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$727 - $1,3081 to 3 Bedroom Apartments Available Now
Brookwood Apartments
5301 S Turtle Creek South DrIndianapolis, IN 46227
Cheap Apartments for Rent in the University Heights Neighborhood of Indianapolis, IN from $400 (22 Rentals)
Search the lowest-cost Apartments available for rent right now in the University Heights area of Indianapolis.
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Rent Specials
$753 - $1,7201 to 2 Bedroom Apartments Available Now
Garfield Park Village
360 Sandra LnIndianapolis, IN 46227
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$775 - $1,0501 to 2 Bedroom Apartments Available Now
One Somerset
3761 S State AveIndianapolis, IN 46227
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$799 - $1,100Studio to 2 Bedroom Apartments Available Now
Cherry Glen
2760 Cherry Glen WayIndianapolis, IN 46227
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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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2340 Calhoun St
IndianapolisIN46203
1944 Shelby St
IndianapolisIN46203
2826 S Pennsylvania St
IndianapolisIN46225
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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1948 Shelby St
IndianapolisIN46203
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1528 E Gimber St
IndianapolisIN46203
68 N 7th Ave
Beech GroveIN46107
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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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Showing Results 1-22, Page 1 of 1
University Heights, Indianapolis, IN Local Guide
Copyright CoStar Group, Inc
How much does it cost to rent an apartment in University Heights?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| University Heights Studio Apartments | $979 | $799 | $1,199 |
| University Heights 1 Bedroom Apartments | $1,018 | $727 | $1,499 |
| University Heights 2 Bedroom Apartments | $1,133 | $787 | $1,720 |
| University Heights 3 Bedroom Apartments | $1,496 | $1,085 | $2,500 |
Browse Apartments in this Neighborhood
There are currently 22 rentals with your search options within a 2 mile radius of the University Heights Neighborhood of Indianapolis, IN.
See all Apartments in IndianapolisExplore Indianapolis
University Heights, Indianapolis, IN Local Guide
- Nearby Indianapolis neighborhoods
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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 $753. One Somerset has the second lowest priced unit, which is a 1 Bed apartment currently listed from $775. Here are the most affordable University Heights apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Garfield Park Village | 1/1 Vintage | 1BR,1BA | $753 |
| One Somerset | One Somerset - 1 Bed/1 Bath | 1BR,1BA | $775 |
| Spicewood | Studio | Studio,1BA | $799 |
| Cherry Glen | Studio | Studio,1BA | $799 |
| Brookwood Apartments | Evergreen Three | 1BR,1BA | $887 |
Best Value Apartments for Rent in University Heights, IN
As of October 29, 2025 the best value apartment in the University Heights area is the $1.20 price per square foot Two Bedroom 1.5 Bath Model at Fox Club in the in the Shelby Street-Epler Avenue neighborhood starting from $1,199. The second greatest value University Heights apartment is the Sycamore Two Model at Brookwood Apartments starting at $1,238 with a $1.26 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Fox Club | Two Bedroom 1.5 Bath | 2BR,1.5BA | $1.20 |
| Brookwood Apartments | Sycamore Two | 3BR,1.5BA | $1.26 |
| Hanna Village | Concord | 2BR,1BA | $1.43 |
| Parc Bordeaux Apartments | 1 Bed 1 Bath | 1BR,1BA | $1.15 |
| Capital Place | Two Bedroom One Bath | 2BR,1BA | $1.38 |
| 52 S 7th Ave, Unit 52 S. 7th #5 Beech Grove | 52 S 7th Ave | 1BR,1BA | $1.47 |
| Pine Glen | Oak Renovated | 2BR,1BA | $1.47 |
| Ninth Avenue Apartments | The Poppy | 1BR,1BA | $1.42 |
| One Somerset | One Somerset - 2 Bed/1 Bath | 2BR,1BA | $1.50 |
| Sawmill Apartments | 1 Bed 1 Bath Small | 1BR,1BA | $1.31 |
Apartment Common Area Rules: What Renters Need to Know
From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.
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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.
Read ArticleThe 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.
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
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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!
Getting Around the University Heights Neighborhood in Indianapolis, IN
Walk Score®
51 / 100
Somewhat Walkable
Some errands can be accomplished on foot
Bike Score®
43 / 100
Somewhat Bikeable
Minimal bike infrastructure
Transit Score®
34 / 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 University Heights Apartments
What is the price of a cheap apartment in University Heights?
The cheapest apartment in University Heights is Garfield Park Village which is listed at $753, while the average apartment in University Heights costs $1,475.
What types of apartments are the cheapest in University Heights?
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 18 regular apartments in University Heights 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 University Heights?
Cheap apartments in University Heights have an average cost of $226 which is $1,249 cheaper than the average rent for all rentals in University Heights.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.
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.
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!
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.