Cheap Apartments for Rent in the University Heights Neighborhood of Indianapolis, IN from $400 (32 Rentals)

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

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One Somerset
Rent Specials
$775 - $995
Total Monthly Price

Total Monthly Price

Base Rent
$775 - $995
Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

One Somerset

3761 S State AveIndianapolis, IN 46227
Student Housing
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Rosedale Hills
Studio to 3 Bedroom Apartments

Rosedale Hills

2139 E Hanna AveIndianapolis, IN 46227
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Red Maple Grove
1 to 4 Bedroom Apartments

Red Maple Grove

2901 E Tabor StIndianapolis, IN 46203

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Crossroads at Madison
Studio to 2 Bedroom Apartments

Crossroads at Madison

4725 Madison AveIndianapolis, IN 46227
  • Utilities Included
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Garfield Place
2 Bedroom Apartments

Garfield Place

2236 Ransdell StIndianapolis, IN 46225
  • Utilities Included
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Stone Lake
1 to 2 Bedroom Apartments

Stone Lake

2913 E Hanna AveIndianapolis, IN 46227
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Spicewood
Studio to 2 Bedroom Apartments

Spicewood

354 Spicewood DrIndianapolis, IN 46227
Senior Living
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Crossroads at Southgreen
1 to 2 Bedroom Apartments

Crossroads at Southgreen

5030 Southgreen DrIndianapolis, IN 46227
  • Utilities Included
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Ninth Avenue Apartments
Studio to 3 Bedroom Apartments

Ninth Avenue Apartments

4651 Mimi DrIndianapolis, IN 46237
Corporate Housing

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Francis Apartments
1 to 2 Bedroom Apartments

Francis Apartments

1819 Main StBeech Grove, IN 46107
  • Utilities Included
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The U
1 to 3 Bedroom Apartments

The U

2425 Albany StBeech Grove, IN 46107
  • Utilities Included

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Showing Results 1-32, Page 1 of 1

University Heights, Indianapolis, IN Local Guide

Cheapest Available University Heights Apartments for Rent

 

The cheapest available apartment rental in the University Heights area of Indianapolis, IN is a 1 Bed unit found at Garfield Park Village priced from $699. One Somerset has the second lowest priced unit, which is a 2 Beds apartment currently listed from $775. Here are the most affordable University Heights apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Garfield Park Village1/1 Vintage1BR,1BA$699
One Somerset*ACT NOW- Price Drop* One Somerset - 1 Bed/1 Ba...2BR,1BA$775
Pine GlenMaple Vintage1BR,1BA$799
Stone Lake1x1 Renovated1BR,1BA$825
Brookwood Apartments1 Bedroom 1 Bathroom1BR,1BA$839
Sawmill Apartments1 Bed 1 Bath Small1BR,1BA$849
SpicewoodStudioStudio,1BA$849
Capital PlaceOne Bedroom One Bath TH1BR,1BA$884
Parc Bordeaux Apartments1 Bed 1 Bath1BR,1BA$899
Sherman VillageGarden Apt1BR,1BA$925

Best Value Apartments for Rent in University Heights, IN

As of April 29, 2026 the best value apartment in the University Heights area is the $1.29 price per square foot 4946 Camden St Model at 4946 Camden St, Unit Big Camden in the in the Shelby Street-Epler Avenue neighborhood starting from $2,200. The second greatest value University Heights apartment is the Two Bedroom Two Bath Model at Fox Club starting at $1,125 with a $1.13 price per square foot in the Shelby Street-Epler Avenue neighborhood. Here is today’s list of the best values for University Heights apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
4946 Camden St, Unit Big Camden4946 Camden St3BR,2BA$1.29
Fox ClubTwo Bedroom Two Bath2BR,2BA$1.13
Strawbridge GreenRedfern2BR,1.5BA$1.22
Brookwood Apartments2 Bedroom 1.5 Bath2BR,1.5BA$1.20
Parc Bordeaux Apartments1 Bed 1 Bath1BR,1BA$1.10
Pine GlenOak Renovated2BR,1BA$1.40
Ninth Avenue ApartmentsThe Poppy1BR,1BA$1.42
Sherman VillageGarden Apt1BR,1BA$1.28
Welcome to Dawson Village – Welcome Home!2 BR/1 BA - Partial Remodeled Flat2BR,1BA$1.35
Sawmill Apartments1 Bed 1 Bath Small1BR,1BA$1.31

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Don't Settle: How to Negotiate Your Apartment Lease and Save Money

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

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

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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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Lifestyle Ratings

Our team of engineers and researchers is happy to bring you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals in areas across the United States and customized analysis for South Indianapolis, IN. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including rankings of the best places for proximity to parks, luxury amenities, multifamily communities for the kids, raising pets, transit options, and other valuable search options. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap University Heights Apartments

What is the Cheapest Studio apartment in University Heights?

Currently the most affordable Cheap Studio Apartment in University Heights is at Garfield Park Village listed at $749.

How much is rent for a Cheap One Bedroom University Heights Apartment?

The lowest price for a Cheap One Bedroom University Heights Apartment is $699 at Garfield Park Village.

What is the lowest price for a Cheap Two Bedroom University Heights Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in University Heights is starting from $775 at One Somerset.

What is the most affordable University Heights Three Bedroom Apartment?

The best deal on a cheap University Heights Three Bedroom Apartment rental is at Capital Place and starts from $1,399.

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.

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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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