
Studio Apartments for Rent in Indianapolis, IN Under $3,900 (215 Rentals) Page 3 of 5


Encore Apartments

Sherbrook

632MLK

Dunbar Court

Meridian Towers

Ashgrove Apartments

Cambridge Commons

7302 East Washington Street, Unit A, Unit A

Furnished Studio-Indianapolis - Lawrence

Furnished Studio-Indianapolis - West

Furnished Studio-Indianapolis - Castleton

Furnished Studio-Indianapolis - West 86th St.

Furnished Studio-Indianapolis - Northwest - I-465

Furnished Studio-Indianapolis - Airport

Furnished Studio-Indianapolis - Airport - W. Southern Ave.

423 E Michigan St, Unit SI ID1026464P

2930 N Dearborn St, Unit B

330 E Vermont St, Unit SI ID1312604P

501n N New Jersey St, Unit SI ID1378236P

520 E Washington St, Unit SI ID1407019P

421 N Pennsylvania St, Unit SI ID1312606P

423 E Michigan St, Unit SI ID1032103P

421 N Pennsylvania St, Unit SI ID1313969P

330 E Vermont St, Unit SI ID1313967P

4985 N Franklin Rd, Unit 1

2932 N Dearborn St, Unit B

5334 E Washington St

1065 W 33rd St

6124 Hillside Ave

421 E Market St

2932 N Dearborn St

Slate Run Lofts

Fisher Apartments

Crown Point Apartments

Brownstone Apartments

THE COURTS OF MONON

INDY INDIE ARTIST COLONY

Marblehead

D&T Nest

VILLAGE AT FALL CREEK

Pinewood Village Apartments

SUITES OF IRVINGTON

Historic Audubon Court

Garfield Terrace Apartments

Butler Place

The Harrison

Crossroads at Madison

Windsor

The Jordan
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 | $1,187 | $200 | $5,277 |
| Indianapolis 1 Bedroom Apartments | $1,387 | $544 | $5,852 |
| Indianapolis 2 Bedroom Apartments | $1,643 | $545 | $6,804 |
| Indianapolis 3 Bedroom Apartments | $2,028 | $626 | $8,619 |
| Indianapolis 4 Bedroom Apartments | $1,737 | $600 | $10,000+ |
| Indianapolis 5 Bedroom Apartments | $8,926 | $950 | $10,000+ |
Explore 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 632MLK listed at $200.
How much is the average rent for a Studio Indianapolis Apartment?
The average rent for a Studio Apartment in Indianapolis is $1,187.
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 $5,116 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 497 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

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

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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.