
Homes for Rent in Indianapolis, IN Under $1,500 (477 Rentals) Page 5 of 10


3420 N Denny St

4218 Carrollton Ave

230 E 9th St

2921 N Dearborn St

Total Monthly Price
615 N East St, Unit SI FL2-ID1364146P

2968 Wallace Ave

2402 Mars Hill St

1226 N Belmont Ave

2034 Singleton St

Furnished Studio-Indianapolis - Castleton

3356 Carrollton Ave

5936 Dewey Ave

Total Monthly Price
615 N East St, Unit SI ID1364133P

3618 N Capitol Ave, Unit 3618

5976 Radnor Rd, Unit 5936 - 2B

2312 E 12th St, Unit 2312 E 12th Street

32 Adler St, Unit 32

6249 Windsor Dr

6302 Rucker Rd, Unit 6302-B

2231 Union St

6302 Rucker Rd

4005 E 31st St

523 S Drexel Ave

3569 Prospect St

2813 Del Prado Dr

733 Orange St

1306 N Bosart Ave

2354 Shelby St

714 Buchanan St

3531 Garden Ave

3337 Prospect St

411 W 39th St

350 S Oxford St

2143 Bellefontaine St

3270 Ralston Ave

263 S Dearborn St

6048 N College Ave

1741 Thaddeus St

8124 E 37th Pl

8715 Montery Rd

729 N Bosart Ave

336 Dequincy St

5221 E 10th St

729 N Bosart Ave

3421 N Olney St

1661 N Talbott St

1661 N Talbott St, Unit 1

2114 S Woodlawn Ave

2725 Kristen Dr W
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.