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Apartments Under $500 in Indianapolis, IN

1 - 11 of 11 Results
25
$458
The Enclave At Meridian Apartments
3.2
3777 N Meridian St Indianapolis, IN
Studio | Available Now
Contact
Income Restricted
Fitness Center
Dishwasher
14
$495
202 Steeples Blvd
Indianapolis, IN
Studio | Available Now
Contact
4
$300
1635 Draper St
Indianapolis, IN
Studio | Available Now
Contact
338
$495
202 Steeples Blvd
Indianapolis, IN
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
16
$499
*rental Special!!* 5345 E Washington St Unit 11, Indpls, In 46419
5345 E Washington St Apt 11 Indianapolis, IN
Studio | Ask for Availability
Contact
House
0
$499
Studio Apartment Near I-70 & Holt Rd **move In Special $200 Off 1st Month Rent**
1304 Phillips Dr Indianapolis, IN
Studio | Available Now
Contact
House
12
3D Tour
$449 - 489
Lakeside Point At Nora
Deal
9000 N College Avenue Indianapolis, IN
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
Balcony/Deck/Patio
Pool
19
$ Ask - 1,689
Country Lake Townhomes
2910 A White Knight Blvd Indianapolis, IN
2 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Townhome
Air Conditioning
Balcony/Deck/Patio
29
$ Ask - 950
Duke Manor
311 S Lasalle St Santa Barbara, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
In Unit Laundry
Fitness Center
9
$ Ask - 1,230
Madison Lofts
1430 & 1420 Madison Ave. Indianapolis, IN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
In Unit Laundry
Balcony/Deck/Patio
12
$ Ask - 863
Scarborough Lake Apartments
6430 Maidstone Road Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Fitness Center
Pool
1 - 11 of 11 Results
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Frequently Asked Questions

How many apartments under $500 are available in Indianapolis, IN on Rentable.co?

There are 11 apartments under $500 in Indianapolis currently available for rent on Rentable.co.

How many studio apartments under $500 are available in Indianapolis?

Rentable.co has 87 studio apartments under $500 available for rent in Indianapolis.

How many one-bedroom apartments under $500 are available in Indianapolis?

Rentable.co has 184 one-bedroom apartments under $500 available for rent in Indianapolis.

How many two-bedroom apartments under $500 are available in Indianapolis?

Rentable.co has 340 two-bedroom apartments under $500 available for rent in Indianapolis.

Can I afford a apartment under $500 in Indianapolis, IN?

To comfortably afford a apartment under $500 in Indianapolis based on average rent prices, a household would need an annual income of $20,000.

Which neighborhoods have the most apartments under $500 for rent in Indianapolis, IN?

  1. Upper Canal
  2. Herron Morton
  3. Downtown Indianapolis

Apartments Under $500 in Indianapolis, IN: November Rental Information

Welcome to the November 2024 Indianapolis Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the November 2024 key findings and figures for the Indianapolis rental landscape.

Our experts analyze the inventory trends for apartments under $500 — overall market rent-distribution, availability by bedroom count, and month-over-month comparisons — in Indianapolis and surrounding areas. This summary also provides insight into available features and amenities, as well as location options for apartments under $500 in Indianapolis.

If you're searching for an affordable apartment in Indianapolis, this report will provide you with valuable information and help you make an informed decision. Whether you're a student looking for a budget-friendly studio near a university or a young professional seeking an affordable one-bedroom in a vibrant neighborhood, the Rentable Apartment Report has got you covered. Stay tuned for the latest data and trends in the Indianapolis rental market.
0 35 70 105 140 <$700 $740 $820 $900 $980 $1,060 $1,140 $1,220 $1,300 $1,380 $1,460 $1,540 >$1,620
This month, the typical cost to rent a one-bedroom apartment in Indianapolis stands at $1,020, with the majority falling between $700 and $1,550. Out of the 7,883 one-bedroom apartments currently on the market in Indianapolis, 5 are priced below $500, accounting for 0% of the total available one-bedroom units in Indianapolis.

Available Apartments Under $500: Indianapolis vs. Surrounding Areas

Indianapolis, IN
Greenwood, IN
16
3
Welcome to Rentable's "Apartments Under $500 in Indianapolis, IN" page. Here, you can find a comprehensive overview of the availability and rent prices of apartments in Indianapolis, IN, and the surrounding areas. As of November 2024, the chart above displays the number of available apartments priced under $500 in Indianapolis, IN, as well as the neighboring cities of Westfield, Speedway, Whiteland, Cumberland, Avon, Danville, Plainfield, McCordsville, Meridian Hills, Brownsburg, Fishers, Carmel, Noblesville, Greenfield, Lawrence, Greenwood, Lebanon, Bargersville, Camby, Cicero, North Salem, Whitestown, Zionsville, Fortville, Ingalls, Hendricks, Beech Grove, Pittsboro, and New Palestine. In the entire Indianapolis, IN metro area, there are a total of 30 apartments currently available within this price range.

Apartments Under $500 Now vs. Last Month: Indianapolis and Surrounding Areas

City Apartments Under $500 in November M/M % Change
Indianapolis, IN 16 +0.97%
Greenwood, IN 3 +1.0%
Noblesville, IN 2 +1.0%
Lebanon, IN 1 +1.0%
Brownsburg, IN 1 +1.0%
Greenfield, IN 0 +1.5%

Looking for Apartments Under $500 in Indianapolis?

Available apartments under $500 916
Top amenities Fitness Center, Dishwasher, Refrigerator, Range / Oven, Microwave
Deals 2
Pet friendly 33
Utilities included 4
Studio 19
1 Bedroom 12
2 Bedroom 16

Where are Indianapolis Apartments Under $500?

Top Neighborhoods Upper canal, Herron morton, Downtown indianapolis
Upper Canal 3
Herron Morton 3
Downtown Indianapolis 1
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