
Homes for Rent in Indianapolis, IN Under $1,500 (477 Rentals) Page 4 of 10


3818 Central Ave

2453 N Goodlet Ave

1520 E Stop 10 Rd

417 N State Ave

746 Edgemont Ave

15 S Post Rd

1155 W 27th St

1229 W 29th St

1214 N Oakland Ave

1438 S Meridian St

3290 Ralston Ave

8124 E 37th St

316 S Oakland Ave

1523 E Market St

1525 E Market St

1525 E Market St

1523 E Market St

20 N Colorado Ave

538 W 29th St

3139 Guilford Ave

3924 Elmonte Ct

926 W 32nd St

1918 Lawrence St, Unit 1924

2703 E Midland Rd

253 N Gray St

835 Tecumseh St

608 Lasalle St

1942 N Emerson Ave

312 E 13th St

130 N Gladstone Ave

130 N Gladstone Ave

3043 N Pennsylvania St

1433 King Ave

1938 N Dearborn St

4013 N Grand Ave

5245 E Market St

2527 N College Ave

4002 N Edmondson Ave

3636 N Whittier Pl

929 N Tremont St

405 N Walcott St

1952 Wallace Ave

1825 E Legrande Ave

1436 W Congress Ave

2238 N Kenwood Ave

3643 W 14th St

4449 Kingsley Dr

55 S Harding St, Unit 108

2103 Singleton St, Unit 2103 Singleton Street - Laura/Tucker
Indianapolis, IN Local Guide

How much does it cost to rent a home in Indianapolis?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Indianapolis 2 Bedroom Homes for Rent | $1,429 | $795 | $3,750 |
| Indianapolis 3 Bedroom Homes for Rent | $1,871 | $850 | $10,000+ |
| Indianapolis 4 Bedroom Homes for Rent | $2,263 | $1,145 | $5,500 |
| Indianapolis 5 Bedroom Homes for Rent | $3,218 | $1,500 | $8,000 |
| Indianapolis 6 Bedroom Homes for Rent | $3,483 | $2,500 | $4,250 |
Browse Top Homes for Rent in Indianapolis
Explore Indianapolis
Indianapolis, IN Area Reviews
Wendy • 3+ years in Indianapolis
August 10, 2025One of Indiana's most beautiful cities!
Frequently Asked Questions about Indianapolis
What type of rentals are currently available in Indianapolis?
There are currently 1820 Apartments for Rent in Indianapolis, IN with pricing that ranges from $513 to $23,499. There are also 1664 Single Family Homes for rent, Condos, and Townhome rentals currently available in Indianapolis ranging from $300 to $10,000.
What is the current price range for Rental Homes in Indianapolis?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Indianapolis ranges from $300 to $10,000 with an average monthly rent of $1,823.
How much are larger Three and Four Bedroom Rentals in Indianapolis?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Indianapolis range from $795 to $7,822, while Three Bedroom Homes, Condos, and Townhomes for rent range from $850 to $10,000. Four Bedroom Single-Family rentals are also available starting from $1,145 and Four Bedroom Apartments start at $600.
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

Welcome to Indy: A Local Expert's Guide to the City's Best Short-Term Rental Neighborhoods
Written by: Wendy Melton
My name is Wendy, and I am the local expert for ApartmentHomeLiving.com in the Indianapolis area. Being born and raised in Indiana, I know the true meaning of Hoosier hospitality.

Indys Innovation Hub: Top Indianapolis Employers and the Neighborhoods that Welcome You Home
Written by: Wendy Melton
Indianapolis is truly the heart of the Midwest. No matter what career path you choose, opportunities for advancement are everywhere.

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.

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.
Articles, How-To's, and Tips

How Commercial-to-Residential Property Conversions Help the Housing Crisis
Written by: Robin Stewart
Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.