1505 N Tuxedo St
IndianapolisIN46201
Cheap Apartments for Rent in Indianapolis, IN from $300 (867 Rentals) Page 7 of 18
Search the lowest-cost Apartments available for rent right now in Indianapolis.
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$1,105 - $1,9401 to 3 Bedroom Apartments Available Now
Castleton Manor Apartments
5850 Laketon DrIndianapolis, IN 46220
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$1,110 - $1,6751 to 2 Bedroom Apartments Available Now
Loch Haven
7938 Island Club DrIndianapolis, IN 46214
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$1,115 - $1,707
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1 to 3 Bedroom Apartments Available NowTotal Monthly Price
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$1,065 - $1,657
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Indy 7925
7925 Palawan DrIndianapolis, IN 46239
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$1,119 - $1,2792 Bedroom Apartments Available Now
Riverside
2638 Cold Spring Manor DrIndianapolis, IN 46222
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$1,120 - $1,552Studio to 2 Bedroom Apartments Available Now
The E'Laan
515 E Market StIndianapolis, IN 46204
1501 S Meridian St
IndianapolisIN46225
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$1,121 - $1,6871 to 4 Bedroom Apartments Contact Us For Availability
Kinwood Place
4901 S Emerson AveIndianapolis, IN 46203
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$1,129 - $1,3991 to 2 Bedroom Apartments Available Now
Riverchase Apartments
2730 Riverchase DrIndianapolis, IN 46214
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$1,129 - $2,0641 to 3 Bedroom Apartments Available Now
TGM Avalon Lake
6724 Greenshire DrIndianapolis, IN 46220
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$1,137 - $2,816Studio to 2 Bedroom Apartments Available Now
Lockerbie Lofts
640 E Michigan StIndianapolis, IN 46202
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$1,145 - $1,8151 to 3 Bedroom Apartments Available Now
Woods of Castleton
8281 Clearvista PkyIndianapolis, IN 46256
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$1,145 - $2,455Studio to 4 Bedroom Apartments Available Apr 10
Buckingham & Balmoral
3103 N Meridian StIndianapolis, IN 46208
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$1,145 - $1,7601 to 2 Bedroom Apartments Available Now
TGM Shadeland Station
7135 Thatcher DrIndianapolis, IN 46256
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$1,147 - $2,246
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1 to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,082 - $2,181
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Sundance Apartments
7213 Sundance DrIndianapolis, IN 46237
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$1,147 - $1,3962 Bedroom Apartments Available Now
Minnie Hartman
3734 E Vermont StIndianapolis, IN 46201
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$1,149 - $3,761
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Studio to 3 Bedroom Apartments Available NowTotal Monthly Price
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$1,066 - $3,678
Required Monthly Fees
$83
Total Monthly Price
$1,149 - $3,761
Monon Living
5934 Carvel AveIndianapolis, IN 46220
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$1,149 - $2,099Studio to 2 Bedroom Apartments Available Now
Wesmont
1515 Lewis StIndianapolis, IN 46202
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$1,149 - $1,2992 to 3 Bedroom Apartments Available Now
Paragon Park
1714 Wellington AveIndianapolis, IN 46219
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$1,149 - $1,4151 to 3 Bedroom Apartments Available Now
Estates at Crystal Bay
7136 Crystal Bay Dr EIndianapolis, IN 46260
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$1,150 - $1,8501 to 4 Bedroom Apartments Available Now
Northampton Village Apartments
3775 Allerton PlIndianapolis, IN 46226
2422 Coyner Ave
IndianapolisIN46218
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$1,1502 Bedroom Apartments Contact Us For Availability
Heritage Apartments
4111 C2 Stonecrest CtIndianapolis, IN 46229
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$1,1502 Bedroom Apartments Available Apr 15
1269 Farley Dr
1269 Farley DrIndianapolis, IN 46214
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$1,154 - $1,719
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1 to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,087 - $1,652
Required Monthly Fees
$67
Total Monthly Price
$1,154 - $1,719
Stadium Lofts & Flats
1501 W 16th StIndianapolis, IN 46202
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$1,157 - $1,5031 to 2 Bedroom Apartments Available Now
Lakeshore Apartments
8210 Lakeshore Trail East DrIndianapolis, IN 46250
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$1,157 - $4,5731 to 3 Bedroom Apartments Available Now
Overlook at Valley Ridge Apartments
6810 Valley Ridge DrIndianapolis, IN 46237
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$1,157 - $1,5921 to 3 Bedroom Apartments Available Now
The Meadows
4115 Meadows DrIndianapolis, IN 46205
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$1,164 - $2,305
