close
View Me
Rent Specials
$1,259 - $2,0291 to 3 Bedroom Apartments Available Now
Gateway Crossing Apartments
7457 N Kensington WayMcCordsville, IN 46055
Cheap Apartments for Rent with Specials in Indianapolis, IN from $300 (235 Rentals) Page 5 of 5
Rental Listings with Specials.
Cheap Apartments in Indianapolis.
close
View Me
Rent Specials
$1,269 - $2,2021 to 3 Bedroom Apartments Available Now
The Ascent Apartments of Plainfield
2471 Ascent WayPlainfield, IN 46168
close
View Me
Rent Specials
$1,272 - $3,8421 to 3 Bedroom Apartments Available Now
Devonshire Apartments
1100 Devonshire E DrGreenwood, IN 46143
close
View Me
Rent Specials
$1,279 - $1,6811 to 2 Bedroom Apartments Available Now
Union Green
5793 Green StBrownsburg, IN 46112
close
View Me
Rent Specials
$1,287 - $3,502Studio to 3 Bedroom Apartments Available Now
The State at Fishers Apartments
10510 Kings Wy RdFishers, IN 46037
close
View Me
Rent Specials
$1,295 - $2,2601 to 2 Bedroom Apartments Available Now
McCord Square Apartments
5812 Main StMcCordsville, IN 46055
close
View Me
Rent Specials
$1,296 - $1,777
Total Monthly Price
1 to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,272 - $1,753
Required Monthly Fees
$24
Total Monthly Price
$1,296 - $1,777
Lakes of Carmel
382 Arbor DrCarmel, IN 46032
close
View Me
Rent Specials
$1,300 - $1,9001 to 4 Bedroom Apartments Available Now
Gladden Farms Apartments
311 Country LnPlainfield, IN 46168
close
View Me
Rent Specials
$1,319 - $1,8091 to 2 Bedroom Apartments Available Now
The Gallery Apartments
35 Rosewalk CirCarmel, IN 46032
close
View Me
Rent Specials
$1,319 - $2,0191 to 3 Bedroom Apartments Available Now
Central Park Apartments
750 Central Park Dr EPlainfield, IN 46168
close
View Me
Rent Specials
$1,329 - $2,2851 to 3 Bedroom Apartments Available Now
BroadAcre Apartments of McCordsville
5871 BroadAcre DrMcCordsville, IN 46055
close
View Me
Rent Specials
$1,347 - $1,8941 to 2 Bedroom Apartments Available Now
Pullman Pointe
11110 Lantern RdFishers, IN 46038
close
View Me
Rent Specials
$1,349 - $2,479Studio to 3 Bedroom Apartments Available Now
Nese Apartments
7071 Helm StWhitestown, IN 46075
close
View Me
Rent Specials
$1,350 - $1,9341 to 2 Bedroom Apartments Available Now
Satori Flats
129 Satori PkyAvon, IN 46123
close
View Me
Rent Specials
$1,352 - $3,214Studio to 3 Bedroom Apartments Available Now
The Mark at Fishers District
11547 Yard StFishers, IN 46037
close
View Me
Rent Specials
$1,359 - $2,399Studio to 3 Bedroom Apartments Available Now
The Flats at Fishers Marketplace
9588 Ambleside DrFishers, IN 46038
close
View Me
Rent Specials
$1,394 - $2,745Studio to 3 Bedroom Apartments Available Now
Wild Air Landing
8476 Archer DrZionsville, IN 46077
close
View Me
Rent Specials
$1,395 - $2,1451 to 3 Bedroom Apartments Available Now
Arlington Farms
2755 Red Bloom DrGreenwood, IN 46143
close
View Me
Rent Specials
$1,395 - $3,195
Total Monthly Price
1 to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,207 - $3,007
Required Monthly Fees
$188
Total Monthly Price
$1,395 - $3,195
Carmel Center
675 Beacon StCarmel, IN 46032
close
View Me
Rent Specials
$1,400 - $1,950
Total Monthly Price
1 to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,365 - $1,915
Required Monthly Fees
$35
Total Monthly Price
$1,400 - $1,950
Riley Crossing at Gateway Park
6857 Poetry PlGreenfield, IN 46140
close
View Me
Rent Specials
$1,409 - $1,9471 to 2 Bedroom Apartments Available Now
Wilshaw
1525 N Main StSpeedway, IN 46224
close
View Me
Rent Specials
$1,410 - $2,598
Total Monthly Price
1 to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,302 - $2,490
