Apartments for Rent in Indianapolis, IN Under $4,200 (1,151 Rentals) Page 12 of 24

2407 E 16th St

445 W 29th St

7601 Carlton Arms Dr

1646 Ingram St

1129-1131 Keystone Ave

619-619 N Parker Ave

2956-2956 Central Ave

2919 E New York St

6111 Allisonville Rd

6111 Allisonville Rd

6111 Allisonville Rd

6111 Allisonville Rd

6111 Allisonville Rd

85 N Ewing St

5041 W 13th St

841 Birch Ave

838-838 N Oxford St

2945 N Denny St

4901 Whitton Pl

445-447 N Sherman Dr

7601 Carlton Arms Dr

7601 Carlton Arms Dr

1423-1423 S Meridian St

338 N Temple Ave

1118 King Ave

1119-1119 N Dearborn St

1144 Woodlawn Ave

The Coil

237 Villa Ave

3504 N Kenwood Ave

1801 N Broadway St

7387 E 54th St

450 Massachusetts Ave

9025 S Eldorado Dr

4850 Hillside Ave

2246 Ransdell St

2111-2113 Fairfax Rd
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 | $1,181 | $581 | $5,271 |
| Indianapolis 1 Bedroom Apartments Under $4200 | $1,379 | $581 | $4,071 |
| Indianapolis 2 Bedroom Apartments Under $4200 | $1,656 | $563 | $5,706 |
| Indianapolis 3 Bedroom Apartments Under $4200 | $2,016 | $999 | $8,288 |
| Indianapolis 4 Bedroom Apartments Under $4200 | $1,786 | $600 | $8,275 |
| Indianapolis 5 Bedroom Apartments | $4,029 | $1,000 | $8,793 |
Browse Top Apartments in Indianapolis
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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 Indianapolis
How much are Studio apartments in Indianapolis?
There are currently 517 Studio Apartments in Indianapolis with rent ranges from $581 to $5,271 with an average price of $1,181.
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 $581 to $4,071 with an average monthly rent of $1,379.
What does renting a Two Bedroom Apartment in Indianapolis cost?
The monthly rent prices of Two Bedroom Apartments currently available in Indianapolis range from $563 to $5,706. Today's average rental price for Two Bedrooms here is $1,656.
How expensive are Indianapolis Three Bedroom Apartments?
There are currently 497 Three Bedroom Apartments listings available in Indianapolis on ApartmentHomeLiving.com. The pricing ranges from $999 to $8,288 - averaging $2,016 for the location.
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.












