Cheap Apartments for Rent in Indianapolis, IN from $300 (934 Rentals) Page 17 of 19

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Search the lowest-cost Apartments available for rent right now in Indianapolis.

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Gramercy
Rent Specials
$1,215 - $2,578
Total Monthly Price

Total Monthly Price

Base Rent
$1,178 - $2,541
Required Monthly Fees
$37
Total Monthly Price
$1,215 - $2,578
1 to 3 Bedroom Apartments Available Now

Gramercy

945 Mohawk Hills DrCarmel, IN 46032
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Alexandria of Carmel Apartments
$1,246 - $2,743
Total Monthly Price

Total Monthly Price

Base Rent
$1,226 - $2,723
Required Monthly Fees
$20
Total Monthly Price
$1,246 - $2,743
1 to 3 Bedroom Apartments Available Now

Alexandria of Carmel Apartments

1411 Fairfax Manor DrCarmel, IN 46032
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Steeplechase at Shiloh Crossing
$1,250 - $3,371
Total Monthly Price

Total Monthly Price

Base Rent
$1,162 - $3,283
Required Monthly Fees
$88
Total Monthly Price
$1,250 - $3,371
1 to 3 Bedroom Apartments Available Now

Steeplechase at Shiloh Crossing

10272 Steeplechase DrAvon, IN 46123
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Copper Chase at Stones Crossing
$1,286 - $1,793
Total Monthly Price

Total Monthly Price

Base Rent
$1,157 - $1,664
Required Monthly Fees
$129
Total Monthly Price
$1,286 - $1,793
1 to 3 Bedroom Apartments Available Now

Copper Chase at Stones Crossing

2345 Thorium DrGreenwood, IN 46143
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Lakes of Carmel
Rent Specials
$1,296 - $1,777
Total Monthly Price

Total Monthly Price

Base Rent
$1,272 - $1,753
Required Monthly Fees
$24
Total Monthly Price
$1,296 - $1,777
1 to 2 Bedroom Apartments Available Now

Lakes of Carmel

382 Arbor DrCarmel, IN 46032
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Reserve at Williams Glen
$1,334 - $1,778
Total Monthly Price

Total Monthly Price

Base Rent
$1,250 - $1,694
Required Monthly Fees
$84
Total Monthly Price
$1,334 - $1,778
1 to 2 Bedroom Apartments Available Now

Reserve at Williams Glen

2201 Williams Glen BlvdZionsville, IN 46077
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Reveal on Cumberland Apartments
$1,352 - $3,910
Total Monthly Price

Total Monthly Price

Base Rent
$1,307 - $3,865
Required Monthly Fees
$45
Total Monthly Price
$1,352 - $3,910
1 to 3 Bedroom Apartments Available Now

Reveal on Cumberland Apartments

11723 Watermark WayFishers, IN 46037
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Carmel Center
Rent Specials
$1,395 - $3,195
Total Monthly Price

Total Monthly Price

Base Rent
$1,207 - $3,007
Required Monthly Fees
$188
Total Monthly Price
$1,395 - $3,195
1 to 3 Bedroom Apartments Available Now

Carmel Center

675 Beacon StCarmel, IN 46032
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Showing Results 801-850, Page 17 of 19

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Wendy • 3+ years in Indianapolis

August 10, 2025

One 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 $705.

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

decorative image for A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Indianapolis article

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.

decorative image for Your Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters article

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.

decorative image for Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods article

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

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

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.

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

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.

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

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.