
Cheap Apartments for Rent in Indianapolis, IN from $300 with Swimming Pool (230 Rentals) Page 3 of 5
Search the lowest-cost Apartments available for rent right now in Indianapolis.


College Courts

Aura Apartments

Westpark Townhomes

Country Lake Estates

Parkside at Castleton Square Apartments and Townhomes

Artistry Indy

Avery Point Apartments

Lakeshore Reserve Off 86th Apartments and Townhomes

Total Monthly Price
9 On Canal
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.

Oak Lake at Crooked Creek

Abney Lake

Woods of Castleton

Oak Park

The Lenox Apartment Homes

Eagle Lake Landing

The Hermitage

Fallwood

Lakeside Crossing at Eagle Creek Apartments and Townhomes

Overlook at Valley Ridge 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.

The Residence at White River Apartments

Fox Club

Pier 39 Apartments & Townhomes

The Lodge at Trails Edge

The Eclipse Apartment Homes

The Residences on 56th

Vetra 5480

Edison at Meridian Hills

TGM Shadeland Station

Autumn Chase
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

Waterfront Pointe

Cedar Ridge

Aberdeen Apartments

Veridian Castleton

Windsor Park

Riley Towers

Ashton Brook

Lakeshore Apartments

Forest Ridge Apartment Homes

Total Monthly Price
ReNew at the Crossing

TGM Avalon Lake

Chelsea Village

Bayview Club Apartments

Creek Bay

Eagle Creek by Spark Living

Center Point

Total Monthly Price
Indy 7925

Teal Run Apartments

Solana Apartments

Sundance Apartments
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 | $1,241 | $595 | $6,179 |
| Indianapolis 1 Bedroom Apartments | $1,391 | $544 | $4,532 |
| Indianapolis 2 Bedroom Apartments | $1,659 | $650 | $9,238 |
| Indianapolis 3 Bedroom Apartments | $2,015 | $799 | $9,756 |
| Indianapolis 4 Bedroom Apartments | $1,879 | $600 | $6,569 |
| Indianapolis 5 Bedroom Apartments | $6,369 | $1,175 | $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 The Villages at Mill Crossing listed at $590.
How much is rent for a Cheap One Bedroom Indianapolis Apartment?
The lowest price for a Cheap One Bedroom Indianapolis Apartment is $669 at The Villages at Mill Crossing.
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 $492 at Proctor Place.
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

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.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.