Cheap Apartments for Rent in the Boulders Neighborhood of Indianapolis, IN from $400 (17 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Boulders area of Indianapolis.

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Rosedale Hills
Studio to 3 Bedroom Apartments

Rosedale Hills

2139 E Hanna AveIndianapolis, IN 46227
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Stone Lake
1 to 2 Bedroom Apartments

Stone Lake

2913 E Hanna AveIndianapolis, IN 46227
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Windsor Court
1 to 2 Bedroom Apartments

Windsor Court

7302 Queen Anne CtIndianapolis, IN 46227
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Encore Apartments
Studio to 1 Bedroom Apartments

Encore Apartments

8035 Preidt PlIndianapolis, IN 46237
  • Utilities Included
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South & Madison
Studio to 3 Bedroom Apartments

South & Madison

1819 Madison Village DrIndianapolis, IN 46227
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Crestwood Village South
Studio to 2 Bedroom Apartments

Crestwood Village South

8809 Madison AveIndianapolis, IN 46227
Senior Living
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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!

property at 742 Loews Blvd

742 Loews Blvd

GreenwoodIN46142

Boulders, Indianapolis, IN Local Guide

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 ListingModel NameBed/BathPriced From
Stone Lake1X11BR,1BA$700
Windsor CourtStandard One Bedroom (SN4)1BR,1BA$784
Cherry GlenStudioStudio,1BA$799
South & MadisonE2Studio,1BA$840
Sawmill Apartments1 Bed 1 Bath Small1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Sherman VillageTownhome3BR,1.5BA$1.00
Strawbridge GreenStrawbridge2BR,1BA$1.05
Oak ParkTimber2BR,1BA$1.11
Fox ClubTwo Bedroom Two Bath2BR,2BA$1.13
Keeneland Crest ApartmentsCamden2BR,1BA$1.11
Berkley CommonsTwo Bedroom 1.5 Bath TH2BR,1.5BA$1.27
The SterlingThe Remington2BR,1BA$1.22
Beech Meadow ApartmentsBirch1BR,1BA$1.34
South & MadisonA11BR,1BA$1.27
Sawmill Apartments1 Bed 1 Bath Small1BR,1BA$1.31

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Pet Friendly Lifestyle
Boulders, Indianapolis, IN

Ranked #27

Among neighborhoods in Indianapolis, IN for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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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.

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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.

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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.

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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.

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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.