Cheap Apartments for Rent in Indianapolis, IN from $300 (677 Rentals)Page 11 of 14

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Indianapolis is under $725.

The cheapest apartment in Indianapolis is Stone Lake which is listed at $650, while the average apartment in Indianapolis costs $2,564.

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 2,426 regular apartments in Indianapolis that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

Cheap apartments in Indianapolis have an average cost of $310 which is $2,254 cheaper than the average rent for all rentals in Indianapolis.