close
View Me
Rent Specials
$1,442Studio Apartments Available Now
Ardmore Apartments
231 N Pennslvania StIndianapolis, IN 46204
Cheap Studio Apartments for Rent in Indianapolis, IN from $595 (189 Rentals) Page 3 of 4
close
View Me
$1,465Studio Apartments Available Now
The Continental Towers at Vermont Place
410 N Meridian StIndianapolis, IN 46204
close
View Me
$1,478 - $1,673Studio Apartments Available Jul 15
Cosmopolitan on the Canal
310 W Michigan StIndianapolis, IN 46202
close
View Me
Rent Specials
$1,490 - $2,659Studio Apartments Available Jul 8
Pulliam Square
152 E New York StIndianapolis, IN 46204
close
View Me
Studio Apartments
SUITES OF IRVINGTON
5730 E Washington StIndianapolis, IN 46219
close
View Me
Studio Apartments
Fisher Apartments
5125 W 10th StIndianapolis, IN 46224
close
View Me
Studio Apartments
Crown Point Apartments
245 W 38th StIndianapolis, IN 46208
close
View Me
Studio Apartments
Brownstone Apartments
3360 N Meridian StIndianapolis, IN 46208
close
View Me
Studio Apartments
THE COURTS OF MONON
3605-3609 Balsam AveIndianapolis, IN 46205
close
View Me
Studio Apartments
INDY INDIE ARTIST COLONY
26 E 14th StIndianapolis, IN 46202
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.
close
View Me
Studio Apartments
Marblehead
3310 N Meridian StIndianapolis, IN 46208
close
View Me
Studio Apartments
The Villages at Mill Crossing
3615 Sherman Forest DrIndianapolis, IN 46205
close
View Me
Studio Apartments
The Jordan
1445 N Delaware StIndianapolis, IN 46202
close
View Me
Studio Apartments
Windsor
1235 N Delaware StIndianapolis, IN 46202
close
View Me
Studio Apartments
VILLAGE AT FALL CREEK
3520-3534 Fall Creek Parkway North DrIndianapolis, IN 46205
close
View Me
Studio Apartments
Pinewood Village Apartments
5402 Norfolk WayIndianapolis, IN 46224
close
View Me
Studio Apartments
PICCADILLY
28 E 16th StIndianapolis, IN 46202
close
View Me
Studio Apartments
Historic Audubon Court
5703 E Washington StIndianapolis, IN 46219
close
View Me
Studio Apartments
Aragon Woods
8172 Aragon Woods DrIndianapolis, IN 46214
close
View Me
Studio Apartments
Reflections Apartments
7999 Silverleaf DrIndianapolis, IN 46260
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.
close
View Me
Studio Apartments
Garfield Terrace Apartments
2401 S Shelby StIndianapolis, IN 46203
close
View Me
Studio Apartments
The Harrison
1320 N Delaware StIndianapolis, IN 46202
close
View Me
Studio Apartments
Crossroads at Madison
4725 Madison AveIndianapolis, IN 46227
close
View Me
Studio Apartments
The Marleigh
1434-1448 N Delaware StIndianapolis, IN 46202
close
View Me
Studio Apartments
Elmtree Park
11023 Elmtree Park DrIndianapolis, IN 46229
close
View Me
Studio Apartments
Dogwood Glen
2390 Woodglen DrIndianapolis, IN 46260
close
View Me
Studio Apartments
Marabou Mills
3402 Marabou Mills DrIndianapolis, IN 46214
close
View Me
Studio Apartments
Autumn Trails Apartments
7975 Red Mill DrIndianapolis, IN 46226
close
View Me
Studio Apartments
Ritter Apartments
1708 N Ritter AveIndianapolis, IN 46218
close
View Me
Studio Apartments
Rosedale Hills
2139 E Hanna AveIndianapolis, IN 46227
Check Out Indianapolis’s Best Affordable Neighborhoods
Learn about Indianapolis and the best places to live with original content written by our Local Expert Wendy Melton
close
View Me
Studio Apartments
Traymore Apartments
1402 N Alabama StIndianapolis, IN 46202
close
View Me
Studio Apartments
Volrath
118 Palmer StIndianapolis, IN 46225
close
View Me
Studio Apartments
The Rotherwood Apartments
1503 N Pennsylvania StIndianapolis, IN 46202
close
View Me
Studio Apartments
Heathmoore - Indianapolis
5984 Heathmoore DrIndianapolis, IN 46237
close
View Me
Studio Apartments
Senate Manor Apartments
548 N Senate AveIndianapolis, IN 46204
close
View Me
Studio Apartments
Birchwood Place
1040 Fairfield AveIndianapolis, IN 46205
close
View Me
Studio Apartments
South & Madison
1819 Madison Village DrIndianapolis, IN 46227
close
View Me
Studio Apartments
The Victoria Apartments
1244 N Illinois StIndianapolis, IN 46202
close
View Me
Studio Apartments
Pickwick Farms Apartments
1540 Handball LnIndianapolis, IN 46260
close
View Me
Studio Apartments
Eagledale Senior Apartments
2930 Lafayette RdIndianapolis, IN 46222
close
View Me
Studio Apartments
Ninth Avenue Apartments
4651 Mimi DrIndianapolis, IN 46237
close
View Me
Studio Apartments
Northwoods Apartments
816 Winding Brook East DrIndianapolis, IN 46234
close
View Me
Studio Apartments
Chateau De Ville
5303 Rue De VilleIndianapolis, IN 46220
close
View Me
Studio Apartments
Fountain Lake Villas
2220 E Stop 13 RdIndianapolis, IN 46227
close
View Me
Studio Apartments
Senate Manor
545-551 N Senate AveIndianapolis, IN 46204
close
View Me
Studio Apartments
Slate Run Lofts
9555 International DrIndianapolis, IN 46268
close
View Me
Studio Apartments
Gathyr Apartments
1117 E Market StIndianapolis, IN 46202
close
View Me
Studio Apartments
Stonegate Apartments
1220-1226 N Illinois StIndianapolis, IN 46202
close
View Me
Studio Apartments
Crestwood Village North
9225 Garrison DrIndianapolis, IN 46240
close
View Me
Studio Apartments
Historic Irvington Flats
222 S Downey AveIndianapolis, IN 46219
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 | $1,232 | $595 | $5,869 |
| Indianapolis 1 Bedroom Apartments | $1,391 | $544 | $5,711 |
| Indianapolis 2 Bedroom Apartments | $1,667 | $650 | $9,128 |
| Indianapolis 3 Bedroom Apartments | $2,030 | $799 | $9,756 |
| Indianapolis 4 Bedroom Apartments | $2,383 | $600 | $10,000+ |
| Indianapolis 5 Bedroom Apartments | $6,297 | $1,300 | $10,000+ |
Explore Indianapolis
Let everyone know!
Do you know the Indianapolis area?
If you’re an expert on all things Indianapolis, tell us what you love (and don't) by rating it and writing a review.
Write a Review
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 $700.
What is the price of a cheap apartment in Indianapolis?
The cheapest apartment in Indianapolis is The Villages at Mill Crossing which is listed at $590, while the average apartment in Indianapolis costs $2,540.
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 6,793 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 $341 which is $2,199 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.
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.
Articles, How-To's, and Tips
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.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.
Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.