Cheap Apartments for Rent in Indianapolis, IN from $300 (890 Rentals) Page 10 of 18

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

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The 85Twenty
$1,308 - $1,744
Total Monthly Price

Total Monthly Price

Base Rent
$1,308 - $1,744
Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

The 85Twenty

8520 Sierra Ridge DrIndianapolis, IN 46239
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour
property at 3120 Falcon Dr

$1,325

3 Bedroom Rentals

Available Now

3120 Falcon Dr

IndianapolisIN46222
property at 234 E 9th St

$1,354 - $1,449

Total Monthly Price

Total Monthly Price

Base Rent
$1,354 - $1,449
Total Monthly Price
$1,354 - $1,449

1 To 2 Bedroom Homes for Rent

Available Now

234 E 9th St

IndianapolisIN46204
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1938 N Bancroft St
$1,380
Total Monthly Price

Total Monthly Price

Base Rent
$1,380
Total Monthly Price
$1,380
1 Bedroom Apartment Available Now

1938 N Bancroft St

1938 N Bancroft StIndianapolis, IN 46218
Furnished
  • Smoke Free
property at 235 S Delaware St

$1,392 - $4,304

Total Monthly Price

Total Monthly Price

Base Rent
$1,392
Total Monthly Price
$1,392

2 To 4 Bedroom Rentals

Available Dec 13

235 S Delaware St

IndianapolisIN46204
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1448 S Kiel Ave
$1,395
Total Monthly Price

Total Monthly Price

Base Rent
$1,395
Total Monthly Price
$1,395
1 Bedroom Apartment Available Now

1448 S Kiel Ave

1448 S Kiel AveIndianapolis, IN 46241
Affordability
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Shore Acres
Studio to 3 Bedroom Apartments

Shore Acres

1105 Westfield Ct WIndianapolis, IN 46240
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SUITES OF IRVINGTON
Studio to 2 Bedroom Apartments

SUITES OF IRVINGTON

5730 E Washington StIndianapolis, IN 46219
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Addison Creek
1 to 4 Bedroom Apartments

Addison Creek

58 Port Ocall DrIndianapolis, IN 46224
  • Utilities Included
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Fisher Apartments
Studio Apartments

Fisher Apartments

5125 W 10th StIndianapolis, IN 46224
  • Utilities Included
Showing Results 451-500, Page 10 of 18

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 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 $699.

What is the price of a cheap apartment in Indianapolis?

The cheapest apartment in Indianapolis is Central @ 29 which is listed at $543, while the average apartment in Indianapolis costs $1,389.

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 5,766 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 $294 which is $1,095 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

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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.

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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.

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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.

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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.

Articles, How-To's, and Tips

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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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.

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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.

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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.