
New Apartments for Rent in Indianapolis, IN Under $4,200 (187 Rentals) Page 3 of 4


Redwood Plainfield

Trulo Homes Bridle Creek

Slate at Fishers District

The Railyard at Midtown

North End Apartments

The Steadman Apartments of Carmel

Crossing 5

Encore at Perry Crossing

Signature at Carmel

Gardens on Gateway Senior Apartments

The Olivia

Sylo

Fishers Run Senior Apartments

Kensington Gardens

The Grove

Mezz 42

The E - Elevated Living in Whitestown

River Place Flats

VER at Proscenium Apartments

Sunrise on the Monon

District South

Hyde Park Towns & Flats

Satori Flats

Hobbs Station

The Mark at Fishers District

The Foundry at Heartland Crossing

The Hangar on Emerson

Alinium at Zionsville

The Seasons of Carmel

McCord Square Apartments

Arlington Farms

Wild Air Landing

Flats at Stones Crossing

Apex at Perry Crossing

Echo Park at Perry Crossing

Maverick Modern Apartments

Riley Crossing at Gateway Park

BroadAcre Apartments of McCordsville

Residences on Ronald Reagan

Grove Crossing

Nese Apartments

Aria Apartments of Zionsville

Avant

Greenview

The Flats at Fishers Marketplace

Wilshaw

Nickel Plate Station

The Arbuckle

The State at Fishers Apartments
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.