Cheap 2 Bedroom Apartments for Rent in Indianapolis, IN from $650 (612 Rentals) Page 9 of 13

How Many Bedrooms?Done
Select your price rangeDone
to
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done
close
View Me
Abbey Meadows
2 Bedroom Apartments

Abbey Meadows

259 N Shortridge RdIndianapolis, IN 46219
  • Utilities Included
close
View Me
412 N Bradley Ave
2 Bedroom Apartments

412 N Bradley Ave

412 N Bradley AveIndianapolis, IN 46201
close
View Me
Magnolia Living
2 Bedroom Apartments

Magnolia Living

3330-3340 N Meridian StIndianapolis, IN 46208
  • Utilities Included
close
View Me
Elmtree Park
2 Bedroom Apartments

Elmtree Park

11023 Elmtree Park DrIndianapolis, IN 46229
close
View Me
Broadway Heights
2 Bedroom Apartments

Broadway Heights

1927 Broadway StIndianapolis, IN 46202
close
View Me
Colonial Park
2 Bedroom Apartments

Colonial Park

4421 E Washington StIndianapolis, IN 46201
  • Utilities Included
close
View Me
Ritter Apartments
2 Bedroom Apartments

Ritter Apartments

1708 N Ritter AveIndianapolis, IN 46218
close
View Me
Saxony Court
2 Bedroom Apartments

Saxony Court

29-49 S Audubon RdIndianapolis, IN 46219
  • Utilities Included
close
View Me
PICCADILLY
2 Bedroom Apartments

PICCADILLY

28 E 16th StIndianapolis, IN 46202
close
View Me
The Wash Apartments
2 Bedroom Apartments

The Wash Apartments

4741 E Washington StIndianapolis, IN 46201
  • Utilities Included
close
View Me
Heather Ridge
2 Bedroom Apartments

Heather Ridge

3245 Heather Ridge DrIndianapolis, IN 46214
  • Utilities Included
close
View Me
Dogwood Glen
2 Bedroom Apartments

Dogwood Glen

2390 Woodglen DrIndianapolis, IN 46260
close
View Me
South & Madison
2 Bedroom Apartments

South & Madison

1819 Madison Village DrIndianapolis, IN 46227
close
View Me
Oakbrook Village
2 Bedroom Apartments

Oakbrook Village

6098 Georgetown RdIndianapolis, IN 46254
close
View Me
Proctor Place
2 Bedroom Apartments

Proctor Place

240 N Warman AveIndianapolis, IN 46222
close
View Me
Clifford Corners
2 Bedroom Apartments

Clifford Corners

3101 E 10th StIndianapolis, IN 46201
close
View Me
Windsor Court
2 Bedroom Apartments

Windsor Court

7302 Queen Anne CtIndianapolis, IN 46227
close
View Me
Aragon Woods
2 Bedroom Apartments

Aragon Woods

8172 Aragon Woods DrIndianapolis, IN 46214
close
View Me
Sebring Court
2 Bedroom Apartments

Sebring Court

1902 Parsons DrIndianapolis, IN 46224
close
View Me
Carlyle Court
2 Bedroom Apartments

Carlyle Court

951 Carlyle LnIndianapolis, IN 46240
close
View Me
The Sterling
2 Bedroom Apartments

The Sterling

8020 Madison AveIndianapolis, IN 46227
close
View Me
Ashton Park
2 Bedroom Apartments

Ashton Park

2917-3039 E 47th StIndianapolis, IN 46205
close
View Me
Lawrence Landing
2 Bedroom Apartments

Lawrence Landing

6875 Faris AveIndianapolis, IN 46226
  • Utilities Included
close
View Me
Lawrence Glen
2 Bedroom Apartments

Lawrence Glen

8633 E 46th StIndianapolis, IN 46226
close
View Me
10 West Apartments
2 Bedroom Apartments

10 West Apartments

7855 Cimarron TrlIndianapolis, IN 46214
Corporate Housing
close
View Me
Stonegate Apartments
2 Bedroom Apartments

Stonegate Apartments

1220-1226 N Illinois StIndianapolis, IN 46202
  • Utilities Included
close
View Me
Hubbard Gardens
2 Bedroom Apartments

Hubbard Gardens

4004 Meadows DrIndianapolis, IN 46205
  • Utilities Included
close
View Me
Grand Oaks
2 Bedroom Apartments

Grand Oaks

7215 Grand Ritz LnIndianapolis, IN 46237
  • Utilities Included
close
View Me
Peppermill Farms
2 Bedroom Apartments

Peppermill Farms

6830 Mill View DrIndianapolis, IN 46226

Indianapolis, IN Area Reviews

  • Parks
  • Entertainment
  • Local Vibes
  • Restaurants
  • Location
  • Traffic
  • Public Transportation
  • Outdoor Access
  • Cost of Living
  • Safety

Wendy3+ years in Indianapolis

August 10, 2025

One 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

decorative image for Indys Innovation Hub: Top Indianapolis Employers and the Neighborhoods that Welcome You Home article

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.

decorative image for Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods article

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.

decorative image for Your Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters article

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.

decorative image for A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Indianapolis article

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.

Articles, How-To's, and Tips

decorative image for Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags   article

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.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

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.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention   article

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.