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Studio Apartments
Wheeler Lofts
1035 Sanders StIndianapolis, IN 46203
Cheap Studio Apartments for Rent in Indianapolis, IN from $556 (167 Rentals) Page 4 of 4
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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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$817 - $1,237Studio Apartments Available Aug 14
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
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 - $1,234Studio Apartments Available Now
Main Street on the Monon
60 Knoll CtCarmel, IN 46032
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$1,135 - $1,160Studio Apartments Contact Us For Availability
The Residences at Carmel City Center
720 S Rangeline RdCarmel, IN 46032
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$1,247 - $1,883Studio Apartments Available Aug 21
The Flats at Fishers Marketplace
9588 Ambleside DrFishers, IN 46038
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$1,249 - $1,549Studio Apartments Available Now
Madison at Greenwood
523 S Madison AveGreenwood, IN 46142
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$1,292 - $1,587Studio Apartments Available Now
Nickel Plate Station
11671 Maple StFishers, IN 46038
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$1,299 - $1,449Studio 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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Brickyard Flats
6363 Hollister DrSpeedway, IN 46224
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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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Studio Apartments
Boulevard at Anson I
6290 Central BlvdWhitestown, IN 46075
Showing Results 151-167, Page 4 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 | $1,193 | $556 | $6,490 |
| Indianapolis 1 Bedroom Apartments | $1,370 | $518 | $4,208 |
| Indianapolis 2 Bedroom Apartments | $1,657 | $600 | $10,000+ |
| Indianapolis 3 Bedroom Apartments | $2,002 | $799 | $9,205 |
| Indianapolis 4 Bedroom Apartments | $2,146 | $600 | $9,414 |
| Indianapolis 5 Bedroom Apartments | $6,001 | $950 | $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 Meridian Towers which is listed at $599, while the average apartment in Indianapolis costs $1,375.
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 5,536 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 $311 which is $1,064 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
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.
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.
Articles, How-To's, and Tips
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.
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.
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.