
Apartments for Rent in Indianapolis, IN Under $4,200 (1,143 Rentals) Page 9 of 23


Dunbar Court

Meridian Towers

Vivio on Tenth

The Sheldrake Apartments

The Stella

The Stratford

Volrath

515 E Market St

742 N Sheffield Ave

50 N Illinois St

421 N Pennsylvania St

337 Sanders St

2307 E 65th St

421 N Pennsylvania St

421 N Pennsylvania St

2838 N Washington Blvd

272 Hoefgen St

4452 Carrollton Ave

2834 N Washington Blvd

6115 Ralston Ave

5858 N College Ave

5858 N College Ave

2549 Columbia Ave

8510 Westfield Blvd

450 E Market St
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 | $1,176 | $448 | $5,271 |
| Indianapolis 1 Bedroom Apartments Under $4200 | $1,374 | $581 | $4,071 |
| Indianapolis 2 Bedroom Apartments Under $4200 | $1,654 | $563 | $5,706 |
| Indianapolis 3 Bedroom Apartments Under $4200 | $2,018 | $999 | $8,415 |
| Indianapolis 4 Bedroom Apartments Under $4200 | $1,854 | $600 | $8,416 |
| Indianapolis 5 Bedroom Apartments | $4,024 | $1,000 | $8,782 |
Browse Top Apartments in Indianapolis
See all Apartments in IndianapolisExplore 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 Indianapolis
How much are Studio apartments in Indianapolis?
There are currently 518 Studio Apartments in Indianapolis with rent ranges from $448 to $5,271 with an average price of $1,176.
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 $1,374.
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 $1,654.
How expensive are Indianapolis Three Bedroom Apartments?
There are currently 498 Three Bedroom Apartments listings available in Indianapolis on ApartmentHomeLiving.com. The pricing ranges from $999 to $8,415 - averaging $2,018 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.























