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Built in 2017Studio to 2 Bedroom Apartments
The Congress at Library Square
923 N Meridian StIndianapolis, IN 46204
Cheap New Apartments for Rent in Indianapolis, IN from $300 (67 Rentals)Page 2 of 2
Cheap Apartments in Indianapolis.
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from $1,065Built in 20151 to 3 Bedroom Apartments Available Now
LaCabreah Apartments
7130 LaCabreah DrBrownsburg, IN 46112
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from $1,244Built in 2023Studio to 2 Bedroom Apartments Available Now
The Madison at Greenwood
523 S Madison AveGreenwood, IN 46142
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from $1,251Built in 20171 to 3 Bedroom Apartments Available Now
Regency Preserve
1971 Carlton BlvdAvon, IN 46123
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from $1,269Built in 20161 to 2 Bedroom Apartments Available Now
Flats at Switch
9 Municipal DrFishers, IN 46038
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Rent Specials
from $1,275Built in 20171 to 3 Bedroom Apartments Available Now
The Ascent Apartments of Plainfield
2471 Ascent WayPlainfield, IN 46168
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from $1,279Built in 20241 to 3 Bedroom Apartments Available Now
The Village at Sandstone Apartments
1039 N Paz DrGreenwood, IN 46142
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from $1,280Built in 2021Studio to 2 Bedroom Apartments Available Now
Nickel Plate Station
11671 Maple StFishers, IN 46038
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from $1,287Built in 20231 to 3 Bedroom Apartments Available Now
Flats At Stones Crossing
1490 St Clare WayGreenwood, IN 46143
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from $1,290Built in 20211 to 2 Bedroom Apartments Available Now
The Barlow
234 E Main StPlainfield, 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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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 | $1,237 | $585 | $6,201 |
| Indianapolis 1 Bedroom Apartments | $1,410 | $280 | $4,640 |
| Indianapolis 2 Bedroom Apartments | $1,698 | $700 | $9,508 |
| Indianapolis 3 Bedroom Apartments | $1,986 | $1,000 | $7,405 |
| Indianapolis 4 Bedroom Apartments | $2,064 | $700 | $4,140 |
| Indianapolis 5 Bedroom Apartments | $3,859 | $1,600 | $10,000+ |
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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 $725.
What is the price of a cheap apartment in Indianapolis?
The cheapest apartment in Indianapolis is Stone Lake which is listed at $650, while the average apartment in Indianapolis costs $2,572.
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 2,435 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 $315 which is $2,257 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.
Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.
Rise of Digital Nomads: Remote Work Tips for Apartment Renters
Written by: Brandie Parton
As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Written by: Christine Leonard, Esq.
Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.