
Homes for Rent in Indianapolis, IN Under $1,500 (406 Rentals) Page 5 of 9


1409 S Alabama St

312 E 13th St

4622 E 30th St

525 N Belmont Ave

3516 N Hawthorne Ln

3706 N Kenwood Ave

3708 N Kenwood Ave

6012 Castleford Dr

639 N Gray St

1407 S Alabama St

3301 Mardenna Ave

3202 Ruckle St

3469 Graceland Ave

1620 Palmer St

822 N Bradley Ave

2036 Calhoun St

1737 Terrace Ave

1228 W 18th St

614 N Colorado Ave

2310 E 12th St

145 E 14th St

4318 Spann Ave

1112 N Rural St, Unit 1110 N Rural

3531 Garden Ave

264 N Holmes Ave

1506 N Grant Ave

230 E 9th St

83 N Ewing St

515 N Oxford St

2343 E Adams St

2341 E Adams St

431 N Oakland Ave

2021 N Drexel Ave

729 N Bosart Ave

110 N Grant Ave

119 N Grant Ave

447 N Sherman Dr

1619 S Randolph St

729 N Bosart Ave

6721 Riverfront Ave, Unit Studio, Unit Studio

340 S Dearborn St

4709 E 33rd St

3636 N Whittier Pl

3907 Hoyt Ave

1269 Farley Dr, Unit 1269

8254 Meadowlark Dr

1911 Wilcox St

637 N Gray St

1824 N Riley 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 | $1,468 | $725 | $3,800 |
| Indianapolis 3 Bedroom Homes for Rent | $1,862 | $750 | $4,500 |
| Indianapolis 4 Bedroom Homes for Rent | $2,332 | $1,195 | $10,000+ |
| Indianapolis 5 Bedroom Homes for Rent | $3,542 | $1,595 | $9,000 |
| Indianapolis 6 Bedroom Homes for Rent | $4,450 | $3,900 | $5,000 |
Browse Top Homes for Rent in Indianapolis
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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 1707 Apartments for Rent in Indianapolis, IN with pricing that ranges from $200 to $14,957. There are also 1433 Single Family Homes for rent, Condos, and Townhome rentals currently available in Indianapolis ranging from $320 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 $320 to $10,000 with an average monthly rent of $2,227.
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 $626 to $8,289, while Three Bedroom Homes, Condos, and Townhomes for rent range from $750 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

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
Written by: Wendy Melton
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

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.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.