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Built in 20151 to 2 Bedroom Apartments
The Retreat On Washington
2950 Kirkbride WayIndianapolis, IN 46222
Cheap New Apartments for Rent in Indianapolis, IN from $300 (87 Rentals) Page 2 of 2
Search the lowest-cost Apartments available for rent right now in Indianapolis.
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Built in 2019Studio to 2 Bedroom Apartments
Morton School Senior Apartments
2101 N College AveIndianapolis, IN 46202
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Built in 2016Studio to 2 Bedroom Apartments
Illinois Street Senior Apartments
1352 N Illinois StIndianapolis, IN 46202
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Rent Specials
$965 - $1,420Built in 20151 to 3 Bedroom Apartments Available Now
LaCabreah Apartments
7130 LaCabreah DrBrownsburg, IN 46112
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$1,039 - $1,955Built in 2016Studio to 2 Bedroom Apartments Available Now
Flats at Switch
9 Municipal DrFishers, IN 46038
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
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$1,105 - $3,139Built in 2021Studio to 3 Bedroom Apartments Contact Us For Availability
The Kent at Carmel City Center
301 American Way NCarmel, IN 46032
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$1,119 - $2,285Built in 20251 to 3 Bedroom Apartments Available Now
BroadAcre Apartments of McCordsville
5871 BroadAcre DrMcCordsville, IN 46055
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$1,199 - $1,400Built in 20241 to 2 Bedroom Apartments Available Now
Grace Lane Apartments
42 Manor DrGreenfield, IN 46140
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$1,213 - $2,502Built in 2020Studio to 3 Bedroom Apartments Available Now
The Mark at Fishers District
11547 Yard StFishers, IN 46037
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$1,232 - $1,671Built in 20181 to 2 Bedroom Apartments Available Now
Union Green
5793 Green StBrownsburg, IN 46112
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$1,249 - $6,754Built in 2023Studio to 3 Bedroom Apartments Available Now
Lavina
7520 Alluvium StNoblesville, IN 46062
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$1,249 - $1,838Built in 2023Studio to 2 Bedroom Apartments Available Now
Madison at Greenwood
523 S Madison AveGreenwood, IN 46142
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$1,255 - $3,145Built in 2023Studio to 2 Bedroom Apartments Available Now
Muse Carmel
1685 E 116th StCarmel, IN 46032
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$1,257 - $1,854Built in 20211 to 2 Bedroom Apartments Available Now
The Barlow
234 E Main StPlainfield, IN 46168
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$1,275 - $1,759Built in 20171 to 3 Bedroom Apartments Available Now
Regency Preserve
1971 Carlton BlvdAvon, IN 46123
Check Out Indianapolis’s Best Affordable Neighborhoods
Learn about Indianapolis and the best places to live with original content written by our Local Expert Wendy Melton
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Rent Specials
$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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$1,287 - $3,304Built in 2024Studio to 3 Bedroom Apartments Available Now
The State at Fishers Apartments
10510 Kings Wy RdFishers, IN 46037
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$1,297 - $2,733Built in 2021Studio to 2 Bedroom Apartments Available Now
Nickel Plate Station
11671 Maple StFishers, IN 46038
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$1,299 - $1,947Built in 20181 to 2 Bedroom Apartments Available Now
Wilshaw
1525 N Main StSpeedway, IN 46224
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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 20152 Bedroom Apartments
Beech Grove Station Senior Apartments
240 Buckley DrBeech Grove, IN 46107
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Built in 20241 to 3 Bedroom Apartments
The Village at Sandstone Apartments
1039 N Paz DrGreenwood, IN 46142
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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 | $1,193 | $595 | $5,283 |
| Indianapolis 1 Bedroom Apartments | $1,376 | $597 | $4,466 |
| Indianapolis 2 Bedroom Apartments | $1,645 | $563 | $5,706 |
| Indianapolis 3 Bedroom Apartments | $2,032 | $900 | $10,000+ |
| Indianapolis 4 Bedroom Apartments | $1,643 | $600 | $10,000+ |
| Indianapolis 5 Bedroom Apartments | $22,130 | $10,000 | $10,000+ |
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Indianapolis, IN Area Reviews
Do you know the Indianapolis area?
Let everyone know!
Write a ReviewWendy • 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 $699.
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 $2,932.
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 9,553 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 $373 which is $2,559 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!