Apartments for Rent in Indianapolis, IN under $1500
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1 bd $1,039+2 bd $1,069+Base rent4.0 (13)4724 Round Lake Rd, Indianapolis, IN 46205Apply online • Pet friendly • Fitness center
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1 bd $934+2 bd $1,094+Base rent6875 Faris Avenue, Indianapolis, IN 46226Apply online • Pet friendly • Fitness center
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1 bd $8502 bd $950Base rent4.0 (5)8020 Madison Avenue, Indianapolis, IN 46227Apply online • Pet friendly • In unit laundry
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1 bd $8502 bd $1,050Base rent Income restricted4.0 (12)139 Thompson Way, Indianapolis, IN 46227Apply online • Pet friendly • Parking
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1 bd $1,034+2 bd $1,127+3 bd $1,324+Base rent5.0 (12)6630 Glenbrook Drive, Indianapolis, IN 46220Apply online • Pet friendly • Fitness center
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1 bd $999+2 bd $1,399+3 bd $1,459+Total monthly cost3.0 (1)3801 N. Meridian St, Indianapolis, IN 46208Apply online • Pet friendly • Parking
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1 bd $950+2 bd $1,1503 bd $1,500Base rent3.5 (16)4656 Edwardian Circle, Indianapolis, IN 46254Apply online • Pet friendly • Parking
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Studio $1,330+1 bd $1,480+Base rent5.0 (4)8901 River Crossing Blvd, Indianapolis, IN 46240Apply online • Pet friendly • Parking
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1 bd $955+2 bd $1,060+Base rent3.0 (28)3640 Beluga Ln, Indianapolis, IN 46214Apply online • Pet friendly • Fitness center
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1 bd $1,280+2 bd $1,430+Base rent5.0 (14)7251 Windsor Lakes Drive, Indianapolis, IN 46237Apply online • Pet friendly • Fitness center
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1 bd $9202 bd $1,215Base rent4.5 (4)7266 Lockwood Lane, Indianapolis, IN 46217Apply online • Pet friendly • Parking
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1 bd $1,027+2 bd $1,316+Base rent4.5 (17)42 Lawndale Avenue, Indianapolis, IN 46224Apply online • Pet friendly • Pool
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1 bd $1,039+2 bd $1,069+Base rent4.0 (13)4724 Round Lake Rd, Indianapolis, IN 46205Apply online • Pet friendly • Fitness center
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1 bd $1,164+2 bd $1,392+Base rent4.5 (26)9280 Chelsea Village Drive, Indianapolis, IN 46260Apply online • Pet friendly • Fitness center
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1 bd $1,136+2 bd $1,277+Base rent5.0 (9)9250 Evergreen Avenue, Indianapolis, IN 46240Apply online • Pet friendly • Parking
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1 bd $830+2 bd $1,190+Base rent3.5 (9)3685 St Thomas Blvd, Indianapolis, IN 46214Apply online • Pet friendly • Fitness center
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2 bd $1,413+Base rent4.0 (21)3202 E. 76Th Street, Indianapolis, IN 46240Apply online • Pet friendly • Fitness center
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1 bd $934+2 bd $1,094+Base rent6875 Faris Avenue, Indianapolis, IN 46226Apply online • Pet friendly • Fitness center
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Studio $1,205+1 bd $1,282+Base rent4.0 (77)718 E Georgia Street, Indianapolis, IN 46202Apply online • Pet friendly • Parking
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Studio $745+1 bd $790+2 bd $940+Base rent6000 Westlake Drive, Indianapolis, IN 46224Apply online • Pet friendly • Parking
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1 bd $1,0972 bd $1,307+Base rent4.0 (3)3015 Rolling Dunes Dr, Indianapolis, IN 46214Apply online • Pet friendly • Pool
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1 bd $973+2 bd $1,270+Base rent4949 Bobwhite Lane, Indianapolis, IN 46254Apply online • Pet friendly • Parking
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1 bd $8502 bd $950Base rent4.0 (5)8020 Madison Avenue, Indianapolis, IN 46227Apply online • Pet friendly • In unit laundry
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1 bd $834+2 bd $1,215+Total monthly cost4.0 (10)6612 Eagle Pointe Drive North, Indianapolis, IN 46254Apply online • Pet friendly • Fitness center
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Studio $805+1 bd $896+2 bd $1,084+Total monthly cost4.0 (15)7007 Courthouse Dr, Indianapolis, IN 46226Apply online • Pet friendly
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&cropxunits=300&cropyunits=200&width=480&quality=90 "Marble Style Floorplan Kitchen")
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&cropxunits=300&cropyunits=196&width=480&quality=90 "Clubhouse at Chelsea Village")
&cropxunits=300&cropyunits=200&width=480&quality=90 "Kitchen at Chelsea Village")
&cropxunits=300&cropyunits=200&width=480&quality=90 "Signature Series Living Room at Somerset Lakes")
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Frequently asked questions
When were prices and availability in Indianapolis, IN last updated?
Prices and availability in Indianapolis, IN were last updated on 23 Jun 2026.
What are the best apartments in Indianapolis, IN?
The best apartments in Indianapolis, IN are: 7 Pointe Apartments, Lawrence Landing, The Sterling, Thompson Village Apartments and 220 Meridian.
What type of rental buildings are in Indianapolis, IN?
In Indianapolis 44% of the housing is rented out compared to 56% of homes are owned, according to the most recent Census Bureau estimates. 12% of Indianapolis's apartments are found in large buildings of 50 units or more, 62% are located in smaller apartment complexes with less than 50 units, and 25% are single-family rentals.
Your search for apartments in Indianapolis, IN under $1,500 stops here
Finding apartments for rent in Indianapolis, IN for less than $1,500 has never been so easy! At RentCafe nice cheap apartments are just one click away. There are currently 2,375 available units in Indianapolis, IN, renting for under $1,500. On average, $1,432 can get you 935 Sqft in this area. Be sure to search for the apartment that is best for you. Under “More”, check the amenities that you consider a must-have, and don’t forget to look at the pet policy. Fitness enthusiasts can even check the Fitness Center box. Whether you are looking for studio apartments, 1 bedroom apartments, 2 bedroom apartments or 3 bedroom apartments, you are sure to find one that will make you want to move in right away.
We’ll help you find the best rental near you
Having to compromise on either price or location can turn your “apartments near me under $1,500” search into a nightmare. At RentCafe we recognize the importance of both. Therefore, we offer a variety of filters that can help you find exactly what you want. Sorting the results by rent, ascending, will make the cheapest units show up first on the list. Try it out! You will find that right now the cheapest apartment under $1,500 in Indianapolis, IN goes for $699 per month. If some of the results are outside the area of your choice, you can go to the left side of the screen and draw a radius or a polygon around your location. Now you will only see results that are relevant to you.