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2 Bedroom Apartments
Windsor Court
7302 Queen Anne CtIndianapolis, IN 46227
Cheap 2 Bedroom Apartments for Rent in Indianapolis, IN from $563 (497 Rentals) Page 8 of 10
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50 - SAXONY COURT APARTMENTS
29-49 S Audubon RdIndianapolis, IN 46219
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Ritter Apartments
1708 N Ritter AveIndianapolis, IN 46218
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Broadway Heights
1927 Broadway StIndianapolis, IN 46202
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PICCADILLY
28 E 16th StIndianapolis, IN 46202
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Sebring Court
1902 Parsons DrIndianapolis, IN 46224
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Irvington Living I
4741 E Washington StIndianapolis, IN 46201
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Charleston East Apartments
6938 E 10th StIndianapolis, IN 46219
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Carlyle Court
951 Carlyle LnIndianapolis, IN 46240
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Heather Ridge
3245 Heather Ridge DrIndianapolis, IN 46214
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Pickwick Farms Apartments
1540 Handball LnIndianapolis, IN 46260
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Crossroads at Madison
4725 Madison AveIndianapolis, IN 46227
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The Reserve at White River
2774 Pixel RdIndianapolis, IN 46222
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Madison Apartments
226 E 12th StIndianapolis, IN 46202
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Lake Camelot Apartments
6475 Excalibur CtIndianapolis, IN 46268
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South & Madison
1819 Madison Village DrIndianapolis, IN 46227
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Compton Court Apartments
6126 Compton StIndianapolis, IN 46220
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Eagledale Senior Apartments
2930 Lafayette RdIndianapolis, IN 46222
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Lafayette Landing at Kessler
2333 Lafayette RdIndianapolis, IN 46222
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Bavarian Village Apartments
3001 Bavarian West DrIndianapolis, IN 46235
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Ashton Park
2917-3039 E 47th StIndianapolis, IN 46205
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7 Pointe Apartments
4724 Round Lake RdIndianapolis, IN 46205
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Indiana Flats and Townhomes
735 W 11th StIndianapolis, IN 46202
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Lawrence Glen
8633 E 46th StIndianapolis, IN 46226
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Stonegate Apartments
1220-1226 N Illinois StIndianapolis, IN 46202
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Waterstone Place Apartments
2755 Merlin Lake DrIndianapolis, IN 46229
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Hubbard Gardens
4004 Meadows DrIndianapolis, IN 46205
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Grand Oaks
7215 Grand Ritz LnIndianapolis, IN 46237
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Brookhaven at County Line Senior Apartments
940 Wild Indigo LnIndianapolis, IN 46227
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Chateau De Ville
5303 Rue De VilleIndianapolis, IN 46220
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The George Apartment Homes
5810 Sebring DrIndianapolis, IN 46254
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Fountain Lake Villas
2220 E Stop 13 RdIndianapolis, IN 46227
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Chapel Hill Apartments
7452 Bentley DrIndianapolis, IN 46214
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Stetson Senior Apartments
703 E 30th StIndianapolis, IN 46205
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Creekside Square Phase II
5836 Hunnewell DrIndianapolis, IN 46254
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550 Fletcher Ave
550 Fletcher AveIndianapolis, IN 46203
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Georgetown Woods Senior Apartments
5360 Georgetown RdIndianapolis, IN 46254
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The Haciendas
3816 Trilbey DrIndianapolis, IN 46235
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Chelsea Manor
1451 Central AveIndianapolis, IN 46202
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The Jameson
1854 Century WayIndianapolis, IN 46260
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Aspen Pointe Apartments
5838 W Mooresville RdIndianapolis, IN 46221
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The Life at Creekside Reserve
4514 Candletree CirIndianapolis, IN 46254
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Foxhill Manor Cooperative
2339 N Fox Hill CtIndianapolis, IN 46228
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Northwoods Apartments
816 Winding Brook East DrIndianapolis, IN 46234
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The Lodge Apartments
4816 Alsuda DrIndianapolis, IN 46205
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Crestwood Village North
9225 Garrison DrIndianapolis, IN 46240
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The Pennsylvania
919 N Pennsylvania StIndianapolis, IN 46204
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PENN ARTS
111 E 16th StIndianapolis, IN 46202
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Freeman Apartments
9117 Briergate CtIndianapolis, IN 46229
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Honey Creek Apartments
3510 N High School RdIndianapolis, IN 46224
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 | $1,158 | $595 | $5,671 |
| Indianapolis 1 Bedroom Apartments | $1,371 | $497 | $4,842 |
| Indianapolis 2 Bedroom Apartments | $1,630 | $563 | $6,212 |
| Indianapolis 3 Bedroom Apartments | $2,029 | $825 | $10,000+ |
| Indianapolis 4 Bedroom Apartments | $1,651 | $600 | $10,000+ |
| Indianapolis 5 Bedroom Apartments | $9,642 | $1,000 | $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 $700.
What is the price of a cheap apartment in Indianapolis?
The cheapest apartment in Indianapolis is East Village at Avondale Meadows Apartments which is listed at $579, while the average apartment in Indianapolis costs $2,634.
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 9,222 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 $372 which is $2,262 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.
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.