
Cheap 1 Bedroom Apartments for Rent in Indianapolis, IN from $543 (656 Rentals) Page 10 of 14


The Rotherwood Apartments

Freeman Apartments

Indy Downtown Colonial Apartments

10 West Apartments

The Oasis

Spruce Manor Apartments

PENN ARTS

1354 Shelby St

Windmill

Chapel Hill Apartments

Foxhill Manor Cooperative

Monon Park, Managed by Buckingham Monon Living

College Court Condominiums

Spicewood

Senate Manor

The Villages of Bent Tree Apartments

Buffalo Creek Apartments

Florence Fay School Senior Apartments

Chateau in the Woods

Estates of Creekside Apartments

Fountain Parc

St. James

The Haciendas

Spink

Dakota Ridge

Harbour Pointe

Franklin Cove

Encore Apartments

Forty Six Flats

Slate Run Lofts

Fountain Lake Villas

The Jameson

The McKay

Ninth Avenue Apartments

Raleigh

7 Pointe Apartments

Northwoods Apartments

Enclave at Eagle Creek Apartments

Wyckford Commons

Lakes of Georgetown

The Richelieu

Aragon Woods

Hubbard Gardens

Aspen Pointe Apartments

Arborwood Apartments

Stratford Place Apartments

Reflections Apartments

Heathmoore - Indianapolis

Crestwood Village North
Indianapolis, IN Local Guide

How much does it cost to rent an apartment in Indianapolis?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Indianapolis Studio Apartments | $1,221 | $579 | $5,271 |
| Indianapolis 1 Bedroom Apartments | $1,396 | $543 | $8,173 |
| Indianapolis 2 Bedroom Apartments | $1,666 | $513 | $10,000+ |
| Indianapolis 3 Bedroom Apartments | $2,027 | $799 | $7,822 |
| Indianapolis 4 Bedroom Apartments | $2,246 | $600 | $8,291 |
| Indianapolis 5 Bedroom Apartments | $6,179 | $2,192 | $10,000+ |
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Wendy • 3+ years in Indianapolis
August 10, 2025One of Indiana's most beautiful cities!
Frequently Asked Questions about Cheap Indianapolis Apartments
What is a cheap apartment in Indianapolis?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Indianapolis is under $675.
What is the price of a cheap apartment in Indianapolis?
The cheapest apartment in Indianapolis is Harpers Crossing which is listed at $424, while the average apartment in Indianapolis costs $1,398.
What types of apartments are the cheapest in Indianapolis?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 6,520 regular apartments in Indianapolis that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Indianapolis?
Cheap apartments in Indianapolis have an average cost of $286 which is $1,112 cheaper than the average rent for all rentals in Indianapolis.
Expert Rental Resources
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
Helpful Local Expert Guides

Welcome to Indy: A Local Expert's Guide to the City's Best Short-Term Rental Neighborhoods
Written by: Wendy Melton
My name is Wendy, and I am the local expert for ApartmentHomeLiving.com in the Indianapolis area. Being born and raised in Indiana, I know the true meaning of Hoosier hospitality.

Indys Innovation Hub: Top Indianapolis Employers and the Neighborhoods that Welcome You Home
Written by: Wendy Melton
Indianapolis is truly the heart of the Midwest. No matter what career path you choose, opportunities for advancement are everywhere.

Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods
Written by: Wendy Melton
My name is Wendy, and I've lived in Indiana for most of my life. Indianapolis is our state capital, and many people consider it the heart of the Midwest. People come from all around to explore everything Indianapolis has to offer.

Your Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters
Written by: Wendy Melton
Indianapolis is well-known for being one of the top college cities in the country. Local colleges and universities are ranked in the Top 10 when it comes to sports and academic excellence.
Articles, How-To's, and Tips

How Commercial-to-Residential Property Conversions Help the Housing Crisis
Written by: Robin Stewart
Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.