
Cheap Apartments for Rent in Indianapolis, IN from $300 (785 Rentals) Page 6 of 16
Search the lowest-cost Apartments available for rent right now in Indianapolis.


6154 Commodore Dr

Northwood on the Trail

Home Place Senior Living

3709-3711 Kinnear Ave

358 W 26th St

1468 W 32nd St

2239 E 34th St

241 E 9th St

Total Monthly Price
Eagle’s Edge

The Sycamores

330 N Arsenal Ave

235 N Oakland Ave

The Park at Greenhill

Ashton Pointe

Murphy's Landing

Woodbrook

Woodbridge Castleton

The Towers at Crooked Creek Senior Housing

Alpine Studios

The Hermitage

Furnished Studio-Indianapolis - Lawrence

Total Monthly Price
Lakeshore Reserve Off 86th Apartments and Townhomes

Keeneland Crest Apartments

522 Fletcher Ave

The Washington

2721 Adams St

2059 N Keystone Ave

The Lodge at Trails Edge

TGM Avalon Lake

Covington Square

Edison at Meridian Hills

2216-2216 Norden Ct

Brockton

Total Monthly Price
Indy 7925

Park at Eagle Creek

The Eclipse Apartment Homes

Pine Glen

7988 N Michigan Rd

Buffalo Creek Apartments

The Assembly

Aura Apartments

Mann Village Apartments

Stonehenge

College Manor

338 Villa Ave

2822 E 18th St

633 E 38th St

Westpark Townhomes

Country Lake Estates
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 | $1,157 | $595 | $5,600 |
| Cheap Indianapolis 1 Bedroom Apartments | $1,371 | $497 | $4,874 |
| Cheap Indianapolis 2 Bedroom Apartments | $1,631 | $563 | $6,212 |
| Cheap Indianapolis 3 Bedroom Apartments | $2,029 | $825 | $10,000+ |
| Cheap Indianapolis 4 Bedroom Apartments | $1,650 | $600 | $10,000+ |
| Indianapolis 5 Bedroom Apartments | $9,610 | $1,000 | $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 Stratford listed at $620.
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 $579 at East Village at Avondale Meadows Apartments.
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 $999.
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.