
Apartments for Rent with Specials in Indianapolis, IN Under $1,500 (231 Rentals)
Apartments in Indianapolis with special offers and discounts available right now - opportunities to save money or get a month or more of free rent.


The E'Laan

Covington Square

Ironworks at Keystone

The Row

Ardmore Apartments

Slate Apartments

The Preserve on Allisonville Townhomes

Pulliam Square

Total Monthly Price
Wynbrooke Senior Apartments
Indy's Innovation Hub: Top Indianapolis Employers and the Neighborhoods that Welcome You Home
Find your dream job and perfect neighborhood in Indy. Discover major companies and the best places to live for young professionals and families, from historic districts to quiet, upscale communities.

The Otis at Fort Ben Apartments

Shadeland Terrace Townhomes w/Full Basements

Castle Creek Apartments

Ivy Knoll Apartments

The Meadows Apartment Homes

Edgewater Apartments

The Edge

ARLO Apartments

Circa Apartments

Park 66 Flats
Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods
Discover the heart of the Midwest! Learn about popular Indianapolis neighborhoods to rent like Speedway and Eagledale, plus top universities and can't-miss places to eat.

Notch at Nora

The Jacob

AYR Apartments

The Grounds

The Stella

LINDEN SQUARE

Forte Apartments

The Riverside Apartment Homes

Total Monthly Price
Pleasant Run Senior Apartments

Rise on Meridian
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Union Square

Total Monthly Price
The 85Twenty

Pinnex

Versa

The Fort Apartments

River Ridge Apartments

The Domino

Nook Nine

Penn Street Tower Apartments

Iron Trail
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.

Aberdeen Apartments

River Crossing

The Reserve at Franklin Glenn

Eagle Creek by Spark Living

Hanna Village

Wesmont

Lakeshore Apartments

Riverview

Sundance Apartments

Broad Ripple Flats
Check Out Indianapolis’s Best Affordable Neighborhoods
Learn about Indianapolis and the best places to live with original content written by our Local Expert Wendy Melton
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 | $1,200 | $495 | $5,104 |
| Indianapolis 1 Bedroom Apartments | $1,374 | $544 | $4,071 |
| Indianapolis 2 Bedroom Apartments | $1,659 | $545 | $8,473 |
| Indianapolis 3 Bedroom Apartments | $2,010 | $626 | $7,085 |
| Indianapolis 4 Bedroom Apartments | $2,273 | $600 | $10,000+ |
| Indianapolis 5 Bedroom Apartments | $11,836 | $6,074 | $10,000+ |
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Indianapolis, IN Local Guide
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Your Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters
Learn About the Best Neighborhoods to Rent Near College Campuses in Indianapolis, IN | Find Charlotte Indianapolis Student Housing at ApartmentHomeLiving.com
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Indianapolis, IN Rentals by Map
See the most popular apartments and homes in Indianapolis, IN
Indianapolis, IN Area Reviews
Wendy • 3+ years in Indianapolis
August 10, 2025One of Indiana's most beautiful cities!
Frequently Asked Questions about Rent Specials Indianapolis Apartments
What is the Cheapest Rent Specials apartment in Indianapolis?
Currently the most affordable Rent Specials Apartment in Indianapolis is at Vivio on Tenth listed at $600.
How much is the average rent for a Rent Specials Indianapolis Apartment?
The average rent for a Rent Specials Apartment in Indianapolis is $1,542.
What is the largest Rent Specials Indianapolis Apartment for rent?
Today's Rent Specials apartment with the most square footage in Indianapolis is a 2,675 square feet unit starting from $1,695 at Slate at Fishers District.
What is the average size for Indianapolis Rent Specials Apartments for rent?
The average size for a Rent Specials rental in Indianapolis is currently at 666 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

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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.