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Studio Apartments
Aspen Pointe Apartments
5838 W Mooresville RdIndianapolis, IN 46221
Cheap Studio Apartments for Rent in Indianapolis, IN from $595 (189 Rentals) Page 4 of 4
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Studio Apartments
Raleigh
108 E 13th StIndianapolis, IN 46202
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Studio Apartments
Van Dyke
1229 N Pennsylvania StIndianapolis, IN 46202
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Studio Apartments
The Maryden
1308 Central AveIndianapolis, IN 46202
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Studio Apartments
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
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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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Studio Apartments
The Congress at Library Square
923 N Meridian StIndianapolis, IN 46204
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The Vue
718 E Georgia StIndianapolis, IN 46202
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Studio Apartments
City's End
1441 Prospect StIndianapolis, IN 46203
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The MK
5858 N College AveIndianapolis, IN 46220
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Studio Apartments
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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$785Studio Apartments Contact Us For Availability
Somerset Place
136 Somerset DrGreenwood, IN 46143
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$804 - $1,227Studio Apartments Available Aug 21
Polo Run Apartments
800 Kings Mill RdGreenwood, IN 46142
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$1,078 - $1,598Studio Apartments Contact Us For Availability
The Wren & The Windsor in Carmel City Center
750 Veterans WayCarmel, IN 46032
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$1,115 - $1,135Studio Apartments Contact Us For Availability
The Kent at Carmel City Center
301 American Way NCarmel, IN 46032
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$1,134 - $1,324Studio Apartments Available Now
Main Street on the Monon
60 Knoll CtCarmel, IN 46032
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$1,181 - $1,257Studio Apartments Contact Us For Availability
Arbuckle
7249 Arbuckle CommonsBrownsburg, IN 46112
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$1,212 - $1,349Studio Apartments Available Now
Madison at Greenwood
523 S Madison AveGreenwood, IN 46142
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$1,228 - $5,869Studio Apartments Available Now
Lavina
7520 Alluvium StNoblesville, IN 46062
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$1,229 - $1,709Studio Apartments Available Jul 4
The Mark at Fishers District
11547 Yard StFishers, IN 46037
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$1,330 - $2,354Studio Apartments Available Now
Muse Carmel
1685 E 116th StCarmel, IN 46032
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$1,334 - $1,662Studio Apartments Available Jul 3
The Flats at Fishers Marketplace
9588 Ambleside DrFishers, IN 46038
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$1,342 - $1,759Studio Apartments Available Now
Nickel Plate Station
11671 Maple StFishers, IN 46038
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$1,355 - $2,087Studio Apartments Contact Us For Availability
Avant
12890 Old Meridian StCarmel, IN 46032
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$1,375 - $1,435Studio Apartments Available Nov 26
The Union Flats at Fishers District
11433 Union StFishers, IN 46037
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$1,399 - $1,429Studio Apartments Available Jun 30
The State at Fishers Apartments
10510 Kings Wy RdFishers, IN 46037
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Rent Specials
$1,399 - $1,409Studio Apartments Available Jun 20
River Place Flats
5705 Apex DrFishers, IN 46250
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$1,400 - $1,465Studio Apartments Available Jul 7
Overture at Proscenium Apartments
1155 S Rangeline RdCarmel, IN 46032
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$1,449 - $1,549Studio Apartments Available Now
Hobbs Station
2870 Pearsons PkyPlainfield, IN 46168
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Arbor Manor
212 Churchill DrMooresville, IN 46158
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Clearview
715 Clearview DrGreenwood, IN 46143
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Eastway Court Apartments
3 Manor DrGreenfield, IN 46140
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Boulevard at Anson I
6290 Central BlvdWhitestown, IN 46075
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Midtown Flats
591 Monon BlvdCarmel, IN 46032
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Studio Apartments
Randall Residence at Gateway Park
6338 W Quiet RdGreenfield, IN 46140
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+ |
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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 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.