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$1,025 - $1,0852 Bedroom Apartments Available Now
The Washington
1401 N Pennsylvania StIndianapolis, IN 46202
Cheap Apartments for Rent in Indianapolis, IN from $300 with Utilities Included (222 Rentals) Page 2 of 5
Apartments with Utilities Included.
Cheap Apartments in Indianapolis.
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$1,045 - $1,1211 to 2 Bedroom Apartments Available Now
The Towers at Crooked Creek Senior Housing
7988 N Michigan RdIndianapolis, IN 46268
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$1,099 - $2,1791 to 3 Bedroom Apartments Available Now
Edison at Meridian Hills
811 Antique CtIndianapolis, IN 46260
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$1,100 - $1,2001 to 2 Bedroom Apartments Contact Us For Availability
The Parkview
1 West 28th StIndianapolis, IN 46208
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$1,100 - $1,7951 to 2 Bedroom Apartments Available Now
The Assumption on Blaine
1105 Blaine AveIndianapolis, IN 46221
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$1,145 - $2,455Studio to 4 Bedroom Apartments Available Apr 10
Buckingham & Balmoral
3103 N Meridian StIndianapolis, IN 46208
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$1,147 - $2,246
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1 to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,082 - $2,181
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Sundance Apartments
7213 Sundance DrIndianapolis, IN 46237
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$1,149 - $1,4151 to 3 Bedroom Apartments Available Now
Estates at Crystal Bay
7136 Crystal Bay Dr EIndianapolis, IN 46260
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$1,1502 Bedroom Apartments Contact Us For Availability
Heritage Apartments
4111 C2 Stonecrest CtIndianapolis, IN 46229
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$1,1802 Bedroom Apartments Available Now
Park Forest Apartments
4521 Park Forest CtIndianapolis, IN 46226
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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$1,181 - $3,496
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1 to 4 Bedroom Apartments Available NowTotal Monthly Price
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$1,106 - $3,421
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$75
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$1,181 - $3,496
Ralston Apartments
1201 Indiana AveIndianapolis, IN 46202
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$1,195 - $1,2502 Bedroom Apartments Available Now
Teal Run Apartments
2302 Windsong DrIndianapolis, IN 46229
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$1,199 - $1,6991 to 3 Bedroom Apartments Available Now
Bishop Pond Residences Apartments
6214 Long Channel LnIndianapolis, IN 46268
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$1,199 - $2,2901 to 3 Bedroom Apartments Available Now
The Otis at Fort Ben Apartments
9310 Otis AveIndianapolis, IN 46216
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$1,200 - $1,8201 to 3 Bedroom Apartments Available Jun 4
946 MLK
946 Dr Martin Luther King Jr StIndianapolis, IN 46202
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$1,200 - $1,4501 Bedroom Apartments Available Apr 17
Garden Arch Apartments
726-728 N East StIndianapolis, IN 46202
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$1,213 - $2,6911 to 3 Bedroom Apartments Available Now
The Timbers Apartments
4545 Scarlet Oak WayIndianapolis, IN 46237
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$1,215 - $1,575
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1 to 2 Bedroom Apartments Contact Us For AvailabilityTotal Monthly Price
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$1,215 - $1,575
Total Monthly Price
$1,215 - $1,575
2131 North
2131 N Meridian StIndianapolis, IN 46202
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$1,249 - $2,1521 to 2 Bedroom Apartments Available Now
Penn Street Tower
115 N Pennsylvania StIndianapolis, IN 46204
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$1,269 - $2,9511 to 2 Bedroom Apartments Available Now
333 Penn Apartments
333 N Pennsylvania StIndianapolis, IN 46204
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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$1,270 - $1,915
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1 to 3 Bedroom Apartments Available NowTotal Monthly Price
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$1,221 - $1,866
Required Monthly Fees
$49
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$1,270 - $1,915
North Willow
1844 Pemberton LnIndianapolis, IN 46260
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$1,275 - $1,7602 to 4 Bedroom Apartments Available Now
Community Place
1201 Community PlIndianapolis, IN 46227
