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Garfield Terrace Apartments
2401 S Shelby StIndianapolis, IN 46203
Cheap 1 Bedroom Apartments for Rent in Indianapolis, IN from $497 (694 Rentals) Page 9 of 14
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Eastgate Terrace Apartments
7036 E 10th StIndianapolis, IN 46219
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The Marleigh
1434-1448 N Delaware StIndianapolis, IN 46202
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Windsor Court
7302 Queen Anne CtIndianapolis, IN 46227
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Maison Gardens Apartments
8808 Rue Madeleine RueIndianapolis, IN 46226
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Nola Court Apartments
4502 Indianola AveIndianapolis, IN 46205
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Reserves at Warren Park
9136 E 10th StIndianapolis, IN 46229
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Trenton House Apartments
5936 Radnor RdIndianapolis, IN 46226
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The Jordan
1445 N Delaware StIndianapolis, IN 46202
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Windsor
1235 N Delaware StIndianapolis, IN 46202
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The Harrison
1320 N Delaware StIndianapolis, IN 46202
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Veranda at Speedway
6038 W 25th StIndianapolis, IN 46224
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Pleasant Creek Apartments
2816 E County Line RdIndianapolis, IN 46227
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Parkside At Tarkington
3901 N Meridian StIndianapolis, IN 46208
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Senate Manor Apartments
548 N Senate AveIndianapolis, IN 46204
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550 Fletcher Ave
550 Fletcher AveIndianapolis, IN 46203
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The Meridian North
2100 Westlane RdIndianapolis, IN 46260
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Capitol Manor
842 N Capitol AveIndianapolis, IN 46204
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Postbrook East Apartments
9265 E 41st StIndianapolis, IN 46235
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Brookhaven Apartments
3900 N Shadeland AveIndianapolis, IN 46226
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Point on Fall Creek I
2717 Anna LnIndianapolis, IN 46205
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1745 N Ritter Ave
1745 N Ritter AveIndianapolis, IN 46218
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South & Madison
1819 Madison Village DrIndianapolis, IN 46227
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Canterbury House Apartments - Franklin Road
7955 Kingsmead DrIndianapolis, IN 46226
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Farhill Lake Apartments
4927 Encore DrIndianapolis, IN 46237
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PICCADILLY
28 E 16th StIndianapolis, IN 46202
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Lake Camelot Apartments
6475 Excalibur CtIndianapolis, IN 46268
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The Reserve at White River
2774 Pixel RdIndianapolis, IN 46222
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Ritter Apartments
1708 N Ritter AveIndianapolis, IN 46218
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Central State Mansion
202 Steeples BlvdIndianapolis, IN 46222
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Meier House Apartments
3128-North N Pennsylvania StIndianapolis, IN 46205
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Rand House Apartments
5010-w W Southport RdIndianapolis, IN 46221
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Clark House Apartments
115-S S Audubon RdIndianapolis, IN 46219
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The Wash Apartments
4741 E Washington StIndianapolis, IN 46201
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Nora Commons on the Monon Senior Apartments
8905 Evergreen AveIndianapolis, IN 46240
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Saxony Court
29-49 S Audubon RdIndianapolis, IN 46219
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Lafayette Landing at Kessler
2333 Lafayette RdIndianapolis, IN 46222
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Bellagio Living II
8953 Brigadier DrIndianapolis, IN 46226
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Bellagio Living I
9025 El Dorado PlIndianapolis, IN 46236
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Bavarian Village Apartments
3001 Bavarian West DrIndianapolis, IN 46235
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Eagledale Senior Apartments
2930 Lafayette RdIndianapolis, IN 46222
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Waterstone Place Apartments
2755 Merlin Lake DrIndianapolis, IN 46229
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Linwood Manor
4509 E Washington StIndianapolis, IN 46201
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Heather Ridge
3245 Heather Ridge DrIndianapolis, IN 46214
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Crossroads at Southgreen
5030 Southgreen DrIndianapolis, IN 46227
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Villa Del Sol Apartments
3636 Mission DrIndianapolis, IN 46224
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Monon Lofts
1122 E 16th StIndianapolis, IN 46202
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Chelsea Manor
1451 Central AveIndianapolis, IN 46202
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Mayleeno
416 E Vermont PlIndianapolis, IN 46202
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Pickwick Farms Apartments
1540 Handball LnIndianapolis, IN 46260
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+ |
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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 $2,847.
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 11,047 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 $400 which is $2,447 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.