358 W 26th St
IndianapolisIN46208
Cheap 3 Bedroom Apartments for Rent in Indianapolis, IN from $900 (74 Rentals)
449 S Butler Ave
IndianapolisIN46219
554 N Parker Ave
IndianapolisIN46201
940 N Ewing St
IndianapolisIN46201
3019 Boulevard Pl
IndianapolisIN46208
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$1,012 - $1,2003 Bedroom Apartments Available Now
El Dorado Apartments
3621 Lawnview LnIndianapolis, IN 46222
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$1,090 - $1,4753 Bedroom Apartments Available Now
Strawbridge Green
4649 Strawbridge StIndianapolis, IN 46237
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$1,099 - $1,2093 Bedroom Apartments Available Now
The Pines at SoBro
5018 Lemans DrIndianapolis, IN 46205
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$1,124 - $1,9373 Bedroom Apartments Available Now
The Meridian North and South
2085 Waterford PlIndianapolis, IN 46260
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$1,149 - $1,5093 Bedroom Apartments Available Now
Broad Ripple Trails
5220 Luzzane DrIndianapolis, IN 46220
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.
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$1,149 - $1,4953 Bedroom Apartments Available Now
Estates at Crystal Bay
7136 Crystal Bay Dr EIndianapolis, IN 46260
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$1,155 - $1,3053 Bedroom Apartments Available Now
Timber Point Apartments
6201 Newberry RdIndianapolis, IN 46256
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$1,170 - $1,3203 Bedroom Apartments Available Now
Brookwood Apartments
5301 S Turtle Creek South DrIndianapolis, IN 46227
3942 Cornelius Ave
IndianapolisIN46208
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$1,210 - $1,5143 Bedroom Apartments Available Jan 16
34 North Apartments
3402 N Meridian StIndianapolis, IN 46208
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$1,225 - $1,4553 Bedroom Apartments Available Now
Bristol Square
10333 E 25th StIndianapolis, IN 46229
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$1,2493 Bedroom Apartments Contact Us For Availability
Cumberland Manor
931 Spy Run RdIndianapolis, IN 46229
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$1,250 - $1,3503 Bedroom Apartments Available Jan 16
Union at 16th
2152 Emrich LnIndianapolis, IN 46222
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$1,250 - $1,3503 Bedroom Apartments Available Now
The Stratford
3201 Watergate RdIndianapolis, IN 46224
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$1,275 - $1,3453 Bedroom Apartments Available Now
Horizons Apartments
4955 Red Horizon BlvdIndianapolis, IN 46221
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.
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$1,2753 Bedroom Apartments Available Now
Jade North Apartments
6565 N College AveIndianapolis, IN 46220
3504 N Kenwood Ave
IndianapolisIN46208
925 N Sheffield Ave
IndianapolisIN46222
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$1,279 - $1,4093 Bedroom Apartments Available Now
The Fields Apartment Homes
3215 N Alton AveIndianapolis, IN 46222
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$1,299 - $1,4803 Bedroom Apartments Available Now
Berkley Commons
8201 Madison AveIndianapolis, IN 46227
3926 Malibu Dr
IndianapolisIN46226
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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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$1,3003 Bedroom Apartment Available Now
2322 Guilford Ave, Unit A
2322 Guilford AveIndianapolis, IN 46205
400 N Grant Ave
IndianapolisIN46201
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.
2945 N Denny St
IndianapolisIN46218
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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.
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 | $1,195 | $595 | $5,350 |
| Indianapolis 1 Bedroom Apartments | $1,379 | $597 | $4,512 |
| Indianapolis 2 Bedroom Apartments | $1,648 | $563 | $6,064 |
| Indianapolis 3 Bedroom Apartments | $2,045 | $900 | $10,000+ |
| Indianapolis 4 Bedroom Apartments | $1,641 | $600 | $10,000+ |
| Indianapolis 5 Bedroom Apartments | $14,704 | $1,000 | $10,000+ |
Explore Indianapolis
Indianapolis, IN Local Guide
- Indianapolis Neighborhoods
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Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
Read ArticleYour Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters
Learn About the Best Neighborhoods to Rent Near College Campuses in Indianapolis, IN | Find Charlotte Indianapolis Student Housing at ApartmentHomeLiving.com
Read ArticleQuick 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.
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
Indianapolis, IN Area Reviews
Do you know the Indianapolis area?
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 $700.
What is the price of a cheap apartment in Indianapolis?
The cheapest apartment in Indianapolis is El Dorado Apartments which is listed at $1,008, while the average apartment in Indianapolis costs $2,901.
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 9,520 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 $374 which is $2,527 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
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
How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.
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.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!