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$1,280 - $1,5451 to 2 Bedroom Apartments Available Now
Historic Marcy Village
4561 Marcy LnIndianapolis, IN 46205
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$1,285 - $1,5451 to 2 Bedroom Apartments Available Now
Pleasant Run Senior Apartments
4701 Todd RdIndianapolis, IN 46237
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$1,299 - $1,995Studio to 2 Bedroom Apartments Available Now
The Stella
1827 N Meridian StIndianapolis, IN 46202
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$1,309 - $1,7881 to 2 Bedroom Apartments Available Aug 12
Gardens of Canal Court
434 Canal Court South DrIndianapolis, IN 46202
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$1,310 - $2,235Studio to 2 Bedroom Apartments Available Now
The Continental Towers at Vermont Place
410 N Meridian StIndianapolis, IN 46204
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$1,335 - $1,9751 to 2 Bedroom Apartments Available Now
The Marott Apartments
2625 N Meridian StIndianapolis, IN 46208
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Rent Specials
$1,340 - $2,290
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Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,340 - $2,290
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Slate Apartments
501 Virginia AveIndianapolis, IN 46203
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$1,340 - $2,090
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Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,340 - $2,090
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Forte Apartments
1140 Shelby StIndianapolis, IN 46203
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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$1,360 - $1,6051 to 2 Bedroom Apartments Available Now
Temple Lofts
1225 Dr Martin Luther King Jr StIndianapolis, IN 46202
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$1,390 - $2,990
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Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,390 - $2,990
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Ardmore Apartments
231 N Pennslvania StIndianapolis, IN 46204
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$1,395 - $1,4502 to 3 Bedroom Apartments Available Now
Shadeland Terrace Townhomes w/Full Basements
4620 Englewood AveIndianapolis, IN 46226
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$1,405 - $1,6651 to 2 Bedroom Apartments Available Now
Wynbrooke Senior Apartments
10318 E County Road 200 NIndianapolis, IN 46234
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$1,5002 Bedroom Apartments Available Apr 20
4901 N Washington Blvd
4901 N Washington BlvdIndianapolis, IN 46205
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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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1 to 4 Bedroom Apartments
16 Park Apartments
1621 N Park AveIndianapolis, IN 46202
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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1 to 3 Bedroom Apartments
East Village at Avondale Meadows Apartments
3810 Cooper Square CtIndianapolis, IN 46205
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Studio to 2 Bedroom Apartments
Marblehead
3310 N Meridian StIndianapolis, IN 46208
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1 to 3 Bedroom Apartments
Whispering Pines
4444 Mission DrIndianapolis, IN 46254
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1 Bedroom Apartments
Barbee
1215 N Pennsylvania StIndianapolis, IN 46202
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Studio to 1 Bedroom Apartments
Windsor
1235 N Delaware StIndianapolis, IN 46202
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Studio to 1 Bedroom Apartments
The Jordan
1445 N Delaware StIndianapolis, IN 46202
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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
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 | $1,190 | $590 | $5,277 |
| Indianapolis 1 Bedroom Apartments | $1,388 | $497 | $4,071 |
| Indianapolis 2 Bedroom Apartments | $1,649 | $545 | $5,655 |
| Indianapolis 3 Bedroom Apartments | $2,029 | $626 | $8,554 |
| Indianapolis 4 Bedroom Apartments | $1,806 | $600 | $10,000+ |
| Indianapolis 5 Bedroom Apartments | $7,296 | $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 $655.
What is the price of a cheap apartment in Indianapolis?
The cheapest apartment in Indianapolis is Volrath which is listed at $649, while the average apartment in Indianapolis costs $2,928.
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 10,036 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 $382 which is $2,546 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
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.
A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.
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.