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520 E Washington StIndianapolis, IN 46204
Cheap Studio Apartments for Rent in Indianapolis, IN from $595 (183 Rentals) Page 4 of 4
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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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Studio Apartments
The Congress at Library Square
923 N Meridian StIndianapolis, IN 46204
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Studio Apartments
The Whit Apartments
307 N Pennsylvania StIndianapolis, IN 46204
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The Vue
718 E Georgia StIndianapolis, IN 46202
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City's End
1441 Prospect StIndianapolis, IN 46203
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Turnverein Apartments
902 N Meridian StIndianapolis, IN 46204
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$775 - $799Studio Apartments Available Now
Waterbury Apartments
421 Waterbury StGreenwood, IN 46142
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$779Studio Apartments Available Now
7046 E US Hwy 36
7046 E US Hwy 36Avon, IN 46123
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$785Studio Apartments Contact Us For Availability
Somerset Place
136 Somerset DrGreenwood, IN 46143
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$822 - $1,234Studio Apartments Available May 8
Polo Run Apartments
800 Kings Mill RdGreenwood, IN 46142
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$845 - $1,425
Total Monthly Price
Studio Apartments Available Mar 23Total Monthly Price
Base Rent
$830 - $2,830
Required Monthly Fees
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Clearview
715 Clearview DrGreenwood, IN 46143
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$1,064 - $1,264Studio Apartments Available Now
Main Street on the Monon
60 Knoll CtCarmel, IN 46032
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$1,105 - $1,155Studio Apartments Contact Us For Availability
The Kent at Carmel City Center
301 American Way NCarmel, IN 46032
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$1,186 - $1,480Studio Apartments Available Now
The Mark at Fishers District
11547 Yard StFishers, IN 46037
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$1,255 - $1,559Studio Apartments Available Apr 10
Nickel Plate Station
11671 Maple StFishers, IN 46038
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$1,274 - $1,381Studio Apartments Available Now
Madison at Greenwood
523 S Madison AveGreenwood, IN 46142
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$1,280 - $1,378Studio Apartments Contact Us For Availability
The Wren & The Windsor
750 Veterans WayCarmel, IN 46032
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$1,297 - $1,386Studio Apartments Available Apr 20
The Flats at Fishers Marketplace
9588 Ambleside DrFishers, IN 46038
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$1,325 - $2,715Studio Apartments Available Now
Muse Carmel
1685 E 116th StCarmel, IN 46032
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$1,339 - $4,429Studio Apartments Available Now
Lavina
7520 Alluvium StNoblesville, IN 46062
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$1,349Studio Apartments Available Now
Furnished Studio-Indianapolis - Greenwood
1009 Greenwood Springs DrGreenwood, IN 46143
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$1,364Studio Apartments Available May 23
River Place Flats
5705 Apex DrFishers, IN 46250
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$1,375Studio Apartments Available Now
The Arbuckle
7249 Arbuckle CommonsBrownsburg, IN 46112
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$1,413 - $2,151Studio Apartments Available Now
Avant
12890 Old Meridian StCarmel, IN 46032
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$1,459Studio Apartments Available Apr 3
Hobbs Station
2870 Pearsons PkyPlainfield, IN 46168
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$1,494 - $1,514Studio Apartments Available Jun 19
Wild Air Landing
8476 Archer DrZionsville, IN 46077
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Arbor Manor
212 Churchill DrMooresville, IN 46158
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Eastway Court Apartments
3 Manor DrGreenfield, IN 46140
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The Blvd at Anson
6290 Central BlvdWhitestown, IN 46075
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Randall Residence at Gateway Park
6338 W Quiet RdGreenfield, IN 46140
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Midtown Flats
591 Monon BlvdCarmel, IN 46032
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 | $1,165 | $595 | $4,832 |
| Indianapolis 1 Bedroom Apartments | $1,378 | $497 | $4,505 |
| Indianapolis 2 Bedroom Apartments | $1,636 | $515 | $6,668 |
| Indianapolis 3 Bedroom Apartments | $2,080 | $850 | $8,543 |
| Indianapolis 4 Bedroom Apartments | $1,973 | $600 | $10,000+ |
| Indianapolis 5 Bedroom Apartments | $9,472 | $900 | $10,000+ |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
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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 $690.
What is the price of a cheap apartment in Indianapolis?
The cheapest apartment in Indianapolis is D&T Nest which is listed at $575, while the average apartment in Indianapolis costs $3,058.
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 10,018 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 $387 which is $2,671 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
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.
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.