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Apartments Under $500 in Indianapolis, IN

1 - 8 of 8 Results
25
$458
The Enclave At Meridian Apartments
3.2
3777 N Meridian St Indianapolis, IN
Studio | Available Now
Contact
Income Restricted
Fitness Center
Dishwasher
6
$495 - 500
Central State Mansion
202 Steeples Blvd Indianapolis, IN
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
4
$300
1635 Draper St
Indianapolis, IN
Studio | Available Now
Contact
12
$ Ask - 863
Scarborough Lake Apartments
6430 Maidstone Road Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Fitness Center
Pool
19
$ Ask - 1,689
Country Lake Townhomes
2910 A White Knight Blvd Indianapolis, IN
2 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Townhome
Air Conditioning
Balcony/Deck/Patio
9
$ Ask - 1,230
Madison Lofts
1430 & 1420 Madison Ave. Indianapolis, IN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
In Unit Laundry
Balcony/Deck/Patio
29
$ Ask - 950
Duke Manor
311 S Lasalle St Santa Barbara, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
In Unit Laundry
Fitness Center
12
3D Tour
$449 - 489
Lakeside Point At Nora
Deal
9000 N College Avenue Indianapolis, IN
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
Balcony/Deck/Patio
Pool
1 - 8 of 8 Results
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Frequently Asked Questions

How many apartments under $500 are available in Indianapolis, IN on Rentable.co?

There are 8 apartments under $500 in Indianapolis currently available for rent on Rentable.co.

How many studio apartments under $500 are available in Indianapolis?

Rentable.co has 136 studio apartments under $500 available for rent in Indianapolis.

How many one-bedroom apartments under $500 are available in Indianapolis?

Rentable.co has 233 one-bedroom apartments under $500 available for rent in Indianapolis.

How many two-bedroom apartments under $500 are available in Indianapolis?

Rentable.co has 412 two-bedroom apartments under $500 available for rent in Indianapolis.

Can I afford a apartment under $500 in Indianapolis, IN?

To comfortably afford a apartment under $500 in Indianapolis based on average rent prices, a household would need an annual income of $20,000.

Which neighborhoods have the most apartments under $500 for rent in Indianapolis, IN?

  1. Upper Canal
  2. Downtown Indianapolis
  3. Woodruff Place
  4. Herron Morton
  5. Fletcher Place

Apartments Under $500 in Indianapolis, IN: April Rental Information

Welcome to the April 2024 Indianapolis Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the April 2024 key findings and figures for the Indianapolis rental landscape.

Our experts analyze the inventory trends for apartments under $500 — overall market rent-distribution, availability by bedroom count, and month-over-month comparisons — in Indianapolis and surrounding areas. This summary also provides insight into available features and amenities, as well as location options for apartments under $500 in Indianapolis.

If you're searching for an affordable apartment in Indianapolis, this report will provide you with valuable information and help you make an informed decision. Whether you're a student looking for a budget-friendly studio near a university or a young professional seeking an affordable one-bedroom in a vibrant neighborhood, the Rentable Apartment Report has got you covered. Stay tuned for the latest data and trends in the Indianapolis rental market.
0 20 40 60 80 <$700 $740 $820 $900 $980 $1,060 $1,140 $1,220 $1,300 $1,380 $1,460 $1,540 >$1,620
This month, the typical cost to rent a one-bedroom apartment in Indianapolis stands at $1,000, with the majority falling between $670 and $1,590. Out of the 7,333 one-bedroom apartments currently on the market in Indianapolis, 5 are priced below $500, accounting for 0% of the total available one-bedroom units in Indianapolis.

Available Apartments Under $500: Indianapolis vs. Surrounding Areas

Indianapolis, IN
Greenwood, IN
38
3
Welcome to Rentable's "Apartments Under $500 in Indianapolis, IN" page. Here, you can find a comprehensive overview of the availability and rent prices of apartments in Indianapolis, IN, and the surrounding areas. As of April 2024, the chart above displays the number of available apartments priced under $500 in Indianapolis, IN, as well as the neighboring cities of Westfield, Speedway, Whiteland, Cumberland, Avon, Danville, Plainfield, McCordsville, Meridian Hills, Brownsburg, Fishers, Carmel, Noblesville, Greenfield, Lawrence, Greenwood, Lebanon, Bargersville, Camby, Cicero, North Salem, Whitestown, Zionsville, Fortville, Ingalls, Hendricks, Beech Grove, Pittsboro, and New Palestine. In the entire Indianapolis, IN metro area, there are a total of 51 apartments currently available within this price range.

Apartments Under $500 Now vs. Last Month: Indianapolis and Surrounding Areas

City Apartments Under $500 in April M/M % Change
Indianapolis, IN 38 +1.02%
Greenwood, IN 3 +1.0%
Lebanon, IN 2 +1.0%
Noblesville, IN 2 +1.11%
Avon, IN 1 +1.0%
Plainfield, IN 1 +1.0%
McCordsville, IN 1 +1.0%
Greenfield, IN 1 +1.0%
Brownsburg, IN 1 +1.0%
Carmel, IN 1 +1.0%

Looking for Apartments Under $500 in Indianapolis?

Available apartments under $500 1,169
Top amenities Dishwasher, On Site Laundry, Refrigerator, Garbage Disposal, Range / Oven
Deals 3
Pet friendly 64
Utilities included 3
Studio 46
1 Bedroom 29
2 Bedroom 33

Where are Indianapolis Apartments Under $500?

Top Neighborhoods Upper canal, Downtown indianapolis, Woodruff place, Herron morton, Fletcher place
Upper Canal 3
Downtown Indianapolis 1
Woodruff Place 1
Herron Morton 1
Fletcher Place 1
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