
Top Rated Cheap Apartments for Rent in Indianapolis, IN from $300 (150 Rentals) Page 3 of 3
Top Rated Apartments in Indianapolis.
Cheap Apartments in Indianapolis.


The MK

Bradford Park

Crestwood Village South

VITRA Apartments

Beech Meadow Apartments

The Fairways at Valle Vista

Courts of Valle Vista

St. Andrews

The Brixton

The Kent at Carmel City Center

Main Street on the Monon

Brownsburg Crossing

Total Monthly Price
Summit Pointe

Arbuckle

Flats at Switch

Dublin Glen Apartments

Hunter Ridge Apartments

Madison at Greenwood

Total Monthly Price
Copper Chase at Stones Crossing

Woodland Springs Apartment Homes

Sunlake Apartments

Sunblest Apartments

Double Creek Flats Apartments

Woods of Britton

Flats at Stones Crossing

The Flats at Fishers Marketplace

Nickel Plate Station

Total Monthly Price
Grove Crossing

Avant

Apex at Perry Crossing

River Place Flats

Overture at Proscenium Apartments

Riley Crossing at Gateway Park

Village Crossing

Hobbs Station

Old Town On The Monon

Satori Flats

Total Monthly Price
Fishers Run Senior Apartments

Reveal on Cumberland Apartments

The Residences at Carmel City Center

Greenwood Oaks

Clearview

The U

Sugar Creek Apartments

Parkside Apartments

Bexley Village

Preserve Of Avon

Spark Apartments

Penn Circle
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 | $1,232 | $595 | $5,869 |
| Indianapolis 1 Bedroom Apartments | $1,391 | $544 | $5,711 |
| Indianapolis 2 Bedroom Apartments | $1,667 | $650 | $9,128 |
| Indianapolis 3 Bedroom Apartments | $2,030 | $799 | $9,756 |
| Indianapolis 4 Bedroom Apartments | $2,383 | $600 | $10,000+ |
| Indianapolis 5 Bedroom Apartments | $6,297 | $1,300 | $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 a cheap apartment in Indianapolis?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Indianapolis is under $700.
What is the price of a cheap apartment in Indianapolis?
The cheapest apartment in Indianapolis is The Villages at Mill Crossing which is listed at $669, while the average apartment in Indianapolis costs $2,540.
What types of apartments are the cheapest in Indianapolis?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 6,793 regular apartments in Indianapolis that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Indianapolis?
Cheap apartments in Indianapolis have an average cost of $341 which is $2,199 cheaper than the average rent for all rentals in Indianapolis.
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.