
Apartments for Rent in Indianapolis, IN Under $4,900 (1,056 Rentals) Page 9 of 22


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525 E North St, Unit SI ID1303767P

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421 N Pennsylvania St, Unit SI ID1312605P

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421 N Pennsylvania St, Unit SI ID1312585P

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8538 Gandy Ct, Unit SI ID1303751P

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2834 N Washington Blvd, Unit SI ID1303785P

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2838 N Washington Blvd, Unit SI ID1303773P

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337 Sanders St, Unit SI ID1322532P

10363 Fairmont Ln

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1420 Prospect St, Unit SI ID1515750P

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423 E Michigan St, Unit SI ID1026465P

1121 Laurel St, Unit SI ID1515752P

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1118 Spruce St, Unit SI ID1515751P

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742 N Sheffield Ave, Unit SI ID1228636P

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230 E 9th St, Unit SI ID1303779P

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1523 S East St, Unit SI ID1342436P

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844 Camp St, Unit SI ID1303755P

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6160 N Rural St, Unit SI ID1379466P

747 N College Ave

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5858 N College Ave, Unit SI ID1376597P

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421 E Market St, Unit SI ID1384025P

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5858 N College Ave, Unit SI ID1376598P

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423 E Michigan St, Unit SI ID1032104P

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2318 N New Jersey St, Unit SI ID1364144P

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235 S Delaware St, Unit SI ID1364131P

518 Prospect St

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8506 Westfield Blvd, Unit SI ID1391804P

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330 E Vermont St, Unit SI ID1313967P

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235 S Delaware St, Unit SI ID1364142P

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1125 E 10th St, Unit SI ID1303781P

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8510 Westfield Blvd, Unit SI ID1391808P

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3203 Sutherland Ave, Unit SI ID1310761P

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6160 N Rural St, Unit SI ID1379467P

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421 N Pennsylvania St, Unit SI ID1313956P

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421 N Pennsylvania St, Unit SI ID1313954P

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421 N Pennsylvania St, Unit SI ID1312593P

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615 N East St, Unit SI FL2-ID1364146P

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8510 Westfield Blvd, Unit SI ID1391803P

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5858 N College Ave, Unit SI ID1376600P

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330 E Vermont St, Unit SI ID1312604P

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421 N Pennsylvania St, Unit SI ID1312591P

7569 Cherryhill Dr

Furnished Studio-Indianapolis - West 86th St.

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

2549 Columbia Ave

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272 Hoefgen St, Unit SI ID1336809P

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747 N College Ave, Unit SI ID1378238P

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501n N New Jersey St, Unit SI ID1378235P

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520 E Washington St, Unit SI ID1407020P

421 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 $4900 | $1,194 | $575 | $5,104 |
| Indianapolis 1 Bedroom Apartments Under $4900 | $1,386 | $544 | $4,071 |
| Indianapolis 2 Bedroom Apartments Under $4900 | $1,653 | $545 | $6,480 |
| Indianapolis 3 Bedroom Apartments Under $4900 | $2,042 | $626 | $8,588 |
| Indianapolis 4 Bedroom Apartments Under $4900 | $1,925 | $600 | $10,000+ |
| Indianapolis 5 Bedroom Apartments | $11,435 | $6,507 | $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 524 Studio Apartments in Indianapolis with rent ranges from $575 to $5,104 with an average price of $1,194.
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 $544 to $4,071 with an average monthly rent of $1,386.
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 $6,480. Today's average rental price for Two Bedrooms here is $1,653.
How expensive are Indianapolis Three Bedroom Apartments?
There are currently 502 Three Bedroom Apartments listings available in Indianapolis on ApartmentHomeLiving.com. The pricing ranges from $626 to $8,588 - averaging $2,042 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

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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.