
New Apartments for Rent in Indianapolis, IN Under $4,200 (172 Rentals) Page 2 of 4


Edge 35

The Assembly

Line Lofts

Alpine Studios

City Heights

Gathyr Apartments

The Domino

The Avenue

Plaza at Central Greens
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

River West Flats

Sunspring Apartments

Vivio on Tenth

928-934 Martin Luther King Jr St

Total Monthly Price
The Coil

Sycamore Reserve Senior Living

Kennedy Apartments

Garfield Parkside Townhomes

Cox Creek at Reagan Crossing

Alder Woods
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

The Vue

City's End

Roberts School Flats

Illinois Street Senior Apartments

Morton School Senior Apartments

Grid

The Congress at Library Square

Proctor Place

Slate Run Lofts

Monon Lofts

The Reserve at White River

Greyhound Village

University Lofts

Overlook at the Fairgrounds

Sunstone at Arlington Woods

D&T Nest

Parkside At Tarkington

Meridian Homes at Sycamore Drive

Casey Corner Townhomes

The Railyard at Midtown

Total Monthly Price
Wynne Farms

Redwood Greenwood

Redwood Plainfield

Whitman Villas at Gateway Park

Portrait Midtown

Total Monthly Price
Trulo Homes Bridle Creek

Total Monthly Price
Slate at Fishers District

Gardens on Gateway Senior Apartments

Sylo

The E
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 | $495 | $5,271 |
| Indianapolis 1 Bedroom Apartments | $1,391 | $497 | $4,333 |
| Indianapolis 2 Bedroom Apartments | $1,649 | $545 | $5,655 |
| Indianapolis 3 Bedroom Apartments | $2,036 | $626 | $8,304 |
| Indianapolis 4 Bedroom Apartments | $1,779 | $600 | $10,000+ |
| Indianapolis 5 Bedroom Apartments | $7,278 | $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 Vivio on Tenth listed at $600.
How much is the average rent for a New Indianapolis Apartment?
The average rent for a New Apartment in Indianapolis is $1,959.
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 $1,695 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 659 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

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.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.