1944 Shelby St
IndianapolisIN46203
Cheap Homes for Rent in University Heights Neighborhood of Indianapolis, IN from $600 (9 Rentals)
Search the lowest-cost Homes available for rent right now in the University Heights area of Indianapolis.
524 1/2 E Raymond St
IndianapolisIN46203
1528 E Gimber St
IndianapolisIN46203
1322 Norton Ave
IndianapolisIN46227
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1948 Shelby St
IndianapolisIN46203
1709 E Tabor St
IndianapolisIN46203
2826 S Pennsylvania St
IndianapolisIN46225
2404 Hobart Rd
IndianapolisIN46203
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615 E Thompson Rd
IndianapolisIN46227
Showing Results 1-9, Page 1 of 1
University Heights, Indianapolis, IN Local Guide
Copyright CoStar Group, Inc
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 | $1,178 | $795 | $1,900 |
| University Heights 3 Bedroom Homes for Rent | $1,541 | $1,050 | $2,075 |
| University Heights 4 Bedroom Homes for Rent | $2,188 | $1,650 | $3,600 |
| University Heights 5 Bedroom Homes for Rent | $1,983 | $1,600 | $2,400 |
Browse Homes for Rent in this Neighborhood
There are currently 9 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 1 Bed unit found at Brookwood Apartments priced from $747. Garfield Park Village has the second lowest priced unit, which is a 1 Bed apartment currently listed from $760. Here are the most affordable University Heights apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Brookwood Apartments | Evergreen Two | 1BR,1BA | $747 |
| Garfield Park Village | 1/1 Vintage | 1BR,1BA | $760 |
| One Somerset | One Somerset - 1 Bed/1 Bath | 2BR,1BA | $775 |
Best Value Apartments for Rent in University Heights, IN
As of December 12, 2025 the best value apartment in the University Heights area is the $1.18 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 $2,000. The second greatest value University Heights apartment is the Sycamore Two Model at Brookwood Apartments starting at $1,250 with a $1.27 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. |
|---|---|---|---|
| 4946 Camden St, Unit Big Camden | 4946 Camden St | 3BR,2BA | $1.18 |
| Brookwood Apartments | Sycamore Two | 3BR,1.5BA | $1.27 |
| Strawbridge Green | Emerson | 2BR,1BA | $1.14 |
| Fox Club | One Bedroom One Bath | 1BR,1BA | $1.11 |
| Ninth Avenue Apartments | The Aster | 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 |
| Capital Place | One Bedroom One Bath | 1BR,1BA | $1.38 |
| One Somerset | One Somerset - 1 Bed/1 Bath | 1BR,1BA | $1.29 |
Frequently Asked Questions about University Heights
What type of rentals are currently available in University Heights?
There are currently 73 Apartments for Rent in University Heights, IN with pricing that ranges from $727 to $3,981. There are also 59 Single Family Homes for rent, Condos, and Townhome rentals currently available in University Heights ranging from $699 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 $699 to $3,600 with an average monthly rent of $1,433.
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.
Articles, How-To's, and Tips
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.
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.
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!