Cheap Homes for Rent in Michigan Highland Neighborhood of Indianapolis, IN from $400 (7 Rentals)

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

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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 $699. 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 ListingModel NameBed/BathPriced From
The Meridian North and SouthA2S South1BR,1BA$699
Carlton ApartmentsCottage1BR,1BA$840
Reflections ApartmentsExpressionsStudio,1BA$844

Best Value Apartments for Rent in Michigan Highland, IN

As of January 10, 2026 the best value apartment in the Michigan Highland area is the $1.18 price per square foot Two Bedroom with Bonus Room (7176B2) Model at Pinnacle on Meridian in the in the Nora neighborhood starting from $2,599. The second greatest value Michigan Highland apartment is the C1R North Model at The Meridian North and South starting at $1,937 with a $1.49 price per square foot in the Faith Knoll neighborhood. 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 MeridianTwo Bedroom with Bonus Room (7176B2)2BR,2BA$1.18
The Meridian North and SouthC1R North3BR,1.5BA$1.49
Private Reserve TownhomesThe Newburgh2BR,1.5BA$1.07
Everly at Meridian HillsIris2BR,1BA$1.15
Edison at Meridian Hills2 Bedroom 1 Bath2BR,1BA$1.25
The Grove on 79th1x1,5 Townhome Renovated1BR,1.5BA$1.20
The Grove on Harcourt1x1,5 Upgrade1BR,1.5BA$1.16
The Eclipse Apartment HomesThe Phoenix - Renovated1BR,1.5BA$1.44
Lakeshore Reserve Off 86th Apartments and TownhomesOne Bedroom1BR,1BA$1.52
Estates at Crystal BayOne Bedroom One Bath1BR,1BA$1.33

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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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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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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 #137

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

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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Frequently Asked Questions about Michigan Highland

What type of rentals are currently available in Michigan Highland?

There are currently 38 Apartments for Rent in Michigan Highland, IN with pricing that ranges from $699 to $2,599. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Michigan Highland ranging from $400 to $7,900.

What is the current price range for Rental Homes in Michigan Highland?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Michigan Highland ranges from $400 to $7,900 with an average monthly rent of $2,196.

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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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.

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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.

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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.

Articles, How-To's, and Tips

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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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.

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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!