$1,359
2 beds1 bath1,030 sqftApartment
5505 Scarlet Drive, Indianapolis, IN, 46224
Rentals in Indianapolis, IN Under $1,500/mo
1305 Results
$1,149
2 beds1.5 baths930 sqftApartment
6010 W 25th Street, Speedway, IN, 46224
$1,075
2 beds1 bath873 sqftApartment
6010 W 25th Street, Speedway, IN, 46224
$999
1 bed1 bath814 sqftApartment
6010 W 25th Street, Speedway, IN, 46224
$1,380
2 beds2 baths1,200 sqftApartment
5005 Lily Lane, Indianapolis, IN, 46254
$1,221
1 bed1 bath570 sqftApartment
1510 Stadium Way, Indianapolis, IN, 46202
$1,179
2 beds2 baths1,052 sqftApartment
5421 Calder Way, Indianapolis, IN, 46226
$875
2 beds1 bath775 sqftApartment
3601 N. Meridian Street, Indianapolis, IN, 46208
$875
1 bed1 bath750 sqftApartment
1350 N MERIDIAN STREET, INDIANAPOLIS, IN, 46202
$1,149
2 beds1 bath850 sqftApartment
9093 E Bourbon St., Indianapolis, IN, 46235
$1,299
2 beds1 bath850 sqftApartment
9093 E Bourbon St., Indianapolis, IN, 46235
$1,376
1 bed1 bath450 sqftApartment
101 South Harding Street, Indianapolis, IN, 46222
$1,323
1 bed1 bath450 sqftApartment
101 South Harding Street, Indianapolis, IN, 46222
$1,359
1 bed1 bath555 sqftApartment
101 South Harding Street, Indianapolis, IN, 46222
$999
2 beds1 bath1,019 sqftApartment
2471 S DAWSON STREET, INDIANAPOLIS, IN, 46203
$899
Studio1 bath385 sqftApartment
5802 W 71st Street, Indianapolis, IN, 46278
$899
Studio1 bath385 sqftApartment
5802 W 71st Street, Indianapolis, IN, 46278
$899
Studio1 bath385 sqftApartment
5802 W 71st Street, Indianapolis, IN, 46278
$899
Studio1 bath385 sqftApartment
5802 W 71st Street, Indianapolis, IN, 46278
$899
Studio1 bath385 sqftApartment
5802 W 71st Street, Indianapolis, IN, 46278
$899
Studio1 bath385 sqftApartment
5802 W 71st Street, Indianapolis, IN, 46278
$899
Studio1 bath385 sqftApartment
5802 W 71st Street, Indianapolis, IN, 46278
$899
Studio1 bath385 sqftApartment
5802 W 71st Street, Indianapolis, IN, 46278
$899
Studio1 bath385 sqftApartment
5802 W 71st Street, Indianapolis, IN, 46278
Showing 24 of 1,305 results
Showing 24 of 1,305 results
Load moreWhat to Know Before Renting Under $1,500 in Indianapolis, IN
Rentals under $1,500 per month cover a wide share of Indianapolis inventory — expect a mix of one- and two-bedroom apartments, townhomes, and some three-bedroom houses. At this price point, tradeoffs are usually about neighborhood, building age, and amenity package rather than basic habitability. Compare commute time, parking, and in-unit laundry when narrowing your shortlist in Indianapolis.
Browse Indianapolis Rentals by Bedroom Count
Rentals Under $1,500 Near Indianapolis, IN
Frequently Asked Questions About Rentals Under $1,500 in Indianapolis, IN
Rentler currently shows 1,221 rentals in Indianapolis priced under $1,500. Inventory at this price point is updated daily — availability changes quickly, especially at the lower price tiers where well-priced units receive applications within 24–48 hours of posting.
At the under $1,500 price point in Indianapolis, use the bedroom and property-type filters to narrow to studios, 1-bedrooms, 2-bedrooms, houses, or townhomes. Availability shifts daily — set a listing alert if you want to catch new units as they post.
These terms refer to different things. Cheap or affordable apartments are market-rate units at the lower end of a city's price range — anyone can apply regardless of income. Low-income or income-restricted apartments are subsidized properties (through programs like Section 8, HUD, or LIHTC) that require income qualification, typically at or below 50–80% of the area median income. Both types may appear on Rentler — contact landlords directly on lower-priced listings to ask about income requirements and subsidy acceptance.
Pet-friendly rentals exist across all price tiers. Use Rentler's pet-friendly filter to narrow to properties that accept animals. At lower price points, pet deposits and monthly pet rent still apply — factor that into your total monthly cost when budgeting. Breed and weight restrictions are common even on pet-accepting listings.
Yes — especially on market-rate listings with individual landlords, which make up a significant share of Rentler's inventory. Negotiating leverage is highest in winter (November through January), when fewer people are searching and landlords are more motivated to fill vacancies. Offering a longer lease term, a larger security deposit, or the ability to move in quickly are the most effective negotiating levers.
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