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Apartments for Rent in Indianapolis, IN under $1500

2,139 Rentals Available
Apartments for Rent in Indianapolis, IN under $1500. 2,139 Rentals Available
  • a living room with a couch and a fireplace
    296
    3 days ago

    1902 Parsons Drive, Indianapolis, IN 46224
    1 BED $751
    2 BEDS $1,019
    3 BEDS $1,335
  • a dining room with a table and chairs and a living room
    202
    3 days ago

    1815 Foyt Drive, Indianapolis, IN 46224
    1 BED $733+
    2 BEDS $1,004+
  • a living room with a couch and a desk with a laptop
    110
    Today

    7007 Deer Path Dr., Indianapolis, IN 46254
    1 BED $970+
    2 BEDS $1,240
  • a living room with white furniture and a large painting on the wall
    173
    3 days ago

    7747 Santa Monica Drive, Indianapolis, IN 46268
    1 BED $746+
    2 BEDS $1,035+
    3 BEDS $1,344+
  • a living room with blue furniture and a fireplace
    69
    Today

    3553 Founders Road, Indianapolis, IN 46268
    STUDIO $974+
    1 BED $1,070
    2 BEDS $1,479
  • a living room with couches and a fireplace
    30
    Today

    3820 Cedar Ridge Rd, Indianapolis, IN 46235
    Income Restricted
    1 BED $1,190
    2 BEDS $1,282+
  • the living room of an apartment with a couch and chairs
    128
    Today

    6363 Commons Drive, Indianapolis, IN 46254
    1 BED $845+
    2 BEDS $1,120+
    3 BEDS $1,309+
  • a living room with a couch and a staircase
    271
    Today

    7136 Crystal Bay Drive E, Indianapolis, IN 46260
    1 BED $829+
    2 BEDS $975+
    3 BEDS $1,149+
  • a living room and kitchen with a table and chairs
    33
    Today

    5858 North College Avenue, Indianapolis, IN 46220
    STUDIO $1,249+
  • A living room with a grey couch and a yellow painting on the wall.
    49
    Today

    5934 Carvel Avenue, Indianapolis, IN 46220
    STUDIO $795+
    1 BED $776+
    2 BEDS $905+
  • a living room with a kitchen and a couch and a table
    58
    Today

    1224 Prospect Street, Indianapolis, IN 46203
    STUDIO $1,121+
    1 BED $1,411+
  • a living room with a blue couch and pictures of dogs on the wall
    21
    Today

    931 Fletcher Avenue, Indianapolis, IN 46203
    STUDIO $1,199+
    1 BED $1,388+
  • A living room with a grey couch and a black and white checkered floor.
    51
    3 days ago

    2730 River Chase Drive, Indianapolis, IN 46214
    1 BED $1,149
    2 BEDS $1,329
  • a living room with couches and chairs and a table
    104
    Today

    240 N. Warman Ave., Indianapolis, IN 46222
    Income Restricted
    1 BED $1,100
    2 BEDS Ask for Pricing
    3 BEDS $1,131+
  • a living room with couches and chairs and a table
    9
    Today

    1233 Shelby St, Indianapolis, IN 46203
    STUDIO $1,235+
    1 BED $1,385+
  • a living room and kitchen with a couch and a table
    22
    Today

    307 N Pennsylvania St, Indianapolis, IN 46204
    STUDIO $1,260+
  • a white house with windows with trees in the background
    1 day ago

    3720 Caroline Ave, Indianapolis, IN 46218
    1 BED $800
  • a bedroom with a large bed and a ceiling fan
    39
    Today

    3861 Gable Ln Dr, Indianapolis, IN 46228
    1 BED $1,215+
    2 BEDS $1,235+
  • a living room with a couch and a table
    171
    Today

    4401 S. Keystone Ave, Indianapolis, IN 46227
    1 BED $889+
    2 BEDS $1,049+
  • a living room with couches and a table and windows
    34
    1 day ago

    632MLK Apartments, Indianapolis, IN 46202
    STUDIO $1,200
    1 BED $1,250+
  • a living room with a couch and a table and a tv
    39
    Today

    748 Bates Street, Indianapolis, IN 46202
    STUDIO $1,275+
    1 BED $1,345
  • a dining room with a table and chairs and a kitchen
    Today

    4560 Ocean Street, Indianapolis, IN 46205
    1 BED $1,275+
  • a living room with a couch and a table
    45
    Today

    6401 Woods Edge N Drive, Indianapolis, IN 46250
    1 BED $1,065+
    2 BEDS $1,385+
  • a living room with a couch and a coffee table
    205
    Today

    6000 Westlake Drive, Indianapolis, IN 46224
    STUDIO $770+
    1 BED $820+
    2 BEDS $1,035+
  • a living room with a couch and a table
    18
    Today

    8760 Le Mode Ct, Indianapolis, IN 46268
    1 BED $1,150+
    2 BEDS $1,225+
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You viewed 669 of 2139 rentals.

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Local Guides for Renters

Getting around in Indianapolis, IN

57 /100
Somewhat Walkable
46 /100
Some Transit
88 /100
Very Bikeable
Walk Score®: 57, Transit Score®: 46, Bike Score®: 88

Frequently asked questions

When were prices and availability in Indianapolis, IN last updated?

Prices and availability in Indianapolis, IN were last updated on 26 Nov 2025.

What are the best apartments in Indianapolis, IN?

The best apartments in Indianapolis, IN are: Lawrence Landing, Thompson Village Apartments, Quarry at River North, 7 Pointe Apartments and The Abby.

What type of rental buildings are in Indianapolis, IN?

In Indianapolis, 45% of the residents are renting compared to 55% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 11% of Indianapolis’s rentals, 61% are small-scale complexes with under 50 units, and 27% are single-family rentals.

Renting apartments in Indianapolis, IN under $1,500

Searching for apartments for rent in Indianapolis, IN under $1,500 is not an easy task, but luckily you have come to the right place. Whether you are a student on a budget, a young professional on the move, or simply a frugal person, RentCafe can help you find what you are looking for. Just make sure you know what you consider non-negotiable and what you can compromise on. Your new home is just a few clicks away. In Indianapolis, IN, where the average rent is $1,371 per month, there are 2,139 units available for less than $1,500. Click on any of these units to see pictures, floor plans, amenities and more. After you have picked your favorite, you can contact the property to check availability. Considering that you are trying to spend as little as possible, looking at 1 bedroom apartments and studio apartments might be a good idea.

We’ll help you find the cheapest rental near you

Finding a nice cheap apartment is by no means impossible. You just have to be patient. Your “apartments near me under $1,500” search can bear fruit sooner than you think if you look carefully and check our site often. You never know when discount deals and special offers might pop up. Keep in mind that you are not the only one looking for an affordable apartment in Indianapolis, IN. Choose “Save Search” to receive the latest apartments available directly to your inbox. This way, you will be able to stay one step ahead of the competition. With the cheapest apartments in Indianapolis, IN going for $699 per month, there are great deals waiting to be discovered. Feeling lucky? Expand your search to 2 bedroom apartments and 3 bedroom apartments as well for more space.

Finding a home nearby is easier than you think. Check out our Apartments Near Me page and take your pick!