
Cheap 1 Bedroom Apartments for Rent in Indianapolis, IN from $497 (644 Rentals) Page 12 of 13


Brownsburg Crossing

Total Monthly Price
Copper Chase at Stones Crossing

Crown Plaza

The Brixton

Total Monthly Price
Sand Creek Woods

Lantern Woods Apartments

Total Monthly Price
Governor Square

Total Monthly Price
Wellington Place

Sanctuary at Fishers

Carmel Woods

MAIN STREET

Dublin Glen Apartments

Woodland Springs Apartment Homes

Grace Lane Apartments

Avon Creek

Bella Vista Apartments

Total Monthly Price
Gramercy

Sunblest Apartments

Total Monthly Price
Steeplechase at Shiloh Crossing

The Rail at 1380

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Alexandria of Carmel Apartments

Sunlake Apartments

Canyon Club at Perry Crossing

The Barlow

Gateway Crossing Apartments

Bayberry Place Apartments

The Ascent Apartments of Plainfield

Devonshire Apartments

Regency Preserve

Woods of Britton

Flats at Switch

McCord Square Apartments

Total Monthly Price
Lakes of Carmel

Greystone of Noblesville

Gladden Farms Apartments

Union Green

Prairie Lakes

Central Park Apartments

The Gallery Apartments

BroadAcre Apartments of McCordsville

Aria Apartments of Zionsville

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Reserve at Williams Glen

The Olivia

Total Monthly Price
Reveal on Cumberland Apartments

The Wren & The Windsor

Pullman Pointe

Wilshaw

Old Town On The Monon

Total Monthly Price
Carmel Center
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 | $1,158 | $595 | $5,671 |
| Indianapolis 1 Bedroom Apartments | $1,371 | $497 | $4,842 |
| Indianapolis 2 Bedroom Apartments | $1,630 | $563 | $6,212 |
| Indianapolis 3 Bedroom Apartments | $2,029 | $825 | $10,000+ |
| Indianapolis 4 Bedroom Apartments | $1,651 | $600 | $10,000+ |
| Indianapolis 5 Bedroom Apartments | $9,642 | $1,000 | $10,000+ |
Explore Indianapolis
Indianapolis, IN Area Reviews
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 $700.
What is the price of a cheap apartment in Indianapolis?
The cheapest apartment in Indianapolis is Volrath which is listed at $649, while the average apartment in Indianapolis costs $2,634.
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 9,222 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 $372 which is $2,262 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

A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Indianapolis
Written by: Wendy Melton
Indianapolis is not only the state capital of Indiana, it’s also a shining example of what Midwestern living is all about. I’m Wendy, your ApartmentHomeLiving.

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.

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.
Articles, How-To's, and Tips

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.