brickyard FlatsA11BR,1BA$1.27
The Stratford1 Bedroom 1 Bathroom1BR,1BA$1.23
Wylde at Eagle CreekEagles Nest1BR,1BA$1.28

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Your Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters

Learn About the Best Neighborhoods to Rent Near College Campuses in Indianapolis, IN | Find Charlotte Indianapolis Student Housing at ApartmentHomeLiving.com

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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
Highlands, Indianapolis, IN

Ranked #110

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

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals and neighborhoods across the USA, including Highlands, Indianapolis, and the greater Indianapolis area. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including our Star Ratings to compare for convenient access to the outdoors, luxury amenities, pet-friendly features, multifamily communities for the kids, proximity to transit, and much more. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap Highlands Apartments

What is the Cheapest Studio apartment in Highlands?

Currently the most affordable Cheap Studio Apartment in Highlands is at The Stratford listed at $520.

How much is rent for a Cheap One Bedroom Highlands Apartment?

The lowest price for a Cheap One Bedroom Highlands Apartment is $745 at Wylde at Eagle Creek.

What is the lowest price for a Cheap Two Bedroom Highlands Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Highlands is starting from $899 at Fishermans Village.

What is the most affordable Highlands Three Bedroom Apartment?

The best deal on a cheap Highlands Three Bedroom Apartment rental is at Woodhaven Park and starts from $1,299.

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.