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12 Rentals

Houses under $500 for Rent in Indianapolis, IN

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Living & Renting in Indianapolis

Indianapolis at a Glance

Average Rent

$1,100
(All bedrooms and property types)
Learn more about
Average Rent in Indianapolis
6

School Rating

out of 10 Rating
Learn more about
Schools in Indianapolis
29

Some Transit

out of 100 TransitScore® Rating
Learn more about
Transportation in Indianapolis
53

Somewhat Bikeable

out of 100 BikeScore® Rating
Learn more about
Transportation in Indianapolis

Indianapolis, IN Houses for Rent

Indianapolis offers a delightful mix of culture, recreation, and affordability, making it an enticing place to explore. The city boasts an impressive array of parks, including the expansive White River Gardens, which features scenic trails and beautifully landscaped areas perfect for leisurely strolls. Garfield Park, with its historic conservatory and vibrant gardens, provides a serene escape, while the Landmark for Peace Memorial stands as a poignant tribute to the legacy of Martin Luther King Jr.

The downtown area is a hub of activity, home to a variety of shopping options similar to Circle Centre Mall and Southern Plaza, where visitors can find everything from trendy boutiques to popular retail chains. Dining in Indianapolis is a treat, with renowned establishments such as Fogo de Chão Brazilian Steakhouse and St. Elmo Steak House offering unforgettable culinary experiences. For a more casual bite, Shapiro's Delicatessen and Harry & Izzy's serve up local favorites that are sure to satisfy any palate.

Cultural attractions abound, with the Children's Museum of Indianapolis and Newfields providing enriching experiences for residents of all ages. The Indiana State Museum and the Eiteljorg Museum of American Indians and Western Art further showcase the city’s commitment to preserving and celebrating its diverse heritage. Annual events similar to the Indianapolis 500, one of the most famous auto races globally, and the Indiana State Fair highlight the community's vibrant spirit and love for tradition.

Amidst this lively backdrop, the city’s rental options range from modern apartments to charming historic buildings, accommodating various lifestyles and preferences. With a thriving food scene, including unique cafes similar to Café Patachou and Calvin Fletcher's Coffee Company, there’s always something new to try. Indianapolis seamlessly blends tradition and innovation, creating an exciting environment that invites exploration and connection.

Renting in Indianapolis

Average Rental Rates and Apartment Sizes

Top Budget-Friendly Neighborhoods in Indianapolis

(For 1 bedroom apartments)

Getting Around Indianapolis

Transportation

50

Somewhat Walkable

out of 100 WalkScore® Rating
You might be able to get out and walk when living in this area. Some errands can be accomplished on foot, but for others you need a car.
53

Bikeable

out of 100 BikeScore® Rating
You might be able to find places to ride your bike in this area, but you'll most likely want your car for most errands.
29

Some Transit

out of 100 TransitScore® Rating
You'll likely want a car when living in this area since it has few transit options.
Scores provided by Walk Scoreⓘ

Education

Public University
Public University
Private University
Private University
Private University
7
Franklin Central High School
out of 10 Rating
Public | Grades 9- 12 | 3,319 Students
7
Perry Meridian High School
out of 10 Rating
Public | Grades 9- 12 | 2,350 Students
6
Public | Grades 10- 12 | 358 Students
5
North Central High School
out of 10 Rating
Public | Grades 9- 12 | 3,628 Students
4
Lawrence North High School
out of 10 Rating
Public | Grades 9- 12 | 2,861 Students
8
Perry Meridian Middle School
out of 10 Rating
Public | Grades 7- 8 | 1,292 Students
6
Franklin Central Junior High
out of 10 Rating
Public | Grades 7- 8 | 1,711 Students
School data provided by Great Schoolsⓘ

Apartments for Rent Nearby Neighborhoods

Indianapolis Houses for Rent in Your Budget

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