2002 1/2 Shelby St
IndianapolisIN46203
Cheap Homes for Rent in the University Heights Neighborhood of Indianapolis, IN from $750 (20 Rentals)
Search the lowest-cost Homes available for rent right now in the University Heights area of Indianapolis.
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$799Studio Apartments Available Now
80-82 North 5th Avenue, Unit 82.5 North 5th Avenue
80-82 N 5th AveBeech Grove, IN 46107
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IndianapolisIN46225
2826 Brill Rd
IndianapolisIN46225
2106 Singleton St
IndianapolisIN46203
615 E Thompson Rd
IndianapolisIN46227
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1024 E Bradbury Ave
IndianapolisIN46203
1013 E Legrande Ave
IndianapolisIN46203
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IndianapolisIN46237
2746 Shelby St
IndianapolisIN46203
1524 E Legrande Ave
IndianapolisIN46203
2229 Union St
IndianapolisIN46225
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Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
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84 S 6th Ave
Beech GroveIN46107
72 Schiller St
IndianapolisIN46225
4929 Mt Vernon Dr
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2036 Calhoun St
IndianapolisIN46203
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$1,1502 Bedroom Apartments Available Now
80-82 North 5th Avenue, Unit 82 North 5th Avenue
80-82 N 5th AveBeech Grove, IN 46107
Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods
Discover the heart of the Midwest! Learn about popular Indianapolis neighborhoods to rent like Speedway and Eagledale, plus top universities and can't-miss places to eat.
2231 Union St
IndianapolisIN46225
2354 Shelby 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 | $1,185 | $925 | $1,700 |
| University Heights 3 Bedroom Homes for Rent | $1,713 | $1,090 | $3,000 |
| University Heights 4 Bedroom Homes for Rent | $1,738 | $1,595 | $1,995 |
| University Heights 5 Bedroom Homes for Rent | $2,400 | $2,400 | $2,400 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Homes for Rent in this Neighborhood
There are currently 20 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 3 Beds unit found at Garfield Parkside Townhomes priced from $708. Cherry Glen has the second lowest priced unit, which is a Studio apartment currently listed from $799. Here are the most affordable University Heights apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Garfield Parkside Townhomes | 3BR | 3BR,2BA | $708 |
| Cherry Glen | Studio | Studio,1BA | $799 |
| Brookwood Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $810 |
| Spicewood | Studio | Studio,1BA | $819 |
| Sawmill Apartments | 1 Bed 1 Bath Small | 1BR,1BA | $849 |
Best Value Apartments for Rent in University Heights, IN
As of September 12, 2026 the best value apartment in the University Heights area is the $0.56 price per square foot 3BR Model at Garfield Parkside Townhomes in the in the Concord neighborhood starting from $708. The second greatest value University Heights apartment is the 3 Bedroom 1.5 Bath Model at Brookwood Apartments starting at $1,322 with a $1.34 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. |
|---|---|---|---|
| Garfield Parkside Townhomes | 3BR | 3BR,2BA | $0.56 |
| Brookwood Apartments | 3 Bedroom 1.5 Bath | 3BR,1.5BA | $1.34 |
| CrossRoads @ Madison Park | CrossRoads @ Madison Park - 01 | 2BR,1BA | $1.10 |
| Capital Place | Two Bedroom One Bath w/Den | 2BR,1BA | $1.28 |
| 701 E Perry St, Unit 701 E. Perry Street | 701 E Perry St | 2BR,1BA | $1.06 |
| 755 E Perry St, Unit 755 E. Perry Street | 755 E Perry St | 2BR,1BA | $1.06 |
| CrossRoads @ Southgreen | CrossRoads @ Southgreen - 615-1... | 2BR,1BA | $1.20 |
| Strawbridge Green | Thompson | 2BR,1BA | $1.27 |
| Sherman Village | Garden Apt | 1BR,1BA | $1.28 |
| 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 86 Apartments for Rent in University Heights, IN with pricing that ranges from $650 to $2,880. There are also 55 Single Family Homes for rent, Condos, and Townhome rentals currently available in University Heights ranging from $750 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 $750 to $3,000 with an average monthly rent of $1,452.
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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Indianapolis is truly the heart of the Midwest. No matter what career path you choose, opportunities for advancement are everywhere.
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Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.