Cheap Apartments for Rent in the Michigan Highland Neighborhood of Indianapolis, IN from $587 (45 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Michigan Highland area of Indianapolis.

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Hampshire Court
1 to 2 Bedroom Apartments

Hampshire Court

2455 Rolls DrIndianapolis, IN 46268
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Dogwood Glen
Studio to 2 Bedroom Apartments

Dogwood Glen

2390 Woodglen DrIndianapolis, IN 46260
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The Meridian North
1 to 3 Bedroom Apartments

The Meridian North

2100 Westlane RdIndianapolis, IN 46260
Corporate Housing
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Reflections Apartments
Studio to 3 Bedroom Apartments

Reflections Apartments

7999 Silverleaf DrIndianapolis, IN 46260
Corporate Housing

Michigan Highland - One of the Best Affordable Neighborhoods in Indianapolis

Named as one of the Best Affordable Neighborhoods to rent in Indianapolis by our Local Expert Wendy Melton. See how it ranks!

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The Jameson
1 to 2 Bedroom Apartments

The Jameson

1854 Century WayIndianapolis, IN 46260
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Crooked Creek
1 to 2 Bedroom Apartments

Crooked Creek

3947 Point Bar RdIndianapolis, IN 46268

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Showing Results 1-45, Page 1 of 1

Michigan Highland, Indianapolis, IN Local Guide

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 $734. Rosewood Commons has the second lowest priced unit, which is a Studio apartment currently listed from $755. Here are the most affordable Michigan Highland apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
The Meridian North and SouthA7S South1BR, 1BA$734
Rosewood CommonsStudioStudio, 1BA$755
Carlton ApartmentsVilla1BR, 1BA$810
Turtle CreekA2 Walnut1BR, 1BA$859
King's Reserve College Park 55+ Active AdultStudio NookStudio, 1BA$875
Dogwood Glen1 Bed 1 Bath1BR, 1BA$880
The George Apartment Homes1Bed/1Bath - Gold1BR, 1BA$909
Forest Ridge1 Bed, 1 Bath1BR, 1BA$929
Meridian Lakes1Bed/1Ba-Dn (A)1BR, 1BA$960
Edison at Meridian Hills1 Bedroom 1 Bath1BR, 1BA$989

Best Value Apartments for Rent in Michigan Highland, IN

As of September 18, 2026 the best value apartment in the Michigan Highland area is the $1.41 price per square foot 7176C1 Model at Pinnacle on Meridian in the Nora neighborhood starting from $3,099. The second greatest value Michigan Highland apartment is the Shelbourne Model at Willow Lake Apartments in the Spring Arbor neighborhood starting at $2,285 with a $1.48 price per square foot. Here is today’s list of the best values for Michigan Highland apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Pinnacle on Meridian7176C13BR, 2BA$1.41
Willow Lake ApartmentsShelbourne2BR, 2BA$1.48
Everly at Meridian HillsLilac2BR, 2BA$1.15
Lakeshore Reserve Off 86th Apartments and TownhomesThree Bedroom 2.5 Bath Townhome3BR, 2.5BA$1.29
Private Reserve TownhomesThe Newburgh2BR, 1.5BA$1.07
Edison at Meridian Hills2 Bedroom 1 Bath2BR, 1BA$1.33
The Elliott at College Park Apartment HomesTwo Bedroom 1.5 Bath2BR, 1.5BA$1.11
The Grove on Harcourt1x1.5 Large Renovated1BR, 1.5BA$1.33
Forest Ridge1 Bed, 1 Bath1BR, 1BA$1.12
The Meridian North and SouthA2S South1BR, 1BA$1.20

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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Your 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

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Quick 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.

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Pet Friendly Lifestyle
Michigan Highland, Indianapolis, IN

Ranked #75

Among cities in Indiana for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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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!

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 $989.

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 $679, while the average apartment in Michigan Highland costs $1,179.

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 10 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 $103 which is $1,076 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.

Helpful Local Expert Guides

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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.

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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.

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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.

decorative image for Your Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters article

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

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Rent According to Income: A Look at Income-Restricted Rentals

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

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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.