3257 Blue Ash Ln
IndianapolisIN46239
Cheap Homes for Rent in Five Points Neighborhood of Indianapolis, IN from $1,400 (1 Rental)
Search the lowest-cost Homes available for rent right now in the Five Points area of Indianapolis.
Five Points
Named as one of the Best Affordable Neighborhoods to rent in Indianapolis by our Local Expert Wendy Melton. See how it ranks!
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Five Points, Indianapolis, IN Local Guide
How much does it cost to rent a home in Five Points?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Five Points 3 Bedroom Homes for Rent | $1,760 | $1,485 | $2,055 |
| Five Points 4 Bedroom Homes for Rent | $1,955 | $1,840 | $2,090 |
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Five Points, Indianapolis, IN Local Guide
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Best Value Apartments for Rent in Five Points, IN
As of March 22, 2025 the best value apartment in the Five Points area is the $0.78 price per square foot 3509 Brandenburg Blvd Model at 3509 Brandenburg Blvd in the in the Southeast Indianapolis neighborhood starting from $2,219. The second greatest value Five Points apartment is the 3058 Arrowroot Way Model at 3058 Arrowroot Way starting at $1,719 with a $0.96 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. |
|---|---|---|---|
| 3509 Brandenburg Blvd | 3509 Brandenburg Blvd | 5BR,2BA | $0.78 |
| 3058 Arrowroot Way | 3058 Arrowroot Way | 3BR,2BA | $0.96 |
| 8045 Bach Dr | 8045 Bach Dr | 3BR,2.5BA | $1.03 |
| Coventry Park Village | 3 Bedroom 2.5 Bath Townhome | 3BR,2.5BA | $1.27 |
| 8112 Wildwood Farms Dr | 8112 Wildwood Farms Dr | 4BR,2.5BA | $1.15 |
| 8123 Grove Berry Dr | 8123 Grove Berry Dr | 3BR,2BA | $1.37 |
| Beech Meadow Apartments | Birch | 1BR,1BA | $1.34 |
| Emerson Village | The Cardinal - Premium | 1BR,1BA | $1.64 |
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Frequently Asked Questions about Five Points
What type of rentals are currently available in Five Points?
There are currently 17 Apartments for Rent in Five Points, IN with pricing that ranges from $799 to $2,095. There are also 14 Single Family Homes for rent, Condos, and Townhome rentals currently available in Five Points ranging from $1,485 to $2,090.
What is the current price range for Rental Homes in Five Points?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Five Points ranges from $1,485 to $2,090 with an average monthly rent of $1,857.
How much are larger Three and Four Bedroom Rentals in Five Points?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Five Points range from $1,330 to $2,095, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,485 to $2,055. Four Bedroom Single-Family rentals are also available starting from $1,840 and Four Bedroom Apartments start at $1,485.
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.
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.
Battling the Butts: Your Guide to the Reality of Smoke-Free Renting
Written by: Andrea Lee Negroni, JD
While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.