
Cheap Apartments for Rent in Indianapolis, IN from $300 with Swimming Pool (265 Rentals) Page 5 of 6
Search the lowest-cost Apartments available for rent right now in Indianapolis.


Murphy's Landing

Industry Indianapolis

Circa Apartments

North Willow

The Reserve at Franklin Glenn I LP

The Grounds

Stanford Court

Polo Run Apartments

Stafford Pointe

The Fairways at Valle Vista

Beech Meadow Apartments

Gladden Farms

Westminster Apartments and Townhomes

LaCabreah Apartments

Yorktowne Farms Community

Washington Village Apartments

Camby Crossing

Auburn Place Apartments

Summit Pointe

Willow Glen South

Ashmore Trace

Stonehedge Apartments

The Kent at Carmel City Center

Metropolitan Fishers

Copper Chase at Stones Crossing

Riley Crossing at Gateway Park

The Rail at 1380

Sand Creek Woods

Lakeside at Walnut Hills

The Brixton

Crown Plaza

The Reserve at William's Glen

Devonshire Apartments

Woodland Springs Apartment Homes

Lantern Woods Apartments

Providence at Old Meridian

Bella Vista Apartments

Sunblest Apartments

Governor Square

Lavina

Sunlake Apartments

Alexandria of Carmel Apartments

Steeplechase at Shiloh Crossing
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 | $1,160 | $595 | $5,274 |
| Indianapolis 1 Bedroom Apartments | $1,369 | $495 | $4,618 |
| Indianapolis 2 Bedroom Apartments | $1,641 | $563 | $5,706 |
| Indianapolis 3 Bedroom Apartments | $2,017 | $899 | $10,000+ |
| Indianapolis 4 Bedroom Apartments | $1,658 | $600 | $10,000+ |
| Indianapolis 5 Bedroom Apartments | $14,075 | $9,116 | $10,000+ |
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 Meridian Towers listed at $629.
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 $775 at One Somerset.
What is the most affordable Indianapolis Three Bedroom Apartment?
The best deal on a cheap Indianapolis Three Bedroom Apartment rental is at El Dorado Apartments and starts from $1,035.
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.
Articles, How-To's, and Tips

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.

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.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!