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1 to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,153 - $2,294
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Wylde at Eagle Creek
6612 Eagle Pointe DrIndianapolis, IN 46254
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$1,172 - $1,6361 to 3 Bedroom Apartments Available Now
Waterfront Pointe
3015 Rolling Dunes DrIndianapolis, IN 46214
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$1,175 - $1,350
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Studio to 1 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,140 - $1,315
Required Monthly Fees
$35
Total Monthly Price
$1,175 - $1,350
The Delaware Apartments
2205 N Delaware StIndianapolis, IN 46205
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$1,175 - $1,5251 to 2 Bedroom Apartments Available Now
Crooked Creek
3947 Point Bar RdIndianapolis, IN 46268
2209 N Arsenal Ave
IndianapolisIN46218
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$1,176 - $1,2262 Bedroom Apartments Available Jan 15, 2027
Broad Ripple Flats
6018 N College AveIndianapolis, IN 46220
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$1,178 - $5,271Studio to 2 Bedroom Apartments Available Now
River House
6311 E Westfield BlvdIndianapolis, IN 46220
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$1,179 - $1,8201 to 3 Bedroom Apartments Available Now
Southern Dunes
7247 Vista CirIndianapolis, IN 46217
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$1,180 - $2,622
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1 to 3 Bedroom Apartments Available NowTotal Monthly Price
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$1,092 - $2,534
Required Monthly Fees
$88
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$1,180 - $2,622
The Residence at White River Apartments
3861 Gable LnIndianapolis, IN 46228
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$1,1802 Bedroom Apartments Available Now
Park Forest Apartments
4521 Park Forest CtIndianapolis, IN 46226
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$1,181 - $3,496
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1 to 4 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,106 - $3,421
Required Monthly Fees
$75
Total Monthly Price
$1,181 - $3,496
Ralston Apartments
1201 Indiana AveIndianapolis, IN 46202
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$1,183 - $2,4991 to 3 Bedroom Apartments Available Now
Chelsea Village
9280 Chelsea Village DrIndianapolis, IN 46260
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$1,190 - $2,824
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1 to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,102 - $2,736
Required Monthly Fees
$88
Total Monthly Price
$1,190 - $2,824
Center Point
6710 Hollow Run PlIndianapolis, IN 46214
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$1,195 - $1,852Studio to 2 Bedroom Apartments Available Now
Riverview
460 N White River Pkwy West DrIndianapolis, IN 46222
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$1,195 - $1,2502 Bedroom Apartments Available Now
Teal Run Apartments
2302 Windsong DrIndianapolis, IN 46229
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$1,195 - $1,8952 Bedroom Apartments Available May 15
Emhardt Apartments
512 E Minnesota StIndianapolis, IN 46203
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$1,197 - $3,0211 to 3 Bedroom Apartments Available Now
Latitudes Apartments
8940 Latitudes DrIndianapolis, IN 46237
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$1,197 - $2,917
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1 to 3 Bedroom Apartments Available NowTotal Monthly Price
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$1,153 - $2,873
Required Monthly Fees
$44
Total Monthly Price
$1,197 - $2,917
Harrison Place Apartments
5812 Beatle DrIndianapolis, IN 46216
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$1,199 - $1,4001 Bedroom Apartments Available Now
800 Capitol
800 N Capitol AveIndianapolis, IN 46204
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$1,199 - $1,6991 to 3 Bedroom Apartments Available Now
Bishop Pond Residences Apartments
6214 Long Channel LnIndianapolis, IN 46268
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$1,199 - $2,2901 to 3 Bedroom Apartments Available Now
The Otis at Fort Ben Apartments
9310 Otis AveIndianapolis, IN 46216
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$1,200 - $1,8201 to 3 Bedroom Apartments Available Jun 4
946 MLK
946 Dr Martin Luther King Jr StIndianapolis, IN 46202
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 | $1,189 | $495 | $5,277 |
| Cheap Indianapolis 1 Bedroom Apartments | $1,387 | $497 | $4,071 |
| Cheap Indianapolis 2 Bedroom Apartments | $1,647 | $545 | $5,655 |
| Cheap Indianapolis 3 Bedroom Apartments | $2,026 | $626 | $8,554 |
| Cheap Indianapolis 4 Bedroom Apartments | $1,804 | $600 | $10,000+ |
| Indianapolis 5 Bedroom Apartments | $7,296 | $950 | $10,000+ |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
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Write a ReviewWendy • 3+ years in Indianapolis
August 10, 2025One 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
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
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.