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$1,115 - $3,234Studio to 3 Bedroom Apartments Available Now
The Kent at Carmel City Center
301 American Way NCarmel, IN 46032
Top Rated Cheap Apartments for Rent in Indianapolis, IN from $300 (125 Rentals) Page 3 of 3
Top Rated Apartments in Indianapolis.
Cheap Apartments in Indianapolis.
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$1,134 - $1,999Studio to 3 Bedroom Apartments Available Now
Main Street on the Monon
60 Knoll CtCarmel, IN 46032
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$1,135 - $4,025Studio to 3 Bedroom Apartments Available Now
The Residences at Carmel City Center
720 S Rangeline RdCarmel, IN 46032
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$1,172 - $3,319Studio to 3 Bedroom Apartments Available Now
The Flats at Fishers Marketplace
9588 Ambleside DrFishers, IN 46038
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$1,2002 Bedroom Apartments Available Sep 15
Dublin Glen Apartments
510 Enderly AveBrownsburg, IN 46112
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$1,230 - $1,2752 Bedroom Apartments Available Now
Hunter Ridge Apartments
250 N East StPlainfield, IN 46168
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$1,234 - $2,1041 to 3 Bedroom Apartments Available Sep 30
Woodland Springs Apartment Homes
3008 Warren WayCarmel, IN 46033
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$1,235 - $1,7851 to 3 Bedroom Apartments Available Now
Brownsburg Crossing
1122 Windhaven CirBrownsburg, IN 46112
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$1,237 - $2,037Studio to 2 Bedroom Apartments Available Now
Madison at Greenwood
523 S Madison AveGreenwood, IN 46142
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$1,246 - $1,917
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1 to 3 Bedroom Apartments Available NowTotal Monthly Price
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$1,246 - $1,917
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Copper Chase at Stones Crossing
2345 Thorium DrGreenwood, IN 46143
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
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$1,265 - $1,730
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1 to 3 Bedroom Apartments Available NowTotal Monthly Price
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$1,265 - $1,730
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Summit Pointe
2400 E Main StGreenwood, IN 46143
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$1,270 - $1,9101 to 2 Bedroom Apartments Available Now
Flats at Switch
9 Municipal DrFishers, IN 46038
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$1,275 - $1,7591 to 3 Bedroom Apartments Available Now
Regency Preserve
1971 Carlton BlvdAvon, IN 46123
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$1,290 - $2,4991 to 3 Bedroom Apartments Available Now
Sunlake Apartments
12347 Windsor East DrFishers, IN 46038
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$1,290 - $2,4991 to 3 Bedroom Apartments Available Aug 27
Sunblest Apartments
11757 Garden Cir EFishers, IN 46038
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$1,292 - $2,970Studio to 2 Bedroom Apartments Available Now
Nickel Plate Station
11671 Maple StFishers, IN 46038
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$1,299 - $2,2001 to 3 Bedroom Apartments Available Now
Flats at Stones Crossing
1490 St Clare WayGreenwood, IN 46143
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$1,299 - $2,819Studio to 3 Bedroom Apartments Available Now
Hobbs Station
2870 Pearsons PkyPlainfield, IN 46168
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Studio to 2 Bedroom Apartments
Clearview
715 Clearview DrGreenwood, IN 46143
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2 Bedroom Apartments
Beech Grove Station Senior Apartments
240 Buckley DrBeech Grove, IN 46107
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
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1 to 3 Bedroom Apartments
The U
2425 Albany StBeech Grove, IN 46107
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1 to 2 Bedroom Apartments
Parkside Apartments
1100 Holly CtPlainfield, IN 46168
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1 to 2 Bedroom Apartments
Bexley Village
700 Bexley PlGreenwood, IN 46143
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2 Bedroom Apartments
Sugar Creek Apartments
4291-4298 Eclipse WayNew Palestine, IN 46163
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1 to 4 Bedroom Apartments
Preserve Of Avon
563 W Edge TrlAvon, IN 46123
Showing Results 101-125, Page 3 of 3
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 | $1,192 | $556 | $6,490 |
| Indianapolis 1 Bedroom Apartments | $1,382 | $518 | $4,113 |
| Indianapolis 2 Bedroom Apartments | $1,669 | $650 | $10,000+ |
| Indianapolis 3 Bedroom Apartments | $2,047 | $799 | $9,205 |
| Indianapolis 4 Bedroom Apartments | $2,425 | $600 | $8,585 |
| Indianapolis 5 Bedroom Apartments | $6,114 | $950 | $10,000+ |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Top Apartments in Indianapolis
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Indianapolis, IN Area Reviews
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Write a ReviewWendy • 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 $699.
What is the price of a cheap apartment in Indianapolis?
The cheapest apartment in Indianapolis is 1010 Central which is listed at $518, while the average apartment in Indianapolis costs $1,390.
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 5,864 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 $301 which is $1,089 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
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.
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.
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.
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.
Articles, How-To's, and Tips
First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.
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.