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Showing all results in Indianapolis, IN.

Show Nearby Apartments

Townhomes under $500 for Rent in Indianapolis, IN

13,634 Rentals
.
  1. Building Photo - Southern Dunes
    $191 Off
    Price Drop. $191 Off
    |
    1 BED
    $1,255+
    2 BEDS
    $1,477+
    3 BEDS
    $1,810+

    Southern Dunes

    7247 Vista Cir, Indianapolis, IN 46217
    (463) 444-8893
  4. Building Photo - Alpine Studios
    $179 Off
    Price Drop. $179 Off
    STUDIO
    $999+
    1 BED
    $1,099+
    2 BEDS
    $1,299+

    Alpine Studios

    5818 Flight School Dr, Indianapolis, IN 46221
  8. Building Photo - Creek Bay
    $166 Off
    Price Drop. $166 Off
    |
    1 BED
    $1,049+
    2 BEDS
    $1,145+

    Creek Bay

    6650 Creek Bay Dr, Indianapolis, IN 46217
    (317) 978-6207
  9. Building Photo - Lake Castleton Apartments
    $166 Off
    Price Drop. $166 Off
    |
    STUDIO
    $1,031+
    1 BED
    $980+
    2 BEDS
    $1,330+
    Total Monthly Price Total Monthly Price New
    Base Rent$896 - $1,542
    Required Monthly Fees$84 - $112
    Total Monthly Price$980 - $1,654

    Lake Castleton Apartments

    7601 Carlton Arms Dr, Indianapolis, IN 46256
    (463) 223-4261
  12. Interior Photo - 82 Flats
    $154 Off
    Price Drop. $154 Off
    1 BED
    $1,240+
    2 BEDS
    $1,484+

    82 Flats

    8515 Clearwater Ln, Indianapolis, IN 46240
    (463) 240-3301
  17. Building Photo - Indy Town Apartments
    $149 Off
    Price Drop. $149 Off
    1 BED
    $717+
    2 BEDS
    $820+

    Indy Town Apartments

    6046 E 21st St, Indianapolis, IN 46219
  18. Building Photo - Frederick Square
    $149 Off
    Price Drop. $149 Off
    2 BEDS
    $900

    Frederick Square

    6020 E 30th St, Indianapolis, IN 46218
  23. Interior Photo - The Assembly
    $130 Off
    Price Drop. $130 Off
    |
    1 BED
    $999+
    2 BEDS
    $1,668+
    3 BEDS
    $2,184+

    The Assembly

    1301 E Washington St, Indianapolis, IN 46202
    (463) 240-1334
  26. Building Photo - Rosewood Commons
    $120 Off
    Price Drop. $120 Off
    1 BED
    $870+
    2 BEDS
    $1,095+

    Rosewood Commons

    5549 Rosewood Commons Dr, Indianapolis, IN 46254
  27. Building Photo - Olivewood
    $120 Off
    Price Drop. $120 Off
    STUDIO
    $800+
    1 BED
    $945+
    2 BEDS
    $1,100+

    Olivewood

    2091 Olivewood Dr, Indianapolis, IN 46219
  32. Building Photo - The Washington
    Exceptional Value
    STUDIO
    $800+
    2 BEDS
    $1,025+

    The Washington

    1401 N Pennsylvania St, Indianapolis, IN 46202
  33. Sky Bar - Axis
    Exceptional Value
    STUDIO
    $1,319+
    1 BED
    $1,481+
    2 BEDS
    $1,756+

    Axis

    401 N Senate Ave, Indianapolis, IN 46204
    (463) 230-6484

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

Renting in Indianapolis

Average Rental Rates and Apartment Sizes

Top Budget-Friendly Neighborhoods in Indianapolis

(For 1 bedroom apartments)

Education

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.

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