2862 Wolfgang Dr
IndianapolisIN46239
Cheap Homes for Rent in Five Points Neighborhood of Indianapolis, IN from $1,600 (12 Rentals)
Search the lowest-cost Homes available for rent right now in the Five Points area of Indianapolis.
7918 States Bend Ln
IndianapolisIN46239
7918 States Bend Ln
IndianapolisIN46239
2869 Ludwig Dr
IndianapolisIN46239
3739 Whistlewood Ln
IndianapolisIN46239
8025 Amadeus Dr
IndianapolisIN46239
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.
3531 Cork Bend Dr
IndianapolisIN46239
8112 Wildwood Farms Dr
IndianapolisIN46239
8116 Wildwood Farms Dr
IndianapolisIN46239
8002 States Bend Dr
IndianapolisIN46239
3340 Cork Bend Dr
IndianapolisIN46239
3515 Brandenburg Blvd
IndianapolisIN46239
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 1-12, Page 1 of 1
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 | $1,925 | $1,685 | $2,075 |
| Five Points 4 Bedroom Homes for Rent | $2,031 | $1,890 | $2,135 |
Browse Homes for Rent in this Neighborhood
There are currently 12 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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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 | $1,012 |
| Indy 7925 | A1- 1x1 | 1BR,1BA | $1,075 |
| The 85Twenty | A1-LR | 1BR,1BA | $1,265 |
Best Value Apartments for Rent in Five Points, IN
As of April 28, 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 Hickory Model at Beech Meadow Apartments starting at $1,110 with a $1.34 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 | Hickory | 2BR,1BA | $1.34 |
| The 85Twenty | A1-LR | 1BR,1BA | $1.57 |
| Indy 7925 | A1- 1x1 | 1BR,1BA | $1.52 |
| Emerson Village | The Cardinal - Premium | 1BR,1BA | $1.65 |
| Stonehenge | Studio | Studio ,1BA | $2.77 |
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Frequently Asked Questions about Five Points
What type of rentals are currently available in Five Points?
There are currently 11 Apartments for Rent in Five Points, IN with pricing that ranges from $799 to $2,249. There are also 19 Single Family Homes for rent, Condos, and Townhome rentals currently available in Five Points ranging from $1,685 to $2,135.
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 $1,685 to $2,135 with an average monthly rent of $1,978.
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 $1,299 to $2,110, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,685 to $2,075. Four Bedroom Single-Family rentals are also available starting from $1,890 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.
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.