
2 Bedroom Apartments for Rent in Indianapolis, IN Under $1,500 (558 Rentals) Page 7 of 12


330 N Arsenal Ave

332 N Arsenal Ave

408-408 N Parker Ave

706 N Bosart Ave

824 Udell St

3709-3711 Kinnear Ave

3441 Prospect St

2240 Ransdell St

2238 Ransdell St

1210 N Goodlet Ave

1468 W 32nd St

9037 S Eldorado Dr

2216-2216 Norden Ct

4912 E Washington St

3534 Doctor M.L.K. Jr St

401 S Randolph St

1301 N Olney St

1505 N Tuxedo St

1133 N Olney St

Three Fountains West Cooperative

Charmwood Terrace

Mayfield Green Cooperative

Addison Creek

Slate Run Lofts

The Overlook at Riverdale- Marian University

Stonekey Apartments

Brownstone Apartments

Arlington Terrace Apartments

Peppermill Farms

16 Park Apartments

Garfield Place

Lakes at Crossbridge

SUITES OF IRVINGTON

New Bridge Apartments

Sunstone at Arlington Woods

Wexford on Bishops Pond

Red Maple Grove

East Ridge

Marblehead

Cloverleaf Apartments & Townhomes

Whispering Pines

Hampshire Court

Reserves at Warren Park

Canal Gardens

The Regal Apartments

Pinewood Village Apartments

Overlook at the Fairgrounds

Maison Gardens

Monon Station Apartments
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 | $1,161 | $595 | $5,203 |
| Indianapolis 1 Bedroom Apartments | $1,377 | $497 | $4,895 |
| Indianapolis 2 Bedroom Apartments | $1,634 | $563 | $6,227 |
| Indianapolis 3 Bedroom Apartments | $2,043 | $950 | $9,966 |
| Indianapolis 4 Bedroom Apartments | $1,979 | $600 | $10,000+ |
| Indianapolis 5 Bedroom Apartments | $7,478 | $1,000 | $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 East Village at Avondale Meadows Apartments listed at $569.
How much is the average rent for a 2 Bedroom Indianapolis Apartment?
The average rent for a 2 Bedroom Apartment in Indianapolis is $1,634.
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 $2,599 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 1,054 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

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.