
Cheap Short Term Lease Apartments for Rent in Indianapolis, IN from $300 (157 Rentals) Page 3 of 4
Short Term Rental Options.
Cheap Apartments in Indianapolis.


The Jameson

The Villages of Bent Tree Apartments

Buffalo Creek Apartments

Estates of Creekside Apartments

Harbour Pointe

Enclave at Eagle Creek Apartments

Wyckford Commons

Apollo & Aurora Apartments

Creekside Square Phase II

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

Arborwood Apartments

The Lodge Apartments

The Fort Apartments

Blacherne Apartments

Crestwood Village South

Turnverein Apartments

Auburn Place

Carmel Woods

Willow Glen South

Washington Village Apartments
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.

Sanctuary at Fishers

Metropolitan Fishers

Steeplechase at Shiloh Crossing

Dublin Glen Apartments

Hunter Ridge Apartments

Woodland Springs Apartment Homes

Brownsburg Crossing

Prairie Lakes

Avon Creek

Residences on Ronald Reagan
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

Flats at Switch

Hillcrest Apartments

Sunlake Apartments

Foundry at Heartland Crossing

McCord Square Apartments

Governor Square

Total Monthly Price
Copper Chase at Stones Crossing

Furnished Studio-Indianapolis - Greenwood

Wilshaw

Kensington Gardens
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Reserve at Williams Glen

Providence at Old Meridian

Mezz 42

Wellington Place

The Seasons of Carmel

Pullman Pointe

Riley Crossing at Gateway Park

Park Lane Apartments

The Legend at Speedway

Pebble Creek
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
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 | $1,202 | $556 | $6,490 |
| Indianapolis 1 Bedroom Apartments | $1,378 | $518 | $3,999 |
| Indianapolis 2 Bedroom Apartments | $1,656 | $650 | $10,000+ |
| Indianapolis 3 Bedroom Apartments | $2,049 | $799 | $8,492 |
| Indianapolis 4 Bedroom Apartments | $2,690 | $600 | $8,480 |
| Indianapolis 5 Bedroom Apartments | $7,337 | $2,800 | $10,000+ |
Browse Top Apartments in Indianapolis
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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 $700.
What is the price of a cheap apartment in Indianapolis?
The cheapest apartment in Indianapolis is 1010 Central which is listed at $518, while the average apartment in Indianapolis costs $1,384.
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 5,052 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 $298 which is $1,086 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

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.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.