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2 Bedroom Apartments
Ritter Apartments
1708 N Ritter AveIndianapolis, IN 46218
Cheap 2 Bedroom Apartments for Rent in Indianapolis, IN from $545 (542 Rentals) Page 8 of 11
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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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Proctor Place
240 N Warman AveIndianapolis, IN 46222
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The Wash Apartments
4741 E Washington StIndianapolis, IN 46201
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Lake Camelot Apartments
6475 Excalibur CtIndianapolis, IN 46268
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Charleston East Apartments
6938 E 10th StIndianapolis, IN 46219
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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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South & Madison
1819 Madison Village DrIndianapolis, IN 46227
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Windsor Court
7302 Queen Anne CtIndianapolis, IN 46227
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Compton Court Apartments
6126 Compton StIndianapolis, IN 46220
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Lafayette Landing at Kessler
2333 Lafayette RdIndianapolis, IN 46222
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Eagledale Senior Apartments
2930 Lafayette RdIndianapolis, IN 46222
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Sebring Court
1902 Parsons DrIndianapolis, IN 46224
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Oakbrook Village
6098 Georgetown RdIndianapolis, IN 46254
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Carlyle Court
951 Carlyle LnIndianapolis, IN 46240
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Brookhaven Apartments
3900 N Shadeland AveIndianapolis, IN 46226
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7 Pointe Apartments
4724 Round Lake RdIndianapolis, IN 46205
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Lawrence Landing
6875 Faris AveIndianapolis, IN 46226
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Fountain Parc
4901 Whitton PlIndianapolis, IN 46220
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Lawrence Glen
8633 E 46th StIndianapolis, IN 46226
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Spicewood
354 Spicewood DrIndianapolis, IN 46227
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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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Pavilion Place
1701 N Central AveIndianapolis, IN 46202
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Bavarian Village Apartments
3001 Bavarian West DrIndianapolis, IN 46235
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Peppermill Farms
6830 Mill View DrIndianapolis, IN 46226
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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
5810 Sebring DrIndianapolis, IN 46254
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Aspen Pointe Apartments
5838 W Mooresville RdIndianapolis, IN 46221
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Stetson Senior Apartments
703 E 30th StIndianapolis, IN 46205
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Chapel Hill Apartments
7452 Bentley DrIndianapolis, IN 46214
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Fountain Lake Villas
2220 E Stop 13 RdIndianapolis, IN 46227
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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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10 West Apartments
7855 Cimarron TrlIndianapolis, IN 46214
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The Haciendas
3816 Trilbey DrIndianapolis, IN 46235
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Georgetown Woods Senior Apartments
5360 Georgetown RdIndianapolis, IN 46254
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Chelsea Manor
1451 Central AveIndianapolis, IN 46202
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Villa Del Sol Apartments
3636 Mission DrIndianapolis, IN 46224
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The Jameson
1854 Century WayIndianapolis, IN 46260
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The Rotherwood Apartments
1503 N Pennsylvania StIndianapolis, IN 46202
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Ninth Avenue Apartments
4651 Mimi DrIndianapolis, IN 46237
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Estates of Creekside Apartments
8055 Crossing DrIndianapolis, IN 46227
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 Postbrook East Apartments which is listed at $485, while the average apartment in Indianapolis costs $2,862.
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 10,456 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 $389 which is $2,473 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.