Cheap Homes for Rent in University Heights Neighborhood of Indianapolis, IN from $600 (9 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Homes available for rent right now in the University Heights area of Indianapolis.

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.

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.

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 ListingModel NameBed/BathPriced From
Brookwood ApartmentsEvergreen Two1BR,1BA$747
Garfield Park Village1/1 Vintage1BR,1BA$760
One SomersetOne Somerset - 1 Bed/1 Bath2BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
4946 Camden St, Unit Big Camden4946 Camden St3BR,2BA$1.18
Brookwood ApartmentsSycamore Two3BR,1.5BA$1.27
Strawbridge GreenEmerson2BR,1BA$1.14
Fox ClubOne Bedroom One Bath1BR,1BA$1.11
Ninth Avenue ApartmentsThe Aster1BR,1BA$1.42
Sherman VillageGarden Apt1BR,1BA$1.28
Welcome to Dawson Village – Welcome Home!Brand New Double2BR,1BA$1.43
Sawmill Apartments1 Bed 1 Bath Small1BR,1BA$1.31
Capital PlaceOne Bedroom One Bath1BR,1BA$1.38
One SomersetOne Somerset - 1 Bed/1 Bath1BR,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

decorative image for A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Indianapolis article

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.

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

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.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

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.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!