
Apartments for Rent in Indianapolis, IN Under $5,200 (1,060 Rentals) Page 10 of 22


Total Monthly Price
272 Hoefgen St, Unit SI ID1336809P

Total Monthly Price
421 E Market St, Unit SI ID1384024P

Total Monthly Price
450 E Market St, Unit SI ID1384022P

520 E Washington St

423 E Michigan St

7686 Briarstone Ln

Total Monthly Price
423 E Michigan St, Unit SI ID1026470P

Furnished Studio-Indianapolis - Castleton

Total Monthly Price
421 E Market St, Unit SI ID1384023P

Total Monthly Price
615 N East St, Unit SI ID1364143P

Total Monthly Price
423 E Michigan St, Unit SI ID1032103P

Total Monthly Price
501n N New Jersey St, Unit SI ID1378236P

928-934 Martin Luther King Jr St

10325 Liverpool Way

835 Weghorst St

Total Monthly Price
520 E Washington St, Unit SI ID1407019P

7912 Bitternut Dr

2801 N Talbott St, Unit A

1613 Nowland Ave

Total Monthly Price
615 N East St, Unit SI ID1364133P

115-115 N Arsenal Ave

5157-5159 Carrollton Ave

12307 Cobblestone Ct

59 N Audubon Rd

6401 Central Ave

Furnished Studio-Indianapolis - Northwest - I-465

Furnished Studio-Indianapolis - West

3441 Prospect St

2235 Doctor M.L.K. Jr St

3281 Cherry Lake Ln

Furnished Studio-Indianapolis - Airport

1020-1022 S Randolph St

Furnished Studio-Indianapolis - Lawrence

636 E 108th St, Unit A

933-935 N Dearborn St

409 N Oakland Ave, Unit 411

1134 E Kelly St

2018 Rembrandt St

437 N State Ave

2950 Winthrop Ave, Unit B

1331 W 34th St

2121-2123 Fairfax Rd

3753 N Meridian St, Unit 104

901 Dequincy St

1918 W Washington St, Unit 10

7161 E Pleasant Run Pkwy S Dr, Unit 1

1756-1756 S Delaware St

622 N Linwood Ave

3415 N Capitol Ave
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 $5200 | $1,198 | $575 | $5,104 |
| Indianapolis 1 Bedroom Apartments Under $5200 | $1,385 | $544 | $4,071 |
| Indianapolis 2 Bedroom Apartments Under $5200 | $1,652 | $545 | $6,480 |
| Indianapolis 3 Bedroom Apartments Under $5200 | $2,038 | $626 | $8,346 |
| Indianapolis 4 Bedroom Apartments Under $5200 | $1,962 | $600 | $10,000+ |
| Indianapolis 5 Bedroom Apartments | $11,653 | $6,621 | $10,000+ |
Browse Top Apartments in Indianapolis
See all Apartments in IndianapolisExplore Indianapolis
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 524 Studio Apartments in Indianapolis with rent ranges from $575 to $5,104 with an average price of $1,198.
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 $1,385.
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 $1,652.
How expensive are Indianapolis Three Bedroom Apartments?
There are currently 503 Three Bedroom Apartments listings available in Indianapolis on ApartmentHomeLiving.com. The pricing ranges from $626 to $8,346 - averaging $2,038 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.