
Cheap Apartments for Rent in Indianapolis, IN from $300 with Utilities Included (190 Rentals) Page 4 of 4
Apartments with Utilities Included.
Cheap Apartments in Indianapolis.


The Retreat On Washington

The 101

The Pennsylvania

Whittier Place

Honey Creek Apartments

Bradford Park

450 N Massachusetts Ave

Somerset Place

Courts of Valle Vista

Stafford Pointe

LaCabreah Apartments

Cedarbrook

Westminster Apartments and Townhomes

The Wren & The Windsor

The Kent at Carmel City Center

Bella Vista Apartments

Avon Creek

Regency Preserve

Total Monthly Price
Lakeside at Walnut Hills

Cottages at Sheek Road Apartments

Main Street Commons

SouthPointe Village Apartments

Broadstone Pointe Senior Apartments

Francis Apartments

Beech Grove Place Apartments

Beacon Pointe Apartments

Arbor Manor

Breeza 32 Apartments

Greenwood MHP

Haven Homes

Kinnley Court

320 N Jefferson St

The Gables

Beech Grove Station Senior Apartments

The U

Beech Tree Glen Apartments

Trotters Pointe Apartments

Twin Lakes Apartments

Preserve Of Avon
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+ |
Browse Top Apartments in Indianapolis
See all Apartments in IndianapolisExplore 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 $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.