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$1,355 - $2,1171 to 3 Bedroom Apartments Available Now
Flats at Stones Crossing
1490 St Clare WayGreenwood, IN 46143
Top Rated Cheap Apartments for Rent in Indianapolis, IN from $300 (181 Rentals) Page 4 of 4
Top Rated Apartments in Indianapolis.
Cheap Apartments in Indianapolis.
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$1,376 - $3,4441 to 3 Bedroom Apartments Available Oct 12
Reveal on Cumberland Apartments
11723 Watermark WayFishers, IN 46037
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$1,381 - $2,9411 to 3 Bedroom Apartments Available Now
Westhaven Luxury Apartments
7105 Westhaven CirZionsville, IN 46077
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$1,3891 Bedroom Apartments Available Now
Apex at Perry Crossing
2673 Appalachian WayPlainfield, IN 46168
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$1,390 - $3,9501 to 3 Bedroom Apartments Available Now
The Depot At Nickel Plate
8594 E 116th StFishers, IN 46038
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$1,391 - $3,8051 to 3 Bedroom Apartments Available Now
Echo Park at Perry Crossing
2650 Creekhollow RdPlainfield, IN 46168
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$1,392 - $2,3121 to 2 Bedroom Apartments Available Now
VER at Proscenium Apartments
1225 Veterans WayCarmel, IN 46032
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$1,393 - $2,0561 to 2 Bedroom Apartments Available Oct 23
Pullman Pointe
11110 Lantern RdFishers, IN 46038
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$1,395 - $2,8951 to 3 Bedroom Apartments Available Now
Carmel Center
675 Beacon StCarmel, IN 46032
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$1,395 - $2,0451 to 3 Bedroom Apartments Available Now
Arlington Farms
2755 Red Bloom DrGreenwood, IN 46143
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$1,401 - $2,3071 to 2 Bedroom Apartments Available Now
Flats at Switch
9 Municipal DrFishers, IN 46038
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$1,415 - $1,9451 to 3 Bedroom Apartments Available Now
The Hangar on Emerson
1140 E Emerson Pointe DrGreenwood, IN 46143
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$1,4223 Bedroom Apartments Contact Us For Availability
Pinebrook Apartments
1625 Pinecone Ln EGreenwood, IN 46142
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$1,451 - $2,4571 to 3 Bedroom Apartments Available Now
Sunrise on the Monon
1501 Starcross LnCarmel, IN 46280
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$1,487 - $2,9261 to 2 Bedroom Apartments Available Now
The Olivia
W Main St & Old Meridian StCarmel, IN 46032
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Studio to 3 Bedroom Apartments
The Residences at Carmel City Center
720 S Rangeline RdCarmel, IN 46032
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 | $1,197 | $515 | $5,271 |
| Indianapolis 1 Bedroom Apartments | $1,377 | $597 | $4,187 |
| Indianapolis 2 Bedroom Apartments | $1,663 | $563 | $5,706 |
| Indianapolis 3 Bedroom Apartments | $2,036 | $1,012 | $8,087 |
| Indianapolis 4 Bedroom Apartments | $1,749 | $550 | $5,988 |
| Indianapolis 5 Bedroom Apartments | $5,579 | $2,695 | $8,810 |
Explore Indianapolis
Let everyone know!
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If you’re an expert on all things Indianapolis, tell us what you love (and don't) by rating it and writing a review.
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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
Do you know the Indianapolis area?
Let everyone know!
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 East Village at Avondale Meadows Apartments which is listed at $693, while the average apartment in Indianapolis costs $2,458.
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 3,476 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 $387 which is $2,071 cheaper than the average rent for all rentals in Indianapolis.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.
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.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.