
Apartments for Rent in Indianapolis, IN Under $5,200 (1,060 Rentals) Page 9 of 22


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530 Massachusetts Ave, Unit SI ID1073994P

6105 N Rural St

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525 E North St, Unit SI ID1303767P

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1202 N New Jersey St, Unit SI ID1303780P

2838 N Washington Blvd

8538 Gandy Ct

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2834 N Washington Blvd, Unit SI ID1303785P

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421 N Pennsylvania St, Unit SI ID1312605P

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337 Sanders St, Unit SI ID1322532P

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10363 Fairmont Ln, Unit SI ID1522300P

421 N Pennsylvania St

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423 E Michigan St, Unit SI ID1026465P

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1420 Prospect St, Unit SI ID1515750P

1121 Laurel St, Unit SI ID1515752P

742 N Sheffield Ave

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1118 Spruce St, Unit SI ID1515751P

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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

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5858 N College Ave, Unit SI ID1376597P

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747 N College Ave, Unit SI ID1378237P

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423 E Michigan St, Unit SI ID1032104P

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5858 N College Ave, Unit SI ID1376598P

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421 E Market St, Unit SI ID1384025P

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2318 N New Jersey St, Unit SI ID1364144P

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235 S Delaware St, Unit SI ID1364131P

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518 Prospect St, Unit SI ID1353834P

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518 Prospect St, Unit SI ID1357365P

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330 E Vermont St, Unit SI ID1313967P

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8506 Westfield Blvd, Unit SI ID1391804P

8510 Westfield Blvd

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1125 E 10th St, Unit SI ID1303781P

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3203 Sutherland Ave, Unit SI ID1310761P

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235 S Delaware St, Unit SI ID1364142P

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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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8510 Westfield Blvd, Unit SI ID1391803P

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615 N East St, Unit SI FL2-ID1364146P

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330 E Vermont St, Unit SI ID1312604P

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421 N Pennsylvania St, Unit SI ID1312591P

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5858 N College Ave, Unit SI ID1376600P

7569 Cherryhill Dr

Furnished Studio-Indianapolis - West 86th St.

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

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2549 Columbia Ave, Unit SI ID1332865P

Total Monthly Price
747 N College Ave, Unit GO ID1378238P
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+ |
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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
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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.