
Studio Apartments for Rent in Indianapolis, IN Under $1,500 (200 Rentals) Page 4 of 4


Historic Irvington Flats

The Maryden

Raleigh

Reflections Apartments

Spink

Morton School Senior Apartments

Eagledale Senior Apartments

Lockerbie Flats

The McKay

Dogwood Glen

The Congress at Library Square

Heathmoore - Indianapolis

Pickwick Farms Apartments

Wheeler Lofts

The MK

Turnverein Apartments

City's End

The Vue

The Whit Apartments

Grid

Hobbs Station

Madison at Greenwood

Overture at Proscenium Apartments

The Union Flats at Fishers District

River Place Flats

The Wren & The Windsor

Mezz 42

Nickel Plate Station

Muse Carmel

The Kent at Carmel City Center

The Residences at Carmel City Center

Lavina

The State at Fishers Apartments

The Mark at Fishers District

Avant

The Flats at Fishers Marketplace

Somerset Place

Main Street on the Monon

Polo Run Apartments

Arbuckle

Waterbury Apartments

Furnished Studio-Indianapolis - Greenwood

Brickyard Flats

Arbor Manor

Eastway Court Apartments

Clearview

Midtown Flats

Boulevard at Anson I

Randall Residence at Gateway Park
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+ |
Browse Top Apartments in Indianapolis
See all Apartments in IndianapolisExplore Indianapolis
Indianapolis, IN Area Reviews
Wendy • 3+ years in Indianapolis
August 10, 2025One 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 $599.
How much is the average rent for a Studio Indianapolis Apartment?
The average rent for a Studio Apartment in Indianapolis is $1,193.
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 $5,288 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 489 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

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.