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from $699Studio to 2 Bedroom Apartments Available Now
Country Club Apartments
360 Sandra LnIndianapolis, IN 46227
Cheap Apartments for Rent in the University Heights Neighborhood of Indianapolis, IN from $400 (15 Rentals)
Search the lowest-cost Apartments available for rent right now in the University Heights area of Indianapolis.
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from $7691 to 2 Bedroom Apartments Available Now
Sawmill Apartments
3708 Lickridge Lane DrIndianapolis, IN 46237
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from $7901 to 2 Bedroom Apartments Available Now
One Somerset Apartments
3761 S State AveIndianapolis, IN 46227
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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
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The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
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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.
2340 Calhoun St
IndianapolisIN46203
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Showing Results 1-15, 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 | $902 | $699 | $1,199 |
| University Heights 1 Bedroom Apartments | $1,028 | $749 | $1,499 |
| University Heights 2 Bedroom Apartments | $1,143 | $899 | $1,599 |
| University Heights 3 Bedroom Apartments | $1,514 | $1,035 | $2,195 |
| University Heights 4 Bedroom Apartments | $1,570 | $1,570 | $1,570 |
Browse Apartments in this Neighborhood
There are currently 15 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
- 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 Stone Lake priced from $650. Country Club Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $699. Here are the most affordable University Heights apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Stone Lake | 1X1 | 1BR,1BA | $650 |
| Country Club Apartments | Studio | Studio,1BA | $699 |
| Spicewood | Studio | Studio,1BA | $825 |
| Parc Bordeaux Apartments | Studio | Studio,1BA | $850 |
| Pine Glen | One Bedroom One Bath | 1BR,1BA | $870 |
Best Value Apartments for Rent in University Heights, IN
As of June 14, 2025 the best value apartment in the University Heights area is the $1.23 price per square foot Lindberg Model at Strawbridge Green in the in the Carson Heights neighborhood starting from $1,190. The second greatest value University Heights apartment is the 2 Bed 1 Bath Large Model at Sawmill Apartments starting at $969 with a $1.02 price per square foot in the Carson Heights 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. |
|---|---|---|---|
| Strawbridge Green | Lindberg | 3BR,1.5BA | $1.23 |
| Sawmill Apartments | 2 Bed 1 Bath Large | 2BR,1BA | $1.02 |
| Brookwood Apartments | Redwood Two | 2BR,2BA | $1.29 |
| Fox Club | One Bedroom One Bath | 1BR,1BA | $1.16 |
| Pine Glen | One Bedroom One Bath | 1BR,1BA | $1.11 |
| Capital Place | Two Bedroom One Bath | 2BR,1BA | $1.34 |
| One Somerset Apartments | 2 Bedroom 1 Bathroom | 2BR,1BA | $1.48 |
| Ninth Avenue Apartments | The Aster | 1BR,1BA | $1.53 |
| Stone Lake | 1X1 | 1BR,1BA | $1.00 |
| Thompson Village Apartments | One Bedroom Apartment | 1BR,1BA | $1.55 |
Quick 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 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 $964.
What is the price of a cheap apartment in University Heights?
The cheapest apartment in University Heights is Stone Lake which is listed at $650, while the average apartment in University Heights costs $1,570.
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 2 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 $126 which is $1,444 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.
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.
The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.