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$1,399 - $1,499Studio Apartments Available Now
The Edge
1835 Edge BlvdIndianapolis, IN 46240
Cheap Studio Apartments for Rent in Indianapolis, IN from $579 (184 Rentals) Page 3 of 4
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$1,400Studio Apartments Available Oct 1
1238 S State Ave, Unit Apt 4
1238 S State AveIndianapolis, IN 46203
4707 E Washington St
IndianapolisIN46201
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SUITES OF IRVINGTON
5730 E Washington StIndianapolis, IN 46219
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Fisher Apartments
5125 W 10th StIndianapolis, IN 46224
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Crown Point Apartments
245 W 38th StIndianapolis, IN 46208
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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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Marblehead
3310 N Meridian StIndianapolis, IN 46208
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The Villages at Mill Crossing
3615 Sherman Forest DrIndianapolis, IN 46205
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
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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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Central State Mansion
202 Steeples BlvdIndianapolis, IN 46222
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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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Dogwood Glen
2390 Woodglen DrIndianapolis, IN 46260
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.
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Elmtree Park
11023 Elmtree Park DrIndianapolis, IN 46229
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Aragon Woods
8172 Aragon Woods DrIndianapolis, IN 46214
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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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The Rotherwood Apartments
1503 N Pennsylvania StIndianapolis, IN 46202
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Senate Manor Apartments
548 N Senate AveIndianapolis, IN 46204
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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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Heathmoore - Indianapolis
5984 Heathmoore DrIndianapolis, IN 46237
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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Spicewood
354 Spicewood DrIndianapolis, IN 46227
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The Victoria Apartments
1244 N Illinois StIndianapolis, IN 46202
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Reflections Apartments
7999 Silverleaf DrIndianapolis, IN 46260
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Eagledale Senior Apartments
2930 Lafayette RdIndianapolis, IN 46222
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Ninth Avenue Apartments
4651 Mimi DrIndianapolis, IN 46237
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Pickwick Farms Apartments
1540 Handball LnIndianapolis, IN 46260
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Northwoods Apartments
816 Winding Brook East DrIndianapolis, IN 46234
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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
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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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
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The Maryden
1308 Central AveIndianapolis, IN 46202
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The Vue
718 E Georgia StIndianapolis, IN 46202
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Edge 35
1224 Prospect StIndianapolis, IN 46203
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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
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.
Showing Results 101-150, Page 3 of 4
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 | $1,221 | $579 | $5,271 |
| Indianapolis 1 Bedroom Apartments | $1,397 | $543 | $8,763 |
| Indianapolis 2 Bedroom Apartments | $1,665 | $513 | $10,000+ |
| Indianapolis 3 Bedroom Apartments | $2,032 | $799 | $7,822 |
| Indianapolis 4 Bedroom Apartments | $2,231 | $600 | $6,677 |
| Indianapolis 5 Bedroom Apartments | $6,116 | $2,192 | $10,000+ |
Browse Top Apartments in Indianapolis
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Indianapolis, IN Area Reviews
Do you know the Indianapolis area?
Let everyone know!
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 $675.
What is the price of a cheap apartment in Indianapolis?
The cheapest apartment in Indianapolis is Meridian Towers which is listed at $629, while the average apartment in Indianapolis costs $1,400.
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 9,330 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 $297 which is $1,103 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
Welcome to Indy: A Local Expert's Guide to the City's Best Short-Term Rental Neighborhoods
Written by: Wendy Melton
My name is Wendy, and I am the local expert for ApartmentHomeLiving.com in the Indianapolis area. Being born and raised in Indiana, I know the true meaning of Hoosier hospitality.
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.
Articles, How-To's, and Tips
How Commercial-to-Residential Property Conversions Help the Housing Crisis
Written by: Robin Stewart
Many housing markets throughout America share a common complaint: a lack of affordable rental properties.
Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.
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.