Cheap Apartments for Rent in Indianapolis, IN from $300 with Washer/Dryer (422 Rentals) Page 5 of 9

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Search the lowest-cost Apartments available for rent right now in Indianapolis.

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Stadium Lofts & Flats
$1,185 - $1,719
Total Monthly Price

Total Monthly Price

Base Rent
$1,118 - $1,652
Required Monthly Fees
$67
Total Monthly Price
$1,185 - $1,719
1 to 2 Bedroom Apartments Available Now

Stadium Lofts & Flats

1501 W 16th StIndianapolis, IN 46202
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Residence on Penn
$1,199 - $1,599
Total Monthly Price

Total Monthly Price

Base Rent
$1,064 - $1,464
Required Monthly Fees
$135
Total Monthly Price
$1,199 - $1,599
Studio to 2 Bedroom Apartments Available Now

Residence on Penn

2801 S Pennsylvania StIndianapolis, IN 46225
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Monon Living
Rent Specials
$1,200 - $3,179
Total Monthly Price

Total Monthly Price

Base Rent
$1,117 - $3,096
Required Monthly Fees
$83
Total Monthly Price
$1,200 - $3,179
1 to 3 Bedroom Apartments Available Now

Monon Living

5934 Carvel AveIndianapolis, IN 46220
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Harrison Place Apartments
$1,214 - $3,109
Total Monthly Price

Total Monthly Price

Base Rent
$1,170 - $3,065
Required Monthly Fees
$44
Total Monthly Price
$1,214 - $3,109
1 to 3 Bedroom Apartments Available Now

Harrison Place Apartments

5812 Beatle DrIndianapolis, IN 46216
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2131 North
$1,215 - $1,585
Total Monthly Price

Total Monthly Price

Base Rent
$1,215 - $1,585
Total Monthly Price
$1,215 - $1,585
1 to 2 Bedroom Apartments Available Now

2131 North

2131 N Meridian StIndianapolis, IN 46202
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2322 Guilford Ave, Unit A
$1,250
Total Monthly Price

Total Monthly Price

Base Rent
$1,250
Total Monthly Price
$1,250
3 Bedroom Apartment Available Now

2322 Guilford Ave, Unit A

2322 Guilford AveIndianapolis, IN 46205
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CityWay
$1,270 - $6,389
Total Monthly Price

Total Monthly Price

Base Rent
$1,220 - $6,339
Required Monthly Fees
$50
Total Monthly Price
$1,270 - $6,389
Studio to 3 Bedroom Apartments Available Now

CityWay

229 S Delaware StIndianapolis, IN 46204
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The Coil
Rent Specials
$1,295 - $3,295
Total Monthly Price

Total Monthly Price

Base Rent
$1,113 - $3,113
Required Monthly Fees
$182
Total Monthly Price
$1,295 - $3,295
Studio to 2 Bedroom Apartments Available Now

The Coil

6349 N College AveIndianapolis, IN 46220
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Showing Results 201-250, Page 5 of 9

Indianapolis, IN Area Reviews

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Wendy • 3+ years in Indianapolis

August 10, 2025

One 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

decorative image for A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Indianapolis article

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.

decorative image for Your Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters article

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.

decorative image for Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods article

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

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

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.

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

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.

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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.