
Cheap Apartments for Rent with Specials in Indianapolis, IN from $300 (135 Rentals)Page 2 of 3
Rental Listings with Specials.
Cheap Apartments in Indianapolis.


Oak Park

TGM Avalon Lake

Chateau in the Woods

Edge 35

Country Lake Estates

Drake Street Garden Homes

CityView on Meridian

Castleton Manor Apartments

Oak Lake at Crooked Creek

Benjamin Court

Forte Apartments

Carriage House West

Hanna Village Apartments

Lofts on Madison

Avia Lofts at Founders Road

Historic Marcy Village

Lakeshore Reserve Off 86th Apartments and Townhomes

The Elliott at College Park Apartment Homes

Canal Square

Martinique Terrace

Trails at Lakeside

Mann Village Apartments

Ralston Apartments

The Park at Greenhill

Parkside at Castleton Square Apartments and Townhomes

TGM Autumn Woods

Eagle Lake Landing

Crooked Creek

Eagle Creek Apartments

Estates of Creekside Apartments

Bishop Pond Residences Apartments

The Retreat Northwest

EAGLE CHASE APARTMENTS

Artistry Indy

Gathyr Apartments

Residence on Penn

Indy Colonial Apartments

Berkley Commons

Riverchase Apartments

The Residence at White River Apartments

The Timbers Apartments

Union Square

Bayview Club Apartments

Wesmont

The Domino

7302 East Washington Street, Unit A

Wyndham Apartments

82 Flats At The Crossing

Quarry at River North
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 | $1,253 | $585 | $5,493 |
Indianapolis 1 Bedroom Apartments | $1,422 | $335 | $4,500 |
Indianapolis 2 Bedroom Apartments | $1,692 | $700 | $9,703 |
Indianapolis 3 Bedroom Apartments | $1,982 | $1,000 | $8,833 |
Indianapolis 4 Bedroom Apartments | $2,132 | $700 | $4,140 |
Indianapolis 5 Bedroom Apartments | $4,571 | $2,135 | $10,000+ |
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 $725.
What is the price of a cheap apartment in Indianapolis?
The cheapest apartment in Indianapolis is Stone Lake which is listed at $650, while the average apartment in Indianapolis costs $2,568.
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 2,334 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 $315 which is $2,253 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.

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.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.