Top Rated Cheap Apartments for Rent in Indianapolis, IN from $300 (120 Rentals) Page 2 of 3

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Top Rated Apartments in Indianapolis.

Cheap Apartments in Indianapolis.

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632MLK
Rent Specials
$1,200 - $2,700Studio to 3 Bedroom Apartments Available Now

632MLK

632 Dr Martin Luther King Jr StIndianapolis, IN 46202
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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.

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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

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Addison Creek
1 to 4 Bedroom Apartments

Addison Creek

58 Port Ocall DrIndianapolis, IN 46224
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PICCADILLY
Studio to 3 Bedroom Apartments

PICCADILLY

28 E 16th StIndianapolis, IN 46202
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The Reserve at White River
1 to 2 Bedroom Apartments

The Reserve at White River

2774 Pixel RdIndianapolis, IN 46222
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Monon Lofts
1 to 2 Bedroom Apartments

Monon Lofts

1122 E 16th StIndianapolis, IN 46202
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520 E Washington St
Studio to 2 Bedroom Apartments

520 E Washington St

520 E Washington StIndianapolis, IN 46204
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City's End
Studio to 2 Bedroom Apartments

City's End

1441 Prospect StIndianapolis, IN 46203
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School 85
1 to 2 Bedroom Apartments

School 85

338 S Arlington AveIndianapolis, IN 46219
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Blacherne Apartments
Studio to 3 Bedroom Apartments

Blacherne Apartments

402 N Meridian StIndianapolis, IN 46204
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Dakota Ridge
1 to 3 Bedroom Apartments

Dakota Ridge

1510 Dakota Ridge DrIndianapolis, IN 46217
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The Vue
Studio to 2 Bedroom Apartments

The Vue

718 E Georgia StIndianapolis, IN 46202
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Pinnex
Studio to 3 Bedroom Apartments

Pinnex

931 Fletcher AveIndianapolis, IN 46203
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Showing Results 51-100, Page 2 of 3

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

  • Parks
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  • Local Vibes
  • Restaurants
  • Location
  • Traffic
  • Public Transportation
  • Outdoor Access
  • Cost of Living
  • Safety

Wendy • 3+ years in Indianapolis

August 10, 2025

One 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

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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.

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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.

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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!