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Apartments for Rent in Indianapolis, IN under $500

Apartments for Rent in Indianapolis, IN under $500. 3 Rentals Available
3 Rentals Available
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  • outline of a house icon isolated on a white
    Studio $100
    Base rent
    Verified Listing

    615 & 19 Fairfield Avenue, Indianapolis, IN 46205
    Apply online • Pet friendly
  • a house with an flag in the window
    3 bd $500
    Base rent
    Verified Listing

    114 East Palmer Street, Indianapolis, IN 46225
    Pet friendly
  • a living room with couches and chairs and a table
    Ask for pricing
    Income restricted
    Verified Listing

    1015 Vesper Pl, Indianapolis, IN 46203
    Pet friendly
3-0-city
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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?
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.