
Cheap 1 Bedroom Apartments for Rent in the Downtown Indianapolis Neighborhood of Indianapolis, IN from $750 (122 Rentals) Page 2 of 3


The E'Laan

1801 N Broadway St

The Grounds

333 Penn Apartments

Canal Square

Riverview

Cosmopolitan on the Canal

Nine+Eighteen
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

Circa Apartments

Lockerbie Lofts

The Assembly

Riley Towers

946 MLK

Garden Arch Apartments

Temple Lofts

Industry Indianapolis
Downtown Indianapolis - One of the Best Affordable Neighborhoods in Indianapolis
Named as one of the Best Affordable Neighborhoods to rent in Indianapolis by our Local Expert Wendy Melton. See how it ranks!

Gathyr Apartments

Edge 35

Maxwell Apartments

Forte Apartments

The Stella

Canal Overlook Apartments
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 | $1,243 | $595 | $3,109 |
Downtown Indianapolis 1 Bedroom Apartments | $1,481 | $750 | $4,071 |
| Downtown Indianapolis 2 Bedroom Apartments | $1,998 | $563 | $5,706 |
| Downtown Indianapolis 3 Bedroom Apartments | $2,614 | $1,057 | $8,207 |
| Downtown Indianapolis 4 Bedroom Apartments | $1,427 | $600 | $4,764 |
Explore Indianapolis
Frequently Asked Questions about Cheap Downtown Indianapolis Apartments
What is a cheap apartment in Downtown Indianapolis?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown Indianapolis is under $938.
What is the price of a cheap apartment in Downtown Indianapolis?
The cheapest apartment in Downtown Indianapolis is Proctor Place which is listed at $830, while the average apartment in Downtown Indianapolis costs $8,297.
What types of apartments are the cheapest in Downtown Indianapolis?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 142 regular apartments in Downtown Indianapolis that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Downtown Indianapolis?
Cheap apartments in Downtown Indianapolis have an average cost of $291 which is $8,006 cheaper than the average rent for all rentals in Downtown Indianapolis.
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.

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
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Everything is a negotiation in real estate!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.


























