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$1,375 - $1,8051 to 3 Bedroom Apartments Available Now
Castle Creek Apartments
5702 Castle Hill DrIndianapolis, IN 46250
Cheap Apartments for Rent in Indianapolis, IN from $300 (875 Rentals) Page 11 of 18
Search the lowest-cost Apartments available for rent right now in Indianapolis.
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$1,375 - $1,6502 to 3 Bedroom Apartments Available Now
Country Lake Townhomes
2910 A White Knight BlvdIndianapolis, IN 46229
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$1,375 - $3,168
Total Monthly Price
2 to 3 Bedroom Apartments Available NowTotal Monthly Price
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$1,310 - $3,103
Required Monthly Fees
$65
Total Monthly Price
$1,375 - $3,168
The Preserve on Allisonville Townhomes
5830 River Wood DrIndianapolis, IN 46250
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$1,375 - $1,9751 to 2 Bedroom Apartments Available Now
The Marott Apartments
2625 N Meridian StIndianapolis, IN 46208
3441 Prospect St
IndianapolisIN46203
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$1,379 - $1,569
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1 to 3 Bedroom Apartments Available NowTotal Monthly Price
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$1,330 - $1,520
Required Monthly Fees
$49
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$1,379 - $1,569
North Willow
1844 Pemberton LnIndianapolis, IN 46260
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$1,379 - $2,1192 to 3 Bedroom Apartments Available Now
Everly at Meridian Hills
832 Park Central CtIndianapolis, IN 46260
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$1,385 - $1,6101 to 3 Bedroom Apartments Available Now
The Lakes Apartments
8740 Arborway CtIndianapolis, IN 46268
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$1,390 - $1,490Studio to 1 Bedroom Apartments Available Now
Forte Apartments
1140 Shelby StIndianapolis, IN 46203
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$1,390 - $2,190Studio to 2 Bedroom Apartments Available Now
Slate Apartments
501 Virginia AveIndianapolis, IN 46203
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$1,395 - $1,4502 to 3 Bedroom Apartments Available Now
Shadeland Terrace Townhomes w/Full Basements
4620 Englewood AveIndianapolis, IN 46226
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$1,398 - $1,4992 Bedroom Apartments Available Now
Ivy Knoll Apartments
5707 A Ivy Knoll DrIndianapolis, IN 46250
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$1,399 - $2,9791 to 3 Bedroom Apartments Available Now
The Block
50 N Illinois StIndianapolis, IN 46204
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$1,399 - $1,887Studio to 2 Bedroom Apartments Available Now
The E'Laan
515 E Market StIndianapolis, IN 46204
1941 New Haven Dr
IndianapolisIN46231
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$1,400
Total Monthly Price
1 Bedroom Apartment Available Mar 1Total Monthly Price
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$1,400
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1521 S Randolph St, Unit Private Basement Unit
1521 S Randolph StIndianapolis, IN 46203
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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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Studio to 4 Bedroom Apartments
New Bridge Apartments
2372 Beckwith DrIndianapolis, IN 46218
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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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1 to 4 Bedroom Apartments
16 Park Apartments
1621 N Park AveIndianapolis, IN 46202
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Studio to 4 Bedroom Apartments
Sherman Forest
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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Studio to 2 Bedroom Apartments
Northside Flats Apartments
1503 N Pennsylvania StIndianapolis, IN 46202
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1 to 3 Bedroom Apartments
Three Fountains West Cooperative
5501 W 43rd StIndianapolis, IN 46254
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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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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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1 Bedroom Apartments
727 Fairfield Ave
727 Fairfield AveIndianapolis, IN 46205
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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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2 Bedroom Apartments
Hopeside I
2005 E 25th StIndianapolis, IN 46218
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Studio to 1 Bedroom Apartments
Windsor
1235 N Delaware StIndianapolis, IN 46202
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Studio to 1 Bedroom Apartments
The Jordan
1445 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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Pinewood Village Apartments
5402 Norfolk WayIndianapolis, IN 46224
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 | $1,158 | $595 | $5,671 |
| Cheap Indianapolis 1 Bedroom Apartments | $1,371 | $497 | $4,842 |
| Cheap Indianapolis 2 Bedroom Apartments | $1,630 | $563 | $6,212 |
| Cheap Indianapolis 3 Bedroom Apartments | $2,029 | $825 | $10,000+ |
| Cheap Indianapolis 4 Bedroom Apartments | $1,651 | $600 | $10,000+ |
| Indianapolis 5 Bedroom Apartments | $9,642 | $1,000 | $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 $700.
What is the price of a cheap apartment in Indianapolis?
The cheapest apartment in Indianapolis is Volrath which is listed at $649, while the average apartment in Indianapolis costs $2,634.
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 9,222 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 $372 which is $2,262 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.
Articles, How-To's, and Tips
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.
A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.