
Cheap Apartments for Rent in Indianapolis, IN from $300 with Swimming Pool (320 Rentals) Page 2 of 7
Search the lowest-cost Apartments available for rent right now in Indianapolis.


Prairies

Woodhaven Park

Bristol Square

Total Monthly Price
9 On Canal

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The Maywood at Speedway

Ninth Avenue Apartments

Spinnaker Court

The Hermitage

Summerwood on Towne Line Apartments
Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods
Discover the heart of the Midwest! Learn about popular Indianapolis neighborhoods to rent like Speedway and Eagledale, plus top universities and can't-miss places to eat.

Total Monthly Price
Horizons Apartments

Berkley Commons

Warren Harbor Apartments

Total Monthly Price
Apartments @ Marten Court

Thompson Village Apartments

The Grove on 79th

The Hills Apartment Homes

Brockton

Woodbrook

Total Monthly Price
ReNew at the Crossing
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.

The Woods of Eagle Creek

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Garden Pointe Apartments

Meridian Lakes

Oakbrook Village

River West Flats

The Life at Belhaven Place

Willow Glen East

Williamsburg North

Total Monthly Price
Avia Lofts at Founders Road

10 West Apartments
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.

Eagle Lake Landing

Deercross Apartments

Total Monthly Price
Lakeshore Reserve Off 86th Apartments and Townhomes

Trails at Lakeside

Circle City

The Grove on Harcourt

Suncrest

Total Monthly Price
Lake Castleton Apartments

Emerson Village

The Oasis
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

Beechmill Apartments

Idlewood Apartments

Total Monthly Price
Riverbend Apartments

Teal Run Apartments

Auburn Hills Apartments

Summit at Keystone

Lockefield Gardens

Total Monthly Price
Lakeside Crossing at Eagle Creek Apartments and Townhomes

Waterford Place Apartments

The Domino
Check Out Indianapolis’s Best Affordable Neighborhoods
Learn about Indianapolis and the best places to live with original content written by our Local Expert Wendy Melton
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 | $1,169 | $590 | $4,832 |
| Indianapolis 1 Bedroom Apartments | $1,380 | $497 | $4,086 |
| Indianapolis 2 Bedroom Apartments | $1,632 | $545 | $6,254 |
| Indianapolis 3 Bedroom Apartments | $2,033 | $626 | $8,543 |
| Indianapolis 4 Bedroom Apartments | $1,863 | $600 | $10,000+ |
| Indianapolis 5 Bedroom Apartments | $10,422 | $950 | $10,000+ |
Explore Indianapolis
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 the Cheapest Studio apartment in Indianapolis?
Currently the most affordable Cheap Studio Apartment in Indianapolis is at D&T Nest listed at $575.
How much is rent for a Cheap One Bedroom Indianapolis Apartment?
The lowest price for a Cheap One Bedroom Indianapolis Apartment is $649 at Volrath.
What is the lowest price for a Cheap Two Bedroom Indianapolis Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Indianapolis is starting from $485 at Postbrook East Apartments.
What is the most affordable Indianapolis Three Bedroom Apartment?
The best deal on a cheap Indianapolis Three Bedroom Apartment rental is at Maison Gardens Apartments and starts from $870.
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.

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.
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.