Cheap Apartments for Rent in Indianapolis, IN from $300 (867 Rentals) Page 5 of 18

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

property at 2804 Adams St

$975

3 Bedroom Rentals

Available Now

2804 Adams St

IndianapolisIN46218
close
View Me
Lake Castleton Apartments
Rent Specials
$980 - $1,654
Total Monthly Price

Total Monthly Price

Base Rent
$868 - $1,542
Required Monthly Fees
$112
Total Monthly Price
$980 - $1,654
Studio to 2 Bedroom Apartments Available Now

Lake Castleton Apartments

7601 Carlton Arms DrIndianapolis, IN 46256
Affordability
  • Verified
  • Customer Reviewed
  • 3D Tour
close
View Me
Riverbend Apartments
$986 - $1,889
Total Monthly Price

Total Monthly Price

Base Rent
$911 - $1,814
Required Monthly Fees
Varies
Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

Riverbend Apartments

8850 River Bend PkyIndianapolis, IN 46250
Active Lifestyle
  • Verified
  • Customer Reviewed
  • 3D Tour
close
View Me
Mansion Row Apartments
$999 - $1,699
Total Monthly Price

Total Monthly Price

Base Rent
$989 - $1,689
Required Monthly Fees
$10
Total Monthly Price
$999 - $1,699
1 to 3 Bedroom Apartments Available Now

Mansion Row Apartments

2602 Mansion DrIndianapolis, IN 46222
Cost Per Sq.Ft.
  • Verified
  • Customer Reviewed
  • 3D Tour
close
View Me
Chateau in the Woods
$999 - $1,581
Total Monthly Price

Total Monthly Price

Base Rent
$950 - $1,532
Required Monthly Fees
$49
Total Monthly Price
$999 - $1,581
1 to 3 Bedroom Apartments Available Now

Chateau in the Woods

4020 Monaco DrIndianapolis, IN 46220
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour
close
View Me
Eagle’s Edge
Rent Specials
$1,000 - $1,700
Total Monthly Price

Total Monthly Price

Base Rent
$985 - $1,685
Required Monthly Fees
$15
Total Monthly Price
$1,000 - $1,700
1 to 3 Bedroom Apartments Available Now

Eagle’s Edge

4301 Falcon Creek BlvdIndianapolis, IN 46254
Corporate Housing
  • Verified
  • Customer Reviewed
  • Low Income
close
View Me
Avery Point Apartments
$1,020 - $2,914
Total Monthly Price

Total Monthly Price

Base Rent
$977 - $2,871
Required Monthly Fees
$43
Total Monthly Price
$1,020 - $2,914
1 to 2 Bedroom Apartments Available Now

Avery Point Apartments

8525 Laurel Valley DrIndianapolis, IN 46250
Affordability
  • Verified
  • Customer Reviewed
  • 3D Tour
Showing Results 201-250, Page 5 of 18

Indianapolis, IN Area Reviews

  • Parks
  • Entertainment
  • Local Vibes
  • Restaurants
  • Location
  • Traffic
  • Public Transportation
  • Outdoor Access
  • Cost of Living
  • Safety

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 $655.

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 $2,862.

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 10,456 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 $389 which is $2,473 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.

decorative image for Indys Innovation Hub: Top Indianapolis Employers and the Neighborhoods that Welcome You Home article

Indys Innovation Hub: Top Indianapolis Employers and the Neighborhoods that Welcome You Home

Written by: Wendy Melton

Indianapolis is truly the heart of the Midwest. No matter what career path you choose, opportunities for advancement are everywhere.

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.