
Cheap Apartments for Rent in the Allisonville Neighborhood of Indianapolis, IN from $800 (10 Rentals)
Cheap Apartments in the Allisonville area of Indianapolis.


Williamsburg North

A/62
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

Trails at Lakeside

TGM Avalon Lake

Chateau in the Woods
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Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

Castleton Manor Apartments

TGM Shadeland Station

TGM Autumn Woods
Allisonville - One of the Best Affordable Neighborhoods in Indianapolis
Named as one of the Best Affordable Neighborhoods to rent in Indianapolis by our Local Expert Wendy Melton. See how it ranks!

Lakeshore Apartments
Allisonville, Indianapolis, IN Local Guide

How much does it cost to rent an apartment in Allisonville?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Allisonville Studio Apartments | $990 | $947 | $1,065 |
Allisonville 1 Bedroom Apartments | $1,304 | $900 | $2,304 |
Allisonville 2 Bedroom Apartments | $1,513 | $1,000 | $2,772 |
Allisonville 3 Bedroom Apartments | $1,907 | $1,350 | $2,903 |
Allisonville 4 Bedroom Apartments | $1,850 | $1,700 | $2,000 |
Browse Apartments in this Neighborhood
There are currently 10 rentals with your search options within a 2 mile radius of the Allisonville Neighborhood of Indianapolis, IN.
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Cheapest Available Allisonville Apartments for Rent
 The cheapest available apartment rental in the Allisonville area of Indianapolis, IN is a 1 Bed unit found at Lake Castleton priced from $896. Williamsburg North has the second lowest priced unit, which is a 1 Bed apartment currently listed from $900. Here are the most affordable Allisonville apartments for rent in Indianapolis, IN:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Lake Castleton | Congressional | 1BR,1BA | $896 |
Williamsburg North | Ashland | 1BR,1BA | $900 |
Trails at Lakeside | Victoria | 1BR,1BA | $950 |
Best Value Apartments for Rent in Allisonville, IN
As of May 03, 2025 the best value apartment in the Allisonville area is the $1.13 price per square foot 2Bd/2Ba Up W/D Model at Ivy Knoll Apartments in the in the Roxbury neighborhood starting from $1,349. The second greatest value Allisonville apartment is the The Banyan Model at Castleton Manor Apartments starting at $1,060 with a $1.33 price per square foot in the Allisonville neighborhood. Here is today’s list of the best values for Allisonville apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Ivy Knoll Apartments | 2Bd/2Ba Up W/D | 2BR,2BA | $1.13 |
Castleton Manor Apartments | The Banyan | 1BR,1.5BA | $1.33 |
Williamsburg North | Ashland | 1BR,1BA | $1.14 |
Fountain Parc | The Wealth | 1BR,1BA | $1.65 |
TGM Autumn Woods | A2 | 1BR,1BA | $1.48 |
Chateau in the Woods | 1 Bd/1 Ba Sm ABY | 1BR,1BA | $1.47 |
TGM Shadeland Station | A1 | 1BR,1BA | $1.53 |
TGM Avalon Lake | A2 | 1BR,1BA | $1.76 |
A/62 | LePetit Luxe | 1BR,1BA | $1.70 |
Trails at Lakeside | Victoria | 1BR,1BA | $1.68 |
Getting Around the Allisonville Neighborhood in Indianapolis, IN
Walk Score®
52 / 100
Somewhat Walkable
Some errands can be accomplished on foot
Bike Score®
50 / 100
Bikeable
Some bike infrastructure
Transit Score®
18 / 100
Minimal Transit
It may be possible to get on a bus
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Allisonville Apartments
What is a cheap apartment in Allisonville?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Allisonville is under $1,191.
What is the price of a cheap apartment in Allisonville?
The cheapest apartment in Allisonville is Lake Castleton which is listed at $896, while the average apartment in Allisonville costs $1,700.
What types of apartments are the cheapest in Allisonville?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 7 regular apartments in Allisonville that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Allisonville?
Cheap apartments in Allisonville have an average cost of $161 which is $1,539 cheaper than the average rent for all rentals in Allisonville.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Indianapolis
Written by: Wendy Melton
Indianapolis is not only the state capital of Indiana, it’s also a shining example of what Midwestern living is all about. I’m Wendy, your ApartmentHomeLiving.

Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

Rise of Digital Nomads: Remote Work Tips for Apartment Renters
Written by: Brandie Parton
As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Written by: Christine Leonard, Esq.
Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.