
Cheap New Apartments for Rent in Indianapolis, IN from $300 (104 Rentals) Page 2 of 3
Search the lowest-cost Apartments available for rent right now in Indianapolis.


520 E Washington St

The Retreat On Washington

Morton School Senior Apartments

The Congress at Library Square

Illinois Street Senior Apartments

632 MLK Apartments

Preserve at Willow Springs

Cox Creek at Reagan Crossing

The Overlook at Riverdale- Marian University

The Barlow

Residences on Ronald Reagan

LaCabreah Apartments

The Madison at Greenwood

The Arbuckle

Regency Preserve

Muse Carmel

The Wren & The Windsor

Nickel Plate Station

Lavina

McCord Square Apartments

Hobbs Station

Union Green

Double Creek Flats Apartments

Pullman Pointe

Grove Crossing

The State at Fishers Apartments

The Flats at Fishers Marketplace

Riley Crossing at Gateway Park

BroadAcre Apartments of McCordsville

Flats At Stones Crossing

Avant

The Olivia

The Ascent Apartments of Plainfield

Echo Park at Perry Crossing

Greenview

Apex at Perry Crossing

Alinium at Zionsville

Arlington Farms

Mezz 42

SouthPointe Village Apartments

The Village at Sandstone Apartments
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 | $1,265 | $595 | $5,274 |
Indianapolis 1 Bedroom Apartments | $1,409 | $597 | $4,845 |
Indianapolis 2 Bedroom Apartments | $1,686 | $695 | $8,343 |
Indianapolis 3 Bedroom Apartments | $2,075 | $1,039 | $10,000+ |
Indianapolis 4 Bedroom Apartments | $1,687 | $550 | $5,211 |
Explore Indianapolis
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 $689.
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 $2,338.
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 3,477 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 $401 which is $1,937 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.