Cheap Apartments for Rent in Indianapolis, IN from $300 (846 Rentals) Page 3 of 17
Search the lowest-cost Apartments available for rent right now in Indianapolis.

932 E Market St

1133 N Olney St

Turtle Creek

The Life at Harrison Trails

Bristol Square

Mariners Village

The Abby

Abney Lake

Timber Point Apartments

Oakbrook Village

The Prairies Apartment Homes

1701 Fletcher Ave

The Park at Greenhill

3247-3247 Winthrop Ave

38-38 N Grant Ave

4912 E Washington St

El Dorado Apartments

Lincolnshire Broad Ripple

Maple Court

The Life at Northwest Gardens

Spinnaker Court

The Courts Apartment Homes

4013 Clarendon Rd, Unit 4013

Astoria Park Apartment Homes

River Road Apartments

Capital Place

Fox Club

Willow Glen East

Cross Creek Apartments

Reflections Apartments

Scandia Apartments

Trails at Lakeside

The Retreat Northwest

The Whitaker

310 N Kealing Ave

3520 E Fall Creek Pkwy N Dr

2945 Schofield Ave, Unit 2945

1138 36th St

The Woods of Eagle Creek

Lake Marina Apartments

The Vistas Apartment Homes

Priscilla on Pennsylvania

Welcome to Dawson Village – Welcome Home!

The Eclipse Apartment Homes

Fishermans Village

English Village

Jade North Apartments

Carrollton Manor Apartments
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 | $1,172 | $595 | $5,262 |
| Cheap Indianapolis 1 Bedroom Apartments | $1,370 | $495 | $4,071 |
| Cheap Indianapolis 2 Bedroom Apartments | $1,657 | $563 | $5,706 |
| Cheap Indianapolis 3 Bedroom Apartments | $2,008 | $999 | $8,455 |
| Cheap Indianapolis 4 Bedroom Apartments | $1,733 | $600 | $6,324 |
| Indianapolis 5 Bedroom Apartments | $10,865 | $1,000 | $10,000+ |
Browse Top Apartments in Indianapolis
See all Apartments in IndianapolisExplore Indianapolis
Getting Around Indianapolis, IN
Walk Score®
50 / 100
Somewhat Walkable
Some errands can be accomplished on foot
Bike Score®
53 / 100
Bikeable
Some bike infrastructure
Transit Score®
29 / 100
Some Transit
A few nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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 the Cheapest Studio apartment in Indianapolis?
Currently the most affordable Cheap Studio Apartment in Indianapolis is at Glenstone Studios listed at $649.
How much is rent for a Cheap One Bedroom Indianapolis Apartment?
The lowest price for a Cheap One Bedroom Indianapolis Apartment is $649 at Volrath.
What is the lowest price for a Cheap Two Bedroom Indianapolis Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Indianapolis is starting from $775 at The Aerie on 11th Street.
What is the most affordable Indianapolis Three Bedroom Apartment?
The best deal on a cheap Indianapolis Three Bedroom Apartment rental is at El Dorado Apartments and starts from $1,048.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

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.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

