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Showing all results in Indianapolis, IN.

Show Nearby Apartments

Townhomes under $500 for Rent in Indianapolis, IN

13,610 Rentals
.
  3. Building Photo - Summit Pointe
    $682 Off
    Price Drop. $682 Off
    1 BED
    $1,092+
    2 BEDS
    $1,270+
    3 BEDS
    $1,714+
    Total Monthly Price Total Monthly Price New
    Base Rent$1,060 - $1,683
    Required Monthly Fees$32
    Utilities & EssentialsVaries
    Total Monthly Price$1,092 - $1,715

    Summit Pointe

    2400 E Main St, Greenwood, IN 46143
    (463) 444-7579
  4. Rooftop Pool - 220 Meridian
    $579 Off
    Price Drop. $579 Off
    |
    STUDIO
    $1,508+
    1 BED
    $1,965+
    2 BEDS
    $2,989+
    3 BEDS
    $4,050+

    220 Meridian

    220 N Meridian St, Indianapolis, IN 46204
    (844) 559-1494
  5. Building Photo - Hobbs Station
    $550 Off
    Price Drop. $550 Off
    |
    STUDIO
    $1,499+
    1 BED
    $1,389+
    2 BEDS
    $1,859+
    3 BEDS
    $2,399+

    Hobbs Station

    2870 Pearsons Pky, Plainfield, IN 46168
    (463) 234-3077
  8. Building Photo - 9 On Canal
    $474 Off
    Price Drop. $474 Off
    STUDIO
    $910+
    1 BED
    $1,115+
    2 BEDS
    $1,315+
    3 BEDS
    $2,715+
    Total Monthly Price Total Monthly Price New
    Base Rent$895 - $3,300
    Required Monthly Fees$15
    Total Monthly Price$910 - $3,315

    9 On Canal

    335 W 9th St, Indianapolis, IN 46202
    (463) 209-7169
  13. Building Photo - M Club Apartments
    $362 Off
    Price Drop. $362 Off
    STUDIO
    $822+
    1 BED
    $950+
    2 BEDS
    $864+
    Total Monthly Price Total Monthly Price New
    Base Rent$804 - $1,749
    Required Monthly Fees$10
    Utilities & EssentialsVaries
    Total Monthly Price$822 - $1,404

    M Club Apartments

    7007 Courthouse Dr, Indianapolis, IN 46226
    (463) 240-1700
  15. Building Photo - Nook Nine
    $325 Off
    Price Drop. $325 Off
    STUDIO
    $1,250+
    1 BED
    $1,419+
    2 BEDS
    $1,719+
    3 BEDS
    $2,526+

    Nook Nine

    9433 Avant Ave, Indianapolis, IN 46240
    (463) 223-4775
  20. Building Photo - Scarborough Lake Apartments
    $286 Off
    Price Drop. $286 Off
    STUDIO
    $839+
    1 BED
    $861+
    2 BEDS
    $1,052+
    3 BEDS
    $1,736+

    Scarborough Lake Apartments

    6430 Maidstone Rd, Indianapolis, IN 46254
  21. Monon Place I - Townhome Kitchen - Monon Living
    $285 Off
    Price Drop. $285 Off
    STUDIO
    $1,345+
    1 BED
    $1,422+
    2 BEDS
    $1,475+
    3 BEDS
    $1,957+

    Monon Living

    5934 Carvel Ave, Indianapolis, IN 46220
    (463) 837-3024
  22. Model Galley Kitchen - The Block
    $280 Off
    Price Drop. $280 Off
    |
    1 BED
    $1,399+
    2 BEDS
    $1,649+
    3 BEDS
    $2,629+

    The Block

    50 N Illinois St, Indianapolis, IN 46204
    (463) 230-7061
  25. $266 Off
    Price Drop. $266 Off
    |
    STUDIO
    $1,101+
    1 BED
    $1,180+
    2 BEDS
    $1,484+
    3 BEDS
    $2,147+

