
Apartments for Rent in Indianapolis, IN Under $5,000 (1,081 Rentals) Page 18 of 22


Encore at Perry Crossing

The Retreat at Carmel

Gardens on Gateway Senior Apartments

Emerald Lakes

Slate at Fishers District Luxury Villas & Townhomes

Nickel Plate Station

Fishers Run Senior Apartments

Outlook Hamilton 55+ Active Adult Apartments

VER at Proscenium Apartments

The Grove

The Domain at Bennett Farms

OLD TOWN ON THE MONON

Runaway Bay Apartments

Signature at Carmel

Greenwood Oaks

Wilshaw

Sunrise on the Monon

District South

River Place Flats

Furnished Studio-Indianapolis - Plainfield

The Olivia

Aria Apartments of Zionsville

The Hangar on Emerson Apartments

Alinium at Zionsville

Riley Crossing at Gateway Park

Carmel Center

Arlington Farms

Apex at Perry Crossing

Reveal on Cumberland Apartments

Camby Crossing

Maverick Modern Apartments

Avant

Devonshire Apartments

Greenview

The Ascent Apartments of Plainfield

The Rail at 1380

Canyon Club at Perry Crossing

Flats At Stones Crossing

Furnished Studio-Indianapolis - Greenwood

The State at Fishers Apartments

Grove Crossing

Nese Apartments

Echo Park at Perry Crossing

BroadAcre Apartments of McCordsville
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 $5000 | $1,269 | $595 | $7,770 |
Indianapolis 1 Bedroom Apartments Under $5000 | $1,396 | $597 | $4,072 |
Indianapolis 2 Bedroom Apartments Under $5000 | $1,662 | $695 | $5,803 |
Indianapolis 3 Bedroom Apartments Under $5000 | $2,054 | $1,015 | $10,000+ |
Indianapolis 4 Bedroom Apartments Under $5000 | $1,608 | $550 | $4,720 |
Indianapolis 5 Bedroom Apartments | $4,430 | $1,050 | $8,670 |
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 254 Studio Apartments in Indianapolis with rent ranges from $595 to $7,770 with an average price of $1,269.
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 $597 to $4,072 with an average monthly rent of $1,396.
What does renting a Two Bedroom Apartment in Indianapolis cost?
The monthly rent prices of Two Bedroom Apartments currently available in Indianapolis range from $695 to $5,803. Today's average rental price for Two Bedrooms here is $1,662.
How expensive are Indianapolis Three Bedroom Apartments?
There are currently 438 Three Bedroom Apartments listings available in Indianapolis on ApartmentHomeLiving.com. The pricing ranges from $1,015 to $11,089 - averaging $2,054 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.

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.