Required Monthly Fees
$108
Total Monthly Price
$1,410 - $2,598
Apex at Perry Crossing
2673 Appalachian WayPlainfield, IN 46168
close
View Me
Rent Specials
$1,421 - $1,8981 to 2 Bedroom Apartments Available Now
Foundry at Heartland Crossing
8396 E Gunnoah WayCamby, IN 46113
close
View Me
Rent Specials
$1,422 - $4,447Studio to 3 Bedroom Apartments Available Now
Avant
12890 Old Meridian StCarmel, IN 46032
close
View Me
Rent Specials
$1,434 - $2,051
Total Monthly Price
1 to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,316 - $1,933
Required Monthly Fees
$118
Total Monthly Price
$1,434 - $2,051
Greenview
5790 Sunrise WayWhitestown, IN 46075
close
View Me
Rent Specials
$1,440 - $2,085
Total Monthly Price
1 to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,385 - $2,030
Required Monthly Fees
$55
Total Monthly Price
$1,440 - $2,085
The Hangar on Emerson
1140 E Emerson Pointe DrGreenwood, IN 46143
close
View Me
Rent Specials
$1,449 - $3,2491 to 3 Bedroom Apartments Available Now
Hyde Park Towns & Flats
13957 Royal Park DrNoblesville, IN 46060
close
View Me
Rent Specials
$1,450 - $2,125
Total Monthly Price
1 to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,327 - $2,002
Required Monthly Fees
$123
Total Monthly Price
$1,450 - $2,125
District South
8681 Edison Plaza DrFishers, IN 46038
close
View Me
Rent Specials
$1,479 - $7,490Studio to 3 Bedroom Apartments Available Now
Lavina
7520 Alluvium StNoblesville, IN 46062
close
View Me
Rent Specials
$1,496 - $2,6401 to 2 Bedroom Apartments Available Now
VER at Proscenium Apartments
1225 Veterans WayCarmel, IN 46032
close
View Me
Rent Specials
$1,4992 Bedroom Apartments Available Now
Greenwood Oaks
714 Connors DrGreenwood, IN 46143
close
View Me
Rent Specials
$1,499 - $2,8991 to 3 Bedroom Apartments Available Now
The E - Elevated Living in Whitestown
5821 Elevated WayWhitestown, IN 46075
close
View Me
Rent Specials
$1,499 - $2,368
Total Monthly Price
1 to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,381 - $2,250
Required Monthly Fees
$118
Total Monthly Price
$1,499 - $2,368
The Grove
5813 Lilliana LnWhitestown, IN 46075
close
View Me
Rent Specials
$1,499 - $2,8451 to 3 Bedroom Apartments Available Now
The Steadman Apartments of Carmel
11325 Springmill RdCarmel, IN 46032
close
View Me
Rent Specials
$1,500 - $2,0001 to 2 Bedroom Apartments Available Now
Kensington Gardens
7298 Kensington WayMcCordsville, IN 46055
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 | $1,156 | $595 | $5,671 |
| Indianapolis 1 Bedroom Apartments | $1,372 | $497 | $4,773 |
| Indianapolis 2 Bedroom Apartments | $1,631 | $563 | $6,212 |
| Indianapolis 3 Bedroom Apartments | $2,013 | $825 | $9,688 |
| Indianapolis 4 Bedroom Apartments | $1,714 | $600 | $8,192 |
| Indianapolis 5 Bedroom Apartments | $9,458 | $1,000 | $10,000+ |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Explore 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 $705.
What is the price of a cheap apartment in Indianapolis?
The cheapest apartment in Indianapolis is Volrath which is listed at $649, while the average apartment in Indianapolis costs $2,588.
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 9,289 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 $369 which is $2,219 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
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.
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.
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.
Articles, How-To's, and Tips
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.
A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.