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$1,438 - $2,199Studio to 2 Bedroom Apartments Available Now
Canal Overlook Apartments
430 N Indiana AveIndianapolis, IN 46202
Cheap Apartments for Rent in Indianapolis, IN from $300 (890 Rentals) Page 10 of 18
Search the lowest-cost Apartments available for rent right now in Indianapolis.
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$1,441 - $1,5041 to 2 Bedroom Apartments Available Jul 17
Edgewater Apartments
6701 N College AveIndianapolis, IN 46220
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$1,442 - $2,590Studio to 2 Bedroom Apartments Available Aug 21
Ardmore Apartments
231 N Pennslvania StIndianapolis, IN 46204
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$1,444 - $2,8931 to 3 Bedroom Apartments Available Now
Scandia Apartments
9250 Kungsholm DrIndianapolis, IN 46250
354 S Biltmore Ave
IndianapolisIN46241
2018 Rembrandt St
IndianapolisIN46202
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$1,4502 Bedroom Apartments Available Jul 6
4901 N Washington Blvd
4901 N Washington BlvdIndianapolis, IN 46205
4291 Village Pkwy Cir W
IndianapolisIN46254
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$1,454 - $3,542Studio to 2 Bedroom Apartments Available Now
Lockerbie Lofts
640 E Michigan StIndianapolis, IN 46202
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$1,461 - $2,520Studio to 2 Bedroom Apartments Available Aug 25
Ironworks at Keystone
2727 E 86th StIndianapolis, IN 46240
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$1,465 - $2,4001 to 3 Bedroom Apartments Available Now
The Row
2145 Winthrop AveIndianapolis, IN 46202
7755 E 50th St
IndianapolisIN46226
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$1,489 - $2,2092 to 3 Bedroom Apartments Available Jul 24
Everly at Meridian Hills
832 Park Central CtIndianapolis, IN 46260
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$1,4952 Bedroom Apartments Available Now
Pavilion Place
1701 N Central AveIndianapolis, IN 46202
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$1,4952 Bedroom Apartments Available Jul 17
St. Joseph Flats
126 E St. Joseph StIndianapolis, IN 46202
3004 N Delaware St
IndianapolisIN46205
1602 Quill St
IndianapolisIN46203
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$1,4993 Bedroom Apartments Available Now
1602 Quill St, Unit B
1602 Quill StIndianapolis, IN 46203
1834 Gent Ave
IndianapolisIN46202
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$1,500
Total Monthly Price
3 Bedroom Apartment Available NowTotal Monthly Price
Base Rent
$1,500
Total Monthly Price
$1,500
4143 Central Ave, Unit 4143
4143 Central AveIndianapolis, IN 46205
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Studio to 3 Bedroom Apartments
Shore Acres
1105 Westfield Ct WIndianapolis, IN 46240
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1 to 4 Bedroom Apartments
Canterbury House Apartments - Franklin Road
7955 Kingsmead DrIndianapolis, IN 46226
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Studio to 2 Bedroom Apartments
SUITES OF IRVINGTON
5730 E Washington StIndianapolis, IN 46219
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1 to 4 Bedroom Apartments
Addison Creek
58 Port Ocall DrIndianapolis, IN 46224
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Studio Apartments
Fisher Apartments
5125 W 10th StIndianapolis, IN 46224
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Studio to 1 Bedroom Apartments
Crown Point Apartments
245 W 38th StIndianapolis, IN 46208
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1 to 2 Bedroom Apartments
Stonekey Apartments
1504 Renton StIndianapolis, IN 46203
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1 to 2 Bedroom Apartments
Koehne Commons Apartments
315 Koehne StIndianapolis, IN 46222
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Studio to 2 Bedroom Apartments
Charmwood Terrace
3419 N Pennsylvania StIndianapolis, IN 46205
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Studio to 3 Bedroom Apartments
Brownstone Apartments
3360 N Meridian StIndianapolis, IN 46208
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1 to 2 Bedroom Apartments
Arlington Terrace Apartments
5931 E 12th StIndianapolis, IN 46219
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1 to 2 Bedroom Apartments
Parkside At Tarkington
3901 N Meridian StIndianapolis, IN 46208
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Studio to 1 Bedroom Apartments
THE COURTS OF MONON
3605-3609 Balsam AveIndianapolis, IN 46205
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1 to 3 Bedroom Apartments
Emerson Place
2110 Emerson Knoll PlIndianapolis, IN 46218
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Studio to 4 Bedroom Apartments
The Villages at Mill Crossing
3615 Sherman Forest DrIndianapolis, IN 46205
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Studio to 2 Bedroom Apartments
INDY INDIE ARTIST COLONY
26 E 14th StIndianapolis, IN 46202
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1 to 2 Bedroom Apartments
Lakes at Crossbridge
7925 Crossbridge DrIndianapolis, IN 46226
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1 to 3 Bedroom Apartments
East Village at Avondale Meadows Apartments
3810 Cooper Square CtIndianapolis, IN 46205
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1 to 3 Bedroom Apartments
Three Fountains West Cooperative
5501 W 43rd StIndianapolis, IN 46254
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Studio to 2 Bedroom Apartments
Marblehead
3310 N Meridian StIndianapolis, IN 46208
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1 to 2 Bedroom Apartments
Hampshire Court
2455 Rolls DrIndianapolis, IN 46268
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1 Bedroom Apartments
Parkside Living Apartments
2900 S Pennsylvania StIndianapolis, IN 46225
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Studio to 1 Bedroom Apartments
VILLAGE AT FALL CREEK
3520-3534 Fall Creek Parkway North DrIndianapolis, IN 46205
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1 Bedroom Apartments
727 Fairfield Ave
727 Fairfield AveIndianapolis, IN 46205
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Studio to 1 Bedroom Apartments
The Jordan
1445 N Delaware StIndianapolis, IN 46202
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Studio to 1 Bedroom Apartments
Windsor
1235 N Delaware StIndianapolis, IN 46202
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1 Bedroom Apartments
Barbee
1215 N Pennsylvania StIndianapolis, IN 46202
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1 to 3 Bedroom Apartments
Whispering Pines
4444 Mission DrIndianapolis, IN 46254
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1 to 3 Bedroom Apartments
Cloverleaf Apartments & Townhomes
835 Cloverleaf TerIndianapolis, IN 46241
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Studio to 3 Bedroom Apartments
Pinewood Village Apartments
5402 Norfolk WayIndianapolis, IN 46224
Showing Results 451-500, Page 10 of 18
Indianapolis, IN Local Guide
How much does it cost to rent an apartment in Indianapolis?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Indianapolis Studio Apartments | $1,234 | $556 | $5,725 |
| Cheap Indianapolis 1 Bedroom Apartments | $1,390 | $544 | $4,277 |
| Cheap Indianapolis 2 Bedroom Apartments | $1,682 | $650 | $10,000+ |
| Cheap Indianapolis 3 Bedroom Apartments | $2,032 | $799 | $9,756 |
| Cheap Indianapolis 4 Bedroom Apartments | $2,516 | $600 | $10,000+ |
| Indianapolis 5 Bedroom Apartments | $7,368 | $1,175 | $10,000+ |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
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Indianapolis, IN Area Reviews
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Write a ReviewWendy • 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 $689.
What is the price of a cheap apartment in Indianapolis?
The cheapest apartment in Indianapolis is The Villages at Mill Crossing which is listed at $669, while the average apartment in Indianapolis costs $2,598.
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 6,302 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 $339 which is $2,259 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
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.
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.
Articles, How-To's, and Tips
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.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.