New Apartments for Rent in Indianapolis, IN Under $1,500 (116 Rentals)

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The Coil
Rent Specials
from $1,299Built in 2017Studio to 1 Bedroom Apartments Available Now

The Coil

6349 N College AveIndianapolis, IN 46220
Family Friendly
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Pinnex
Rent Specials
from $1,424Built in 2016Studio to 3 Bedroom Apartments Available Now

Pinnex

931 Fletcher AveIndianapolis, IN 46203
Transit Friendly
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AYR
Rent Specials
from $1,332Built in 2021Studio to 2 Bedroom Apartments Available Now

AYR

6160 N Rural StIndianapolis, IN 46220
Luxury
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946 MLK
Rent Specials
from $1,250Built in 20171 to 3 Bedroom Apartments Contact Us For Availability

946 MLK

946 Dr Martin Luther King Jr StIndianapolis, IN 46202
Furnished
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Garfield Parkside Townhomes
Rent Specials
from $1,409Built in 20233 Bedroom Apartments

Garfield Parkside Townhomes

401 E Southern AveIndianapolis, IN 46225
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The Delaware Apartments
Rent Specials
from $1,350Built in 20161 to 2 Bedroom Apartments

The Delaware Apartments

2205 N Delaware StIndianapolis, IN 46205
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Showing Results 1-50, Page 1 of 3

Indianapolis, IN Local Guide

Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Getting Around Indianapolis, IN

Walk Score®

50 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

53 / 100

Bikeable

Some bike infrastructure

Transit Score®

29 / 100

Some Transit

A few nearby public transportation options

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 New Indianapolis Apartments

What is the Cheapest New apartment in Indianapolis?

Currently the most affordable New Apartment in Indianapolis is at Vivio on 10th listed at $609.

How much is the average rent for a New Indianapolis Apartment?

The average rent for a New Apartment in Indianapolis is $1,884.

What is the largest New Indianapolis Apartment for rent?

Today's New apartment with the most square footage in Indianapolis is a 2,065 square feet unit starting from $1,289 at The Grounds.

What is the average size for Indianapolis New Apartments for rent?

The average size for a New rental in Indianapolis is currently at 664 sq ft.

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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Signing Your Apartment Lease: The Basics

Written by: Trey Huguley

When you're about to sign a lease for the first time, it can feel a bit overwhelming. You don’t want to miss any important details hidden in the fine print.

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What to Know About Fees and Fines When Renting

Written by: Trey Huguley

When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

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Real Estate Term Glossary: Your Guide to The A to Zs of Renting

Written by: Kevin Ready

Navigating the world of real estate can reveal an abundance of terminology and phrasing around the topics of renting and buying that for some may seem like a brand-new language.

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Navigating the World of Low-Income Housing: A Comprehensive Guide

Written by: Kevin Ready

Are you having difficulty keeping up with bills or paying the rent? If so, you are not alone. Many families struggle to keep up with rents that have increased up to 40% in the past decade.