Cheap 2 Bedroom Apartments for Rent in Indianapolis, IN from $700 (380 Rentals)Page 2 of 8

Sherman Village

2313 Magnolia Pl

Drake Street Garden Homes

Keeneland Crest Apartments

Apartments @ Marten Court

Woods at Oak Crossing

Darby Court

Bavarian Village Apartments

Park View at Beech Grove

The Maywood at Speedway

The Life at Belhaven Place

Emerson Village

Garden Pointe Apartments

Fox Club

Wildwood Village Apartments

Heritage Apartments

One Somerset Apartments

Greentree Apartments

Willow Brook

Martinique Terrace

Highland Pointe

Aspen Chase

Pine Glen

3236-3238 W Mooresville Rd

3328-3330 E New York St

Spinnaker Court

Jade North Apartments

River Road Apartments

Horizons Apartments

Beechmill Apartments

Brockton Apartments & Townhomes

Thompson Village Apartments

The Towers at Crooked Creek Senior Housing

Freeman Apartments LLC

M Club Apartments

5700 Madison Apartments & Edgewood on Madison

The Park at Greenhill

Capital Place

Mann Village Apartments

Parc Bordeaux Apartments

Paragon Park
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 | $1,250 | $585 | $5,493 |
Indianapolis 1 Bedroom Apartments | $1,427 | $335 | $4,510 |
Indianapolis 2 Bedroom Apartments | $1,702 | $700 | $9,630 |
Indianapolis 3 Bedroom Apartments | $1,999 | $1,000 | $8,833 |
Indianapolis 4 Bedroom Apartments | $2,136 | $700 | $4,140 |
Indianapolis 5 Bedroom Apartments | $4,569 | $2,135 | $10,000+ |
Explore Indianapolis
Getting Around Indianapolis, IN
Walk Score®
50 / 100
Somewhat Walkable
Some errands can be accomplished on foot
Bike Score®
53 / 100
Bikeable
Some bike infrastructure
Transit Score®
29 / 100
Some Transit
A few nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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 $725.
What is the price of a cheap apartment in Indianapolis?
The cheapest apartment in Indianapolis is The Aerie on 11th Street which is listed at $700, while the average apartment in Indianapolis costs $2,570.
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 2,370 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 $339 which is $2,231 cheaper than the average rent for all rentals in Indianapolis.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

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.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.