
Apartments for Rent in Indianapolis, IN Under $4,200 (1,039 Rentals) Page 10 of 21


6155 N Rural St

501n N New Jersey St

928-934 Martin Luther King Jr St

423 E Michigan St

423 E Michigan St

423 E Michigan St

Furnished Studio-Indianapolis - Castleton

4652 N Kenwood Ave

520 E Washington St

1526 Bellefontaine St

1524 Bellefontaine St

2519 N College Ave

20 Schiller St

6401 Central Ave

5234 N College Ave

Furnished Studio-Indianapolis - Northwest - I-465

2801 N Talbott St

Furnished Studio-Indianapolis - Airport - W. Southern Ave.

Furnished Studio-Indianapolis - West

3353 N College Ave

3441 Prospect St

4977 W 16th St

Furnished Studio-Indianapolis - Airport

5150 Pappas Dr

22 Hendricks Pl

7442 Rockleigh Ave

4233 E 38th St

1020-1022 S Randolph St

2950 Winthrop Ave

2950 Winthrop Ave

933 N Dearborn St

437 N State Ave

2018 Rembrandt St

Furnished Studio-Indianapolis - Lawrence

638 Woodruff Pl W Dr

7161 E Pleasant Run Pkwy S Dr

22 N Euclid Ave

802 N Meridian St

2159-2159 Bellefontaine St

1819-1819 Union St

645 Eastern Ave

117 W 36th St

Total Monthly Price
The Coil

7361 Westchester Dr

1801 N Broadway St

1340 Barth Ave

1338 Barth Ave

717-717 Southfield Ct

861 N Drexel Ave
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 $4200 | $1,187 | $495 | $5,271 |
| Indianapolis 1 Bedroom Apartments Under $4200 | $1,391 | $497 | $4,333 |
| Indianapolis 2 Bedroom Apartments Under $4200 | $1,649 | $545 | $5,655 |
| Indianapolis 3 Bedroom Apartments Under $4200 | $2,036 | $626 | $8,304 |
| Indianapolis 4 Bedroom Apartments Under $4200 | $1,779 | $600 | $10,000+ |
| Indianapolis 5 Bedroom Apartments | $7,278 | $950 | $10,000+ |
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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 528 Studio Apartments in Indianapolis with rent ranges from $495 to $5,271 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 $497 to $4,333 with an average monthly rent of $1,391.
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 $5,655. Today's average rental price for Two Bedrooms here is $1,649.
How expensive are Indianapolis Three Bedroom Apartments?
There are currently 508 Three Bedroom Apartments listings available in Indianapolis on ApartmentHomeLiving.com. The pricing ranges from $626 to $8,304 - averaging $2,036 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

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.