
Cheap 1 Bedroom Apartments for Rent in Indianapolis, IN from $543 (700 Rentals) Page 14 of 14


Satori Flats

Sophia Square

Total Monthly Price
Outlook Hamilton 55+ Active Adult Apartments

Madison at Greenwood

Cottages at Sheek Road Apartments

Clary Crossing Senior Villas

Main Street Commons

SouthPointe Village Apartments

Broadstone Pointe Senior Apartments

The Commons at Wynne Farms Apartments

Francis Apartments

Beech Grove Place Apartments

Blackstone

Beacon Pointe Apartments

Haven Homes

The Legend at Speedway

Brickyard Flats

Kinnley Court

320 N Jefferson St

742 Loews Blvd

The Gables

Thornbury Pointe Senior Apartment Homes

Eastway Court Apartments

The U

Clearview

Camby Crossing

Beech Tree Glen Apartments

Trotters Pointe Apartments

Barton Farms

Stonehedge Apartments

Towne View Apartments

Parkside Apartments

Twin Lakes Apartments

Boulevard at Anson I

Bayshore Apartments

Meridian Oaks

Bexley Village

Highpointe on Meridian

Spark Apartments

The District

Preserve Of Avon

Carmel Village Green

Emerald Lakes

Hunters Point Apartments

The Village at Sandstone Apartments

Harmony Apartment Homes

Verge

Mosaic Apartments

Lakeside Apartments Phase II
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 | $1,218 | $579 | $5,271 |
| Indianapolis 1 Bedroom Apartments | $1,397 | $543 | $9,744 |
| Indianapolis 2 Bedroom Apartments | $1,664 | $513 | $10,000+ |
| Indianapolis 3 Bedroom Apartments | $2,031 | $799 | $7,822 |
| Indianapolis 4 Bedroom Apartments | $2,173 | $600 | $6,935 |
| 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 Volrath which is listed at $599, while the average apartment in Indianapolis costs $1,396.
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 6,350 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 $288 which is $1,108 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!
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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.