
Cheap Apartments for Rent in Indianapolis, IN from $300 with Washer/Dryer (474 Rentals) Page 5 of 10
Search the lowest-cost Apartments available for rent right now in Indianapolis.


Rise on Meridian

Sundance Apartments

333 Penn Apartments

Southern Dunes

The Fort Apartments

The Elliott at College Park Apartment Homes

The E'Laan

North Willow

Maxwell Apartments

Murphy's Landing

Historic Marcy Village

THE GRANDE RESERVE AT GEIST

Shore Acres

The Leo

The Otis at Fort Ben Apartments

Wynbrooke Senior Apartments

Mozzo apartments

Bluff Crossing Apartments

Notch at Nora

1920 E Washington St, Unit 20

1121 N Dearborn St, Unit 1121 N Dearborn

406 Tulip Dr

Pinnex

Nine+Eighteen

The Marott Apartments

7601 Carlton Arms Dr

Pleasant Run Senior Apartments

Castle Creek Apartments

ARLO Apartments

CityWay

The 85Twenty

The Timbers Apartments

Park 66 Flats

Lake Clearwater Apartments

Ironworks at Keystone

The Edge

1615 E Southport Rd

4901 Whitton Pl

Garden Arch Apartments

The Lakes Apartments

130 N Gladstone Ave

AYR Apartments

82 Flats At The Crossing
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 | $1,260 | $585 | $6,128 |
Indianapolis 1 Bedroom Apartments | $1,425 | $597 | $4,888 |
Indianapolis 2 Bedroom Apartments | $1,700 | $700 | $8,011 |
Indianapolis 3 Bedroom Apartments | $2,082 | $798 | $10,000+ |
Indianapolis 4 Bedroom Apartments | $1,680 | $550 | $4,500 |
Explore Indianapolis
Getting Around Indianapolis, IN
Walk Score®
50 / 100
Somewhat Walkable
Some errands can be accomplished on foot
Bike Score®
53 / 100
Bikeable
Some bike infrastructure
Transit Score®
29 / 100
Some Transit
A few nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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 $695.
What is the price of a cheap apartment in Indianapolis?
The cheapest apartment in Indianapolis is Union at 16th which is listed at $684, while the average apartment in Indianapolis costs $2,339.
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 3,099 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 $337 which is $2,002 cheaper than the average rent for all rentals in Indianapolis.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

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.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.