
Cheap Apartments for Rent in Indianapolis, IN from $300 (764 Rentals) Page 7 of 16
Search the lowest-cost Apartments available for rent right now in Indianapolis.


Riverview

Aspen Lakes

Edgewater Apartments

Temple Lofts

The Domino

Alder Woods LLC

Stone Ridge Flats and Townhomes

Residence on Penn

Wesley Place

946 MLK

1920 E Washington St

622 N Linwood Ave

River Crossing

2131 North

Apollo & Aurora Apartments

Eagle Lake Landing

Lakeshore Apartments

Riverchase Apartments

EAGLE CHASE APARTMENTS

LINDEN SQUARE

Lockerbie Lofts

Reserve at Franklin Glen

Latitudes Apartments

Iron Trail

401-401.5-4015 N Colorado Ave

Canal Square

Lakes of Windsor

Union Square

Autumn Chase

Community Place

Wesmont

Gardens of Canal Court

7302 East Washington Street, Unit A

;

Rise on Meridian

Sundance Apartments

333 Penn Apartments

Southern Dunes

The Fort Apartments

The E'Laan

The Elliott at College Park Apartment Homes

North Willow

1801 N Broadway St

Maxwell Apartments
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 | $1,260 | $585 | $6,128 |
Cheap Indianapolis 1 Bedroom Apartments | $1,425 | $597 | $4,888 |
Cheap Indianapolis 2 Bedroom Apartments | $1,700 | $700 | $8,011 |
Cheap Indianapolis 3 Bedroom Apartments | $2,082 | $798 | $10,000+ |
Cheap Indianapolis 4 Bedroom Apartments | $1,680 | $550 | $4,500 |
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 $2,339.
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 3,099 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 $337 which is $2,002 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.