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$754 - $1,543Studio to 2 Bedroom Apartments Available Now
Garfield Park Village
360 Sandra LnIndianapolis, IN 46227
Cheap Apartments for Rent in the University Heights Neighborhood of Indianapolis, IN from $400 (14 Rentals)
Search the lowest-cost Apartments available for rent right now in the University Heights area of Indianapolis.
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$775 - $9951 to 2 Bedroom Apartments Available Now
One Somerset
3761 S State AveIndianapolis, IN 46227
3130 E Bradbury Ave
IndianapolisIN46203
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1 Bedroom Apartments
Parkside Living Apartments
2900 S Pennsylvania StIndianapolis, IN 46225
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Studio to 3 Bedroom Apartments
Rosedale Hills
2139 E Hanna AveIndianapolis, IN 46227
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1 to 2 Bedroom Apartments
Stone Lake
2913 E Hanna AveIndianapolis, IN 46227
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Studio to 2 Bedroom Apartments
Garfield Terrace Apartments
2401 S Shelby StIndianapolis, IN 46203
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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1 to 4 Bedroom Apartments
Red Maple Grove
2901 E Tabor StIndianapolis, IN 46203
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Studio to 2 Bedroom Apartments
Crossroads at Madison
4725 Madison AveIndianapolis, IN 46227
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2 Bedroom Apartments
Garfield Place
2236 Ransdell StIndianapolis, IN 46225
2912.5 Shelby St
IndianapolisIN46203
2826 S Pennsylvania St
IndianapolisIN46225
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1 to 2 Bedroom Apartments
Francis Apartments
1819 Main StBeech Grove, IN 46107
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1 to 2 Bedroom Apartments
Beech Grove Place Apartments
2314 Main StBeech Grove, IN 46107
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.
Showing Results 1-14, Page 1 of 1
University Heights, Indianapolis, IN Local Guide
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How much does it cost to rent an apartment in University Heights?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| University Heights Studio Apartments | $925 | $804 | $1,262 |
| University Heights 1 Bedroom Apartments | $1,012 | $754 | $1,499 |
| University Heights 2 Bedroom Apartments | $1,157 | $775 | $2,601 |
| University Heights 3 Bedroom Apartments | $1,468 | $1,070 | $2,200 |
Browse Apartments in this Neighborhood
There are currently 14 rentals with your search options within a 2 mile radius of the University Heights Neighborhood of Indianapolis, IN.
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University Heights, Indianapolis, IN Local Guide
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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 $754. 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Garfield Park Village | 1/1 Renovated | 1BR,1BA | $754 |
| One Somerset | *ACT NOW- Price Drop* One Somerset - 1 Bed/1 Ba... | 2BR,1BA | $775 |
| Brookwood Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $847 |
| Sawmill Apartments | 1 Bed 1 Bath Small | 1BR,1BA | $849 |
| Parc Bordeaux Apartments | Studio | Studio,1BA | $850 |
Best Value Apartments for Rent in University Heights, IN
As of March 15, 2026 the best value apartment in the University Heights area is the $1.45 price per square foot Cambridge Model at Hanna Village in the in the Concord neighborhood starting from $1,599. The second greatest value University Heights apartment is the Two Bedroom 1.5 Bath Model at Fox Club starting at $1,029 with a $1.03 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. |
|---|---|---|---|
| Hanna Village | Cambridge | 3BR,2BA | $1.45 |
| Fox Club | Two Bedroom 1.5 Bath | 2BR,1.5BA | $1.03 |
| Strawbridge Green | Emerson | 2BR,1BA | $1.03 |
| Brookwood Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.10 |
| Capital Place | Two Bedroom One Bath | 2BR,1BA | $1.38 |
| Pine Glen | Oak Renovated | 2BR,1BA | $1.41 |
| Ninth Avenue Apartments | The Poppy | 1BR,1BA | $1.42 |
| Sherman Village | Garden Apt | 1BR,1BA | $1.28 |
| Welcome to Dawson Village – Welcome Home! | Brand New Double | 2BR,1BA | $1.43 |
| Sawmill Apartments | 1 Bed 1 Bath Small | 1BR,1BA | $1.31 |
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.
Read ArticleCash 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.
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
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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 a cheap apartment in University Heights?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in University Heights is under $928.
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 $754, while the average apartment in University Heights costs $1,411.
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 40 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 $212 which is $1,199 cheaper than the average rent for all rentals in University Heights.
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
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.
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.
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
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.
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.
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.
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.