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$775 - $1,399Studio to 2 Bedroom Apartments Available Now
Mariners Village
7135 Islander DrIndianapolis, IN 46214
Cheap Loft Style Apartments for Rent in Indianapolis, IN from $300 (15 Rentals)
Loft Style Apartments in Indianapolis.
Cheap Apartments in Indianapolis.
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$860 - $1,4551 to 3 Bedroom Apartments Available Now
Bristol Square
10333 E 25th StIndianapolis, IN 46229
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$899 - $1,4001 to 3 Bedroom Apartments Available Now
Lake Marina Apartments
9515 Shoreland LnIndianapolis, IN 46229
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$979 - $1,439Studio to 2 Bedroom Apartments Available Now
Avia Lofts at Founders Road
3553 Founders RdIndianapolis, IN 46268
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$1,050 - $1,6751 to 3 Bedroom Apartments Available Now
The Residences on 56th Street
6800 Brendon Way W DrIndianapolis, IN 46226
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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$1,092 - $1,4001 to 2 Bedroom Apartments Available Now
800 Capitol
800 N Capitol AveIndianapolis, IN 46204
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$1,099 - $1,249Studio Apartments Available Now
Lofts on Madison
501 Madison AveIndianapolis, IN 46225
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$1,145 - $1,7051 to 3 Bedroom Apartments Available Now
Woods of Castleton
8281 Clearvista PkyIndianapolis, IN 46256
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$1,175 - $1,4251 to 2 Bedroom Apartments Available Feb 6
Crooked Creek
3947 Point Bar RdIndianapolis, IN 46268
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$1,183 - $2,376Studio to 3 Bedroom Apartments Available Now
Circa Apartments
617 N CollegeIndianapolis, IN 46204
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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$1,224 - $5,643Studio to 3 Bedroom Apartments Available Now
CityWay
229 S Delaware StIndianapolis, IN 46204
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$1,225 - $1,5991 to 2 Bedroom Apartments Available Now
Iron Trail
7600 Pennsy PkyIndianapolis, IN 46229
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Studio to 2 Bedroom Apartments
Slate Run Lofts
9555 International DrIndianapolis, IN 46268
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$1,246 - $2,8151 to 3 Bedroom Apartments Available Now
Alexandria of Carmel Apartments
1411 Fairfax Manor DrCarmel, IN 46032
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$1,280 - $1,9851 to 3 Bedroom Apartments Available Now
Woods of Britton
13791 Old Oak DrFishers, IN 46038
What Exactly Is a Loft Style Apartment?
Apartments come in many varieties. Among these, the so-called ‘Loft Apartment’ usually features higher ceilings, and larger windows, and frequently includes industrial design elements.
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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 | $1,176 | $595 | $5,271 |
| Indianapolis 1 Bedroom Apartments | $1,379 | $597 | $5,451 |
| Indianapolis 2 Bedroom Apartments | $1,640 | $563 | $4,788 |
| Indianapolis 3 Bedroom Apartments | $2,019 | $900 | $10,000+ |
| Indianapolis 4 Bedroom Apartments | $1,642 | $600 | $10,000+ |
| Indianapolis 5 Bedroom Apartments | $14,521 | $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
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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 $705.
What is the price of a cheap apartment in Indianapolis?
The cheapest apartment in Indianapolis is Volrath which is listed at $649, while the average apartment in Indianapolis costs $2,876.
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 9,668 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 $365 which is $2,511 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
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.
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!