Cheap Apartments for Rent in the University Heights Neighborhood of Indianapolis, IN from $400 (14 Rentals)

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

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Crossroads at Madison
Studio to 2 Bedroom Apartments

Crossroads at Madison

4725 Madison AveIndianapolis, IN 46227
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Rosedale Hills
Studio to 3 Bedroom Apartments

Rosedale Hills

2139 E Hanna AveIndianapolis, IN 46227
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Red Maple Grove
1 to 4 Bedroom Apartments

Red Maple Grove

2901 E Tabor StIndianapolis, IN 46203
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Garfield Place
2 Bedroom Apartments

Garfield Place

2236 Ransdell StIndianapolis, IN 46225
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Stone Lake
1 to 2 Bedroom Apartments

Stone Lake

2913 E Hanna AveIndianapolis, IN 46227
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Francis Apartments
1 to 2 Bedroom Apartments

Francis Apartments

1819 Main StBeech Grove, IN 46107
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University Heights, Indianapolis, IN Local Guide

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 $700. Capital Place has the second lowest priced unit, which is a 1 Bed apartment currently listed from $810. Here are the most affordable University Heights apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Stone Lake1X11BR,1BA$700
Capital PlaceOne Bedroom One Bath TH1BR,1BA$810
Welcome to Dawson Village – Welcome Home!2 BR/1 BA - FLATS2BR,1BA$829
SpicewoodOne Bed One Bath1BR,1BA$849
Sawmill Apartments1 Bed 1 Bath Small1BR,1BA$849

Best Value Apartments for Rent in University Heights, IN

As of February 24, 2025 the best value apartment in the University Heights area is the $1.21 price per square foot Two Bedroom One Bath w/Den Model at Capital Place in the in the Concord neighborhood starting from $1,040. The second greatest value University Heights apartment is the Emerson Model at Strawbridge Green starting at $900 with a $1.07 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Capital PlaceTwo Bedroom One Bath w/Den2BR,1BA$1.21
Strawbridge GreenEmerson2BR,1BA$1.07
Fox ClubOne Bedroom One Bath1BR,1BA$1.12
Pine GlenTwo Bedroom One Bath2BR,1BA$1.37
Brookwood ApartmentsEvergreen Three1BR,1BA$1.30
One Somerset Apartments2 Bedroom 1 Bathroom2BR,1BA$1.48
Sherman VillageGarden Apt1BR,1BA$1.28
Welcome to Dawson Village – Welcome Home!2BR/1BA FLAT REMODEL2BR,1BA$1.43
Sawmill Apartments1 Bed 1 Bath Small1BR,1BA$1.31
SpicewoodOne Bed One Bath1BR,1BA$1.47

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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

Frequently Asked Questions about Cheap University Heights Apartments

What is the Cheapest Studio apartment in University Heights?

Currently the most affordable Cheap Studio Apartment in University Heights is at Parc Bordeaux Apartments listed at $850.

How much is rent for a Cheap One Bedroom University Heights Apartment?

The lowest price for a Cheap One Bedroom University Heights Apartment is $700 at Stone Lake.

What is the lowest price for a Cheap Two Bedroom University Heights Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in University Heights is starting from $800 at Stone Lake.

What is the most affordable University Heights Three Bedroom Apartment?

The best deal on a cheap University Heights Three Bedroom Apartment rental is at Strawbridge Green and starts from $1,010.

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.

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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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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.

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How Your Move-In Inspection Can Protect Your Security Deposit

Written by: Christine Leonard, Esq.

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Signing Your Apartment Lease: The Basics

Written by: Trey Huguley

When you're about to sign a lease for the first time, it can feel a bit overwhelming. You don’t want to miss any important details hidden in the fine print.