2142 S Garfield Dr
IndianapolisIN46203
Cheap Homes for Rent in University Heights Neighborhood of Indianapolis, IN from $600 (5 Rentals)
Search the lowest-cost Homes available for rent right now in the University Heights area of Indianapolis.
2826 S Pennsylvania St
IndianapolisIN46225
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
216 N 6th Ave
Beech GroveIN46107
615 E Thompson Rd
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.
2905 Tindall St
IndianapolisIN46203
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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 | $1,193 | $975 | $1,400 |
| University Heights 3 Bedroom Homes for Rent | $1,575 | $999 | $2,800 |
| University Heights 4 Bedroom Homes for Rent | $2,053 | $1,675 | $3,000 |
| University Heights 5 Bedroom Homes for Rent | $2,500 | $2,400 | $2,600 |
Browse Homes for Rent in this Neighborhood
There are currently 5 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 Garfield Park Village priced from $699. 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 Vintage | 1BR,1BA | $699 |
| One Somerset | *ACT NOW- Price Drop* One Somerset - 1 Bed/1 Ba... | 2BR,1BA | $775 |
| Pine Glen | Maple Vintage | 1BR,1BA | $799 |
Best Value Apartments for Rent in University Heights, IN
As of April 29, 2026 the best value apartment in the University Heights area is the $1.29 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 $2,200. The second greatest value University Heights apartment is the Two Bedroom Two Bath Model at Fox Club starting at $1,125 with a $1.13 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 | $1.29 |
| Fox Club | Two Bedroom Two Bath | 2BR,2BA | $1.13 |
| Strawbridge Green | Redfern | 2BR,1.5BA | $1.22 |
| Brookwood Apartments | 2 Bedroom 1.5 Bath | 2BR,1.5BA | $1.20 |
| Parc Bordeaux Apartments | 1 Bed 1 Bath | 1BR,1BA | $1.10 |
| Pine Glen | Oak Renovated | 2BR,1BA | $1.40 |
| Ninth Avenue Apartments | The Poppy | 1BR,1BA | $1.42 |
| Sherman Village | Garden Apt | 1BR,1BA | $1.28 |
| Welcome to Dawson Village – Welcome Home! | 2 BR/1 BA - Partial Remodeled Flat | 2BR,1BA | $1.35 |
| 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 73 Apartments for Rent in University Heights, IN with pricing that ranges from $699 to $2,200. There are also 48 Single Family Homes for rent, Condos, and Townhome rentals currently available in University Heights ranging from $650 to $3,000.
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 $650 to $3,000 with an average monthly rent of $1,614.
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.
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A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Indianapolis
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Articles, How-To's, and Tips
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This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
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This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
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