7 Activities for Renters to Do in Indianapolis
Looking for ways to fall in love with Indianapolis as a renter? Here are are some of the hotspots that will do the trick: Broad Ripple Village, NCAA Hall of Champions, Monument Circle, Children’s Museum of Indianapolis or Monon Rail Trail. No matter the time of year, there’s plenty to do and see in Indiana’s […]
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Top 10 Best Neighborhoods for Renters in Indianapolis
If you’re looking to rent in Indy, checking out the best neighborhoods to live in is a must. To make things easier for you, here are some of our top picks: Downtown Indianapolis, Broad Ripple, Castleton, Brockton, Crooked Creek, Bayview and North Willow. The neighborhood where you’ll live as a renter is one of the […]
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Best Schools in Indianapolis, IN for Renters With Kids
Finding the right school for your children can be tough if you’re new to the city. Luckily, here are some of the best picks Indy has to offer renters with families who decide to call this city their home: Speedway Junior High School, Sidener Academy for High Ability Students, Acton Elementary School, Herron High School, […]
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Prices and availability in Indianapolis, IN were last updated on 19 Feb 2026.
The best apartments in Indianapolis, IN are: Monon Court, Managed by Buckingham Monon Living, Carlyle Court, Meridian Court South, The Retreat at Carmel and Monon 46.
In Indianapolis 45% of the housing is rented out compared to 55% of homes are owned, according to the most recent Census Bureau estimates. 11% of Indianapolis's apartments are found in large buildings of 50 units or more, 61% are located in smaller apartment complexes with less than 50 units, and 27% are single-family rentals.
There’s more than one way to spend $500 on rent in Indianapolis, IN, so the first step is to start thinking about what you really want from your new home. Be mindful of what makes you tick. Look for 2 bedroom apartments for rent for less than $500 if you want to share your living space and don’t mind being further away from the city center. Search for 3 bedroom apartments if you’re moving in with family or planning to share part of your life and living expenses with more friends. If city bustle is what you live for, you might want to search for a studio or 1 bedroom apartment closer to the city center.
Don’t dismiss the idea of a studio just because it sounds small and featureless: studios come in many shapes and sizes, and it only takes a few strikes of creativity to go from drab to lively. If an all-in-one-room apartment spells total lack of privacy for you, have a look at the 1 bedroom apartments for rent in Indianapolis, IN. Customize your search by using more RentCafe filters. Decide what amenities you can’t live without and focus your search on the apartments that offer them. Are you bringing in a pet? Narrow your options to pet-friendly apartments for rent. Want more windows so that natural light floods your home? Hardwood floors or plush carpet in the living area? There are 3 apartments for rent below $500 in Indianapolis, IN for every taste. Decide what you need, stay focused, and you’re bound to find your perfect apartment in no time.
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