2 Bedroom Apartments for Rent in Indianapolis, IN Under $1,500 (576 Rentals) Page 2 of 12

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Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods

Discover the heart of the Midwest! Learn about popular Indianapolis neighborhoods to rent like Speedway and Eagledale, plus top universities and can't-miss places to eat.

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Indy 7925
Rent Specials
$1,288 - $1,659
Total Monthly Price

Total Monthly Price

Base Rent
$1,248 - $1,821
Total Monthly Price
Varies
2 Bedroom Apartments Available Now

Indy 7925

7925 Palawan DrIndianapolis, IN 46239
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The 85Twenty
Rent Specials
$1,323 - $1,574
Total Monthly Price

Total Monthly Price

Base Rent
$1,245 - $1,813
Total Monthly Price
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2 Bedroom Apartments Available Now

The 85Twenty

8520 Sierra Ridge DrIndianapolis, IN 46239
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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Check Out Indianapolis’s Best Affordable Neighborhoods

Learn about Indianapolis and the best places to live with original content written by our Local Expert Wendy Melton

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Ralston Apartments
Rent Specials
$1,499 - $2,279
Total Monthly Price

Total Monthly Price

Base Rent
$1,170 - $3,283
Total Monthly Price
Varies
2 Bedroom Apartments Available Jun 11

Ralston Apartments

1201 Indiana AveIndianapolis, IN 46202
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Showing Results 51-100, Page 2 of 12

Indianapolis, IN Area Reviews

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Wendy • 3+ years in Indianapolis

August 10, 2025

One of Indiana's most beautiful cities!

Frequently Asked Questions about 2 Bedroom Indianapolis Apartments

What is the Cheapest apartment in Indianapolis with 2 Bedroom?

Currently the most affordable 2 Bedroom in Indianapolis is at The Villages at Mill Crossing listed at $545.

How much is the average rent for a 2 Bedroom Indianapolis Apartment?

The average rent for a 2 Bedroom Apartment in Indianapolis is $1,655.

What is the largest available 2 Bedroom Indianapolis Apartment for rent?

Today's apartment with the most square footage in Indianapolis is a 1,800 square feet unit starting from $3,329 at Riley Towers.

What is the average size for Indianapolis 2 Bedroom Apartments for rent?

The average size for a 2 Bedroom rental in Indianapolis is currently 1,058 sq ft.

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

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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.

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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.

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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.

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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

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.