
New Apartments for Rent in Indianapolis, IN Under $4,200 (187 Rentals) Page 2 of 4


Wesley Place

The Assembly

River House

Gathyr Apartments

The Domino

City Heights

River West Flats

The Avenue

Alpine Studios
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

Madison Lofts

The Aerie on 11th Street

Union at 16th

Vivio on Tenth

The Stella

Line Lofts

928-934 Martin Luther King Jr St

The Coil

Sycamore Reserve Senior Living

Kennedy Apartments

Garfield Parkside Townhomes

The Overlook at Riverdale- Marian University

Cox Creek at Reagan Crossing

Preserve at Willow Springs

Illinois Street Senior Apartments

The Congress at Library Square

Morton School Senior Apartments

The Retreat On Washington

Slate Run Lofts

The Reserve at White River

Overlook at the Fairgrounds

Sunstone at Arlington Woods

Parkside At Tarkington

Wynne Farms Townhomes

Casey Corner Townhomes

Overture at Proscenium Apartments

Redwood Greenwood

Westhaven at Avon

Redwood Brownsburg
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 | $1,181 | $581 | $5,271 |
| Indianapolis 1 Bedroom Apartments | $1,379 | $581 | $4,071 |
| Indianapolis 2 Bedroom Apartments | $1,656 | $563 | $5,706 |
| Indianapolis 3 Bedroom Apartments | $2,016 | $999 | $8,288 |
| Indianapolis 4 Bedroom Apartments | $1,786 | $600 | $8,275 |
| Indianapolis 5 Bedroom Apartments | $4,029 | $1,000 | $8,793 |
Explore Indianapolis
Getting Around Indianapolis, IN
Walk Score®
50 / 100
Somewhat Walkable
Some errands can be accomplished on foot
Bike Score®
53 / 100
Bikeable
Some bike infrastructure
Transit Score®
29 / 100
Some Transit
A few nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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 Line Lofts listed at $563.
How much is the average rent for a New Indianapolis Apartment?
The average rent for a New Apartment in Indianapolis is $1,894.
What is the largest New Indianapolis Apartment for rent?
Today's New apartment with the most square footage in Indianapolis is a 2,300 square feet unit starting from $1,375 at Quarry at River North.
What is the average size for Indianapolis New Apartments for rent?
The average size for a New rental in Indianapolis is currently at 655 sq ft.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

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.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.










