Studio Apartments for Rent in Indianapolis, IN Under $1,500 (195 Rentals) Page 3 of 4

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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.

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property at 3165 Station St
$699
Studio Rentals
Available Now
Affordability

3165 Station St

IndianapolisIN46218
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Slate Run Lofts
Studio Apartments

Slate Run Lofts

9555 International DrIndianapolis, IN 46268
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Fisher Apartments
Studio Apartments

Fisher Apartments

5125 W 10th StIndianapolis, IN 46224
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Marblehead
Studio Apartments

Marblehead

3310 N Meridian StIndianapolis, IN 46208
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VILLAGE AT FALL CREEK
Studio Apartments

VILLAGE AT FALL CREEK

3520-3534 Fall Creek Parkway North DrIndianapolis, IN 46205
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Central State Mansion
Studio Apartments

Central State Mansion

202 Steeples BlvdIndianapolis, IN 46222
Student Housing
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Butler Place
Studio Apartments

Butler Place

5230 E Washington StIndianapolis, IN 46219
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The Harrison
Studio Apartments

The Harrison

1320 N Delaware StIndianapolis, IN 46202
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Windsor
Studio Apartments

Windsor

1235 N Delaware StIndianapolis, IN 46202
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The Jordan
Studio Apartments

The Jordan

1445 N Delaware StIndianapolis, IN 46202
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PICCADILLY
Studio Apartments

PICCADILLY

28 E 16th StIndianapolis, IN 46202
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Ritter Apartments
Studio Apartments

Ritter Apartments

1708 N Ritter AveIndianapolis, IN 46218
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Traymore Apartments
Studio Apartments

Traymore Apartments

1402 N Alabama StIndianapolis, IN 46202
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Encore Apartments
Studio Apartments

Encore Apartments

8035 Preidt PlIndianapolis, IN 46237
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Spicewood
Studio Apartments

Spicewood

354 Spicewood DrIndianapolis, IN 46227
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Aragon Woods
Studio Apartments

Aragon Woods

8172 Aragon Woods DrIndianapolis, IN 46214
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Fountain Lake Villas
Studio Apartments

Fountain Lake Villas

2220 E Stop 13 RdIndianapolis, IN 46227
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Senate Manor
Studio Apartments

Senate Manor

545-551 N Senate AveIndianapolis, IN 46204
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Stonegate Apartments
Studio Apartments

Stonegate Apartments

1220-1226 N Illinois StIndianapolis, IN 46202
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South & Madison
Studio Apartments

South & Madison

1819 Madison Village DrIndianapolis, IN 46227
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Crestwood Village North
Studio Apartments

Crestwood Village North

9225 Garrison DrIndianapolis, IN 46240
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Elmtree Park
Studio Apartments

Elmtree Park

11023 Elmtree Park DrIndianapolis, IN 46229
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Van Dyke
Studio Apartments

Van Dyke

1229 N Pennsylvania StIndianapolis, IN 46202
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The Maryden
Studio Apartments

The Maryden

1308 Central AveIndianapolis, IN 46202
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Raleigh
Studio Apartments

Raleigh

108 E 13th StIndianapolis, IN 46202
Showing Results 101-150, Page 3 of 4

Indianapolis, IN Area Reviews

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Wendy • 3+ years in Indianapolis

August 10, 2025

One of Indiana's most beautiful cities!

Frequently Asked Questions about Studio Indianapolis Apartments

What is the Cheapest apartment in Indianapolis with Studio?

Currently the most affordable Studio in Indianapolis is at Meridian Towers listed at $629.

How much is the average rent for a Studio Indianapolis Apartment?

The average rent for a Studio Apartment in Indianapolis is $1,221.

What is the largest available Studio Indianapolis Apartment for rent?

Today's apartment with the most square footage in Indianapolis is a 1,815 square feet unit starting from $5,271 at River House.

What is the average size for Indianapolis Studio Apartments for rent?

The average size for a Studio rental in Indianapolis is currently 487 sq ft.

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

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Welcome to Indy: A Local Expert's Guide to the City's Best Short-Term Rental Neighborhoods

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My name is Wendy, and I am the local expert for ApartmentHomeLiving.com in the Indianapolis area. Being born and raised in Indiana, I know the true meaning of Hoosier hospitality.

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Indys Innovation Hub: Top Indianapolis Employers and the Neighborhoods that Welcome You Home

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Indianapolis is truly the heart of the Midwest. No matter what career path you choose, opportunities for advancement are everywhere.

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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.

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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.

Articles, How-To's, and Tips

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How Commercial-to-Residential Property Conversions Help the Housing Crisis

Written by: Robin Stewart

Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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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.