
Homes for Rent in Indianapolis, IN Under $1,500 (443 Rentals) Page 5 of 9


2231 Union St

5976 Radnor Rd, Unit 5936 - 2B

9410 Meadowlark Dr

3935 N Hartman Dr

263 S Dearborn St

1301 W Congress Ave

6048 N College Ave

2342 E Legrande Ave

19 S Spencer Ave

3440 N Harding St

3469 Graceland Ave

2036 Calhoun St

4307 N Edmondson Ave

1231 S Denny St

83 N Ewing St

1119 N Dearborn St

2341 E Adams St

2343 E Adams St

270 S Lasalle St

3415 N Colorado Ave

1546 E 10th St

3207 N Arsenal Ave

3829 Biscayne Rd

3421 N Olney St

3823 Biscayne Rd

729 N Bosart Ave

3821 Biscayne Rd

2224 S Keystone Ave

2517 Villa Ave

5221 E 10th St

5159 E 16th St

1346 N Dearborn St

1661 N Talbott St, Unit 1

1661 N Talbott St

3516 N Hawthorne Ln

2722 Dr Andrew J Brown Ave

3607 E Michigan St

328 W 40th St

1822 S Chester Ave

450 Shelby St

822 N Bradley Ave

826 N Beville Ave

1529 Dawson St

3206 S Temple Ave

1527 N Chester Ave

8254 Meadowlark Dr

3934 N Grand Ave

119 N Colorado Ave

3226 Wellington Ave
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 | $1,445 | $595 | $3,800 |
| Indianapolis 3 Bedroom Homes for Rent | $1,871 | $500 | $4,500 |
| Indianapolis 4 Bedroom Homes for Rent | $2,300 | $1,195 | $5,500 |
| Indianapolis 5 Bedroom Homes for Rent | $3,022 | $1,540 | $8,500 |
| Indianapolis 6 Bedroom Homes for Rent | $3,081 | $2,495 | $4,250 |
Browse Top Homes for Rent in Indianapolis
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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 1774 Apartments for Rent in Indianapolis, IN with pricing that ranges from $518 to $14,232. There are also 1538 Single Family Homes for rent, Condos, and Townhome rentals currently available in Indianapolis ranging from $295 to $8,500.
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 $295 to $8,500 with an average monthly rent of $1,837.
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 $799 to $9,205, while Three Bedroom Homes, Condos, and Townhomes for rent range from $500 to $4,500. Four Bedroom Single-Family rentals are also available starting from $1,195 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

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.

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.
Articles, How-To's, and Tips

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.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.