close
View Me
Rent Specials
$783 - $1,316Studio to 2 Bedroom Apartments Available Now
Mariners Village
7135 Islander DrIndianapolis, IN 46214
Cheap Loft Style Apartments for Rent in Indianapolis, IN from $300 (16 Rentals)
Loft Style Apartments in Indianapolis.
Cheap Apartments in Indianapolis.
close
View Me
$860 - $1,4551 to 3 Bedroom Apartments Available Now
Bristol Square
10333 E 25th StIndianapolis, IN 46229
close
View Me
$899 - $1,4501 to 3 Bedroom Apartments Available Now
Lake Marina Apartments
9515 Shoreland LnIndianapolis, IN 46229
close
View Me
Rent Specials
$899 - $1,9751 to 2 Bedroom Apartments Available Now
The Continental Towers at Vermont Place
410 N Meridian StIndianapolis, IN 46204
close
View Me
$1,016 - $1,688Studio to 2 Bedroom Apartments Available Now
Maxwell Apartments
530 E Ohio Street, Suite CIndianapolis, IN 46204
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.
close
View Me
Rent Specials
$1,050 - $1,6751 to 3 Bedroom Apartments Available Now
The Residences on 56th Street
6800 Brendon Way W DrIndianapolis, IN 46226
close
View Me
Rent Specials
$1,059 - $1,205Studio to 2 Bedroom Apartments Available Now
Avia Lofts at Founders Road
3553 Founders RdIndianapolis, IN 46268
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.
close
View Me
$1,140 - $1,6951 to 3 Bedroom Apartments Available Now
Woods of Castleton
8281 Clearvista PkyIndianapolis, IN 46256
close
View Me
$1,150 - $1,4751 to 2 Bedroom Apartments Available Now
Crooked Creek
3947 Point Bar RdIndianapolis, IN 46268
close
View Me
$1,105 - $1,975Studio to 2 Bedroom Apartments Available Now
Canal Overlook Apartments
430 N Indiana AveIndianapolis, IN 46202
close
View Me
$1,195 - $1,5751 to 2 Bedroom Apartments Available Now
Temple Lofts
1225 Dr Martin Luther King Jr StIndianapolis, IN 46202
close
View Me
$1,228 - $3,064Studio to 3 Bedroom Apartments Available Now
Circa Apartments
617 N CollegeIndianapolis, IN 46204
close
View Me
Rent Specials
$1,240 - $8,260Studio to 3 Bedroom Apartments Available Now
CityWay
229 S Delaware StIndianapolis, IN 46204
close
View Me
$1,265 - $1,935Studio to 2 Bedroom Apartments Available Now
The E'Laan
515 E Market StIndianapolis, IN 46204
close
View Me
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.
close
View Me
$1,280 - $1,9851 to 3 Bedroom Apartments Available Now
Woods of Britton
13791 Old Oak DrFishers, IN 46038
Showing Results 1-16, Page 1 of 1
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
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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
Do you know the Indianapolis area?
Let everyone know!
Write a Review
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 Oxmoor Indy which is listed at $699, 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.