
Cheap Apartments for Rent in the Mars Hill Neighborhood of Indianapolis, IN from $700 (7 Rentals)
Search the lowest-cost Apartments available for rent right now in the Mars Hill area of Indianapolis.


Alpine Studios

Abbey Apartments - Affordable Senior Housing
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.

Aspen Pointe Apartments

Valley Brook MHC

Deerfield Acres
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.

The Oasis
Mars Hill, Indianapolis, IN Local Guide

How much does it cost to rent an apartment in Mars Hill?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Mars Hill Studio Apartments | $1,481 | $1,015 | $1,779 |
| Mars Hill 1 Bedroom Apartments | $1,097 | $778 | $1,249 |
| Mars Hill 2 Bedroom Apartments | $1,281 | $1,100 | $1,478 |
| Mars Hill 3 Bedroom Apartments | $1,375 | $1,345 | $1,468 |
| Mars Hill 4 Bedroom Apartments | $1,710 | $1,710 | $1,710 |
Browse Apartments in this Neighborhood
There are currently 7 rentals with your search options within a 2 mile radius of the Mars Hill Neighborhood of Indianapolis, IN.
See all Apartments in IndianapolisExplore Indianapolis
Cheapest Available Mars Hill Apartments for Rent
 The cheapest available apartment rental in the Mars Hill area of Indianapolis, IN is a 1 Bed unit found at Abbey Apartments - Affordable Senior Housing priced from $778. The Oasis has the second lowest priced unit, which is a 1 Bed apartment currently listed from $994. Here are the most affordable Mars Hill apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Abbey Apartments - Affordable Senior Housing | One Bedroom | 1BR,1BA | $778 |
| The Oasis | The Jasper | 1BR,1BA | $994 |
| Horizons Apartments | The Aspiration | 2BR,1BA | $1,045 |
Best Value Apartments for Rent in Mars Hill, IN
As of May 31, 2026 the best value apartment in the Mars Hill area is the $1.50 price per square foot Arbor Model at Aspen Pointe Apartments in the in the Airport District neighborhood starting from $1,225. The second greatest value Mars Hill apartment is the The Aspiration Model at Horizons Apartments starting at $1,045 with a $1.39 price per square foot in the Airport District neighborhood. Here is today’s list of the best values for Mars Hill apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Aspen Pointe Apartments | Arbor | 2BR,1BA | $1.50 |
| Horizons Apartments | The Aspiration | 2BR,1BA | $1.39 |
| Windsor Park | 2 Bedroom Apartment: The Yorkshire | 2BR,1BA | $1.77 |
| The Oasis | The Jasper | 1BR,1BA | $1.44 |
| Alpine Studios | Aspen | 1BR,1BA | $1.80 |
| Mann Village Apartments | 1 Bedroom Apartment | 1BR,1BA | $1.72 |
| Abbey Apartments - Affordable Senior Housing | One Bedroom | 1BR,1BA | $1.45 |
Frequently Asked Questions about Cheap Mars Hill Apartments
What is the price of a cheap apartment in Mars Hill?
The cheapest apartment in Mars Hill is Abbey Apartments - Affordable Senior Housing which is listed at $778, while the average apartment in Mars Hill costs $1,710.
What types of apartments are the cheapest in Mars Hill?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 15 regular apartments in Mars Hill that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Mars Hill?
Cheap apartments in Mars Hill have an average cost of $615 which is $1,095 cheaper than the average rent for all rentals in Mars Hill.
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

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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.