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

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Cheap Apartments in the Allisonville area of Indianapolis.

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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!

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 ListingModel NameBed/BathPriced From
Lake CastletonCongressional1BR,1BA$896
Williamsburg NorthAshland1BR,1BA$900
Trails at LakesideVictoria1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Ivy Knoll Apartments2Bd/2Ba Up W/D2BR,2BA$1.13
Castleton Manor ApartmentsThe Banyan1BR,1.5BA$1.33
Williamsburg NorthAshland1BR,1BA$1.14
Fountain ParcThe Wealth1BR,1BA$1.65
TGM Autumn WoodsA21BR,1BA$1.48
Chateau in the Woods1 Bd/1 Ba Sm ABY1BR,1BA$1.47
TGM Shadeland StationA11BR,1BA$1.53
TGM Avalon LakeA21BR,1BA$1.76
A/62LePetit Luxe1BR,1BA$1.70
Trails at LakesideVictoria1BR,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

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.

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