
Cheap Pet Friendly Apartments for Rent in Indianapolis, IN from $543 (746 Rentals) Page 13 of 15
Pet Friendly Indianapolis Rentals.
Cheap Apartments in Indianapolis.


Westminster Apartments and Townhomes

Cedarbrook

The Wren & The Windsor

Ashmore Trace

Brixton

Washington Village Apartments

The Kent at Carmel City Center

Sanctuary at Fishers

Dublin Glen Apartments

Main Street on the Monon

80-82 North 5th Avenue, Unit 82 North 5th Avenue

Steeplechase at Shiloh Crossing

Sand Creek Woods

The Gallery Apartments

7355 Westchester Dr

Foundry at Heartland Crossing

Total Monthly Price
BroadAcre Apartments of McCordsville

Grace Lane Apartments

Bella Vista Apartments

Canyon Club at Perry Crossing

Gramercy

Crown Plaza

Avon Creek

Woodland Springs Apartment Homes

Brownsburg Crossing

Total Monthly Price
Summit Pointe

Lavina

Vita Senior Apartments

Madison at Greenwood

Park Madison Apartments

Prairie Lakes

Alexandria of Carmel Apartments

Devonshire Apartments

Regency Preserve

Residences on Ronald Reagan

Sunblest Apartments

Sunlake Apartments

Hillcrest Apartments

Total Monthly Price
Lakeside at Walnut Hills

Flats at Stones Crossing

McCord Square Apartments

Elevate 311 Apartments

The Flats at Fishers Marketplace

Governor Square

Flats at Switch

Lakes of Carmel

Central Park Apartments

Greystone of Noblesville

The Barlow
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 | $1,212 | $556 | $6,128 |
| Indianapolis 1 Bedroom Apartments | $1,388 | $543 | $4,663 |
| Indianapolis 2 Bedroom Apartments | $1,667 | $650 | $10,000+ |
| Indianapolis 3 Bedroom Apartments | $2,003 | $799 | $8,628 |
| Indianapolis 4 Bedroom Apartments | $2,294 | $600 | $7,441 |
| Indianapolis 5 Bedroom Apartments | $5,847 | $2,800 | $10,000+ |
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Indianapolis, IN Area Reviews
Wendy • 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 Central @ 29 which is listed at $543, while the average apartment in Indianapolis costs $1,392.
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 5,799 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 $285 which is $1,107 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

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.

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.
Articles, How-To's, and Tips

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.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.