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Cheap 3 Bedroom Apartments for Rent in Indianapolis, IN from $801 (71 Rentals)
103-103 N Gladstone Ave
IndianapolisIN46201
401-401.5-4015 N Colorado Ave
IndianapolisIN46201
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$1,105 - $1,5753 Bedroom Apartments Available Sep 11
Strawbridge Green
4649 Strawbridge StIndianapolis, IN 46237
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$1,1103 Bedroom Apartment Available Now
3229 Dr Andrew J Brown Ave, Unit 3227 Dr Andrew J Brown Av
3229 Dr Andrew J Brown AveIndianapolis, IN 46205
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$1,114 - $1,7393 Bedroom Apartments Available Oct 11
The Meridian North and South
2085 Waterford PlIndianapolis, IN 46260
3331 Manor Ct
IndianapolisIN46218
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$1,148 - $1,3083 Bedroom Apartments Available Now
Brookwood Apartments
5301 S Turtle Creek South DrIndianapolis, IN 46227
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Rent Specials
$1,149 - $1,5093 Bedroom Apartments Available Now
Broad Ripple Trails
5220 Luzzane DrIndianapolis, IN 46220
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$1,165 - $1,4153 Bedroom Apartments Available Now
Estates at Crystal Bay
7136 Crystal Bay Dr EIndianapolis, IN 46260
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Rent Specials
$1,199 - $1,3493 Bedroom Apartments Available Now
The Pines at SoBro
5018 Lemans DrIndianapolis, IN 46205
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$1,2003 Bedroom Apartment Available Now
607 N Rural St, Unit 607 N Rural St
607 N Rural StIndianapolis, IN 46201
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$1,225 - $1,4553 Bedroom Apartments Available Now
Bristol Square
10333 E 25th StIndianapolis, IN 46229
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$1,249 - $1,3293 Bedroom Apartments Available Now
Covered Bridge
4909 Covered Bridge RdIndianapolis, IN 46268
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$1,275 - $1,3453 Bedroom Apartments Available Now
Horizons Apartments
4955 Red Horizon BlvdIndianapolis, IN 46221
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$1,2753 Bedroom Apartments Contact Us For Availability
Jade North Apartments
6565 N College AveIndianapolis, IN 46220
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Rent Specials
$1,2793 Bedroom Apartments Available Now
The Fields Apartment Homes
3215 N Alton AveIndianapolis, IN 46222
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$1,280 - $1,4203 Bedroom Apartments Available Now
Timber Point Apartments
6201 Newberry RdIndianapolis, IN 46256
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$1,284 - $1,3443 Bedroom Apartments Contact Us For Availability
Westbury Court
7747 Santa Monica DrIndianapolis, IN 46268
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$1,290 - $1,3993 Bedroom Apartments Available Now
Capital Place
4100 Continental CtIndianapolis, IN 46227
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Rent Specials
$1,2993 Bedroom Apartments Available Now
The Grove on Harcourt
8002 Harcourt RdIndianapolis, IN 46260
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Rent Specials
$1,2993 Bedroom Apartments Available Now
The Hills Apartment Homes
5515 Pleasant Hill CirIndianapolis, IN 46224
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$1,3003 Bedroom Apartments Contact Us For Availability
Sherman Village
4603 S Sherman DrIndianapolis, IN 46237
338 N Temple Ave
IndianapolisIN46201
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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 | $1,201 | $515 | $5,274 |
| Indianapolis 1 Bedroom Apartments | $1,361 | $581 | $4,224 |
| Indianapolis 2 Bedroom Apartments | $1,630 | $695 | $5,706 |
| Indianapolis 3 Bedroom Apartments | $2,014 | $801 | $10,000+ |
| Indianapolis 4 Bedroom Apartments | $1,746 | $550 | $8,705 |
| Indianapolis 5 Bedroom Apartments | $5,592 | $3,034 | $8,151 |
Explore Indianapolis
Indianapolis, IN Local Guide
- Indianapolis Neighborhoods
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Quick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Pet Friendly LifestyleIndianapolis, IN
Ranked #1
Among cities in Indiana for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Indianapolis, IN Rentals by Map
See the most popular apartments and homes in Indianapolis, IN
Getting Around Indianapolis, IN
Walk Score®
50 / 100
Somewhat Walkable
Some errands can be accomplished on foot
Bike Score®
53 / 100
Bikeable
Some bike infrastructure
Transit Score®
29 / 100
Some Transit
A few nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Indianapolis, IN Area Reviews
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Let everyone know!
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Wendy • 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 $675.
What is the price of a cheap apartment in Indianapolis?
The cheapest apartment in Indianapolis is 34 North Apartments which is listed at $801, while the average apartment in Indianapolis costs $2,345.
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 3,449 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 $392 which is $1,953 cheaper than the average rent for all rentals in Indianapolis.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.
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.
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.
The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.