
Cheap Apartments for Rent in the Michigan Highland Neighborhood of Indianapolis, IN from $500 (16 Rentals)
Search the lowest-cost Apartments available for rent right now in the Michigan Highland area of Indianapolis.


8056 Pebble Creek Ct

Dogwood Glen

The Meridian North and South

Carlton Apartments
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
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Reflections Apartments

8056 Pebble Creek Ct

Turtle Creek

The Eclipse Apartment Homes

Meridian Lakes
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

The Grove on 79th

Landmark
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
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Michigan Highland, Indianapolis, IN Local Guide

How much does it cost to rent an apartment in Michigan Highland?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Michigan Highland Studio Apartments | $897 | $695 | $1,159 |
| Michigan Highland 1 Bedroom Apartments | $1,032 | $699 | $1,855 |
| Michigan Highland 2 Bedroom Apartments | $1,246 | $804 | $2,599 |
| Michigan Highland 3 Bedroom Apartments | $1,509 | $1,124 | $2,249 |
Browse Apartments in this Neighborhood
There are currently 16 rentals with your search options within a 2 mile radius of the Michigan Highland Neighborhood of Indianapolis, IN.
See all Apartments in IndianapolisExplore Indianapolis
Michigan Highland, Indianapolis, IN Local Guide
- Nearby Indianapolis neighborhoods
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Cheapest Available Michigan Highland Apartments for Rent
 The cheapest available apartment rental in the Michigan Highland area of Indianapolis, IN is a 1 Bed unit found at The Meridian North and South priced from $754. Carlton Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $840. Here are the most affordable Michigan Highland apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Meridian North and South | A7S South | 1BR,1BA | $754 |
| Carlton Apartments | Cottage | 1BR,1BA | $840 |
| Reflections Apartments | Replica | Studio,1BA | $844 |
| Turtle Creek | Studio | Studio,1BA | $859 |
| The Eclipse Apartment Homes | The Luna I - Classic | 1BR,1BA | $879 |
Best Value Apartments for Rent in Michigan Highland, IN
As of December 22, 2025 the best value apartment in the Michigan Highland area is the $1.18 price per square foot 7176B1 Model at Pinnacle on Meridian in the in the Nora neighborhood starting from $2,599. The second greatest value Michigan Highland apartment is the The Newburgh Model at Private Reserve Townhomes starting at $1,379 with a $1.07 price per square foot in the Spring Arbor neighborhood. Here is today’s list of the best values for Michigan Highland apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Pinnacle on Meridian | 7176B1 | 2BR,2BA | $1.18 |
| Private Reserve Townhomes | The Newburgh | 2BR,1.5BA | $1.07 |
| Everly at Meridian Hills | Iris | 2BR,1BA | $1.15 |
| Edison at Meridian Hills | 2 Bedroom 1 Bath | 2BR,1BA | $1.28 |
| The Grove on 79th | 1x1,5 Townhome Renovated | 1BR,1.5BA | $1.20 |
| The Grove on Harcourt | 1x1,5 Large Renovated | 1BR,1.5BA | $1.14 |
| The Eclipse Apartment Homes | The Phoenix - Renovated | 1BR,1.5BA | $1.42 |
| Park Place Apartments | 1 Bedroom Remodeled | 1BR,1BA | $1.53 |
| The Meridian North and South | A1R North | 1BR,1BA | $1.35 |
| Estates at Crystal Bay | One Bedroom One Bath | 1BR,1BA | $1.46 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
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Read ArticleYour Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters
Learn About the Best Neighborhoods to Rent Near College Campuses in Indianapolis, IN | Find Charlotte Indianapolis Student Housing at ApartmentHomeLiving.com
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Pet Friendly LifestyleMichigan Highland, Indianapolis, IN
Ranked #141
Among cities in Indiana for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Lifestyle Ratings
ApartmentHomeLiving brings you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals and neighborhoods across the USA, including Indianapolis. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including our Star Ratings to compare for the best outdoor access, luxury amenities, family-friendliness, raising pets, transit options, walking, and biking. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!
Getting Around the Michigan Highland Neighborhood in Indianapolis, IN
Walk Score®
41 / 100
Car-Dependent
Most errands require a car
Bike Score®
39 / 100
Somewhat Bikeable
Minimal bike infrastructure
Transit Score®
26 / 100
Some Transit
A few nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Michigan Highland Apartments
What is a cheap apartment in Michigan Highland?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Michigan Highland is under $1,008.
What is the price of a cheap apartment in Michigan Highland?
The cheapest apartment in Michigan Highland is The Meridian North and South which is listed at $754, while the average apartment in Michigan Highland costs $1,415.
What types of apartments are the cheapest in Michigan Highland?
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 42 regular apartments in Michigan Highland 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 Michigan Highland?
Cheap apartments in Michigan Highland have an average cost of $186 which is $1,229 cheaper than the average rent for all rentals in Michigan Highland.
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.
Articles, How-To's, and Tips

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.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!



