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$1,389 - $2,471Studio to 3 Bedroom Apartments Available Now
River Place Flats
5705 Apex DrFishers, IN 46250
Cheap Apartments for Rent in Indianapolis, IN from $300 (940 Rentals) Page 18 of 19
Search the lowest-cost Apartments available for rent right now in Indianapolis.
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$1,394 - $2,745Studio to 3 Bedroom Apartments Available Now
Wild Air Landing
8476 Archer DrZionsville, IN 46077
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$1,394 - $3,7151 to 3 Bedroom Apartments Available Now
Old Town On The Monon
111 W Main StCarmel, IN 46032
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$1,395 - $3,195
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$1,207 - $3,007
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$188
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$1,395 - $3,195
Carmel Center
675 Beacon StCarmel, IN 46032
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$1,395 - $2,1451 to 3 Bedroom Apartments Available Now
Arlington Farms
2755 Red Bloom DrGreenwood, IN 46143
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$1,3992 Bedroom Apartments Available Now
Library Park
1613 Library BlvdGreenwood, IN 46143
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$1,400 - $1,950
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$1,365 - $1,915
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$35
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$1,400 - $1,950
Riley Crossing at Gateway Park
6857 Poetry PlGreenfield, IN 46140
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$1,400 - $1,8401 to 2 Bedroom Apartments Available Now
The Arbuckle
7249 Arbuckle CommonsBrownsburg, IN 46112
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$1,409 - $1,9471 to 2 Bedroom Apartments Available Now
Wilshaw
1525 N Main StSpeedway, IN 46224
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$1,410 - $2,598
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$1,302 - $2,490
Required Monthly Fees
$108
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$1,410 - $2,598
Apex at Perry Crossing
2673 Appalachian WayPlainfield, IN 46168
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$1,419 - $3,062
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$1,332 - $2,975
Required Monthly Fees
$87
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$1,419 - $3,062
Providence at Old Meridian
300 Providence BlvdCarmel, IN 46032
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$1,421 - $1,8981 to 2 Bedroom Apartments Available Now
Foundry at Heartland Crossing
8396 E Gunnoah WayCamby, IN 46113
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$1,422 - $4,447Studio to 3 Bedroom Apartments Available Now
Avant
12890 Old Meridian StCarmel, IN 46032
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$1,424 - $2,5741 to 3 Bedroom Apartments Available Now
Woods of West Carmel
11335 N Michigan RdZionsville, IN 46077
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$1,425 - $2,495
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$1,391 - $2,461
Required Monthly Fees
$34
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$1,425 - $2,495
Maverick Modern Apartments
370 Homestead AveGreenwood, IN 46143
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$1,429 - $2,869Studio to 3 Bedroom Apartments Available Now
Hobbs Station
2870 Pearsons PkyPlainfield, IN 46168
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$1,434 - $2,051
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$1,316 - $1,933
Required Monthly Fees
$118
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$1,434 - $2,051
Greenview
5790 Sunrise WayWhitestown, IN 46075
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$1,440 - $2,085
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$1,385 - $2,030
Required Monthly Fees
$55
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$1,440 - $2,085
The Hangar on Emerson
1140 E Emerson Pointe DrGreenwood, IN 46143
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$1,440 - $3,114Studio to 3 Bedroom Apartments Available Now
Signature at Carmel
13111 Old Meridian StCarmel, IN 46032
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$1,447 - $3,967
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$1,402 - $3,922
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$45
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$1,447 - $3,967
Double Creek Flats Apartments
335 Double Creek DrPlainfield, IN 46168
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$1,449 - $3,2491 to 3 Bedroom Apartments Available Now
Hyde Park Towns & Flats
13957 Royal Park DrNoblesville, IN 46060
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$1,450 - $2,125
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1 to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,327 - $2,002
Required Monthly Fees
$123
Total Monthly Price
$1,450 - $2,125
District South
8681 Edison Plaza DrFishers, IN 46038
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$1,450 - $1,7201 to 2 Bedroom Apartments Contact Us For Availability
