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Houses For Rent Under $1,300 in Indianapolis, IN

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191 Perfect Matches

Average Rent in Indianapolis, IN

Avg. RentAnnual Change
Indianapolis Studio - $1,169-2%
Indianapolis 1 Bed - $1,221+4%
Indianapolis 2 Beds - $1,409+5%
Last updated 6/22/2024

Local Guide

See what Indianapolis, IN has to offer.

Local Reviews

I like the locked entry way to our apartments. We live close to a lot of different resaurants and stores

I like all the trees and that people can walk their dogs in the street. I like that the neighborhood is well lit and people usually have extra garage lights and yard lights on.

It is unique because it has the best schools and grocery stores, restaurants and pharmacies. My favorite restaurant/bar is literally walking distance from my apartment. I like going to the bar and the restaurants that are in the area.

It's close to broadripple and down town for food and drinks. I like the options in the area. Target is close by.

On the upside, I am close to dollar stores and a grocery store. Thee are 4 churches in my street. I live above a bar. My landlord lives on -sire.

My neighborhood is unique with the variety of different cultures. My house is an 8 minute walk to my favorite Mexican restaurant. I like going to the nearby bar & grill to meet up with some of my close friends.

Affordability

Percentage: 3/53/5

Renters gave this area a 3 out of 5 for affordability

Last updated 6/22/2024

*The rent information included in this summary is based on a median calculation of multifamily rental property inventory on Apartment Guide and Rent.com over the past 12-months and is for illustrative purposes only. This information does not constitute a pricing guarantee or financial advice related to the rental market.

Rent Trends

Average rent in Indianapolis, IN

In Indianapolis, IN, as of 2024, the average rent for apartments ranges from $1,169 to $1,409. Specifically, the average rent for a studio apartment in Indianapolis, IN is $1,169. For those seeking a 1-bedroom apartments, the average rent is $1,221. And for a 2-bedroom apartment, renters can expect to pay an average of $1,409.

Annual Rent Change Over the Past 12 Months

Studio

-2%

Changed from $1,193 to $1,169
1 Bed

+4%

Changed from $1,174 to $1,221
2 Beds

+5%

Changed from $1,342 to $1,409
Last updated 6/22/2024

Rent Ranges

Apartment PricesProportion
3%
13%
24%
43%
17%

Compare Other Cities

CityStudio Avg RentAnnual Change
Fishers$1,305+8%
Carmel$1,235+12%
Bloomington$1,229+6%
Indianapolis$1,169-2%
Brownsburg$1,160-6%
Noblesville$1,097-1%
Crawfordsville$1,095+39%
Westfield$1,085-1%
Greenwood$926-19%
Lebanon$850--
Mooresville$775--
Columbus$730+5%
Kokomo$715+8%
Anderson$4620%
City1 Bed Avg RentAnnual Change
Carmel$1,615+4%
Westfield$1,506+6%
Zionsville$1,462-3%
Noblesville$1,349+2%
Avon$1,280-2%
Bloomington$1,252+6%
Brownsburg$1,235-18%
Indianapolis$1,221+4%
Columbus$1,201+1%
Fishers$1,180-25%
Danville$1,150-9%
Greenwood$1,132-9%
Greenfield$1,059-6%
Lebanon$975+17%
Martinsville$929+13%
Kokomo$890+11%
New Castle$871+5%
Mooresville$870--
Shelbyville$8110%
Anderson$779+5%
Crawfordsville$600-20%
Frankfort$600--
City2 Beds Avg RentAnnual Change
Carmel$2,034+6%
Westfield$1,794+6%
Zionsville$1,735-7%
Avon$1,566-2%
Bloomington$1,500+12%
Brownsburg$1,434-20%
Fishers$1,427-31%
Indianapolis$1,409+5%
Noblesville$1,381-3%
Columbus$1,375+6%
Greenwood$1,357-13%
Danville$1,313-11%
Greenfield$1,215-6%
Frankfort$1,200--
Crawfordsville$1,095+10%
Lebanon$1,089+10%
Martinsville$1,075+10%
Kokomo$1,022+11%
Mooresville$980--
Shelbyville$966+1%
Anderson$962+12%
New Castle$934+6%

Compare Neighborhoods

Chapel Hill - Ben Davis

$574

1 Bed Avg. Rent

Herron - Morton Place

$649

1 Bed Avg. Rent

Martindale - Brightwood

$675

1 Bed Avg. Rent

What are the most affordable neighborhoods in Indianapolis, IN?

