
Cheap Apartments for Rent in Indianapolis, IN from $300 (894 Rentals) Page 6 of 18
Search the lowest-cost Apartments available for rent right now in Indianapolis.


4200 N Arlington Ave, Unit 3

126 E Vermont St, Unit B1

The Manning Apartment Homes

Edge 35

55 W Fall Creek Pkwy S Dr

College Courts

Chateau in the Woods

Total Monthly Price
Horizons Apartments

The Towers at Crooked Creek Senior Housing

The Lenox Apartment Homes

Creek Bay

Aura Apartments

Mann Village Apartments

6065 Michigan Rd

Country Lake Estates

Westpark Townhomes

The Hermitage

Oak Lake at Crooked Creek

Riley Towers

Scandia Apartments

Abney Lake

Waterside at Castleton

Woods of Castleton

Lakeshore Reserve Off 86th Apartments and Townhomes

Ashton Brook

Oak Park

706-708 N Bosart Ave

Fallwood

Wyndham Hall

Crosswinds

The Eclipse Apartment Homes

Ralston Apartments

800 Capitol

Windsor Park

1742 N Whittier Pl

Lakeside Crossing at Eagle Creek Apartments and Townhomes

Pier 39 Apartments & Townhomes

Avery Point Apartments

The Residences on 56th

Edison at Meridian Hills

Paragon Park

Canal Square

Vetra 5480

Autumn Chase

Lofts on Madison

Wesley Place

1857 W 60th St

521 N Gladstone Ave

3256-3258 W Mooresville Rd
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 | $1,206 | $495 | $5,104 |
| Cheap Indianapolis 1 Bedroom Apartments | $1,373 | $544 | $4,071 |
| Cheap Indianapolis 2 Bedroom Apartments | $1,656 | $545 | $8,473 |
| Cheap Indianapolis 3 Bedroom Apartments | $2,029 | $626 | $8,587 |
| Cheap Indianapolis 4 Bedroom Apartments | $2,228 | $600 | $10,000+ |
| Indianapolis 5 Bedroom Apartments | $11,402 | $6,070 | $10,000+ |
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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 The Villages at Mill Crossing listed at $590.
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 $545 at The Villages at Mill Crossing.
What is the most affordable Indianapolis Three Bedroom Apartment?
The best deal on a cheap Indianapolis Three Bedroom Apartment rental is at Maison Gardens Apartments and starts from $870.
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.

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

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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.