1635 Cruft St
IndianapolisIN46203
Cheap Apartments for Rent in the University Heights Neighborhood of Indianapolis, IN from $400 (16 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 $799Studio to 2 Bedroom Apartments Available Now
Cherry Glen
2760 Cherry Glen WayIndianapolis, IN 46227
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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.
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2179 S Delaware St
IndianapolisIN46225
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2340 Calhoun St
IndianapolisIN46203
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University Heights - 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 1-16, 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 | $888 | $699 | $1,199 |
| University Heights 1 Bedroom Apartments | $1,020 | $475 | $1,499 |
| University Heights 2 Bedroom Apartments | $1,147 | $899 | $1,799 |
| University Heights 3 Bedroom Apartments | $1,414 | $1,030 | $2,600 |
| University Heights 4 Bedroom Apartments | $1,695 | $1,695 | $1,695 |
Browse Apartments in this Neighborhood
There are currently 16 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
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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 1 Bed unit found at Stone Lake priced from $650. Country Club Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $699. Here are the most affordable University Heights apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Stone Lake | 1X1 | 1BR,1BA | $650 |
| Country Club Apartments | Studio | Studio,1BA | $699 |
| Cherry Glen | Studio | Studio,1BA | $799 |
| Capital Place | One Bedroom One Bath TH | 1BR,1BA | $840 |
| Sawmill Apartments | 1 Bed 1 Bath Small | 1BR,1BA | $849 |
Best Value Apartments for Rent in University Heights, IN
As of April 30, 2025 the best value apartment in the University Heights area is the $1.00 price per square foot Townhome Model at Sherman Village in the in the Carson Heights neighborhood starting from $1,300. The second greatest value University Heights apartment is the Cambridge Model at Hanna Village Apartments starting at $1,499 with a $1.36 price per square foot in the Concord 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. |
|---|---|---|---|
| Sherman Village | Townhome | 3BR,1.5BA | $1.00 |
| Hanna Village Apartments | Cambridge | 3BR,2BA | $1.36 |
| Fox Club | Two Bedroom 1.5 Bath | 2BR,1.5BA | $1.23 |
| Brookwood Apartments | Sycamore Two | 3BR,1.5BA | $1.38 |
| Welcome to Dawson Village – Welcome Home! | 2 BR/1 BA - Renovated Townhome | 2BR,1BA | $1.22 |
| Strawbridge Green | Emerson | 2BR,1BA | $1.15 |
| Pine Glen | Two Bedroom One Bath | 2BR,1BA | $1.37 |
| Sawmill Apartments | 1 Bed 1 Bath Small | 1BR,1BA | $1.13 |
| City Heights | 1A | 1BR,1BA | $1.44 |
| Capital Place | One Bedroom One Bath | 1BR,1BA | $1.38 |
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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 $974.
What is the price of a cheap apartment in University Heights?
The cheapest apartment in University Heights is Stone Lake which is listed at $650, 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 14 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 $120 which is $1,575 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.
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.