1635 Cruft St
IndianapolisIN46203
Cheap Apartments for Rent in the University Heights Neighborhood of Indianapolis, IN from $400 (17 Rentals)
Search the lowest-cost Apartments available for rent right now in the University Heights area of Indianapolis.
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Rent Specials
from $699Studio to 2 Bedroom Apartments Available Now
Country Club Apartments
360 Sandra LnIndianapolis, IN 46227
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Rent Specials
from $7751 to 2 Bedroom Apartments Available Now
One Somerset Apartments
3761 S State AveIndianapolis, IN 46227
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from $799Studio to 2 Bedroom Apartments Available Now
Cherry Glen
2760 Cherry Glen WayIndianapolis, IN 46227
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1502 E Tabor St
IndianapolisIN46203
University Heights
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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2177-2179 S Delaware St
IndianapolisIN46225
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Showing Results 1-17, Page 1 of 1
University Heights, Indianapolis, IN Local Guide
Copyright CoStar Group, Inc
How much does it cost to rent an apartment in University Heights?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| University Heights Studio Apartments | $894 | $699 | $1,199 |
| University Heights 1 Bedroom Apartments | $1,021 | $435 | $1,499 |
| University Heights 2 Bedroom Apartments | $1,142 | $885 | $1,799 |
| University Heights 3 Bedroom Apartments | $1,379 | $1,030 | $2,647 |
| University Heights 4 Bedroom Apartments | $1,695 | $1,695 | $1,695 |
Browse Apartments in this Neighborhood
There are currently 17 rentals with your search options within a 2 mile radius of the University Heights Neighborhood of Indianapolis, IN.
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University Heights, Indianapolis, IN Local Guide
- Nearby Indianapolis neighborhoods
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Cheapest Available University Heights Apartments for Rent
The cheapest available apartment rental in the University Heights area of Indianapolis, IN is a Studio unit found at Country Club Apartments priced from $699. Stone Lake has the second lowest priced unit, which is a 1 Bed apartment currently listed from $700. Here are the most affordable University Heights apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Country Club Apartments | Studio | Studio,1BA | $699 |
| Stone Lake | 1X1 | 1BR,1BA | $700 |
| Cherry Glen | Studio | Studio,1BA | $799 |
| Capital Place | One Bedroom One Bath TH | 1BR,1BA | $810 |
| Sawmill Apartments | 1 Bed 1 Bath Small | 1BR,1BA | $849 |
Best Value Apartments for Rent in University Heights, IN
As of April 07, 2025 the best value apartment in the University Heights area is the $0.73 price per square foot 2608 Madison Ave Model at 2608 Madison Ave, Unit Madison in the in the Concord neighborhood starting from $1,600. The second greatest value University Heights apartment is the Townhome Model at Sherman Village starting at $1,150 with a $0.88 price per square foot in the Carson Heights neighborhood. Here is today’s list of the best values for University Heights apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 2608 Madison Ave, Unit Madison | 2608 Madison Ave | 3BR,2BA | $0.73 |
| Sherman Village | Townhome | 3BR,1.5BA | $0.88 |
| Strawbridge Green | Strawbridge | 2BR,1BA | $1.05 |
| Fox Club | Two Bedroom Two Bath | 2BR,2BA | $1.09 |
| Brookwood Apartments | Sycamore Two | 3BR,1.5BA | $1.33 |
| Capital Place | Two Bedroom One Bath TH | 2BR,1BA | $1.24 |
| Sawmill Apartments | 1 Bed 1 Bath Small | 1BR,1BA | $1.13 |
| One Somerset Apartments | 2 Bedroom 1 Bathroom | 2BR,1BA | $1.48 |
| Pine Glen | One Bedroom One Bath | 1BR,1BA | $1.22 |
| City Heights | 1A | 1BR,1BA | $1.44 |
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Lifestyle Ratings
Our team of engineers and researchers is happy to bring you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals in areas across the United States and customized analysis for South Indianapolis, IN. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including rankings of the best places for proximity to parks, luxury amenities, multifamily communities for the kids, raising pets, transit options, and other valuable search options. Find Lifestyle Search in the filter options (above). Happy Searching!
Getting Around the University Heights Neighborhood in Indianapolis, IN
Walk Score®
51 / 100
Somewhat Walkable
Some errands can be accomplished on foot
Bike Score®
43 / 100
Somewhat Bikeable
Minimal bike infrastructure
Transit Score®
34 / 100
Some Transit
A few nearby public transportation options
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 University Heights Apartments
What is a cheap apartment in University Heights?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in University Heights is under $1,005.
What is the price of a cheap apartment in University Heights?
The cheapest apartment in University Heights is Stone Lake which is listed at $700, while the average apartment in University Heights costs $1,695.
What types of apartments are the cheapest in University Heights?
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 11 regular apartments in University Heights 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 University Heights?
Cheap apartments in University Heights have an average cost of $121 which is $1,574 cheaper than the average rent for all rentals in University Heights.
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.
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.
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.