
Cheap Apartments for Rent in Indianapolis, IN from $300 (785 Rentals) Page 7 of 16
Search the lowest-cost Apartments available for rent right now in Indianapolis.


The Residences on 56th Street

7047 E 10th St

Eagle Lake Landing

Riley Towers

Woodlake

The Manning Apartment Homes

Maxwell Apartments

Oak Lake at Crooked Creek

Artistry Indy

Abney Lake

Waterside at Castleton

4008 N Arlington Ave

Carriage House West

Scandia Apartments

3331 N Butler Ave

Solana Apartments

Furnished Studio-Indianapolis - West

Crosswinds

The Villages of Bent Tree Apartments

Wyndham Hall Senior

Eagle Creek by Spark Living

Fallwood

800 Capitol

2246 Ransdell St

Lockerbie Flats

2238 Ransdell St

2240 Ransdell St

319 S Gray St

1210 N Goodlet Ave

706 N Bosart Ave

Pier 39 Apartments & Townhomes

Harbour Pointe

Vetra 5480

Wyckford Commons

Arborwood Apartments

Lofts on Madison

1301 N Olney St

Drake Street Garden Homes

The Parkview

3551 N Illinois St

1466 S Worth Ave

4306 Shelbyville Rd

1505 N Tuxedo St

823 Iowa St

Shore Acres

Edge 35

Waterfront Pointe

Furnished Studio-Indianapolis - Castleton

Total Monthly Price
The Retreat Northwest
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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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.