
New Apartments for Rent in Indianapolis, IN Under $4,800 (188 Rentals) Page 3 of 4


Redwood Greenwood

Redwood Brownsburg

Trulo Homes Bridle Creek

Redwood Whitestown

Slate at Fishers District

Redwood Plainfield

The Railyard at Midtown

The Seasons of Carmel

Sylo

Encore at Perry Crossing

Gardens on Gateway Senior Apartments

The Olivia

Fishers Run Senior Apartments

Signature at Carmel

Kensington Gardens

The E - Elevated Living in Whitestown

The Steadman Apartments of Carmel

Echo Park at Perry Crossing

Maverick Modern Apartments

River Place Flats

Satori Flats

Sunrise on the Monon

District South

Hyde Park Towns & Flats

Alinium at Zionsville

VER at Proscenium Apartments

Foundry at Heartland Crossing

The Hangar on Emerson

Apex at Perry Crossing

Overture at Proscenium Apartments

Flats at Stones Crossing

Mezz 42

Pullman Pointe

Arlington Farms

Wild Air Landing

The Grove

Avant

BroadAcre Apartments of McCordsville

Grove Crossing

Greenview

McCord Square Apartments

The Barlow

Nese Apartments

Aria Apartments of Zionsville

The Mark at Fishers District

The Flats at Fishers Marketplace

The Ascent Apartments of Plainfield

The Arbuckle

Wilshaw
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 | $1,161 | $595 | $5,274 |
| Indianapolis 1 Bedroom Apartments | $1,369 | $495 | $4,702 |
| Indianapolis 2 Bedroom Apartments | $1,642 | $316 | $5,706 |
| Indianapolis 3 Bedroom Apartments | $2,017 | $925 | $10,000+ |
| Indianapolis 4 Bedroom Apartments | $1,654 | $600 | $10,000+ |
| Indianapolis 5 Bedroom Apartments | $14,098 | $8,872 | $10,000+ |
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 $1,880.
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 $1,249 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 656 sq ft.
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.
Articles, How-To's, and Tips

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.

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.

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!