
New Apartments for Rent in Indianapolis, IN Under $3,900 (173 Rentals) Page 3 of 4


The E - Elevated Living in Whitestown

Crossing 5

Encore at Perry Crossing

Echo Park at Perry Crossing

The Olivia

Fishers Run Senior Apartments

The Grove

Total Monthly Price
District South

The Steadman Apartments of Carmel

Mezz 42

Wild Air Landing

VER at Proscenium Apartments

Nese Apartments

Overture at Proscenium Apartments

Signature at Carmel

Muse Carmel

Sunrise on the Monon

Grove Crossing

Hyde Park Towns & Flats

Maverick Modern Apartments

Flats at Stones Crossing

Apex at Perry Crossing

Greenview

Arlington Farms

Foundry at Heartland Crossing

Satori Flats

The State at Fishers Apartments

River Place Flats

Hobbs Station

Total Monthly Price
The Hangar on Emerson

Flats at Switch

Lavina

Avant

Wilshaw

Nickel Plate Station

Double Creek Flats Apartments

Arbuckle

Kensington Gardens

Aria Apartments of Zionsville

Riley Crossing at Gateway Park

Pullman Pointe

McCord Square Apartments

Madison at Greenwood

Regency Preserve

The Ascent Apartments of Plainfield

BroadAcre Apartments of McCordsville

The Mark at Fishers District

Grace Lane Apartments

The Barlow
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 New Indianapolis Apartments
What is the Cheapest New apartment in Indianapolis?
Currently the most affordable New Apartment in Indianapolis is at 632MLK listed at $200.
How much is the average rent for a New Indianapolis Apartment?
The average rent for a New Apartment in Indianapolis is $1,938.
What is the largest New Indianapolis Apartment for rent?
Today's New apartment with the most square footage in Indianapolis is a 2,675 square feet unit starting from $1,845 at Slate at Fishers District.
What is the average size for Indianapolis New Apartments for rent?
The average size for a New rental in Indianapolis is currently at 668 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.