
2 Bedroom Apartments for Rent in Indianapolis, IN Under $1,500 (616 Rentals) Page 3 of 13


Harrison Place Apartments

Heritage Apartments

The Avenue

Fox Club

Loch Haven

Waterfront Terrace

Residences at Lawnview

Sawmill Apartments

The Lodge at Trails Edge
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

SOUTHPORT AT BUCK CREEK

Hanna Village

Penn Street Tower Apartments

Parkside at Castleton Square Apartments and Townhomes

Jamestowne Apartments

Castleton Manor Apartments

Parc Bordeaux Apartments

Emerson Village

Aura Apartments

Scandia Apartments
Renting Smart: Lease Basics Every Renter Needs
Demystify Your Rental Lease. Learn the basics about renting, deposits, and tenant/landlord responsibilities. Rent smart and avoid surprises. | Renter University at ApartmentHomeLiving.com

Country Lake Townhomes

Lake Marina Apartments

Total Monthly Price
ReNew at the Crossing

The Life at Belhaven Place

Fisherman's Village

Overlook at Valley Ridge Apartments

The Masters Apartments

Murphy's Landing

Williamsburg North

The Woods of Eagle Creek

Ashton Pointe

Woodlake

Apartments @ Marten Court

Madison Lofts

The Maywood at Speedway

Chateau De Ville

Warren Harbor Apartments

Fountainview Apartments

Knoll Ridge Townhomes

The Reserve at Franklin Glenn

Keeneland Crest Apartments

The Life at Harrison Trails

The Timbers Apartments

Pinnacle West

Park Forest Apartments

Capital Place

Timber Point Apartments

5700 Madison Apartments & Edgewood on Madison

Maple Creek Village

The Life at Wood Springs
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 | $1,215 | $556 | $6,128 |
| Indianapolis 1 Bedroom Apartments | $1,378 | $543 | $4,354 |
| Indianapolis 2 Bedroom Apartments | $1,657 | $650 | $10,000+ |
| Indianapolis 3 Bedroom Apartments | $1,995 | $799 | $8,628 |
| Indianapolis 4 Bedroom Apartments | $2,472 | $600 | $8,291 |
| Indianapolis 5 Bedroom Apartments | $6,002 | $2,800 | $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 2 Bedroom Indianapolis Apartments
What is the Cheapest apartment in Indianapolis with 2 Bedroom?
Currently the most affordable 2 Bedroom in Indianapolis is at Central @ 29 listed at $655.
How much is the average rent for a 2 Bedroom Indianapolis Apartment?
The average rent for a 2 Bedroom Apartment in Indianapolis is $1,657.
What is the largest available 2 Bedroom Indianapolis Apartment for rent?
Today's apartment with the most square footage in Indianapolis is a 2,200 square feet unit starting from $2,749 at Pinnacle on Meridian.
What is the average size for Indianapolis 2 Bedroom Apartments for rent?
The average size for a 2 Bedroom rental in Indianapolis is currently 1,059 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

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
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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
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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.