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Showing all results in Indianapolis, IN.

Townhomes under $500 for Rent in Indianapolis, IN

13,615 Rentals
  1. Building Photo - Charmwood Terrace
    Exceptional Value
    1 BED
    $520+
    2 BEDS
    $685+

    Charmwood Terrace

    3419 N Pennsylvania St, Indianapolis, IN 46205
  2. Building Photo - Waterbury Apartments
    Exceptional Value
    STUDIO
    $775+
    1 BED
    $885+
    2 BEDS
    $920+

    Waterbury Apartments

    421 Waterbury St, Greenwood, IN 46142
  3. Building Photo - One Somerset
    Exceptional Value
    1 BED
    $995+
    2 BEDS
    $775+
    Total Monthly Price Total Monthly Price New
    Base Rent$775 - $995
    Utilities & EssentialsVaries
    Total Monthly Price$775 - $995

    One Somerset

    3761 S State Ave, Indianapolis, IN 46227
    (463) 219-3814
  4. Building Photo - Broad Ripple Apartments
    Exceptional Value
    2 BEDS
    $1,635
    Total Monthly Price Total Monthly Price New
    Base Rent$1,595 - $1,805
    Required Monthly FeesNone
    Total Monthly Price$1,635 - $1,765

    Broad Ripple Apartments

    6184 Carvel Ave, Indianapolis, IN 46220
    (463) 223-9358
  5. Building Photo - Temple Lofts
    Good Value
    1 BED
    $1,360+
    2 BEDS
    $1,370+

    Temple Lofts

    1225 Dr Martin Luther King Jr St, Indianapolis, IN 46202
  6. Good Value
    |
    STUDIO
    $870+
    1 BED
    $940+
    2 BEDS
    $1,160+
    3 BEDS
    $1,640+

    Meridian Lakes

    7344 Meridian Hills Ct, Indianapolis, IN 46260
    (463) 229-6278

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

Public High School

Public
Grades 9-12
3,319 Students
GreatSchools Rating

Public High School

Public
Grades 9-12
2,350 Students
GreatSchools Rating

Public High School

Public
Grades 9-12
995 Students
GreatSchools Rating

Public High School

Public
Grades 9-12
3,628 Students
GreatSchools Rating

Public High School

Public
Grades 9-12
358 Students
GreatSchools Rating

Public Middle School

Public
Grades 6-8
1,711 Students
GreatSchools Rating

Public Elementary School

Public
Grades K-5
265 Students

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

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