
Cheap Apartments for Rent in the Boulders Neighborhood of Indianapolis, IN from $400 (17 Rentals)
Search the lowest-cost Apartments available for rent right now in the Boulders area of Indianapolis.


Cherry Glen

Sherbrook

Churchman Woods

Sawmill Apartments

Parc Bordeaux Apartments

Park View at Beech Grove

Greentree Apartments
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.
Boulders - 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!

742 Loews Blvd
Boulders, Indianapolis, IN Local Guide

How much does it cost to rent an apartment in Boulders?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Boulders Studio Apartments | $1,023 | $799 | $1,675 |
Boulders 1 Bedroom Apartments | $1,236 | $455 | $3,588 |
Boulders 2 Bedroom Apartments | $1,424 | $940 | $2,719 |
Boulders 3 Bedroom Apartments | $1,752 | $1,055 | $3,973 |
Boulders 4 Bedroom Apartments | $1,800 | $1,485 | $2,515 |
Browse Apartments in this Neighborhood
There are currently 17 rentals with your search options within a 3 mile radius of the Boulders Neighborhood of Indianapolis, IN.
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Boulders, Indianapolis, IN Local Guide
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Cheapest Available Boulders Apartments for Rent
 The cheapest available apartment rental in the Boulders area of Indianapolis, IN is a 1 Bed unit found at Stone Lake priced from $700. Windsor Court has the second lowest priced unit, which is a 1 Bed apartment currently listed from $784. Here are the most affordable Boulders apartments for rent in Indianapolis, IN:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Stone Lake | 1X1 | 1BR,1BA | $700 |
Windsor Court | Standard One Bedroom (SN4) | 1BR,1BA | $784 |
Cherry Glen | Studio | Studio,1BA | $799 |
South & Madison | E2 | Studio,1BA | $840 |
Sawmill Apartments | 1 Bed 1 Bath Small | 1BR,1BA | $849 |
Best Value Apartments for Rent in Boulders, IN
As of April 21, 2025 the best value apartment in the Boulders area is the $1.00 price per square foot Townhome Model at Sherman Village in the in the Carson Heights neighborhood starting from $1,300. The second greatest value Boulders apartment is the Strawbridge Model at Strawbridge Green starting at $1,070 with a $1.05 price per square foot in the Carson Heights neighborhood. Here is today’s list of the best values for Boulders apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Sherman Village | Townhome | 3BR,1.5BA | $1.00 |
Strawbridge Green | Strawbridge | 2BR,1BA | $1.05 |
Oak Park | Timber | 2BR,1BA | $1.11 |
Fox Club | Two Bedroom Two Bath | 2BR,2BA | $1.13 |
Keeneland Crest Apartments | Camden | 2BR,1BA | $1.11 |
Berkley Commons | Two Bedroom 1.5 Bath TH | 2BR,1.5BA | $1.27 |
The Sterling | The Remington | 2BR,1BA | $1.22 |
Beech Meadow Apartments | Birch | 1BR,1BA | $1.34 |
South & Madison | A1 | 1BR,1BA | $1.27 |
Sawmill Apartments | 1 Bed 1 Bath Small | 1BR,1BA | $1.31 |
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.
Pet Friendly LifestyleBoulders, Indianapolis, IN
Ranked #27
Among neighborhoods in Indianapolis, IN for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Boulders, Indianapolis, IN
Arlington Elementary School
Franklin Township Middle School West
School data provided by Great Schools
Frequently Asked Questions about Cheap Boulders Apartments
What is a cheap apartment in Boulders?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Boulders is under $1,015.
What is the price of a cheap apartment in Boulders?
The cheapest apartment in Boulders is Stone Lake which is listed at $700, while the average apartment in Boulders costs $1,657.
What types of apartments are the cheapest in Boulders?
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 3 regular apartments in Boulders 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 Boulders?
Cheap apartments in Boulders have an average cost of $422 which is $1,235 cheaper than the average rent for all rentals in Boulders.
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.

Understanding Amenity Fees: Know Where You Might Be Able to Save Money
Written by: Amber Kanuckel
With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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.

Renting Smart: Lease Basics Every Renter Needs
Written by: Christine Leonard, Esq.
Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.