Cheap Studio Apartments for Rent in Indianapolis, IN from $495 (180 Rentals) Page 3 of 4

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Indianapolis is under $685.

The cheapest apartment in Indianapolis is The Villages at Mill Crossing which is listed at $590, while the average apartment in Indianapolis costs $2,649.

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 9,125 regular apartments in Indianapolis that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

Cheap apartments in Indianapolis have an average cost of $416 which is $2,233 cheaper than the average rent for all rentals in Indianapolis.