Cheap Apartments for Rent in the Millersville Neighborhood of Indianapolis, IN from $500 (55 Rentals)

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

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Glenstone Studios
$649
Total Monthly Price

Total Monthly Price

Base Rent
$597
Required Monthly Fees
$52
Total Monthly Price
$649
Studio Apartments Available Now

Glenstone Studios

2215 E 56th StIndianapolis, IN 46220
Furnished
  • Verified
  • Customer Reviewed
  • Utilities Included
property at 3609 Balsam Ave

$695 - $725

Studio To 1 Bedroom Rentals

Available Now

3609 Balsam Ave

IndianapolisIN46205
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Lincolnshire Apartments
$875
Total Monthly Price

Total Monthly Price

Base Rent
$838
Required Monthly Fees
$37
Total Monthly Price
$875
1 Bedroom Apartments Available Now

Lincolnshire Apartments

6221 N College AveIndianapolis, IN 46220
Affordability
  • Verified
  • Customer Reviewed
  • Utilities Included

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.

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Chateau in the Woods
$999 - $1,581
Total Monthly Price

Total Monthly Price

Base Rent
$950 - $1,532
Required Monthly Fees
$49
Total Monthly Price
$999 - $1,581
1 to 3 Bedroom Apartments Available Now

Chateau in the Woods

4020 Monaco DrIndianapolis, IN 46220
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour

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.

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THE COURTS OF MONON
Studio to 1 Bedroom Apartments

THE COURTS OF MONON

3605-3609 Balsam AveIndianapolis, IN 46205
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Sherman Forest
Studio to 4 Bedroom Apartments

Sherman Forest

3615 Sherman Forest DrIndianapolis, IN 46205
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727 Fairfield Ave
1 Bedroom Apartments

727 Fairfield Ave

727 Fairfield AveIndianapolis, IN 46205

Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods

Discover the heart of the Midwest! Learn about popular Indianapolis neighborhoods to rent like Speedway and Eagledale, plus top universities and can't-miss places to eat.

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VILLAGE AT FALL CREEK
Studio to 1 Bedroom Apartments

VILLAGE AT FALL CREEK

3520-3534 Fall Creek Parkway North DrIndianapolis, IN 46205
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3825 N Whittier Pl
1 Bedroom Apartments

3825 N Whittier Pl

3825 N Whittier PlIndianapolis, IN 46226
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Birchwood Place
Studio to 1 Bedroom Apartments

Birchwood Place

1040 Fairfield AveIndianapolis, IN 46205
  • Utilities Included
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Monon Walk Apartments
Studio to 1 Bedroom Apartments

Monon Walk Apartments

6115 Winthrop AveIndianapolis, IN 46220
  • Utilities Included
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Monon Station Apartments
Studio to 2 Bedroom Apartments

Monon Station Apartments

4554 Winthrop AveIndianapolis, IN 46205
  • Utilities Included
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Chateau De Ville
Studio to 4 Bedroom Apartments

Chateau De Ville

5303 Rue De VilleIndianapolis, IN 46220

The Art of the Rental Viewing: What to look for during a property tour

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property at 824 E 44th St

$950

1 Bedroom Rentals

Available Now

824 E 44th St

IndianapolisIN46205
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7 Pointe Apartments
1 to 3 Bedroom Apartments

7 Pointe Apartments

4724 Round Lake RdIndianapolis, IN 46205

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Millersville, Indianapolis, IN Local Guide

Cheapest Available Millersville Apartments for Rent

 

The cheapest available apartment rental in the Millersville area of Indianapolis, IN is a 2 Beds unit found at East Village at Avondale Meadows Apartments priced from $579. Glenstone Studios has the second lowest priced unit, which is a Studio apartment currently listed from $649. Here are the most affordable Millersville apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
East Village at Avondale Meadows ApartmentsB32BR,2BA$579
Glenstone StudiosStudioStudio,1BA$649
Broad Ripple TrailsSTUD-SStudio,1BA$839
Wellington Square Apartments1BR/1BA1BR,1BA$842
Lincolnshire Apartments1 Bedroom Garden Level1BR,1BA$875
A62 ApartmentsLePetit1BR,1BA$899
Jade North ApartmentsPlan FStudio,1BA$900
Carrollton Manor Apartments1 Bed 1 Bath1BR,1BA$900
The Pines at SoBro1 Bedroom 1 Bath Apartment - Classic1BR,1BA$919
Chateau De VilleBordeauxStudio,1BA$923

Best Value Apartments for Rent in Millersville, IN

As of February 20, 2026 the best value apartment in the Millersville area is the $1.19 price per square foot 2 Bed, 2.5 Bath, 2 car Garage Townhome Model at Townes at Winthrop in the in the Warfleigh neighborhood starting from $2,200. The second greatest value Millersville apartment is the C2 Model at East Village at Avondale Meadows Apartments starting at $1,525 with a $1.18 price per square foot in the Martindale neighborhood. Here is today’s list of the best values for Millersville apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Townes at Winthrop2 Bed, 2.5 Bath, 2 car Garage Townhome2BR,2.5BA$1.19
East Village at Avondale Meadows ApartmentsC23BR,2BA$1.18
7 Pointe ApartmentsPebble3BR,2BA$1.12
Ashton Park2 bed / 2 bath2BR,2BA$1.06
The Pines at SoBro2x1 Large - Renovated2BR,1BA$1.43
Williamsburg NorthAshland1BR,1BA$1.21
Fountain ParcThe Wealth1BR,1BA$1.27
Fallwood1 Bed/1.5 Ba Dn1BR,1.5BA$1.43
Carrollton Manor Apartments1 Bed 1 Bath1BR,1BA$1.20
Jade North ApartmentsPlan FStudio ,1BA$1.45

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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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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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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Lifestyle Ratings

ApartmentHomeLiving.com works hard to bring you Lifestyle Ratings of rentals in metropolitan areas across the United States including Millersville, Indianapolis, and the greater Indianapolis area. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including our Star Ratings to compare for the best proximity to parks and outdoor amenities, luxury amenities, transit availability, pet-friendly communities, family-friendly amenities, and much more. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Millersville Apartments

What is a cheap apartment in Millersville?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Millersville is under $923.

What is the price of a cheap apartment in Millersville?

The cheapest apartment in Millersville is Wellington Square Apartments which is listed at $842, while the average apartment in Millersville costs $1,450.

What types of apartments are the cheapest in Millersville?

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 22 regular apartments in Millersville 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 Millersville?

Cheap apartments in Millersville have an average cost of $412 which is $1,038 cheaper than the average rent for all rentals in Millersville.

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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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.

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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.

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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.