
Cheap Apartments for Rent in Indianapolis, IN from $300 with Washer/Dryer (422 Rentals) Page 2 of 9
Search the lowest-cost Apartments available for rent right now in Indianapolis.


Landmark

El Dorado Apartments

Woods at Oak Crossing

River Road Apartments

Estates at Crystal Bay

Willow Glen East

Cross Creek Apartments

9 On Canal

Lake Castleton Apartments
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.

Emerson Village

Veridian Castleton

The Courts Apartment Homes

Lake Marina Apartments

Priscilla on Pennsylvania

Welcome to Dawson Village – Welcome Home!

The Assumption on Blaine

Fox Club

Willowood East

Bristol Square
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

The Pines at SoBro

Ninth Avenue Apartments

The Hills Apartment Homes

Spinnaker Court

Sherman Village

Berkley Commons

Horizons Apartments

Total Monthly Price
Apartments @ Marten Court

Warren Harbor Apartments

Trail Side

Glen Ridge Manor Townhomes and Flats (Indy Town)

Cherry Glen

Meridian Court South

Oakbrook Village

The Vineyards Apartment Homes

Lawrence Landing

Total Monthly Price
2043 Adams St, Unit 2043

Total Monthly Price
1628 N Colorado Ave, Unit 1630 N Colorado Ave

Williamsburg North

Brookwood Apartments

Carriage House East

Lockefield Gardens

Summerwood on Towne Line Apartments

Plaza at Central Greens

The Woods of Eagle Creek

Total Monthly Price
Avia Lofts at Founders Road

College Courts

Park View at Beech Grove

10 West Apartments

The Cedars Apartment Homes
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 | $1,157 | $595 | $5,600 |
| Indianapolis 1 Bedroom Apartments | $1,371 | $497 | $4,874 |
| Indianapolis 2 Bedroom Apartments | $1,631 | $563 | $6,212 |
| Indianapolis 3 Bedroom Apartments | $2,029 | $825 | $10,000+ |
| Indianapolis 4 Bedroom Apartments | $1,650 | $600 | $10,000+ |
| Indianapolis 5 Bedroom Apartments | $9,610 | $1,000 | $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 the Cheapest Studio apartment in Indianapolis?
Currently the most affordable Cheap Studio Apartment in Indianapolis is at The Stratford listed at $620.
How much is rent for a Cheap One Bedroom Indianapolis Apartment?
The lowest price for a Cheap One Bedroom Indianapolis Apartment is $649 at Volrath.
What is the lowest price for a Cheap Two Bedroom Indianapolis Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Indianapolis is starting from $579 at East Village at Avondale Meadows Apartments.
What is the most affordable Indianapolis Three Bedroom Apartment?
The best deal on a cheap Indianapolis Three Bedroom Apartment rental is at El Dorado Apartments and starts from $999.
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.
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.