Cheap Apartments for Rent in the Highlands Neighborhood of Indianapolis, IN from $500 (21 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.

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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
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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
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Brickyard Flats
Studio to 3 Bedroom Apartments

Brickyard Flats

6363 Hollister DrSpeedway, IN 46224

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Showing Results 1-21, Page 1 of 1

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 $620. Fishermans Village has the second lowest priced unit, which is a Studio apartment currently listed from $649. Here are the most affordable Highlands apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
The StratfordStudioStudio,1BA$620
Fishermans VillageAquaStudio,1BA$649
Cambridge CommonsStudioStudio,1BA$750
Mariners VillageStudioStudio,1BA$762
Scarborough Lake ApartmentsThe Sunset 1 BR 1 BA1BR,1BA$790

Best Value Apartments for Rent in Highlands, IN

As of December 20, 2025 the best value apartment in the Highlands area is the $1.26 price per square foot Redbud Model at Park at Eagle Creek in the in the Timberview neighborhood starting from $1,596. The second greatest value Highlands apartment is the CYPRESS Model at The Life at White Pines starting at $1,536 with a $1.28 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.
Park at Eagle CreekRedbud3BR,2BA$1.26
The Life at White PinesCYPRESS3BR,2BA$1.28
Pebble PointThe Escape2BR,2BA$1.20
Eagle CreekShine1BR,1BA$1.12
Villa Del Sol ApartmentsSpacious one bed one bathroom apartment1BR,1BA$1.04
The Stratford1 Bedroom 1 Bathroom1BR,1BA$1.18
Brickyard FlatsA11BR,1BA$1.23
Woodhaven ParkOne Bedroom One Bath1BR,1BA$1.30
Fishermans VillageCobalt1BR,1BA$1.28
Mariners VillageStudioStudio ,1BA$1.26

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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Pet Friendly Lifestyle
Highlands, Indianapolis, IN

Ranked #94

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 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 $850.

What is the price of a cheap apartment in Highlands?

The cheapest apartment in Highlands is Scarborough Lake Apartments which is listed at $790, 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 87 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 $359 which is $2,040 cheaper than the average rent for all rentals in Highlands.

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.

Articles, How-To's, and Tips

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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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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.

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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!