close
View Me
Built in 20211 to 2 Bedroom Apartments
SouthPointe Village Apartments
11245 Lantern RdFishers, IN 46038
Cheap New Apartments for Rent in Indianapolis, IN from $424 (111 Rentals) Page 3 of 3
Search the lowest-cost Apartments available for rent right now in Indianapolis.
close
View Me
Built in 20211 to 3 Bedroom Apartments
Haven Homes
556 Ally BlvdPlainfield, IN 46168
close
View Me
Built in 20242 to 3 Bedroom Apartments
Cumberland Cottages
13995 Cumberland RdFishers, IN 46038
close
View Me
Built in 20181 to 2 Bedroom Apartments
Kinnley Court
3650 Clarks Creek RdPlainfield, IN 46168
close
View Me
Built in 20181 to 4 Bedroom Apartments
The Gables
826 Ryland StGreenwood, IN 46143
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.
close
View Me
Built in 20161 to 3 Bedroom Apartments
The District
13110 Baden DrFishers, IN 46037
close
View Me
Built in 20191 to 3 Bedroom Apartments
Spark Apartments
8800 North StFishers, IN 46038
close
View Me
Built in 20191 to 3 Bedroom Apartments
Harmony Apartment Homes
1601 Waterleaf DrWestfield, IN 46074
close
View Me
Built in 20191 to 3 Bedroom Apartments
Verge
764 Greenwood Springs DrGreenwood, IN 46143
close
View Me
Built in 20181 to 3 Bedroom Apartments
Mosaic Apartments
8155 Montage AveAvon, IN 46123
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
close
View Me
Built in 2023Studio to 2 Bedroom Apartments
Randall Residence at Gateway Park
6338 W Quiet RdGreenfield, IN 46140
Showing Results 101-111, Page 3 of 3
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 | $1,223 | $579 | $5,271 |
| Indianapolis 1 Bedroom Apartments | $1,396 | $543 | $8,132 |
| Indianapolis 2 Bedroom Apartments | $1,663 | $513 | $10,000+ |
| Indianapolis 3 Bedroom Apartments | $2,030 | $799 | $7,822 |
| Indianapolis 4 Bedroom Apartments | $2,246 | $600 | $8,291 |
| Indianapolis 5 Bedroom Apartments | $6,179 | $2,192 | $10,000+ |
Browse Top Apartments in Indianapolis
See all Apartments in IndianapolisExplore Indianapolis
Let everyone know!
Do you know the Indianapolis area?
If you’re an expert on all things Indianapolis, tell us what you love (and don't) by rating it and writing a review.
Write a Review
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 $675.
What is the price of a cheap apartment in Indianapolis?
The cheapest apartment in Indianapolis is Harpers Crossing which is listed at $424, while the average apartment in Indianapolis costs $1,397.
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 7,253 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 $289 which is $1,108 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
Welcome to Indy: A Local Expert's Guide to the City's Best Short-Term Rental Neighborhoods
Written by: Wendy Melton
My name is Wendy, and I am the local expert for ApartmentHomeLiving.com in the Indianapolis area. Being born and raised in Indiana, I know the true meaning of Hoosier hospitality.
Indys Innovation Hub: Top Indianapolis Employers and the Neighborhoods that Welcome You Home
Written by: Wendy Melton
Indianapolis is truly the heart of the Midwest. No matter what career path you choose, opportunities for advancement are everywhere.
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.
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.
Articles, How-To's, and Tips
How Commercial-to-Residential Property Conversions Help the Housing Crisis
Written by: Robin Stewart
Many housing markets throughout America share a common complaint: a lack of affordable rental properties.
Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.
First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.