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$1,475 - $1,5851 Bedroom Apartments Available Apr 15
The Ripple
1430 Broad Ripple AveIndianapolis, IN 46220
Cheap 1 Bedroom Apartments for Rent in Indianapolis, IN from $497 (694 Rentals) Page 8 of 14
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$1,482 - $2,0991 Bedroom Apartments Available Now
Canal Overlook Apartments
430 N Indiana AveIndianapolis, IN 46202
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Rent Specials
$1,490 - $1,540
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1 Bedroom Apartments Available NowTotal Monthly Price
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$1,340 - $2,090
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Forte Apartments
1140 Shelby StIndianapolis, IN 46203
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$1,490 - $3,702
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1 Bedroom Apartments Available NowTotal Monthly Price
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$1,440 - $6,185
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$50
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$1,490 - $6,235
CityWay
229 S Delaware StIndianapolis, IN 46204
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$1,499 - $1,6491 Bedroom Apartments Available Now
The Stella
1827 N Meridian StIndianapolis, IN 46202
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$1,499 - $1,6791 Bedroom Apartments Available Now
Gathyr Apartments
1117 E Market StIndianapolis, IN 46202
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$1,499 - $1,9291 Bedroom Apartments Available Now
The Block
50 N Illinois StIndianapolis, IN 46204
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1 Bedroom Apartments
Addison Creek
58 Port Ocall DrIndianapolis, IN 46224
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1 Bedroom Apartments
Stonekey Apartments
1504 Renton StIndianapolis, IN 46203
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1 Bedroom Apartments
Koehne Commons Apartments
315 Koehne StIndianapolis, IN 46222
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1 Bedroom Apartments
Charmwood Terrace
3419 N Pennsylvania StIndianapolis, IN 46205
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1 Bedroom Apartments
Arlington Terrace Apartments
5931 E 12th StIndianapolis, IN 46219
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1 Bedroom Apartments
Emerson Place
2110 Emerson Knoll PlIndianapolis, IN 46218
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1 Bedroom Apartments
Lakes at Crossbridge
7925 Crossbridge DrIndianapolis, IN 46226
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1 Bedroom Apartments
INDY INDIE ARTIST COLONY
26 E 14th StIndianapolis, IN 46202
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1 Bedroom Apartments
Hampshire Court
2455 Rolls DrIndianapolis, IN 46268
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1 Bedroom Apartments
THE COURTS OF MONON
3605-3609 Balsam AveIndianapolis, IN 46205
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1 Bedroom Apartments
Parkside Living Apartments
2900 S Pennsylvania StIndianapolis, IN 46225
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1 Bedroom Apartments
VILLAGE AT FALL CREEK
3520-3534 Fall Creek Parkway North DrIndianapolis, IN 46205
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1 Bedroom Apartments
727 Fairfield Ave
727 Fairfield AveIndianapolis, IN 46205
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1 Bedroom Apartments
Barbee
1215 N Pennsylvania StIndianapolis, IN 46202
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1 Bedroom Apartments
Whispering Pines
4444 Mission DrIndianapolis, IN 46254
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1 Bedroom Apartments
Crown Point Apartments
245 W 38th StIndianapolis, IN 46208
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1 Bedroom Apartments
Cloverleaf Apartments & Townhomes
835 Cloverleaf TerIndianapolis, IN 46241
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1 Bedroom Apartments
The Historic Bauer
3720 N Meridian StIndianapolis, IN 46208
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1 Bedroom Apartments
Marblehead
3310 N Meridian StIndianapolis, IN 46208
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1 Bedroom Apartments
Mayfield Green Cooperative
5537 W 44th StIndianapolis, IN 46254
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1 Bedroom Apartments
3825 N Whittier Pl
3825 N Whittier PlIndianapolis, IN 46226
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1 Bedroom Apartments
East Ridge
2302 N Ritter AveIndianapolis, IN 46218
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1 Bedroom Apartments
Remington on Rockville
7455 Rockleigh AveIndianapolis, IN 46214
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1 Bedroom Apartments
Sunstone at Arlington Woods
5620 E 30th StIndianapolis, IN 46218
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1 Bedroom Apartments
SUITES OF IRVINGTON
5730 E Washington StIndianapolis, IN 46219
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1 Bedroom Apartments
Red Maple Grove
2901 E Tabor StIndianapolis, IN 46203
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1 Bedroom Apartments
Rosedale Hills
2139 E Hanna AveIndianapolis, IN 46227
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1 Bedroom Apartments
Cavalier Court
9108 E 38th PlIndianapolis, IN 46235
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1 Bedroom Apartments
Historic Dorchester
3720 N Pennsylvania StIndianapolis, IN 46205
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Brownstone Apartments
3360 N Meridian StIndianapolis, IN 46208
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Oxmoor Indy
3640 N Meridian StIndianapolis, IN 46208
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Winston
3630 N Meridian StIndianapolis, IN 46208
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1 Bedroom Apartments
Overlook at the Fairgrounds
1720 E 38th StIndianapolis, IN 46218
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1 Bedroom Apartments
Stone Lake
2913 E Hanna AveIndianapolis, IN 46227
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1 Bedroom Apartments
Estate View
6768 S East StIndianapolis, IN 46227
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1 Bedroom Apartments
Historic Audubon Court
5703 E Washington StIndianapolis, IN 46219
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1 Bedroom Apartments
Admiral
3025 N Meridian StIndianapolis, IN 46208
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1 Bedroom Apartments
The Regal Apartments
3603 N Washington BlvdIndianapolis, IN 46205
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Guion Creek Apartments
5902 Guion RdIndianapolis, IN 46254
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Peppermill Farms
6830 Mill View DrIndianapolis, IN 46226
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1 Bedroom Apartments
College Park Apartments
3050 Colby LnIndianapolis, IN 46268
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Pinewood Village Apartments
5402 Norfolk WayIndianapolis, IN 46224
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Meridian Plaza
3726 N Meridian StIndianapolis, IN 46208
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 | $1,189 | $495 | $5,277 |
| Indianapolis 1 Bedroom Apartments | $1,387 | $497 | $4,071 |
| Indianapolis 2 Bedroom Apartments | $1,647 | $545 | $5,655 |
| Indianapolis 3 Bedroom Apartments | $2,026 | $626 | $8,554 |
| Indianapolis 4 Bedroom Apartments | $1,804 | $600 | $10,000+ |
| Indianapolis 5 Bedroom Apartments | $7,296 | $950 | $10,000+ |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
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Indianapolis, IN Area Reviews
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Write a ReviewWendy • 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 $655.
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 $2,862.
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 10,456 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 $389 which is $2,473 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.
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.
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.