Grove Crossing
1680 Grove Crossing BlvdGreenwood, IN 46143
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$1,450 - $1,6502 to 3 Bedroom Apartments Available Now
Pinebrook Apartments
1625 Pinecone Ln EGreenwood, IN 46142
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$1,454 - $2,6181 to 3 Bedroom Apartments Available Now
The Seasons of Carmel
9815 Seasons West DrCarmel, IN 46280
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$1,457 - $3,0191 to 3 Bedroom Apartments Available Now
Westhaven Luxury Apartments
7105 Westhaven CirZionsville, IN 46077
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$1,469 - $2,2271 to 3 Bedroom Apartments Available Now
Alinium at Zionsville
7145 Anderson DrZionsville, IN 46077
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$1,482 - $2,1051 to 3 Bedroom Apartments Available Now
Residences on Ronald Reagan
10531 Kings Row DrAvon, IN 46123
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$1,473 - $2,4931 to 3 Bedroom Apartments Available Now
Sunrise on the Monon
1501 Starcross LnCarmel, IN 46280
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$1,475 - $1,7991 to 3 Bedroom Apartments Available Now
Wentworth at WestClay Condominiums
12880 University CresCarmel, IN 46032
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$1,479 - $7,490Studio to 3 Bedroom Apartments Available Now
Lavina
7520 Alluvium StNoblesville, IN 46062
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$1,496 - $2,6401 to 2 Bedroom Apartments Available Now
VER at Proscenium Apartments
1225 Veterans WayCarmel, IN 46032
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$1,4992 Bedroom Apartments Available Now
Greenwood Oaks
714 Connors DrGreenwood, IN 46143
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$1,499 - $2,0491 to 2 Bedroom Apartments Available Now
Mezz 42
881 3rd Ave SWCarmel, IN 46032
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$1,499 - $2,8991 to 3 Bedroom Apartments Available Now
The E - Elevated Living in Whitestown
5821 Elevated WayWhitestown, IN 46075
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$1,499 - $2,368
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$1,381 - $2,250
Required Monthly Fees
$118
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$1,499 - $2,368
The Grove
5813 Lilliana LnWhitestown, IN 46075
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$1,499 - $2,8451 to 3 Bedroom Apartments Available Now
The Steadman Apartments of Carmel
11325 Springmill RdCarmel, IN 46032
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$1,499Studio Apartments Available Now
Furnished Studio-Indianapolis - Plainfield
6295 Gateway DrPlainfield, IN 46168
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$1,500 - $2,0001 to 2 Bedroom Apartments Available Now
Kensington Gardens
7298 Kensington WayMcCordsville, IN 46055
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1 to 2 Bedroom Apartments
Cottages at Sheek Road Apartments
1759 Sheek RdGreenwood, IN 46143
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1 to 2 Bedroom Apartments
Clary Crossing Senior Villas
3226 Clary BlvdGreenwood, IN 46143
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1 to 2 Bedroom Apartments
Main Street Commons
635 E Main StGreenwood, IN 46143
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SouthPointe Village Apartments
11245 Lantern RdFishers, IN 46038
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1 to 2 Bedroom Apartments
Kinnley Court
3650 Clarks Creek RdPlainfield, IN 46168
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1 to 2 Bedroom Apartments
Broadstone Pointe Senior Apartments
8121 McLavery WayBrownsburg, IN 46112
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1 to 4 Bedroom Apartments
The Commons at Wynne Farms Apartments
2828 Redrock Rd WBrownsburg, IN 46112
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1 to 2 Bedroom Apartments
Francis Apartments
1819 Main StBeech Grove, IN 46107
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1 to 2 Bedroom Apartments
Beech Grove Place Apartments
2314 Main StBeech Grove, IN 46107
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1 to 4 Bedroom Apartments
Beacon Pointe Apartments
1206 Beacon Pointe DrGreenwood, IN 46143
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Studio to 3 Bedroom Apartments
Arbor Manor
212 Churchill DrMooresville, IN 46158
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 | $1,156 | $595 | $5,671 |
| Cheap Indianapolis 1 Bedroom Apartments | $1,372 | $497 | $4,773 |
| Cheap Indianapolis 2 Bedroom Apartments | $1,631 | $563 | $6,212 |
| Cheap Indianapolis 3 Bedroom Apartments | $2,013 | $825 | $9,688 |
| Cheap Indianapolis 4 Bedroom Apartments | $1,714 | $600 | $8,192 |
| Indianapolis 5 Bedroom Apartments | $9,458 | $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 $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 $2,588.
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 9,289 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 $369 which is $2,219 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.