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Cheap Apartments for Rent in Indianapolis, IN from $300 (701 Rentals) Page 11 of 15
Search the lowest-cost Apartments available for rent right now in Indianapolis.
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1 Bedroom Apartments
Magnolia Living - 3330-3340 N. Meridian St.
3330-3340 N Meridian StIndianapolis, IN 46208
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1 to 2 Bedroom Apartments
Georgetown Woods Senior Apartments
5360 Georgetown RdIndianapolis, IN 46254
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1 to 2 Bedroom Apartments
Brookhaven at County Line Senior Apartments
940 Wild Indigo LnIndianapolis, IN 46227
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1 to 4 Bedroom Apartments
Knoll Ridge Townhomes & Apartments
11415 Knollridge LnIndianapolis, IN 46229
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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 | $1,267 | $595 | $8,251 |
| Cheap Indianapolis 1 Bedroom Apartments | $1,388 | $597 | $5,280 |
| Cheap Indianapolis 2 Bedroom Apartments | $1,660 | $695 | $5,845 |
| Cheap Indianapolis 3 Bedroom Apartments | $2,053 | $1,015 | $10,000+ |
| Cheap Indianapolis 4 Bedroom Apartments | $1,571 | $550 | $4,438 |
| Indianapolis 5 Bedroom Apartments | $4,333 | $1,050 | $8,380 |
Browse Top Apartments in Indianapolis
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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.
Indianapolis, IN Area Reviews
Do you know the Indianapolis area?
Let everyone know!
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 $700.
What is the price of a cheap apartment in Indianapolis?
The cheapest apartment in Indianapolis is Covered Bridge which is listed at $680, while the average apartment in Indianapolis costs $2,150.
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 3,750 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 $397 which is $1,753 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.
The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.
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.