Studio Apartments for Rent in Indianapolis, IN (544 Rentals)

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Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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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: September 26, 2025

There are currently 4937 available Studio apartment units from neighborhoods all over Indianapolis, IN that range in price from $515 to $5,274. Wiliams Creek, Downtown Indianapolis and Greenbriar 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
Wiliams Creek90$1,235$749
Downtown Indianapolis84$1,261$595
Greenbriar81$925$705
Meridian Hills81$1,001$749
Clearwater79$1,245$749
Martindale77$1,249$515
Market East75$1,298$922
Old Southside74$1,292$922
North Central73$1,235$749
16 Tech72$1,299$515

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. Axis in the Riley neighborhood has the second largest Studio, which is sized at 751 square feet and currently listed start at $1,481. 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
AxisSpin751 Sq Ft$1,481
Cosmopolitan on the CanalChicago721 Sq Ft$1,381
Rise on MeridianThe Abbi708 Sq Ft$1,514
The CoilS-A2704 Sq Ft$1,395
The StellaVega 80%701 Sq Ft$1,550
South & MadisonE2681 Sq Ft$840
AYR ApartmentsBoutique - Live Work677 Sq Ft$1,724
The VueSTUDIO APARTMENT556 Sq Ft$1,186

Cheapest Available Indianapolis Studio Apartments

As of September 26, 2025 the lowest priced Studio apartment unit in Indianapolis, IN is the Studio, 1 bath Model starting from $515 at 34 North Apartments in the Martindale neighborhood. The second most affordable Indianapolis Studio is the The Bristol Model at Clearview starting at $519 in the Tracy Commons neighborhood. The average price for all Studio apartments in Indianapolis is currently $1,213. Here is today’s list of the cheapest available Studio options in Indianapolis:

Apartment ListingModel NamePriced From
34 North ApartmentsStudio, 1 bath$515
ClearviewThe Bristol$519
The StratfordStudio$520
Meridian TowersStudio Apartment$629
Glenstone StudiosStudio$649
5700 Madison Apartments & Edgewood on MadisonEdgewood - Cypress$665
WindmillStudio$699
Willowood EastStudio$705
Rosewood CommonsStudio$705
Heathmoore - IndianapolisStudio 1 Bath$705

Quick Rent Budget Calculator

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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.

Indianapolis, IN Area Reviews

  • Parks
  • Entertainment
  • Local Vibes
  • Restaurants
  • Location
  • Traffic
  • Public Transportation
  • Outdoor Access
  • Cost of Living
  • Safety

Wendy • 3+ years in Indianapolis

August 10, 2025

One of Indiana's most beautiful cities!

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 34 North Apartments listed at $515.

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

The average rent for a Studio Apartment in Indianapolis is $1,213.

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 508 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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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.