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Studio Apartments
Crown Point Apartments
245 W 38th StIndianapolis, IN 46208
Cheap Studio Apartments for Rent in Indianapolis, IN from $595 (165 Rentals) Page 3 of 4
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New Bridge Apartments
2372 Beckwith DrIndianapolis, IN 46218
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Brownstone Apartments
3360 N Meridian StIndianapolis, IN 46208
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THE COURTS OF MONON
3605-3609 Balsam AveIndianapolis, IN 46205
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INDY INDIE ARTIST COLONY
26 E 14th StIndianapolis, IN 46202
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Northside Flats Apartments
1503 N Pennsylvania StIndianapolis, IN 46202
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Marblehead
3310 N Meridian StIndianapolis, IN 46208
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Sherman Forest
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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Garfield Terrace Apartments
2401 S Shelby StIndianapolis, IN 46203
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The Harrison
1320 N Delaware StIndianapolis, IN 46202
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Crossroads at Madison
4725 Madison AveIndianapolis, IN 46227
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The Marleigh
1434-1448 N Delaware StIndianapolis, IN 46202
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Windmill
10705 E Us-136Indianapolis, IN 46234
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Ritter Apartments
1708 N Ritter AveIndianapolis, IN 46218
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Rosedale Hills
2139 E Hanna AveIndianapolis, IN 46227
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Senate Manor Apartments
548 N Senate AveIndianapolis, IN 46204
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Bavarian Village Apartments
3001 Bavarian West DrIndianapolis, IN 46235
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Birchwood Place
1040 Fairfield AveIndianapolis, IN 46205
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South & Madison
1819 Madison Village DrIndianapolis, IN 46227
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Monon Walk Apartments
6115 Winthrop AveIndianapolis, IN 46220
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Spicewood
354 Spicewood DrIndianapolis, IN 46227
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Victoria Apartments
1244 N Illinois StIndianapolis, IN 46202
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Pickwick Farms Apartments
1540 Handball LnIndianapolis, IN 46260
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Crestwood Village North
9225 Garrison DrIndianapolis, IN 46240
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Eagledale Senior Apartments
2930 Lafayette RdIndianapolis, IN 46222
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Northwoods Apartments
816 Winding Brook East DrIndianapolis, IN 46234
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Chateau De Ville
5303 Rue De VilleIndianapolis, IN 46220
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Fountain Lake Villas
2220 E Stop 13 RdIndianapolis, IN 46227
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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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Historic Irvington Flats
222 S Downey AveIndianapolis, IN 46219
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Aspen Pointe Apartments
5838 W Mooresville RdIndianapolis, IN 46221
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Raleigh
108 E 13th StIndianapolis, IN 46202
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Van Dyke
1229 N Pennsylvania StIndianapolis, IN 46202
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Maryden on Central
1308 Central AveIndianapolis, IN 46202
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Northview
8607 Cholla RdIndianapolis, IN 46240
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Spink
1433 N Pennsylvania StIndianapolis, IN 46202
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The Congress at Library Square
923 N Meridian StIndianapolis, IN 46204
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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 Whit Apartments
307 N Pennsylvania StIndianapolis, IN 46204
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City's End
1441 Prospect StIndianapolis, IN 46203
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The Vue
718 E Georgia StIndianapolis, IN 46202
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 | $1,168 | $595 | $5,051 |
| Indianapolis 1 Bedroom Apartments | $1,364 | $497 | $5,256 |
| Indianapolis 2 Bedroom Apartments | $1,635 | $563 | $5,839 |
| Indianapolis 3 Bedroom Apartments | $2,028 | $825 | $10,000+ |
| Indianapolis 4 Bedroom Apartments | $1,754 | $600 | $10,000+ |
| Indianapolis 5 Bedroom Apartments | $12,076 | $1,529 | $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 The Stratford which is listed at $620, while the average apartment in Indianapolis costs $2,670.
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 9,792 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 $353 which is $2,317 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
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
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.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.