
Cheap 2 Bedroom Apartments for Rent in Indianapolis, IN from $650 (610 Rentals) Page 6 of 13


Loch Haven

King's Reserve College Park 55+ Active Adult

1010 Central

Pebble Point Apartments

LINDEN SQUARE

The Vineyards Apartment Homes

Castleton Manor Apartments

Ashton Brook

Wyndham Hall

Guion Creek Apartments

800 Capitol

The Meadows Apartment Homes

4277 Asbury St

7161 E Pleasant Run Pkwy S Dr, Unit 1

3753 N Meridian St, Unit 204

450 N Kealing Ave, Unit 450 N Kealing Ave, Indianapolis, IN 46201

Total Monthly Price
1621 Broadway St, Unit Holy Life MBC apartments

5151-5153 E 16th St, Unit 5153

Cedar Ridge

Total Monthly Price
1631 Columbia Ave, Unit B

Windsor Park

The Timbers Apartments

Center Point

The Eclipse Apartment Homes

The Manning Apartment Homes

Sunspring Apartments - a 55+ Community

Woodlake

Chelsea Village

Total Monthly Price
The 85Twenty

A62 Apartments

Lockefield Gardens

Waterfront Pointe

Creek Bay

Kinwood Place

Murphy's Landing

Suncrest

Riverchase Apartments

CityView on Meridian

TGM Shadeland Station

Pier 39 Apartments & Townhomes

2831 Walker Ave

Scandia Apartments

Overlook at Valley Ridge Apartments

The Masters Apartments

Harrison Place Apartments

Edison at Meridian Hills

Park at Eagle Creek

Avia Lofts at Founders Road
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
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.

A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Indianapolis
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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.
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
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.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
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
Written by: Robin Stewart
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.
