
Apartments for Rent in the Five Points Neighborhood of Indianapolis, IN Under $1,000 (5 Rentals)

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Park View at Beech Grove
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

Stonehenge
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
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Beech Meadow Apartments
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!

Beech Tree Glen Apartments
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 | $749 | $749 | $749 |
Five Points 1 Bedroom Apartments | $1,093 | $845 | $1,265 |
Five Points 2 Bedroom Apartments | $1,273 | $945 | $1,925 |
Five Points 3 Bedroom Apartments | $1,655 | $1,299 | $2,035 |
Five Points 4 Bedroom Apartments | $1,956 | $1,485 | $2,470 |
Browse Apartments in this Neighborhood
There are currently 5 rentals with your search options within a 2 mile radius of the Five Points Neighborhood of Indianapolis, IN.
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Five Points, Indianapolis, IN Local Guide
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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.
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 Five Points
What is the current price range for One Bedroom Five Points Apartments for rent?
Today's rental pricing for One Bedroom Apartments in Five Points ranges from $845 to $1,265 with an average monthly rent of $1,093.
What does renting a Two Bedroom Apartment in Five Points cost?
The monthly rent prices of Two Bedroom Apartments currently available in Five Points range from $945 to $1,925. Today's average rental price for Two Bedrooms here is $1,273.
How expensive are Five Points Three Bedroom Apartments?
There are currently 8 Three Bedroom Apartments listings available in Five Points on ApartmentHomeLiving.com. The pricing ranges from $1,299 to $2,035 - averaging $1,655 for the location.
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.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
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Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.