
Cheap Apartments for Rent in the Hill Valley Neighborhood of Indianapolis, IN from $500 (32 Rentals)
Search the lowest-cost Apartments available for rent right now in the Hill Valley area of Indianapolis.


Meridian Court South

SOUTHPORT AT BUCK CREEK

Buckridge at Southport

Beechmill Apartments

Waterford Place Apartments

Martinique Terrace

The Sycamores
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.

Creek Bay

Murphy's Landing

Oak Park

Aspen Lakes

Community Place

The Jacob

South Haven Village Apartments

Mansfield Village Townhomes
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.

Estate View

Windsor Court

South & Madison

The Sterling

Fountain Lake Villas

Brookhaven at County Line Senior Apartments

Buffalo Creek Apartments

Dakota Ridge
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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.

1703 E Stop 12 Rd

Polo Run Apartments

Auburn Place

Westminster Apartments and Townhomes

Breeza 32 Apartments

Bayshore Apartments

Stonehedge Apartments

Meridian Oaks
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Hill Valley, Indianapolis, IN Local Guide

How much does it cost to rent an apartment in Hill Valley?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Hill Valley Studio Apartments | $1,033 | $794 | $1,325 |
| Hill Valley 1 Bedroom Apartments | $1,076 | $839 | $1,650 |
| Hill Valley 2 Bedroom Apartments | $1,264 | $931 | $2,004 |
| Hill Valley 3 Bedroom Apartments | $1,602 | $1,350 | $1,985 |
| Hill Valley 4 Bedroom Apartments | $1,760 | $1,760 | $1,760 |
Browse Apartments in this Neighborhood
There are currently 32 rentals with your search options within a 2 mile radius of the Hill Valley Neighborhood of Indianapolis, IN.
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Hill Valley, Indianapolis, IN Local Guide
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Cheapest Available Hill Valley Apartments for Rent
 The cheapest available apartment rental in the Hill Valley area of Indianapolis, IN is a Studio unit found at South & Madison priced from $809. Polo Run Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $852. Here are the most affordable Hill Valley apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| South & Madison | E2 | Studio,1BA | $809 |
| Polo Run Apartments | The Morgan 1 BR 1 BA | 1BR,1BA | $852 |
| SOUTHPORT AT BUCK CREEK | 1 Bedroom | 1BR,1BA | $863 |
| The Sterling | The Lexington | 1BR,1BA | $875 |
| Buckridge at Southport | 1BR/1.0BA | 1BR,1BA | $900 |
| Meridian Court South | Villa | 1BR,1BA | $920 |
| Windsor Court | Deluxe One Bedroom (AN1) | 1BR,1BA | $933 |
| Beechmill Apartments | Beech | 1BR,1BA | $985 |
| Martinique Terrace | 2 Bed/1 Ba Standard Up | 2BR,1BA | $999 |
| The Sycamores | The Sycamores | 1BR,1BA | $1,000 |
Best Value Apartments for Rent in Hill Valley, IN
As of April 30, 2026 the best value apartment in the Hill Valley area is the $1.34 price per square foot 3x2.5 TH R Model at South Haven Village Apartments in the in the Winchester Village neighborhood starting from $1,740. The second greatest value Hill Valley apartment is the Ashby Townhome Model at Westminster Apartments and Townhomes starting at $1,475 with a $1.35 price per square foot in the Winchester Village neighborhood. Here is today’s list of the best values for Hill Valley apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| South Haven Village Apartments | 3x2.5 TH R | 3BR,2.5BA | $1.34 |
| Westminster Apartments and Townhomes | Ashby Townhome | 2BR,1.5BA | $1.35 |
| Waterford Place Apartments | The Donegal | 2BR,1.5BA | $1.23 |
| Oak Park | Timber - Upgraded | 2BR,1BA | $1.21 |
| Murphy's Landing | The Hoist | 2BR,1BA | $1.26 |
| Martinique Terrace | 2 Bed/1 Ba Standard Dn | 2BR,1BA | $1.27 |
| SOUTHPORT AT BUCK CREEK | 2 Bedroom | 2BR,1BA | $1.27 |
| South & Madison | B2 | 2BR,1BA | $1.19 |
| The Sterling | The Lexington | 1BR,1BA | $1.18 |
| Buckridge at Southport | 1BR/1.0BA | 1BR,1BA | $1.25 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon't Settle: How to Negotiate Your Apartment Lease and Save Money
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Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
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Read ArticleYour 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
Read ArticleQuick 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 LifestyleHill Valley, Indianapolis, IN
Ranked #143
Among cities in Indiana for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Best Local Schools in Hill Valley, Indianapolis, IN
Douglas Macarthur Elementary School
School data provided by Great Schools
Lifestyle Ratings
Our team is happy to bring you our detailed rental search system called 'Lifestyle ratings', composed of rentals and neighborhoods across the USA, including Indianapolis. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including rankings of the best places for easy access to the parks, luxury amenities, transit availability, pet-friendly communities, family-friendliness, and other valuable search options. Find Lifestyle Search in the filter options (above). Happy Searching!
Frequently Asked Questions about Cheap Hill Valley Apartments
How much is rent for a Cheap One Bedroom Hill Valley Apartment?
The lowest price for a Cheap One Bedroom Hill Valley Apartment is $824 at Windsor Court.
What is the lowest price for a Cheap Two Bedroom Hill Valley Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Hill Valley is starting from $931 at Polo Run Apartments.
What is the most affordable Hill Valley Three Bedroom Apartment?
The best deal on a cheap Hill Valley Three Bedroom Apartment rental is at Westminster Apartments and Townhomes and starts from $1,350.
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.

Indys Innovation Hub: Top Indianapolis Employers and the Neighborhoods that Welcome You Home
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Indianapolis is truly the heart of the Midwest. No matter what career path you choose, opportunities for advancement are everywhere.
Articles, How-To's, and Tips

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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.