If you're looking to rent, you're only real concern will be proximity to amenities you want/need and crime. For that, just about any area save a few will suffice.
If you want to buy eventually and don't want to relocate to a different side of town to do it, the west/southwest/south sides of Indy offer the best bang for your buck (excluding the craphole eastside where you can't give a house away). Not much in terms of apartments on the SW side (avoid Decatur Woods like the plague), but there are a few.
In all cases, do your best to locate OUTSIDE the 465 loop. The farther you get from it, the better off you'll be.
If you want to buy eventually and don't want to relocate to a different side of town to do it, the west/southwest/south sides of Indy offer the best bang for your buck (excluding the craphole eastside where you can't give a house away). Not much in terms of apartments on the SW side (avoid Decatur Woods like the plague), but there are a few.
In all cases, do your best to locate OUTSIDE the 465 loop. The farther you get from it, the better off you'll be.