
Cheap 2 Bedroom Apartments for Rent in Indianapolis, IN from $650 (614 Rentals) Page 11 of 13


Fairfax Duplexes

The Retreat On Washington

Blacherne Apartments

The Fort Apartments

707 North

The 101

Monon Park, Managed by Buckingham Monon Living

Bradford Park

945 Woodruff Place Middle Drive

Pavilion Place

St. Joseph Flats

The Whittier

Waterbury Apartments

Polo Run Apartments

Cedarbrook

Yorktowne Farms Community

Stanford Court

Courts of Valle Vista

Somerset Place

Westminster Apartments and Townhomes

LaCabreah Apartments

Auburn Place

Beech Meadow Apartments

80-82 North 5th Avenue, Unit 82 North 5th Avenue

Stafford Pointe

Brixton

Washington Village Apartments

Total Monthly Price
4259 Eclipse Way, Unit Sugar creek apartments

The Fairways at Valle Vista

Carmel Woods

Willow Glen South

Hunter Ridge Apartments

Park Madison Apartments

Ashmore Trace

Hillcrest Apartments

St. Andrews

Total Monthly Price
Lakeside at Walnut Hills

Sand Creek Woods

Village Crossing

Grace Lane Apartments

Greystone of Noblesville

Canyon Club at Perry Crossing

Steeplechase at Shiloh Crossing

Residences on Ronald Reagan

Metropolitan Fishers

Total Monthly Price
Copper Chase at Stones Crossing

Regency Preserve

Crown Plaza

Total Monthly Price
Grove Crossing
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 | $1,211 | $556 | $6,128 |
| Indianapolis 1 Bedroom Apartments | $1,386 | $543 | $3,711 |
| Indianapolis 2 Bedroom Apartments | $1,663 | $650 | $10,000+ |
| Indianapolis 3 Bedroom Apartments | $1,998 | $799 | $8,628 |
| Indianapolis 4 Bedroom Apartments | $2,243 | $600 | $7,313 |
| Indianapolis 5 Bedroom Apartments | $5,415 | $2,192 | $10,000+ |
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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 $699.
What is the price of a cheap apartment in Indianapolis?
The cheapest apartment in Indianapolis is Central @ 29 which is listed at $655, while the average apartment in Indianapolis costs $1,390.
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 6,057 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 $296 which is $1,094 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

Indys Innovation Hub: Top Indianapolis Employers and the Neighborhoods that Welcome You Home
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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
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Your Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters
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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.

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Articles, How-To's, and Tips

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
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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.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
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Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
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There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.