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$1,165 - $2,475Studio to 4 Bedroom Apartments Available Now
Buckingham & Balmoral
3103 N Meridian StIndianapolis, IN 46208
Cheap Apartments for Rent in Indianapolis, IN from $300 with Utilities Included (190 Rentals) Page 2 of 4
Apartments with Utilities Included.
Cheap Apartments in Indianapolis.
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$1,185 - $1,2252 Bedroom Apartments Available Now
Teal Run Apartments
2302 Windsong DrIndianapolis, IN 46229
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$1,195 - $1,3001 Bedroom Apartments Available Aug 17
Colmar Apartments
1620 Central AveIndianapolis, IN 46202
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$1,215 - $1,5751 to 2 Bedroom Apartments Contact Us For Availability
2131 North
2131 N Meridian StIndianapolis, IN 46202
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$1,249 - $2,7631 to 2 Bedroom Apartments Available Now
Penn Street Tower Apartments
115 N Pennsylvania StIndianapolis, IN 46204
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$1,254 - $2,2651 to 2 Bedroom Apartments Available Now
Sundance Apartments
7213 Sundance DrIndianapolis, IN 46237
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$1,269 - $2,4721 Bedroom Apartments Available Sep 3
333 Penn Apartments
333 N Pennsylvania StIndianapolis, IN 46204
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$1,270 - $1,9251 to 3 Bedroom Apartments Available Aug 15
North Willow
1844 Pemberton LnIndianapolis, IN 46260
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$1,270 - $1,665
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1 to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,270 - $1,665
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$1,270 - $1,665
Wynbrooke Senior Apartments
10318 E County Road 200 NIndianapolis, IN 46234
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$1,275 - $1,7602 to 4 Bedroom Apartments Available Now
Community Place
1201 Community PlIndianapolis, IN 46227
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.
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$1,275 - $2,1331 to 3 Bedroom Apartments Available Now
The Timbers Apartments
4545 Scarlet Oak WayIndianapolis, IN 46237
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$1,285 - $1,715
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1 to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,285 - $1,715
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$1,285 - $1,715
Pleasant Run Senior Apartments
4701 Todd RdIndianapolis, IN 46237
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$1,290 - $1,5651 to 2 Bedroom Apartments Available Now
Historic Marcy Village
4561 Marcy LnIndianapolis, IN 46205
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$1,299 - $1,8001 to 2 Bedroom Apartments Available Now
The Marott Apartments
2625 N Meridian StIndianapolis, IN 46208
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1 to 4 Bedroom Apartments
Canterbury House Apartments - Franklin Road
7955 Kingsmead DrIndianapolis, IN 46226
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1 to 4 Bedroom Apartments
Addison Creek
58 Port Ocall DrIndianapolis, IN 46224
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Studio Apartments
Fisher Apartments
5125 W 10th StIndianapolis, IN 46224
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1 to 2 Bedroom Apartments
Arlington Terrace Apartments
5931 E 12th StIndianapolis, IN 46219
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Studio to 2 Bedroom Apartments
Marblehead
3310 N Meridian StIndianapolis, IN 46208
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Studio to 1 Bedroom Apartments
Windsor
1235 N Delaware StIndianapolis, IN 46202
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
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Studio to 1 Bedroom Apartments
The Jordan
1445 N Delaware StIndianapolis, IN 46202
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1 Bedroom Apartments
Barbee
1215 N Pennsylvania StIndianapolis, IN 46202
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1 to 3 Bedroom Apartments
Whispering Pines
4444 Mission DrIndianapolis, IN 46254
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1 to 3 Bedroom Apartments
Cloverleaf Apartments & Townhomes
835 Cloverleaf TerIndianapolis, IN 46241
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Studio to 3 Bedroom Apartments
Pinewood Village Apartments
5402 Norfolk WayIndianapolis, IN 46224
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1 to 2 Bedroom Apartments
The Historic Bauer
3720 N Meridian StIndianapolis, IN 46208
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1 to 3 Bedroom Apartments
Mayfield Green Cooperative
5537 W 44th StIndianapolis, IN 46254
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1 to 3 Bedroom Apartments
Remington on Rockville
7455 Rockleigh AveIndianapolis, IN 46214
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1 to 3 Bedroom Apartments
Cavalier Court
9108 E 38th PlIndianapolis, IN 46235
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Studio to 2 Bedroom Apartments
Garfield Terrace Apartments
2401 S Shelby StIndianapolis, IN 46203
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.
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Studio to 1 Bedroom Apartments
The Harrison
1320 N Delaware StIndianapolis, IN 46202
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2 Bedroom Apartments
Garfield Place
2236 Ransdell StIndianapolis, IN 46225
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Studio to 1 Bedroom Apartments
The Marleigh
1434-1448 N Delaware StIndianapolis, IN 46202
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2 to 3 Bedroom Apartments
Maplewood
12451 Pendleton PikeIndianapolis, IN 46236
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1 Bedroom Apartments
Winston
3630 N Meridian StIndianapolis, IN 46208
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1 to 2 Bedroom Apartments
Overlook at the Fairgrounds
1720 E 38th StIndianapolis, IN 46218
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1 to 3 Bedroom Apartments
East Village at Avondale Meadows Apartments
3810 Cooper Square CtIndianapolis, IN 46205
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1 to 4 Bedroom Apartments
Admiral
3025 N Meridian StIndianapolis, IN 46208
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1 to 2 Bedroom Apartments
The Jeffersonian Apartments Of Indianapolis
801 N Shortridge RdIndianapolis, IN 46219
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1 to 2 Bedroom Apartments
Pleasant Creek Apartments
2816 E County Line RdIndianapolis, IN 46227
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
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2 to 4 Bedroom Apartments
Mariwood
9231 Mariwood PkyIndianapolis, IN 46234
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Studio to 2 Bedroom Apartments
Traymore Apartments
1402 N Alabama StIndianapolis, IN 46202
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1 to 3 Bedroom Apartments
The Wash Apartments
4741 E Washington StIndianapolis, IN 46201
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Studio to 1 Bedroom Apartments
Birchwood Place
1040 Fairfield AveIndianapolis, IN 46205
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Studio to 2 Bedroom Apartments
Encore Apartments
8035 Preidt PlIndianapolis, IN 46237
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1 Bedroom Apartments
Capitol Manor
842 N Capitol AveIndianapolis, IN 46204
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1 to 2 Bedroom Apartments
Colonial Park
4421 E Washington StIndianapolis, IN 46201
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1 to 3 Bedroom Apartments
Central State Mansion
202 Steeples BlvdIndianapolis, IN 46222
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1 to 2 Bedroom Apartments
Nora Commons on the Monon Senior Apartments
8905 Evergreen AveIndianapolis, IN 46240
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Studio Apartments
The Victoria Apartments
1244 N Illinois StIndianapolis, IN 46202
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.
Showing Results 51-100, Page 2 of 4
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.
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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.