2912.5 Shelby St
IndianapolisIN46203
Cheap Homes for Rent in University Heights Neighborhood of Indianapolis, IN from $700 (12 Rentals)
Search the lowest-cost Homes available for rent right now in the University Heights area of Indianapolis.
2826 S Pennsylvania St
IndianapolisIN46225
615 E Thompson Rd
IndianapolisIN46227
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$1,0001 Bedroom Apartments Available Now
1707 E Tabor St
1707 E Tabor StIndianapolis, IN 46203
2905 Tindall St
IndianapolisIN46203
2789 E Hanna Ave
IndianapolisIN46227
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.
5025 S Walcott St
IndianapolisIN46227
1805 Calhoun St
IndianapolisIN46203
3836 Sherman Towne Dr
IndianapolisIN46237
2905 Tindall St
IndianapolisIN46203
142 N 7th Ave
Beech GroveIN46107
1637 Hoefgen St
IndianapolisIN46203
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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University Heights, Indianapolis, IN Local Guide
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How much does it cost to rent a home in University Heights?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| University Heights 2 Bedroom Homes for Rent | $1,169 | $975 | $1,500 |
| University Heights 3 Bedroom Homes for Rent | $1,635 | $1,049 | $2,350 |
| University Heights 4 Bedroom Homes for Rent | $2,201 | $1,525 | $3,600 |
| University Heights 5 Bedroom Homes for Rent | $1,925 | $1,450 | $2,400 |
Browse Homes for Rent in this Neighborhood
There are currently 12 rentals with your search options within a 2 mile radius of the University Heights Neighborhood of Indianapolis, IN.
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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 2 Beds unit found at One Somerset priced from $775. Garfield Park Village has the second lowest priced unit, which is a Studio apartment currently listed from $804. Here are the most affordable University Heights apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| One Somerset | *ACT NOW- Price Drop* One Somerset - 1 Bed/1 Ba... | 2BR,1BA | $775 |
| Garfield Park Village | 0/1 Renovated | Studio,1BA | $804 |
| 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 Two Bath Model at Fox Club starting at $1,099 with a $1.10 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 Two Bath | 2BR,2BA | $1.10 |
| Brookwood Apartments | 2 Bedroom 1.5 Bath | 2BR,1.5BA | $1.23 |
| Strawbridge Green | Emerson | 2BR,1BA | $1.07 |
| Capital Place | Two Bedroom One Bath | 2BR,1BA | $1.44 |
| 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 |
Frequently Asked Questions about University Heights
What type of rentals are currently available in University Heights?
There are currently 71 Apartments for Rent in University Heights, IN with pricing that ranges from $754 to $2,601. There are also 49 Single Family Homes for rent, Condos, and Townhome rentals currently available in University Heights ranging from $700 to $3,600.
What is the current price range for Rental Homes in University Heights?
Today's rental pricing for Homes for Rent, Condos and Townhomes in University Heights ranges from $700 to $3,600 with an average monthly rent of $1,479.
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
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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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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.