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Indianapolis

The Crossroads of America boasts plentiful amenities in a convenient locale

  • Walkable
  • Affordable
  • Hospitable
  • Convenient

Located right in the heart of Indiana, Indianapolis is the most populated city in Indiana as well as its capital. Nicknamed the Crossroads of America, Indianapolis is the hub for several major Interstate highways that traverse Indiana and connect its residents to the rest of the country. Indianapolis is also home to the first new international airport designed and built after 9/11 in the United States, the Indianapolis International Airport.

Ranked the #1 Best City for Renters in 2017 by Forbes, Indianapolis has a lot to offer residents and visitors alike. Should you choose to rent in Indianapolis, you will have the option to see the Indianapolis Symphony Orchestra perform at Hilbert Circle Theatre, cheer on the Indianapolis Colts at Lucas Oil Stadium, peruse the stores in Circle Centre Mall, meet orangutans at the Indianapolis Zoo, explore the engaging exhibitions at the Indianapolis Museum of Art, and hike the trails at Eagle Creek Park. You can also attend the world’s largest single-day sporting event, the Indy 500, after you take the kids to the world’s largest children’s museum, the Children’s Museum of Indianapolis.

Explore the City

Downtown Skyline

Birch Bayh Federal Building

Rent Trends

As of October 2018, the average apartment rent in Indianapolis, IN is $645 for a studio, $760 for one bedroom, $871 for two bedrooms, and $1,015 for three bedrooms. Apartment rent in Indianapolis has increased by 2.7% in the past year.

Beds Avg Sq Ft Avg Rent
Studio 451 $645
1 BR 696 $760
2 BR 989 $871
3 BR 1,287 $1,015

Ratings

45 Walk Score® Car-Dependent
29 Transit Score® Some Transit
55 Bike Score® Bikeable

Living in Indianapolis

  • Highlights

    The Indy 500, Indianapolis Motor Speedway, Indianapolis Zoo, Indianapolis Museum of Art, The Children’s Museum of Indianapolis, Lucas Oil Stadium, Indiana Convention Center, Circle Centre Mall, Indiana War Memorial Museum, Eagle Creek Park, White River State Park

Nearby

207 Apartments Available

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  • La Joya Apartments
    4514 Candletree Cir, Indianapolis, IN 46254
    1 / 59
    2 wks
    $499 - 599 1 Bed Available Soon
    844-721-1039
  • Westlake Apartments
    6000 Westlake Dr, Indianapolis, IN 46224
    1 / 26
    New
    $469 - 499 Studio - 2 Bed Available Now
    844-661-4336
  • Spinnaker Court
    3685 St Thomas Blvd, Indianapolis, IN 46214
    1 / 49
    2 wks
    $500 1 Bed Available Soon
    866-581-8273
  • Bavarian Village Apartments
    3001 Bavarian West Dr, Indianapolis, IN 46235
    New
    $489 - 544 Studio Available Soon
    317-622-0383
  • Creekside at Meridian Hills
    2100 Westlane Rd, Indianapolis, IN 46260
    New
    $500 - 580 1-2 Bed Available Now
    317-973-0171
  • Ashford Meridian Hills
    2085 Waterford Pl, Indianapolis, IN 46260
    New
    $500 1-2 Bed Available 11/04/18
    317-973-0450
  • Scarborough Lake Apartments
    6430 Maidstone Rd, Indianapolis, IN 46254
    New
    $484 - 534 Studio Available Soon
    888-595-7120
  • College Crossing At National
    1840 National Ave, Indianapolis, IN 46227
    2 hrs
    This property offers per person pricing
    $411 - 451 3-4 Bed Not Available
    844-246-7064
  • Spanish Oaks
    3645 Wingate Ct, Indianapolis, IN 46235
    New
    $445 - 485 Studio - 1 Bed Available Now
    317-576-4221
  • Carriage House East
    10174 Tinton Ct, Indianapolis, IN 46235
    2 wks
    $485 - 510 1 Bed Available Now
    844-310-8546
  • Autumn Trails
    7975 Red Mill Dr, Indianapolis, IN 46226
    2 wks
    $409 Studio Available Soon
    317-723-5139
  • Country Club Apartments
    360 Sandra Ln, Indianapolis, IN 46227
    2 wks
    $459 Studio Available Now
    317-202-1649
  • Lakeside Pointe at Nora
    9000 N College Ave, Indianapolis, IN 46240
    2 wks
    $449 - 489 Studio Available Now
    844-860-3140
  • 2 hrs
    Pangea Vineyards
    10101 E Montery Rd, Indianapolis, IN 46235
    $415 - 511 Studio Available Now
    844-795-6416
  • 1 day
    Encore Apartments
    8035 Preidt Pl, Indianapolis, IN 46237
    $485 Studio Not Available
    844-285-0781
  • 2 wks
    Ashgrove Apartments
    1211 Ginger Ct, Indianapolis, IN 46241
    $480 - 499 Studio Available Now
    844-287-3054
  • 2 wks
    The Stratford Apartments
    3201 Watergate Rd, Indianapolis, IN 46224
    $410 Studio Available 11/01/18
    317-708-7833
  • 2 wks
    Meridian Towers Apartments
    3710 N Meridian St, Indianapolis, IN 46208
    $459 - 519 Studio Available Soon
    844-781-1165
  • 2 wks
    Magnolias Apartments
    3330-3340 N Meridian St, Indianapolis, IN 46208
    $389 - 435 Studio - 1 Bed Available 11/06/18
    844-673-0223
  • 2 wks
    Central State Mansion
    202 Steeples Blvd, Indianapolis, IN 46222
    $320 - 800 1 Bed Available Soon
    844-579-7703
  • 2 wks
    Emerson Place Apts.
    2110 Emerson Knoll Pl, Indianapolis, IN 46218
    $385 - 450 1-2 Bed Available Soon
    844-885-2605
  • 2 wks
    The Towers at Crooked Creek
    7988 N Michigan Rd, Indianapolis, IN 46268
    $25 - 861 1 Bed Available Soon
    844-230-5204

Apartments for Rent Under $500 in Indianapolis, IN

You searched for apartments in Indianapolis, IN. Let Apartments.com help you find the perfect rental near you. Click to view any of these 207 available rental units in Indianapolis to see photos, reviews, floor plans and verified information about schools, neighborhoods, unit availability and more. Apartments.com has the most extensive inventory of any apartment search site, with over 149 thousand currently available apartments for rent. You can trust Apartments.com to find your next Indianapolis rental under $500.

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