Apartments Under $500 in Indianapolis, IN

1 - 22 of 22 Results
16
3D Tour
Spacious Co-living Unit For Rent in Indianapolis Apartment for rent in Indianapolis, IN
Spacious Co-living Unit For Rent in Indianapolis Apartment for rent in Indianapolis, IN
$500
PER
ROOM
1748 N Bancroft St Indianapolis, IN
1 BR | Available Now
Contact
Heat Included
House
In Unit Laundry
21
3D Tour
Spacious Co-living Unit For Rent in Indianapolis Apartment for rent in Indianapolis, IN
Spacious Co-living Unit For Rent in Indianapolis Apartment for rent in Indianapolis, IN
$425
PER
ROOM
8109 Johnstown Ct Indianapolis, IN
1 BR | Feb. 26, 2025
Contact
Heat Included
House
In Unit Laundry
19
3D Tour
Spacious Co-living Unit For Rent in Indianapolis Apartment for rent in Indianapolis, IN
$385 - 445
PER
ROOM
8027 N Richardt Ave Indianapolis, IN
1 BR | Available Now
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Heat Included
House
In Unit Laundry
20
3D Tour
Spacious Co-living Unit For Rent in Indianapolis Apartment for rent in Indianapolis, IN
$325 - 410
PER
ROOM
1252 Goldenrod Dr Indianapolis, IN
1 BR | Available Now
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Heat Included
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23
3D Tour
Spacious Co-living Unit For Rent in Indianapolis Apartment for rent in Indianapolis, IN
$425 - 430
PER
ROOM
701 W Hanna Ave Indianapolis, IN
1 BR | Available Now
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Heat Included
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In Unit Laundry
18
3D Tour
Spacious Co-living Unit For Rent in Indianapolis Apartment for rent in Indianapolis, IN
$400 - 425
PER
ROOM
8149 Trevellian Way Indianapolis, IN
1 BR | Available Now
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Heat Included
House
In Unit Laundry
22
3D Tour
Spacious Co-living Unit For Rent in Indianapolis Apartment for rent in Indianapolis, IN
$425
PER
ROOM
281 N Warman Ave Indianapolis, IN
1 BR | Available Now
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Heat Included
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In Unit Laundry
20
3D Tour
Spacious Co-living Unit For Rent in Indianapolis Apartment for rent in Indianapolis, IN
$425 - 495
PER
ROOM
3712 Oil Creek Dr Indianapolis, IN
1 BR | Available Now
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Heat Included
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In Unit Laundry
25
The Enclave At Meridian Apartments Apartment for rent in Indianapolis, IN
$458
3777 N Meridian St Indianapolis, IN
Studio | Available Now
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Income Restricted
Fitness Center
Dishwasher
19
3D Tour
Spacious Co-living Unit For Rent in Indianapolis Apartment for rent in Indianapolis, IN
$285 - 380
PER
ROOM
1531 N Downey Ave Indianapolis, IN
1 BR | Available Now
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Heat Included
House
In Unit Laundry
16
3D Tour
Spacious Co-living Unit For Rent in Indianapolis Apartment for rent in Indianapolis, IN
$435 - 475
PER
ROOM
1635 Cruft St Indianapolis, IN
1 BR | Available Now
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Heat Included
House
In Unit Laundry
18
3D Tour
Spacious Co-living Unit For Rent in Indianapolis Apartment for rent in Indianapolis, IN
$275 - 375
PER
ROOM
6115 Redcoach Ln Indianapolis, IN
1 BR | Available Now
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Heat Included
House
In Unit Laundry
20
3D Tour
Spacious Co-living Unit For Rent in Indianapolis Apartment for rent in Indianapolis, IN
$390 - 450
PER
ROOM
1043 N Holmes Ave Indianapolis, IN
1 BR | Available Now
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Heat Included
House
In Unit Laundry
19
3D Tour
Spacious Co-living Unit For Rent in Indianapolis Apartment for rent in Indianapolis, IN
$411 - 455
PER
ROOM
5329 Hedgerow Dr Indianapolis, IN
1 BR | Available Now
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Heat Included
House
In Unit Laundry
4
1635 Draper St Apartment for rent in Indianapolis, IN
$300
Indianapolis, IN
Studio | Available Now
Contact
16
*rental Special!!* 5345 E Washington St Unit 11, Indpls, In 46419 Apartment for rent in Indianapolis, IN
$499
5345 E Washington St Apt 11 Indianapolis, IN
Studio | Ask for Availability
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House
306
202 Steeples Blvd Apartment for rent in Indianapolis, IN
$495
Indianapolis, IN
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
12
3D Tour
Lakeside Point At Nora Apartment for rent in Indianapolis, IN
$449 - 489
9000 N College Avenue Indianapolis, IN
Studio | Available Now
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Dog Friendly
Cat Friendly
Balcony/Deck/Patio
Pool
19
Country Lake Townhomes Apartment for rent in Indianapolis, IN
$ Ask - 1,689
2910 A White Knight Blvd Indianapolis, IN
2 - 3 BR | Available Now
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Dog Friendly
Cat Friendly
Townhome
Air Conditioning
Balcony/Deck/Patio
12
Scarborough Lake Apartments Apartment for rent in Indianapolis, IN
$ Ask - 863
6430 Maidstone Road Indianapolis, IN
1 BR | Available Now
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Dog Friendly
Cat Friendly
Fitness Center
Pool
29
Duke Manor Apartment for rent in Santa Barbara, IN
$ Ask - 950
311 S Lasalle St Santa Barbara, IN
1 BR | Available Now
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Dog Friendly
Cat Friendly
Luxury
In Unit Laundry
Fitness Center
9
$ Ask - 1,230
1430 & 1420 Madison Ave. Indianapolis, IN
1 - 2 BR | Available Now
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Dog Friendly
Cat Friendly
Air Conditioning
In Unit Laundry
Balcony/Deck/Patio
1 - 22 of 22 Results
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  3. Apartments Under $500

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

Welcome to the February 2025 Indianapolis Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the February 2025 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 27 55 82 110 <$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 $1,040, with the majority falling between $700 and $1,870. Out of the 7,365 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
22
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 February 2025, 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 38 apartments currently available within this price range.

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

City Apartments Under $500 in February M/M % Change
Indianapolis, IN 22 +0.86%
Greenwood, IN 3 +1.0%
Lebanon, IN 1 +1.0%
Noblesville, IN 1 +1.14%
Brownsburg, IN 0 +1.5%

Looking for Apartments Under $500 in Indianapolis?

Available apartments under $500 761
Top amenities Central A / C, Wifi, On Site Maintenance, Co Living, Monthly Cleaning Service
Deals 29
Pet friendly 32
Utilities included 26
Studio 17
1 Bedroom 32
2 Bedroom 14

Where are Indianapolis Apartments Under $500?

Top Neighborhoods Herron morton, Upper canal, Downtown indianapolis
Herron Morton 3
Upper Canal 2
Downtown Indianapolis 1