Apartments for Rent in Indianapolis, IN under $500
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Studio $100Base rent615 & 19 Fairfield Avenue, Indianapolis, IN 46205Apply online • Pet friendly -
3 bd $500Base rent114 East Palmer Street, Indianapolis, IN 46225Pet friendly -
Ask for pricingIncome restricted1015 Vesper Pl, Indianapolis, IN 46203Pet friendly
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Frequently asked questions
When were prices and availability in Indianapolis, IN last updated?
Prices and availability in Indianapolis, IN were last updated on 20 May 2026.
What are the best apartments in Indianapolis, IN?
The best apartments in Indianapolis, IN are: 7 Pointe Apartments, CityView on Meridian, Monon Court, Managed by Buckingham Monon Living, Carlyle Court and Meridian Court South.
What type of rental buildings are in Indianapolis, IN?
In Indianapolis 44% of the housing is rented out compared to 56% of homes are owned, according to the most recent Census Bureau estimates. 12% of Indianapolis's apartments are found in large buildings of 50 units or more, 62% are located in smaller apartment complexes with less than 50 units, and 25% are single-family rentals.