
Cheap Apartments for Rent in Indianapolis, IN from $300 with Swimming Pool (254 Rentals) Page 4 of 6
Search the lowest-cost Apartments available for rent right now in Indianapolis.


Monon Living

Waterfront Pointe

TGM Avalon Lake

Canal Square

Crooked Creek

Riley Towers

Enclave at Eagle Creek Apartments

Aberdeen Apartments at Heartland Crossing

Aspen Lakes

Eagle Lake Landing

LINDEN SQUARE

Latitudes Apartments

Ralston Apartments

Lakeshore Apartments

Circa Apartments

River Crossing

The Marott Apartments

The Elliott at College Park Apartment Homes

The Domino

9 On Canal

Murphy's Landing

Vanguard at 16 Tech

Nook Nine

Southern Dunes

Bayview Club Apartments

Riverchase Apartments

The 85Twenty

Lakes of Windsor

Versa

EAGLE CHASE APARTMENTS

Sundance Apartments

Wesley Place

THE GRANDE RESERVE AT GEIST

Rise on Meridian

Gardens of Canal Court

The Fort Apartments

Indy 7925

The Stella

The E'Laan

Historic Marcy Village

CityWay

River Ridge

The Reserve at Franklin Glenn I LP

Wesmont

Notch at Nora

Polo Run 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 | $1,263 | $595 | $8,251 |
Indianapolis 1 Bedroom Apartments | $1,388 | $597 | $5,280 |
Indianapolis 2 Bedroom Apartments | $1,661 | $695 | $5,803 |
Indianapolis 3 Bedroom Apartments | $2,050 | $1,015 | $10,000+ |
Indianapolis 4 Bedroom Apartments | $1,572 | $550 | $4,438 |
Indianapolis 5 Bedroom Apartments | $4,323 | $1,050 | $8,350 |
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.
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 Stratford listed at $520.
How much is rent for a Cheap One Bedroom Indianapolis Apartment?
The lowest price for a Cheap One Bedroom Indianapolis Apartment is $684 at Union at 16th.
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 $565 at Hopeside I.
What is the most affordable Indianapolis Three Bedroom Apartment?
The best deal on a cheap Indianapolis Three Bedroom Apartment rental is at East Village at Avondale Meadows Apartments and starts from $950.
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.

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.