
Cheap Apartments for Rent in Indianapolis, IN from $300 with Swimming Pool (230 Rentals) Page 4 of 5
Search the lowest-cost Apartments available for rent right now in Indianapolis.


The Masters Apartments

Vanguard at 16 Tech

Riverchase Apartments

Latitudes Apartments

Summerwood on Towne Line Apartments

Aspen Lakes

The Reserve at Franklin Glenn

Lockerbie Lofts

LINDEN SQUARE

Total Monthly Price
Ralston Apartments

River Crossing

Park at Eagle Creek

Total Monthly Price
The 85Twenty

Ivy Knoll Apartments

The Domino

River Ridge Apartments

Wesley Place

Stone Ridge Flats and Townhomes

Versa

North Willow

The Preserve on Allisonville Townhomes

Southern Dunes

Shore Acres

Lakes of Windsor

Rise on Meridian

Harrison Place Apartments

Historic Marcy Village

Notch at Nora

Total Monthly Price
The Otis at Fort Ben Apartments

Wesmont

The Stella

The Grounds

Castle Creek Apartments

Addison Creek

Mayfield Green Cooperative

Stanford Court

Polo Run Apartments

Stafford Pointe

The Fairways at Valle Vista

Beech Meadow Apartments

Yorktowne Farms Community

Auburn Place

Willow Glen South

LaCabreah Apartments

Westminster Apartments and Townhomes

The Brixton

The Wren & The Windsor in Carmel City Center

Gateway Crossing Apartments

The Kent at Carmel City Center
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.