    Artistry Indy

    451-475 E Market St, Indianapolis, IN 46204
    (463) 219-1267
  30. Building Photo - Wesmont
    $250 Off
    Price Drop. $250 Off
    |
    STUDIO
    $1,199+
    1 BED
    $1,449+
    2 BEDS
    $1,629+

    Wesmont

    1515 Lewis St, Indianapolis, IN 46202
    (463) 205-0965
  38. Building Photo - The Coil
    $200 Off
    Price Drop. $200 Off
    |
    STUDIO
    $1,295+
    1 BED
    $1,695+
    2 BEDS
    $2,495+

    The Coil

    6349 N College Ave, Indianapolis, IN 46220
    (463) 223-1729
  39. Building Photo - Pebble Point
    $200 Off
    Price Drop. $200 Off
    1 BED
    $889+
    2 BEDS
    $1,519+
    3 BEDS
    $1,649+

    Pebble Point

    3030 Pebble Point Dr, Indianapolis, IN 46214
    (463) 888-6462
  40. Building Photo - The Abby
    $200 Off
    Price Drop. $200 Off
    1 BED
    $925+
    2 BEDS
    $1,150+
    3 BEDS
    $1,600+

    The Abby

    4656 Edwardian Cir, Indianapolis, IN 46254
    (463) 205-0569

Living & Renting in Indianapolis

Indianapolis at a Glance

Average Rent

$1,122
(All bedrooms and property types)
Learn more about
Average Rent in Indianapolis
8

School Rating

out of 10 Rating
Learn more about
Schools in Indianapolis

Indianapolis, IN Townhouses for Rent

Indianapolis, the "Crossroads of America," serves as Indiana's capital and largest city, strategically positioned where major interstates connect the Midwest to the rest of the nation. If you're searching for apartments for rent in Indianapolis, you'll discover an affordable market with one-bedroom units averaging $1,108 per month—making it a smart choice for budget-conscious renters who want quality housing without big-city price tags.

Renting in Indianapolis opens doors to diverse neighborhoods that match different lifestyles and preferences. Downtown's Mile Square district puts you steps from offices, entertainment venues, and the scenic Canal Walk, while Broad Ripple offers a more relaxed atmosphere with local shops and direct access to the popular Monon Trail for outdoor enthusiasts. The city's robust job market spans healthcare, manufacturing, and logistics sectors, with major employers offering stable career opportunities. You'll enjoy reasonable commute times of 20-30 minutes throughout the city, plus easy access to attractions like Lucas Oil Stadium, the Indianapolis Motor Speedway, Eagle Creek Park, and a thriving arts scene in neighborhoods like Fountain Square.

Renting in Indianapolis

Average Rental Rates and Apartment Sizes

Top Budget-Friendly Neighborhoods in Indianapolis

(For 1 bedroom apartments)

Education

Public University
Public University
Public University
Private University
Private University
GreatSchools Rating
Franklin Central High School

Public High School

Public
Grades 9-12
3,319 Students
GreatSchools Rating
Perry Meridian High School

Public High School

Public
Grades 9-12
2,350 Students
GreatSchools Rating
Herron High School

Public High School

Public
Grades 9-12
995 Students
GreatSchools Rating
North Central High School

Public High School

Public
Grades 9-12
3,628 Students
GreatSchools Rating
Ben Davis University High School

Public High School

Public
Grades 9-12
358 Students
GreatSchools Rating
Franklin Central Junior High

Public Middle School

Public
Grades 6-8
1,711 Students
GreatSchools Rating
Paramount Cottage Home

Public Elementary School

Public
Grades K-5
265 Students

Data provided by GreatSchools.org 2025 © 2025. All rights reserved.

Apartments for Rent Near Indianapolis by Neighborhoods

Indianapolis Apartments for Rent in Your Budget

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