
Cheap Apartments for Rent in Indianapolis, IN from $513 with Utilities Included (215 Rentals) Page 4 of 5
Apartments with Utilities Included.
Cheap Apartments in Indianapolis.


Brookhaven at County Line Senior Apartments

9000 Westfield Apartments

The Lodge Apartments

Ohio Street TownHomes

The Steeples on Washington

Plaza at Central Greens

Blacherne Apartments

The Retreat On Washington

The 101
Understanding Amenity Fees: Know Where You Might Be Able to Save Money
What are amenity fees and are they optional? This guide breaks down everything you need to know about apartment amenity fees, including when you can opt out and how you might be able to lower your rent.

The Pennsylvania

Honey Creek Apartments

Five Twenty Virginia

Bradford Park

450 N Massachusetts Ave

Fletcher Place Terrace

Turnverein Apartments

The Overlook at Riverdale- Marian University

Indiana Flats and Townhomes

Fletcher Place Lofts

Kelker Hause

707 North

Kennedy Apartments

St. Joseph Flats

Pavilion Place

The Whittier

Somerset Place

Courts of Valle Vista

Stafford Pointe

Cedarbrook

Westminster Apartments and Townhomes

LaCabreah Apartments

The Wren & The Windsor

The Kent at Carmel City Center

Avon Creek

Bella Vista Apartments

Regency Preserve

Total Monthly Price
Lakeside at Walnut Hills

Greystone of Noblesville

Total Monthly Price
Grove Crossing

Village Crossing

Riley Crossing at Gateway Park

Total Monthly Price
Fishers Run Senior Apartments

Gardens on Gateway Senior Apartments

Cottages at Sheek Road Apartments

Main Street Commons

SouthPointe Village Apartments

Broadstone Pointe Senior Apartments

Francis Apartments

Beech Grove Place Apartments
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 | $1,219 | $579 | $5,271 |
| Indianapolis 1 Bedroom Apartments | $1,394 | $543 | $9,762 |
| Indianapolis 2 Bedroom Apartments | $1,662 | $513 | $10,000+ |
| Indianapolis 3 Bedroom Apartments | $2,027 | $799 | $7,822 |
| Indianapolis 4 Bedroom Apartments | $2,274 | $600 | $8,291 |
| Indianapolis 5 Bedroom Apartments | $6,268 | $2,192 | $10,000+ |
Browse Top Apartments in Indianapolis
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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 $675.
What is the price of a cheap apartment in Indianapolis?
The cheapest apartment in Indianapolis is Volrath which is listed at $599, while the average apartment in Indianapolis costs $1,399.
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 5,998 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 $286 which is $1,113 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

Welcome to Indy: A Local Expert's Guide to the City's Best Short-Term Rental Neighborhoods
Written by: Wendy Melton
My name is Wendy, and I am the local expert for ApartmentHomeLiving.com in the Indianapolis area. Being born and raised in Indiana, I know the true meaning of Hoosier hospitality.

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.
Articles, How-To's, and Tips

How Commercial-to-Residential Property Conversions Help the Housing Crisis
Written by: Robin Stewart
Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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.