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$1,275 - $3,340Built in 2023Studio to 2 Bedroom Apartments Available Now
Muse Carmel
1685 E 116th StCarmel, IN 46032
Cheap New Apartments for Rent in Indianapolis, IN from $300 (64 Rentals) Page 2 of 2
Search the lowest-cost Apartments available for rent right now in Indianapolis.
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$1,276 - $1,875Built in 20201 to 2 Bedroom Apartments Available Now
Pullman Pointe
11110 Lantern RdFishers, IN 46038
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$1,280 - $2,624Built in 2021Studio to 2 Bedroom Apartments Available Now
Nickel Plate Station
11671 Maple StFishers, IN 46038
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$1,280 - $4,466Built in 2025Studio to 3 Bedroom Apartments Available Now
The Wren & The Windsor
750 Veterans WayCarmel, IN 46032
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$1,288 - $11,670Built in 2023Studio to 3 Bedroom Apartments Available Now
Lavina
7520 Alluvium StNoblesville, IN 46062
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$1,295 - $2,075Built in 20241 to 2 Bedroom Apartments Available Now
McCord Square Apartments
5812 Main StMcCordsville, IN 46055
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$1,299 - $2,619Built in 2024Studio to 3 Bedroom Apartments Available Now
Hobbs Station
2870 Pearsons PkyPlainfield, IN 46168
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Built in 20211 to 2 Bedroom Apartments
SouthPointe Village Apartments
11245 Lantern RdFishers, IN 46038
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Built in 20241 to 2 Bedroom Apartments
The Village at Sandstone Apartments
1039 N Paz DrGreenwood, IN 46142
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Built in 20241 to 2 Bedroom Apartments
The Foundry at Heartland Crossing
8396 E Gunnoah WayCamby, IN 46113
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 | $1,266 | $595 | $5,274 |
| Indianapolis 1 Bedroom Apartments | $1,410 | $597 | $4,532 |
| Indianapolis 2 Bedroom Apartments | $1,686 | $695 | $8,198 |
| Indianapolis 3 Bedroom Apartments | $2,057 | $1,015 | $10,000+ |
| Indianapolis 4 Bedroom Apartments | $1,664 | $550 | $4,917 |
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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.
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 $699.
What is the price of a cheap apartment in Indianapolis?
The cheapest apartment in Indianapolis is Harpers Crossing which is listed at $438, while the average apartment in Indianapolis costs $2,308.
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 3,362 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 $394 which is $1,914 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.
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.
The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.