For renters in Indianapolis seeking more affordable options, the neighborhoods to watch are Chapel Hill - Ben Davis, Herron - Morton Place, and Martindale - Brightwood, where average rents for 1-bedroom apartments stand at $574, $649, and $675 respectively. Additional areas offering value are Near Southeast and Irvington, where the rents are $729 and $729, a favorable comparison to Indianapolis's overall 1-bedroom average of $1,221.

What are the most expensive neighborhoods in Indianapolis, IN?

In Indianapolis, the neighborhoods commanding the highest rents are Meridian Kessler, Broad Ripple Village, and Fountain Square. A 1-bedroom apartment in Meridian Kessler averages at $2,020, in Broad Ripple Village it averages $1,749, and in Fountain Square, the average is $1,633. For additional high-end living options, Fletcher Place offers 1-bedroom apartments at $1,565, and I65-South Emerson at $1,500. These rates compare to the overall average rent of $1,221 for a 1-bedroom apartment in Indianapolis, highlighting the premium nature of these specific neighborhoods.

What are the most popular neighborhoods in Indianapolis, IN?

In Indianapolis, the most sought-after neighborhoods for renters include Near Eastside, Near Northside, and Martindale - Brightwood. In Near Eastside, the average rent for a 1-bedroom apartment is $997. Near Northside sees average rents of $1,407 for a 1-bedroom unit. Martindale - Brightwood offers similar appeal with 1-bedroom apartments averaging $675. For those seeking other popular areas, Old Northside presents 1-bedroom apartments at $764, and Grace Tuxedo Park at $909. These prices are set against the backdrop of the city-wide average of $1,221 for a 1-bedroom apartment in Indianapolis, underscoring the popularity of these particular neighborhoods.

NeighborhoodStudio Avg RentAnnual Change
Meridian Kessler$1,444--
Fletcher Place$1,440+7%
Broad Ripple Village$1,399-10%
Downtown Indianapolis$1,365+10%
Fountain Square$1,306+26%
I65-South Emerson$1,300--
South Franklin$1,300--
Garden City$1,287-2%
West Side$1,264+10%
Chapel Hill - Ben Davis$1,259-13%
Near Northside$1,229+70%
Mass Avenue$1,200-1%
North Side$1,149+3%
Mapleton - Fall Creek$1,095-8%
South Perry$967+5%
South Side$935-17%
Valley Mills$927--
Near Eastside$838--
East Side$825+10%
Far East Side$825+16%
South Broad Ripple$799-6%
Old Northside$699-27%
Garfield Park$675--
Irvington$675--
Near Westside$650+31%
Neighborhood1 Bed Avg RentAnnual Change
Broad Ripple Village$1,749-5%
Fountain Square$1,633+8%
Fletcher Place$1,565-5%
I65-South Emerson$1,500+63%
Downtown Indianapolis$1,462-7%
Near Northside$1,407+52%
North Side$1,404+2%
South Franklin$1,340+13%
Southern Dunes$1,290--
Mapleton - Fall Creek$1,282-2%
South Perry$1,253+30%
Mass Avenue$1,225-21%
Glenn's Valley$1,190-5%
Valley Mills$1,146--
South Side$1,112+6%
Five Points$1,051+13%
West Side$1,008+5%
Garden City$1,001+3%
Near Eastside$997--
Near Westside$979+98%
Devington$975+12%
Mars Hill$949+19%
Far East Side$945+10%
East Warren$925+6%
Grace Tuxedo Park$909+29%
East Side$908+4%
South Broad Ripple$894-11%
Christian Park$804--
Old Northside$764-35%
Near Southeast$729--
Irvington$729+8%
Martindale - Brightwood$675-54%
Herron - Morton Place$649--
Chapel Hill - Ben Davis$574-22%
Neighborhood2 Beds Avg RentAnnual Change
Fletcher Place$2,190--
Fountain Square$2,135+12%
Downtown Indianapolis$1,867+1%
Near Northside$1,850+80%
South Franklin$1,707+19%
North Side$1,588-4%
Mapleton - Fall Creek$1,532-7%
Glenn's Valley$1,472+12%
Southern Dunes$1,457--
Broad Ripple Village$1,361-1%
Herron - Morton Place$1,349--
Garden City$1,335+7%
South Side$1,300+5%
West Side$1,284+7%
Five Points$1,258+14%
Garfield Park$1,250--
Valley Mills$1,244--
South Perry$1,209+7%
Mass Avenue$1,208-43%
East Warren$1,202+9%
East Side$1,132+7%
Near Westside$1,112--
Far East Side$1,096+10%
Mars Hill$1,086+19%
South Broad Ripple$1,049-9%
I65-South Emerson$999-15%
Old Northside$929-42%
Near Eastside$899+20%
Near Southeast$879+26%
Grace Tuxedo Park$872-5%
Irvington$849+8%
Devington$700-27%
Chapel Hill - Ben Davis$627-26%

