Cheap New Apartments for Rent in Indianapolis, IN from $300 (147 Rentals) Page 3 of 3

How Many Bedrooms?Done
Select your price rangeDone
to
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Apartments available for rent right now in Indianapolis.

close
View Me
Kinnley Court
Built in 20181 to 2 Bedroom Apartments

Kinnley Court

3650 Clarks Creek RdPlainfield, IN 46168
Senior Living
  • Utilities Included
close
View Me
Haven Homes
Built in 20211 to 3 Bedroom Apartments

Haven Homes

556 Ally BlvdPlainfield, IN 46168
  • Utilities Included
close
View Me
Cumberland Cottages
Built in 20242 to 3 Bedroom Apartments

Cumberland Cottages

13995 Cumberland RdFishers, IN 46038
close
View Me
The Gables
Built in 20181 to 4 Bedroom Apartments

The Gables

826 Ryland StGreenwood, IN 46143
  • Utilities Included
close
View Me
Harpers Crossing
Built in 20221 to 3 Bedroom Apartments

Harpers Crossing

311 Harpers CrossingPlainfield, IN 46168
close
View Me
Verge
Built in 20191 to 3 Bedroom Apartments

Verge

764 Greenwood Springs DrGreenwood, IN 46143
close
View Me
The District
Built in 20161 to 3 Bedroom Apartments

The District

13110 Baden DrFishers, IN 46037
close
View Me
Highpointe on Meridian
Built in 20151 to 3 Bedroom Apartments

Highpointe on Meridian

13415 Highpointe BlvdCarmel, IN 46032
close
View Me
Mosaic Apartments
Built in 20181 to 3 Bedroom Apartments

Mosaic Apartments

8155 Montage AveAvon, IN 46123
close
View Me
Bailey Park
Built in 20151 to 2 Bedroom Apartments

Bailey Park

7774 Bedford CtBrownsburg, IN 46112
close
View Me
Spark Apartments
Built in 20191 to 3 Bedroom Apartments

Spark Apartments

8800 North StFishers, IN 46038
Showing Results 101-147, Page 3 of 3

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

  • Parks
  • Entertainment
  • Local Vibes
  • Restaurants
  • Location
  • Traffic
  • Public Transportation
  • Outdoor Access
  • Cost of Living
  • Safety

Wendy • 3+ years in Indianapolis

August 10, 2025

One 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 $715.

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 $2,696.

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 8,571 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 $375 which is $2,321 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.

decorative image for A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Indianapolis article

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.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

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.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

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.