
Cheap Apartments for Rent in Indianapolis, IN from $300 (877 Rentals) Page 12 of 18
Search the lowest-cost Apartments available for rent right now in Indianapolis.


The Historic Bauer

PICCADILLY

Historic Audubon Court

Mayfield Green Cooperative

Peppermill Farms

3825 N Whittier Pl

Sunstone at Arlington Woods

East Ridge

Stone Lake

Garfield Terrace Apartments

Red Maple Grove

Remington on Rockville

Rosedale Hills

Cavalier Court

The Harrison

Crossroads at Madison

Garfield Place

Historic Dorchester

Maison Gardens

The Marleigh

Maplewood

Windmill

Oxmoor Indy

Estate View

Overlook at the Fairgrounds

Winston

Sebring Court

Admiral

Guion Creek Apartments

The Regal Apartments

Windsor Court

The Jeffersonian Apartments Of Indianapolis

Pleasant Creek Apartments

Markwood Terrace Apartments

Valley Brook MHC

Mariwood

Live in Style at Bellagio East Living I

Ritter Apartments

Carlyle Court

50 - SAXONY COURT APARTMENTS

Nola Court Apartments

1 & 2 Bedroom Apartments in Downtown Indianapolis - Meridian Plaza Awaits You!

Trenton House Apartments

Reserves at Warren Park

1733 N. Meridian

Bavarian Village Apartments

Irvington Living I

Birchwood Place

Deerfield Acres
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+ |
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Indianapolis, IN Area Reviews
Wendy • 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.