
Cheap Apartments for Rent in Indianapolis, IN from $300 (751 Rentals) Page 5 of 16
Search the lowest-cost Apartments available for rent right now in Indianapolis.


Woodbridge Castleton

Auburn Hills Apartments

Estates at Crystal Bay

Warren Harbor Apartments

The Hermitage

Astoria Park Apartment Homes

TGM Shadeland Station

Pebble Point

Oak Park

Avia Lofts at Founders Road

Historic Irvington Flats

Meridian Court

Overlook at Valley Ridge Apartments

Chateau in the Woods

Buffalo Creek Apartments

Ashton Pointe

Lofts on Madison

Aura Apartments

Pier 39 Apartments & Townhomes

Westpark Townhomes

The Residences on 56th Street

College Manor

Knoll Ridge Townhomes & Apartments

Country Lake Estates

The Villages of Bent Tree Apartments

The Masters Apartments

The Manning Apartment Homes

Oak Lake at Crooked Creek

Waterside at Castleton

Stadium Lofts & Flats

10 West Apartments

The Life at Belhaven Place

Eagle Creek Apartments

El Dorado

Park at Eagle Creek

3809 N Pennsylvania St, Unit 4

Circa Apartments

Forte Apartments

Fallwood

Parkside at Castleton Square Apartments and Townhomes

Edge 35

Ralston Apartments

Carriage House West

32 Wallace Ln

One Somerset Apartments

Fountain Parc
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 | $1,259 | $585 | $6,128 |
Cheap Indianapolis 1 Bedroom Apartments | $1,426 | $597 | $4,888 |
Cheap Indianapolis 2 Bedroom Apartments | $1,701 | $700 | $8,011 |
Cheap Indianapolis 3 Bedroom Apartments | $2,084 | $798 | $10,000+ |
Cheap Indianapolis 4 Bedroom Apartments | $1,682 | $550 | $4,882 |
Browse Top Apartments in Indianapolis
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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.
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 $695.
What is the price of a cheap apartment in Indianapolis?
The cheapest apartment in Indianapolis is Union at 16th which is listed at $684, while the average apartment in Indianapolis costs $2,337.
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 3,030 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 $334 which is $2,003 cheaper than the average rent for all rentals in Indianapolis.
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.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.