Cheap Apartments for Rent in the Highlands Neighborhood of Indianapolis, IN from $500 (15 Rentals)

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

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Whispering Pines
1 to 3 Bedroom Apartments

Whispering Pines

4444 Mission DrIndianapolis, IN 46254
  • Utilities Included

Highlands

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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The Stratford
Studio to 2 Bedroom Apartments

The Stratford

3201 Watergate RdIndianapolis, IN 46224
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Heather Ridge
1 to 3 Bedroom Apartments

Heather Ridge

3245 Heather Ridge DrIndianapolis, IN 46214
  • Utilities Included
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Brickyard Flats
1 to 3 Bedroom Apartments

Brickyard Flats

6363 Hollister DrSpeedway, IN 46224

Highlands, Indianapolis, IN Local Guide

Cheapest Available Highlands Apartments for Rent

 

The cheapest available apartment rental in the Highlands area of Indianapolis, IN is a Studio unit found at Cambridge Commons priced from $709. Scarborough Lake Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $748. Here are the most affordable Highlands apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Cambridge CommonsStudioStudio,1BA$709
Scarborough Lake ApartmentsThe Sand Dollar StudioStudio,1BA$748
Mariners VillageStudioStudio,1BA$748
Garden Pointe ApartmentsLily Studio UPStudio,1BA$775
The Life at Wood Springs1 BEDROOM | 1 BATHROOM A1BR,1BA$790

Best Value Apartments for Rent in Highlands, IN

As of April 07, 2025 the best value apartment in the Highlands area is the $1.31 price per square foot 3 BEDROOM | 2 BATHROOM A Model at The Life at Wood Springs in the in the Timberview neighborhood starting from $1,654. The second greatest value Highlands apartment is the Canadian Upgraded Model at EAGLE CHASE APARTMENTS starting at $1,512 with a $1.38 price per square foot in the Timberview neighborhood. Here is today’s list of the best values for Highlands apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Life at Wood Springs3 BEDROOM | 2 BATHROOM A3BR,2BA$1.31
EAGLE CHASE APARTMENTSCanadian Upgraded2BR,2BA$1.38
Pebble PointThe Escape2BR,2BA$1.21
Deercross ApartmentsDogwood1BR,1BA$1.35
Park at Eagle CreekOakleaf1BR,1BA$1.41
The Stratford1 Bedroom 1 Bathroom1BR,1BA$1.11
Aspen ChaseOne Bedroom One Bath1BR,1BA$1.36
The Woods of Eagle CreekThe Creek: One Bedroom Apartment1BR,1BA$1.39
Woodhaven ParkOne Bedroom One Bath1BR,1BA$1.30
Mariners VillageStudioStudio ,1BA$1.24

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Pet Friendly Lifestyle
Highlands, Indianapolis, IN

Ranked #75

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals and neighborhoods across the USA, including Highlands, Indianapolis, and the greater Indianapolis area. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including our Star Ratings to compare for convenient access to the outdoors, luxury amenities, pet-friendly features, multifamily communities for the kids, proximity to transit, and much more. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap Highlands Apartments

What is a cheap apartment in Highlands?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Highlands is under $926.

What is the price of a cheap apartment in Highlands?

The cheapest apartment in Highlands is The Life at Wood Springs which is listed at $790, while the average apartment in Highlands costs $2,017.

What types of apartments are the cheapest in Highlands?

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 14 regular apartments in Highlands 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 Highlands?

Cheap apartments in Highlands have an average cost of $312 which is $1,705 cheaper than the average rent for all rentals in Highlands.

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.

decorative image for A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Indianapolis article

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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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.

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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.