
Apartments for Rent in Indianapolis, IN Under $3,900 (1,045 Rentals) Page 9 of 21


421 N Pennsylvania St, Unit SI ID1313969P

1125 E 10th St, Unit SI ID1303781P

518 Prospect St, Unit SI ID1353834P

6160 N Rural St, Unit SI ID1379466P

235 S Delaware St

421 E Market St

2318 N New Jersey St, Unit SI ID1364144P

421 N Pennsylvania St, Unit SI ID1312606P

423 E Michigan St, Unit SI ID1026467P

5858 N College Ave, Unit SI ID1376597P

844 Camp St, Unit SI ID1303760P

330 E Vermont St, Unit SI ID1313967P

747 N College Ave, Unit SI ID1378237P

423 E Michigan St, Unit SI ID1032104P

518 Prospect St, Unit SI ID1357365P

6105 N Rural St, Unit SI ID1308901P

8506 Westfield Blvd

421 N Pennsylvania St, Unit SI ID1312595P

330 E Vermont St, Unit SI ID1312604P

421 N Pennsylvania St

235 S Delaware St

8510 Westfield Blvd, Unit SI ID1391808P

3203 Sutherland Ave, Unit SI ID1310761P

6160 N Rural St

615 N East St, Unit SI FL2-ID1364146P

2549 Columbia Ave, Unit SI ID1332865P

8510 Westfield Blvd, Unit SI ID1391803P

50 N Illinois St, Unit SI ID1035274P

50 N Illinois St, Unit SI ID1035270P

7569 Cherryhill Dr

5858 N College Ave, Unit SI ID1376600P

450 E Market St, Unit SI ID1384022P

272 Hoefgen St, Unit SI ID1336809P

421 E Market St

50 N Illinois St, Unit SI ID1014556P

Furnished Studio-Indianapolis - West 86th St.

747 N College Ave, Unit SI ID1378238P

501n N New Jersey St, Unit SI ID1378235P

423 E Michigan St, Unit GO ID1032097P

50 N Illinois St, Unit SI ID1014558P

520 E Washington St

421 E Market St, Unit SI ID1384023P

423 E Michigan St, Unit SI ID1032105P

615 N East St, Unit SI ID1364143P

2818 N Capitol Ave, Unit Apt 1

2818 N Capitol Ave, Unit Unit 3

2818 N Capitol Ave, Unit Unit 2

423 E Michigan St, Unit SI ID1026464P

501n N New Jersey St
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 Under $3900 | $1,187 | $200 | $5,277 |
| Indianapolis 1 Bedroom Apartments Under $3900 | $1,387 | $544 | $5,852 |
| Indianapolis 2 Bedroom Apartments Under $3900 | $1,643 | $545 | $6,804 |
| Indianapolis 3 Bedroom Apartments Under $3900 | $2,028 | $626 | $8,619 |
| Indianapolis 4 Bedroom Apartments Under $3900 | $1,737 | $600 | $10,000+ |
| Indianapolis 5 Bedroom Apartments | $8,926 | $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 Indianapolis
How much are Studio apartments in Indianapolis?
There are currently 530 Studio Apartments in Indianapolis with rent ranges from $200 to $5,277 with an average price of $1,187.
What is the current price range for One Bedroom Indianapolis Apartments for rent?
Today's rental pricing for One Bedroom Apartments in Indianapolis ranges from $544 to $5,852 with an average monthly rent of $1,387.
What does renting a Two Bedroom Apartment in Indianapolis cost?
The monthly rent prices of Two Bedroom Apartments currently available in Indianapolis range from $545 to $6,804. Today's average rental price for Two Bedrooms here is $1,643.
How expensive are Indianapolis Three Bedroom Apartments?
There are currently 516 Three Bedroom Apartments listings available in Indianapolis on ApartmentHomeLiving.com. The pricing ranges from $626 to $8,619 - averaging $2,028 for the location.
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.