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Studio Apartments
Marblehead
3310 N Meridian StIndianapolis, IN 46208
Cheap Studio Apartments for Rent in Indianapolis, IN from $556 (167 Rentals) Page 3 of 4
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The Villages at Mill Crossing
3615 Sherman Forest DrIndianapolis, IN 46205
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The Jordan
1445 N Delaware StIndianapolis, IN 46202
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Windsor
1235 N Delaware StIndianapolis, IN 46202
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VILLAGE AT FALL CREEK
3520-3534 Fall Creek Parkway North DrIndianapolis, IN 46205
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Pinewood Village Apartments
5402 Norfolk WayIndianapolis, IN 46224
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PICCADILLY
28 E 16th StIndianapolis, IN 46202
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Historic Audubon Court
5703 E Washington StIndianapolis, IN 46219
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Aragon Woods
8172 Aragon Woods DrIndianapolis, IN 46214
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Garfield Terrace Apartments
2401 S Shelby StIndianapolis, IN 46203
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 Harrison
1320 N Delaware StIndianapolis, IN 46202
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Elmtree Park
11023 Elmtree Park DrIndianapolis, IN 46229
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Volrath
118 Palmer StIndianapolis, IN 46225
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The Marleigh
1434-1448 N Delaware StIndianapolis, IN 46202
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Dogwood Glen
2390 Woodglen DrIndianapolis, IN 46260
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Autumn Trails Apartments
7975 Red Mill DrIndianapolis, IN 46226
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Ritter Apartments
1708 N Ritter AveIndianapolis, IN 46218
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Traymore Apartments
1402 N Alabama StIndianapolis, IN 46202
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Heathmoore - Indianapolis
5984 Heathmoore DrIndianapolis, IN 46237
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The Rotherwood Apartments
1503 N Pennsylvania StIndianapolis, IN 46202
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.
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Senate Manor Apartments
548 N Senate AveIndianapolis, IN 46204
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Spicewood
354 Spicewood DrIndianapolis, IN 46227
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Windmill
10705 E Us-136Indianapolis, IN 46234
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Birchwood Place
1040 Fairfield AveIndianapolis, IN 46205
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The Meridian
1 E 36th StIndianapolis, IN 46205
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Encore Apartments
8035 Preidt PlIndianapolis, IN 46237
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South & Madison
1819 Madison Village DrIndianapolis, IN 46227
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Reflections Apartments
7999 Silverleaf DrIndianapolis, IN 46260
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The Victoria Apartments
1244 N Illinois StIndianapolis, IN 46202
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Eagledale Senior Apartments
2930 Lafayette RdIndianapolis, IN 46222
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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Northwoods Apartments
816 Winding Brook East DrIndianapolis, IN 46234
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Pickwick Farms Apartments
1540 Handball LnIndianapolis, IN 46260
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Ninth Avenue Apartments
4651 Mimi DrIndianapolis, IN 46237
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Fountain Lake Villas
2220 E Stop 13 RdIndianapolis, IN 46227
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Senate Manor
545-551 N Senate AveIndianapolis, IN 46204
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Slate Run Lofts
9555 International DrIndianapolis, IN 46268
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Stonegate Apartments
1220-1226 N Illinois StIndianapolis, IN 46202
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Crestwood Village North
9225 Garrison DrIndianapolis, IN 46240
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Raleigh
108 E 13th StIndianapolis, IN 46202
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Van Dyke
1229 N Pennsylvania StIndianapolis, IN 46202
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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Studio Apartments
Historic Irvington Flats
222 S Downey AveIndianapolis, IN 46219
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The Maryden
1308 Central AveIndianapolis, IN 46202
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Spink
1433 N Pennsylvania StIndianapolis, IN 46202
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Grid
520 E Washington StIndianapolis, IN 46204
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The McKay
611 N Pennsylvania StIndianapolis, IN 46204
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Morton School Senior Apartments
2101 N College AveIndianapolis, IN 46202
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The Vue
718 E Georgia StIndianapolis, IN 46202
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The Congress at Library Square
923 N Meridian StIndianapolis, IN 46204
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The Whit Apartments
307 N Pennsylvania StIndianapolis, IN 46204
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City's End
1441 Prospect StIndianapolis, IN 46203
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
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Indianapolis, IN Local Guide
How much does it cost to rent an apartment in Indianapolis?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Indianapolis Studio Apartments | $1,193 | $556 | $6,490 |
| Indianapolis 1 Bedroom Apartments | $1,370 | $518 | $4,208 |
| Indianapolis 2 Bedroom Apartments | $1,657 | $600 | $10,000+ |
| Indianapolis 3 Bedroom Apartments | $2,002 | $799 | $9,205 |
| Indianapolis 4 Bedroom Apartments | $2,146 | $600 | $9,414 |
| Indianapolis 5 Bedroom Apartments | $6,001 | $950 | $10,000+ |
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Indianapolis, IN Area Reviews
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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 $700.
What is the price of a cheap apartment in Indianapolis?
The cheapest apartment in Indianapolis is Meridian Towers which is listed at $599, while the average apartment in Indianapolis costs $1,375.
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 5,536 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 $311 which is $1,064 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
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.
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.
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.
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.
Articles, How-To's, and Tips
First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.
Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.