Studio Apartments for Rent in Indianapolis, IN (265 Rentals)

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When Life Happens: Your Options for Ending a Rental Lease Early

Unexpected life events can force you to break your lease. Learn how to communicate with your landlord, negotiate a solution, and understand your legal options for early termination.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Indianapolis, IN Local Guide

Photo of Justin Habersaat - Editing Staff
Written By:
Justin Habersaat
Editing Staff

Indianapolis Studio Apartment Units with Current Availability by Neighborhood

Availability Confirmed As of: August 01, 2025

There are currently 3717 available Studio apartment units from neighborhoods all over Indianapolis, IN that range in price from $595 to $5,274. Martindale, Keystone-Orchard and Downtown Indianapolis are the neighborhoods that currently have the most Studio availability. Here is today's list of the top neighborhoods in Indianapolis with the most available Studio apartments:

NeighborhoodAvailable UnitsMedian PriceMin Price
Martindale71$1,271$595
Keystone-Orchard70$1,295$595
Downtown Indianapolis67$1,294$595
Old Southside62$1,298$943
Market East61$1,299$943
The Canal61$1,302$650
16 Tech60$1,286$875
Irish Hill57$1,328$875
North Meridian57$1,291$875
Cottage Home56$1,299$875

Largest Available Indianapolis Studio Apartments

The largest available Studio apartment unit in Indianapolis, IN is found at River House in the Warfleigh neighborhood and is 1,665 square feet priced from $5,274. The Continental Towers at Vermont Place in the Martindale neighborhood has the second largest Studio, which is sized at 800 square feet and currently listed start at $1,350. Here is today’s list of the largest available Studio units in Indianapolis:

Apartment ListingModel NameSquare FootagePriced From
River HouseSuite 1001,665 Sq Ft$5,274
The Continental Towers at Vermont PlaceTurnverein 223800 Sq Ft$1,350
The VueSTUDIO APARTMENT750 Sq Ft$1,319
Pulliam SquareCourier748 Sq Ft$1,516
Rise on MeridianThe Abbi708 Sq Ft$1,514
The CoilS-A2704 Sq Ft$1,495
The StellaVega 80%701 Sq Ft$1,295
AYR ApartmentsBoutique - Live Work677 Sq Ft$1,724
AvantS2 Studio677 Sq Ft$1,365

Cheapest Available Indianapolis Studio Apartments

As of August 01, 2025 the lowest priced Studio apartment unit in Indianapolis, IN is the Studio Apartment Model starting from $629 at Meridian Towers in the Martindale neighborhood. The second most affordable Indianapolis Studio is the Studio Model at Glenstone Studios starting at $649 in the Allisonville neighborhood. The average price for all Studio apartments in Indianapolis is currently $1,252. Here is today’s list of the cheapest available Studio options in Indianapolis:

Apartment ListingModel NamePriced From
Meridian TowersStudio Apartment$629
Glenstone StudiosStudio$649
Country Club ApartmentsStudio$649
Serenity Manor 55+ Independent Senior LivingStudio$715
Rosewood CommonsStudio$725
Franklin StudiosStudio$725
The Pines at SoBroStudio Apartment$739
5700 Madison Apartments & Edgewood on MadisonEdgewood - Cypress$740
Marabou MillsStudio$740
Autumn Trails ApartmentsThe Maple$749

Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Indianapolis Overview

Indiana’s capital, Indianapolis, is the state’s largest city and it ranks 13th in the country for size. It sits near the convergence of the White River and Fall Creek. Recently, Forbes ranked Indianapolis as having one of the best downtowns in the country because of its appealing appearance as well as amenities like movie theaters, museums, art galleries, parks, retail shops and entertainment. Indianapolis has experienced moderate growth in the last few years, and currently has a population of nearly 840,000 residents.

Why live in Indianapolis, IN?

In Indianapolis, if you are a sports fan, you are in luck. The city boasts many sports-related venues and activities. There is a lot to do if you love history, art, and the outdoors as well (in the warmer months, of course!). Here are some of the highlights the city has to offer:

Pet Friendly Lifestyle
Indianapolis, IN

Ranked #1

Among cities in Indiana for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Indianapolis, IN Rentals by Map

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See the most popular apartments and homes in Indianapolis, IN

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Indianapolis, IN Apartments Map
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Indianapolis, IN Rental Homes Map

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 Studio Indianapolis Apartments

What is the Cheapest apartment in Indianapolis with Studio?

Currently the most affordable Studio in Indianapolis is at Meridian Towers listed at $629.

How much is the average rent for a Studio Indianapolis Apartment?

The average rent for a Studio Apartment in Indianapolis is $1,252.

What is the largest available Studio Indianapolis Apartment for rent?

Today's apartment with the most square footage in Indianapolis is a 1,665 square feet unit starting from $5,274 at River House.

What is the average size for Indianapolis Studio Apartments for rent?

The average size for a Studio rental in Indianapolis is currently 509 sq ft.

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.

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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.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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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.