
Cheap 1 Bedroom Apartments for Rent in the Downtown Indianapolis Neighborhood of Indianapolis, IN from $497 (103 Rentals)


1010 Central

16 Park Apartments

Christamore Court Rehab LP

Union at 16th

The Sheldrake Apartments

1733 N. Meridian

St. Agnes Apartments

Maple Creek Village

INDY FLATS
Genius Ideas and Studio Layout Tips That Maximize Every Square Inch
Transform your studio apartment layout and maximize storage. Get proven ideas from a 20-year property expert to make any small space stylish and functional.

Dunbar Court

Utomin Apartments

1329 E Market St

River West Flats

Devonshire Apartments in Downtown Indianapolis

Lockefield Gardens

College Manor

145 E 14th St

522 Fletcher Ave

The Assembly
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Create a productive work-from-home apartment setup, even in a small space or studio. Discover layout ideas, desk solutions, and organization tips that actually work.

Circle City

Total Monthly Price
Ralston Apartments

Wesley Place

Canal Square

The Assumption on Blaine

Total Monthly Price
9 On Canal

Artistry Indy

Maxwell Apartments

Plaza at Central Greens

Stadium Lofts & Flats
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Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

333 Penn Apartments

Garden Arch Apartments

2131 North

Apollo & Aurora Apartments

Penn Street Tower Apartments

The Grounds

Nine+Eighteen

Gardens of Canal Court

The Continental Towers at Vermont Place

Five Twenty Virginia
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Riverview

Mozzo apartments

The Delaware Apartments

Temple Lofts

CityWay

Colmar Apartments

Riley Towers

800 Capitol

Koehne Commons Apartments

INDY INDIE ARTIST COLONY
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
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Downtown Indianapolis, Indianapolis, IN Local Guide

How much does it cost to rent an apartment in Downtown Indianapolis?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Indianapolis Studio Apartments | $1,297 | $595 | $4,070 |
Downtown Indianapolis 1 Bedroom Apartments | $1,567 | $497 | $4,071 |
| Downtown Indianapolis 2 Bedroom Apartments | $2,016 | $515 | $6,207 |
| Downtown Indianapolis 3 Bedroom Apartments | $2,167 | $799 | $6,477 |
| Downtown Indianapolis 4 Bedroom Apartments | $1,442 | $600 | $5,672 |
Explore Indianapolis
Frequently Asked Questions about Cheap Downtown Indianapolis Apartments
What is the Cheapest Studio apartment in Downtown Indianapolis?
Currently the most affordable Cheap Studio Apartment in Downtown Indianapolis is at 1733 N. Meridian listed at $780.
How much is rent for a Cheap One Bedroom Downtown Indianapolis Apartment?
The lowest price for a Cheap One Bedroom Downtown Indianapolis Apartment is $780 at 1733 N. Meridian.
What is the lowest price for a Cheap Two Bedroom Downtown Indianapolis Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Downtown Indianapolis is starting from $780 at 1733 N. Meridian.
What is the most affordable Downtown Indianapolis Three Bedroom Apartment?
The best deal on a cheap Downtown Indianapolis Three Bedroom Apartment rental is at 1733 N. Meridian and starts from $780.
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
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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

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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.