Transportation

Transportation Scores

Percentage: 3737

Walk Score®

Walkable

No

Say 171 of 234 renters

Has Sidewalks

Yes

Say 156 of 234 renters

Percentage: 5151

Bike Score®

Bike Friendly

Yes

Say 143 of 234 renters

Percentage: 2828

Transit Score®

They Are Located Near Public Transportation

No

Say 165 of 234 renters

Need A Car

No

Say 196 of 234 renters

Area Amenities

Top Score

Grocery Stores

4.5/5 stars based on undefined reviews

There are some super markets around here.

  1. Few grocery stores per resident
  2. Significantly more grocery stores than average
  3. A standard number of grocery stores compared to areas of a similar size

Restaurants

4.5/5 stars based on undefined reviews

Great service and no need for reservations. A great place for food.

  1. Few restaurants per resident
  2. Significantly more restaurants than average
  3. 11% more restaurants than areas of a similar size

Coffee

4.5/5 stars based on undefined reviews

We're full of beans for Indianapolis's coffee shop scene.

  1. Few coffee shops per resident
  2. Significantly more coffee shops than average
  3. 9% fewer coffee shops than areas of a similar size

Nightlife

4.5/5 stars based on undefined reviews

Get your dance shoes on, Indianapolis looks good for nightlife.

  1. Few bars and clubs per resident
  2. Significantly more bars and clubs than average
  3. 31% more bars and clubs than areas of a similar size

Parks

4.5/5 stars based on undefined reviews

Indianapolis is team green. Parks get a high score.

  1. Few parks per resident
  2. Significantly more parks than average
  3. A standard number of parks compared to areas of a similar size

Retail Shops

4.5/5 stars based on undefined reviews

A shopaholic favorite. Indianapolis has a lot of style.

  1. Few shops per resident
  2. Significantly more shops than average
  3. 10% more shops than areas of a similar size

Health and Fitness

4.5/5 stars based on undefined reviews

Pumped and lifting a solid 4.5 stars for fitness.

  1. Few gyms per resident
  2. Significantly more gyms than average
  3. 11% fewer gyms than areas of a similar size

Pet Services

4.5/5 stars based on undefined reviews

Indianapolis is real pawsitive for your pets.

  1. Few pet facilities per resident
  2. Significantly more pet facilities than average
  3. 6% more pet facilities than areas of a similar size

Fine Arts

4.5/5 stars based on undefined reviews

This place gets the picture when it comes to art.

  1. Few fine art centers per resident
  2. Significantly more fine art centers than average
  3. 22% fewer fine art centers than areas of a similar size

Medical Care

4.5/5 stars based on undefined reviews

The great medical care here is just what the doctor ordered.

  1. Few medical facilities per resident
  2. Significantly more medical facilities than average
  3. 22% more medical facilities than areas of a similar size

Gas Stations

4.5/5 stars based on undefined reviews

You won't have to drive far to fill up around here.

  1. Few gas stations per resident
  2. Significantly more gas stations than average
  3. 81% more gas stations than areas of a similar size

Area Features

Area Has Litter

No

Say 209 of 234 renters

Noise Late At Night

No

Say 198 of 234 renters

Good Place To Raise A Family

Yes

Say 190 of 234 renters

Mostly Older Buildings

No

Say 175 of 234 renters

Busy Streets

No

Say 169 of 234 renters

Area Has Potholes

No

Say 166 of 234 renters

Pet Friendly

Yes

Say 165 of 234 renters

Near Grocery Stores

Yes

Say 159 of 234 renters

Safe For Families

Yes

Say 155 of 234 renters

Area Has Kids Play Outside

Yes

Say 153 of 234 renters

Quiet Area

Yes

Say 153 of 234 renters

Near Schools

Yes

Say 145 of 234 renters

Maintained Yards

Yes

Say 136 of 234 renters

Nearby Parks

Yes

Say 124 of 234 renters

Well Lit

No

Say 125 of 234 renters

Near Highways

No

Say 135 of 234 renters

Tree Lined Streets

No

Say 144 of 234 renters

Near Downtown

No

Say 175 of 234 renters

Mostly Newer Buildings

No

Say 190 of 234 renters

Nice Views

No

Say 193 of 234 renters

Schools

Percentage: 4/54/5

School Score

How satisfied do renters feel with the schools in this area.

Top Schools in Indianapolis

Information provided by GreatSchools. To verify school enrollment eligibility, contact the school district directly.

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