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1 to 3 Bedroom Apartments
550 Fletcher Ave
550 Fletcher AveIndianapolis, IN 46203
Cheap Apartments for Rent in Indianapolis, IN from $300 (877 Rentals) Page 13 of 18
Search the lowest-cost Apartments available for rent right now in Indianapolis.
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2 Bedroom Apartments
Atrium Village
2636 N Mitthoeffer RdIndianapolis, IN 46229
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1 to 3 Bedroom Apartments
The Meridian North
2100 Westlane RdIndianapolis, IN 46260
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Studio to 3 Bedroom Apartments
South & Madison
1819 Madison Village DrIndianapolis, IN 46227
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Studio to 1 Bedroom Apartments
Monon Walk Apartments
6115 Winthrop AveIndianapolis, IN 46220
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1 Bedroom Apartments
Capitol Manor
842 N Capitol AveIndianapolis, IN 46204
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1 to 3 Bedroom Apartments
Monon Park, Managed by Buckingham Monon Living
5801 N Olney StIndianapolis, IN 46220
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1 Bedroom Apartments
1745 N Ritter Ave
1745 N Ritter AveIndianapolis, IN 46218
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1 Bedroom Apartments
Point on Fall Creek I
2717 Anna LnIndianapolis, IN 46205
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1 to 3 Bedroom Apartments
Lake Camelot Apartments
6475 Excalibur CtIndianapolis, IN 46268
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1 to 2 Bedroom Apartments
Farhill Lake Apartments
4927 Encore DrIndianapolis, IN 46237
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1 to 2 Bedroom Apartments
The Reserve at White River
2774 Pixel RdIndianapolis, IN 46222
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Studio to 2 Bedroom Apartments
Spicewood
354 Spicewood DrIndianapolis, IN 46227
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1 Bedroom Apartments
Meier House Apartments
3128-North N Pennsylvania StIndianapolis, IN 46205
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1 Bedroom Apartments
Rand House Apartments
5010-w W Southport RdIndianapolis, IN 46221
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1 Bedroom Apartments
Clark House Apartments
115-S S Audubon RdIndianapolis, IN 46219
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1 to 3 Bedroom Apartments
Central State Mansion
202 Steeples BlvdIndianapolis, IN 46222
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1 to 2 Bedroom Apartments
Crossroads at Southgreen
5030 Southgreen DrIndianapolis, IN 46227
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1 to 2 Bedroom Apartments
Nora Commons on the Monon Senior Apartments
8905 Evergreen AveIndianapolis, IN 46240
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Studio Apartments
Victoria Apartments
1244 N Illinois StIndianapolis, IN 46202
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Studio to 3 Bedroom Apartments
Pickwick Farms Apartments
1540 Handball LnIndianapolis, IN 46260
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1 to 2 Bedroom Apartments
Lafayette Landing at Kessler
2333 Lafayette RdIndianapolis, IN 46222
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1 Bedroom Apartments
College Park Apartments
3050 Colby LnIndianapolis, IN 46268
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1 Bedroom Apartments
Discover the Best of Lawrence Living at Bellagio Living
8953 Brigadier DrIndianapolis, IN 46226
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1 to 2 Bedroom Apartments
Bellagio Living ? - 9025 El Dorado Drive
9025 El Dorado PlIndianapolis, IN 46236
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1 to 2 Bedroom Apartments
The Sterling
8020 Madison AveIndianapolis, IN 46227
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Studio to 2 Bedroom Apartments
Eagledale Senior Apartments
2930 Lafayette RdIndianapolis, IN 46222
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Studio to 2 Bedroom Apartments
Crestwood Village North
9225 Garrison DrIndianapolis, IN 46240
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1 to 3 Bedroom Apartments
Waterstone Place Apartments
2755 Merlin Lake DrIndianapolis, IN 46229
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1 to 2 Bedroom Apartments
Canal Gardens
1249 Dr Martin Luther King Jr StIndianapolis, IN 46202
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1 to 4 Bedroom Apartments
Braeburn Village
2170 Braeburn East DrIndianapolis, IN 46219
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1 Bedroom Apartments
Linwood Manor
4509 E Washington StIndianapolis, IN 46201
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1 to 3 Bedroom Apartments
Heather Ridge
3245 Heather Ridge DrIndianapolis, IN 46214
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1 to 3 Bedroom Apartments
The Life at Creekside Reserve
4514 Candletree CirIndianapolis, IN 46254
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1 to 3 Bedroom Apartments
Villa Del Sol Apartments
3636 Mission DrIndianapolis, IN 46224
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Studio to 2 Bedroom Apartments
Northwoods Apartments
816 Winding Brook East DrIndianapolis, IN 46234
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2 Bedroom Apartments
Abbey Meadows
259 N Shortridge RdIndianapolis, IN 46219
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1 to 3 Bedroom Apartments
Buckridge at Southport
6933 Buckridge West DrIndianapolis, IN 46227
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1 to 2 Bedroom Apartments
Monon Lofts
1122 E 16th StIndianapolis, IN 46202
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Studio to 2 Bedroom Apartments
Monon Station Apartments
4554 Winthrop AveIndianapolis, IN 46205
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1 to 2 Bedroom Apartments
Chelsea Manor
1451 Central AveIndianapolis, IN 46202
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1 to 2 Bedroom Apartments
Madison Apartments
226 E 12th StIndianapolis, IN 46202
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Studio to 4 Bedroom Apartments
Chateau De Ville
5303 Rue De VilleIndianapolis, IN 46220
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Studio to 3 Bedroom Apartments
Fountain Lake Villas
2220 E Stop 13 RdIndianapolis, IN 46227
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1 Bedroom Apartments
Mayleeno
416 E Vermont PlIndianapolis, IN 46202
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Studio to 2 Bedroom Apartments
Slate Run Lofts
9555 International DrIndianapolis, IN 46268
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1 Bedroom Apartments
The Seminole
920 N Alabama StIndianapolis, IN 46202
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2 Bedroom Apartments
Campus Townhomes
531 Ransom StIndianapolis, IN 46202
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2 Bedroom Apartments
60 - ADDISON APARTMENTS
7155 E 21st StIndianapolis, IN 46219
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Studio to 1 Bedroom Apartments
Magnolia Living - 3330-3340 N. Meridian St.
3330-3340 N Meridian StIndianapolis, IN 46208
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
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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.