
Cheap Apartments for Rent in the Highlands Neighborhood of Indianapolis, IN from $500 (19 Rentals)
Search the lowest-cost Apartments available for rent right now in the Highlands area of Indianapolis.


The Life at White Pines

Marabou Mills

Mariners Village

Scarborough Lake Apartments

Spinnaker Court Apartments
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.

Pebble Point

Woodhaven Park

Fishermans Village

Garden Pointe Apartments

Lakeside Crossing at Eagle Creek Apartments and Townhomes

The Life at Northwest Gardens
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
Highlands, Indianapolis, IN Local Guide

How much does it cost to rent an apartment in Highlands?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Highlands Studio Apartments | $802 | $675 | $900 |
Highlands 1 Bedroom Apartments | $1,171 | $774 | $2,626 |
Highlands 2 Bedroom Apartments | $1,411 | $875 | $2,698 |
Highlands 3 Bedroom Apartments | $1,785 | $1,320 | $3,343 |
Highlands 4 Bedroom Apartments | $2,399 | $2,399 | $2,399 |
Browse Apartments in this Neighborhood
There are currently 19 rentals with your search options within a 2 mile radius of the Highlands Neighborhood of Indianapolis, IN.
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Highlands, Indianapolis, IN Local Guide
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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 $610. The Life at White Pines has the second lowest priced unit, which is a 1 Bed apartment currently listed from $705. Here are the most affordable Highlands apartments for rent in Indianapolis, IN:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
The Stratford | Studio | Studio,1BA | $610 |
The Life at White Pines | PINE | 1BR,1BA | $705 |
Marabou Mills | Studio | Studio,1BA | $740 |
Scarborough Lake Apartments | The Sunrise 1 BR 1 BA | 1BR,1BA | $757 |
Mariners Village | Studio | Studio,1BA | $764 |
Best Value Apartments for Rent in Highlands, IN
As of June 26, 2025 the best value apartment in the Highlands area is the $1.14 price per square foot 3 BEDROOM | 2 BATHROOM A Model at The Life at Wood Springs in the in the Timberview neighborhood starting from $1,444. The second greatest value Highlands apartment is the CYPRESS Model at The Life at White Pines starting at $1,494 with a $1.25 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
The Life at Wood Springs | 3 BEDROOM | 2 BATHROOM A | 3BR,2BA | $1.14 |
The Life at White Pines | CYPRESS | 3BR,2BA | $1.25 |
Villa Del Sol Apartments | Large, Spacious, Updated 3 Bedroom Townhome Awa... | 3BR,1.5BA | $1.23 |
Idlewood Apartments | B-1 | 2BR,1BA | $1.31 |
Brickyard Flats | B1 | 2BR,1BA | $1.20 |
The Life at Northwest Gardens | 2 BED 1 BATH | 2BR,1BA | $1.12 |
The Stratford | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.11 |
Pebble Point | The Bliss | 1BR,1BA | $1.24 |
Woodhaven Park | One Bedroom One Bath | 1BR,1BA | $1.30 |
Mariners Village | Studio | Studio ,1BA | $1.26 |
Quick Rent Budget Calculator
How much rent can you afford?
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.
Pet Friendly LifestyleHighlands, Indianapolis, IN
Ranked #133
Among neighborhoods in Indianapolis, IN for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
3.5Pet Friendly
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 a cheap apartment in Highlands?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Highlands is under $855.
What is the price of a cheap apartment in Highlands?
The cheapest apartment in Highlands is The Life at White Pines which is listed at $705, while the average apartment in Highlands costs $2,399.
What types of apartments are the cheapest in Highlands?
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 9 regular apartments in Highlands that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Highlands?
Cheap apartments in Highlands have an average cost of $278 which is $2,121 cheaper than the average rent for all rentals in Highlands.
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.

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.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.