
Cheap Apartments for Rent in Indianapolis, IN from $300 with Utilities Included (222 Rentals) Page 3 of 5
Apartments with Utilities Included.
Cheap Apartments in Indianapolis.


Cavalier Court

Garfield Terrace Apartments

The Harrison

Crossroads at Madison

Garfield Place

The Marleigh

Maplewood

Winston

Overlook at the Fairgrounds

Admiral

The Jeffersonian Apartments Of Indianapolis

Pleasant Creek Apartments

Mariwood

Eastgate Terrace Apartments

The Wash Apartments

Birchwood Place

Monon Walk Apartments

Capitol Manor

Lake Camelot Apartments

The Reserve at White River

Crossroads at Southgreen

Central State Mansion

Nora Commons on the Monon Senior Apartments

Victoria Apartments

Lafayette Landing at Kessler

Saxony Court

College Park Apartments

Crestwood Village North

Waterstone Place Apartments

Canal Gardens

Linwood Manor

Heather Ridge

Monon Lofts

Monon Station Apartments

Chelsea Manor

Madison Apartments

Mayleeno

The Seminole

60 - ADDISON APARTMENTS

Lawrence Landing

Stonegate Apartments

Abbey Meadows

Magnolia Living

Grand Oaks

Freeman Apartments

Brookhaven at County Line Senior Apartments

Charleston East Apartments

Kelker Hause

Foxhill Manor Cooperative
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+ |
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 $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.