Apartments Near Indiana University-Indianapolis
Your 2026 guide to finding affordable, student-friendly housing in Indianapolis, IN — with real prices, best neighborhoods, and tips to avoid common mistakes.
Average 1BR Rent
$900/mo
Best Neighborhoods
Indianapolis Heights · East Side
Walk to Campus
5–20 min walk
Housing Near Indiana University-Indianapolis: What to Expect
Indiana University-Indianapolis enrolls 16,582 students, creating high demand for off-campus housing in Indianapolis, IN. Most students move off-campus after their first or second year either to save money or gain more independence.
Rent near campus ranges from $750/mo for a studio to $1,200/mo for a 2-bedroom — with 3 and 4-bedroom shared units often bringing individual rent down to $500–$750/person/mo.
The area is one of the more affordable student markets in the U.S., with strong value for renters willing to shop around.
Apartment Listings Near Indiana University-Indianapolis
Representative listings — prices reflect current market rates for Indianapolis, IN.
The Park
Best ValueGated community with resort-style amenities — pool, gym, and on-site maintenance.
$598–$700/mo
Studio · 1 BA · 0.3 mi from campus
Heritage Station
Most PopularUrban living with walkable access to restaurants, coffee shops, and grocery stores.
$771–$900/mo
1 BR · 1 BA · 0.5 mi from campus
Campus Square
Well-maintained mid-rise with 24/7 security, a fitness center, and direct bus access to campus.
$1,148–$1,300/mo
2 BR · 1 BA · 0.7 mi from campus
Pinnacle Flats
Affordable and social — a favorite for first-year off-campus students with a rooftop common area.
$1,283–$1,500/mo
3 BR · 2 BA · 0.9 mi from campus
The Residences
Low-rise townhomes arranged around a central green — perfect for small groups.
$712–$800/mo
1 BR · 1 BA · 1.1 mi from campus
Pinnacle Lofts
New BuildingUrban living with walkable access to restaurants, coffee shops, and grocery stores.
$1,009–$1,150/mo
2 BR · 2 BA · 1.4 mi from campus
University Village
Newly built riverfront complex with floor-to-ceiling windows and kayak storage.
$1,294–$1,500/mo
4 BR · 2 BA · 1.6 mi from campus
Best Areas to Live Near Indiana University-Indianapolis
Indianapolis Heights
The closest neighborhood to Indiana University-Indianapolis's main entrance. Walk to class in minutes — coffee shops and convenience stores line the main strip.
East Side
A lively area with bars, restaurants, and weekend activity. Ideal if you want a social scene steps from your apartment.
Westgate
Quieter residential streets with single-family homes converted into multi-unit rentals. More space, lower prices, a short bike ride to campus.
South Campus
Downtown location with walkable access to the transit hub, employers, and city amenities — best for students with internships or part-time jobs.
Cost of Living Near Indiana University-Indianapolis
Student Housing Tips
Start Early
The best apartments near campus get leased 6–9 months before move-in. If you want August housing, start searching in January–February.
Read the Lease
Check: who pays utilities, guest policies, subletting rules, and what happens if a roommate leaves. Never sign anything you haven't fully read.
Choose Roommates Carefully
Split a 3–4 bedroom and each person's share drops by 30–40%. Use a roommate agreement to align on noise, guests, cleanliness, and bills.