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Cheap Apartments for Rent in the Five Points Neighborhood of Indianapolis, IN from $700 (10 Rentals)
Search the lowest-cost Apartments available for rent right now in the Five Points area of Indianapolis.
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from $1,1401 to 3 Bedroom Apartments Available Now
The 85Twenty
8520 Sierra Ridge DrIndianapolis, IN 46239
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from $9891 to 2 Bedroom Apartments Available Now
Emerson Village
5140 Emerson Village PlIndianapolis, IN 46237
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from $8451 to 2 Bedroom Apartments Available Apr 30
Churchman Woods
5350 Churchman AveIndianapolis, IN 46203
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from $8911 to 4 Bedroom Apartments Contact Us For Availability
Park View at Beech Grove
3641 Dandelion AveIndianapolis, IN 46203
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.
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from $1,9252 to 3 Bedroom Apartments Available Now
Coventry Park Village
5500 S Emerson AveIndianapolis, IN 46237
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Rent Specials
from $9501 to 4 Bedroom Apartments Available Now
Beech Meadow Apartments
147 Diplomat CtBeech Grove, IN 46107
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from $1,0521 to 2 Bedroom Apartments Contact Us For Availability
The Brixton
4929 Red Robin DrBeech Grove, IN 46107
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from $1,0742 Bedroom Apartments Available Jun 13
Beech Tree Glen Apartments
240 Grovewood PlBeech Grove, IN 46107
Five Points - 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!
Showing Results 1-10, Page 1 of 1
Five Points, Indianapolis, IN Local Guide
How much does it cost to rent an apartment in Five Points?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Five Points Studio Apartments | $799 | $799 | $799 |
| Five Points 1 Bedroom Apartments | $1,092 | $845 | $1,265 |
| Five Points 2 Bedroom Apartments | $1,284 | $945 | $1,925 |
| Five Points 3 Bedroom Apartments | $1,619 | $1,299 | $2,110 |
| Five Points 4 Bedroom Apartments | $1,812 | $1,485 | $2,249 |
Browse Apartments in this Neighborhood
There are currently 10 rentals with your search options within a 2 mile radius of the Five Points Neighborhood of Indianapolis, IN.
See all Apartments in IndianapolisExplore Indianapolis
Five Points, Indianapolis, IN Local Guide
- Nearby Indianapolis neighborhoods
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Cheapest Available Five Points Apartments for Rent
The cheapest available apartment rental in the Five Points area of Indianapolis, IN is a Studio unit found at Stonehenge priced from $799. Beech Meadow Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $950. Here are the most affordable Five Points apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Stonehenge | Studio | Studio,1BA | $799 |
| Beech Meadow Apartments | Birch | 1BR,1BA | $950 |
| Emerson Village | The Cardinal - Premium | 1BR,1BA | $989 |
Best Value Apartments for Rent in Five Points, IN
As of April 29, 2025 the best value apartment in the Five Points area is the $1.44 price per square foot 2 Bedroom 2.5 Bath Townhome Model at Coventry Park Village in the in the Southeast Indianapolis neighborhood starting from $1,925. The second greatest value Five Points apartment is the Elm Model at Beech Meadow Apartments starting at $1,306 with a $1.28 price per square foot in the Southeast Indianapolis neighborhood. Here is today’s list of the best values for Five Points apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Coventry Park Village | 2 Bedroom 2.5 Bath Townhome | 2BR,2.5BA | $1.44 |
| Beech Meadow Apartments | Elm | 3BR,1.5BA | $1.28 |
| The 85Twenty | A1-LR | 1BR,1BA | $1.57 |
| Indy 7925 | A1R- 1x1 | 1BR,1BA | $1.70 |
| Emerson Village | The Cardinal - Premium | 1BR,1BA | $1.62 |
| Stonehenge | Studio | Studio ,1BA | $2.77 |
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Pet Friendly LifestyleFive Points, Indianapolis, IN
Ranked #153
Among neighborhoods in Indianapolis, IN for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Getting Around the Five Points Neighborhood in Indianapolis, IN
Walk Score®
19 / 100
Car-Dependent
Almost all errands require a car
Bike Score®
36 / 100
Somewhat Bikeable
Minimal bike infrastructure
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 Five Points Apartments
How much is rent for a Cheap One Bedroom Five Points Apartment?
The lowest price for a Cheap One Bedroom Five Points Apartment is $950 at Beech Meadow Apartments.
What is the lowest price for a Cheap Two Bedroom Five Points Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Five Points is starting from $1,025 at Beech Meadow Apartments.
What is the most affordable Five Points Three Bedroom Apartment?
The best deal on a cheap Five Points Three Bedroom Apartment rental is at Beech Meadow Apartments and starts from $1,299.
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.
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.