Cheap 2 Bedroom Apartments for Rent in the Downtown Indianapolis Neighborhood of Indianapolis, IN from $563 (50 Rentals)

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property at 1937 King Ave

1937 King Ave

IndianapolisIN46222
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16 Park Apartments
2 Bedroom Apartments

16 Park Apartments

1621 N Park AveIndianapolis, IN 46202
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Canal Gardens
2 Bedroom Apartments

Canal Gardens

1249 Dr Martin Luther King Jr StIndianapolis, IN 46202
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Campus Townhomes
2 Bedroom Apartments

Campus Townhomes

531 Ransom StIndianapolis, IN 46202
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Utomin Apartments
2 Bedroom Apartments

Utomin Apartments

1112 N College AveIndianapolis, IN 46202
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Broadway Heights
2 Bedroom Apartments

Broadway Heights

1927 Broadway StIndianapolis, IN 46202
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PICCADILLY
2 Bedroom Apartments

PICCADILLY

28 E 16th StIndianapolis, IN 46202
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Madison Apartments
2 Bedroom Apartments

Madison Apartments

226 E 12th StIndianapolis, IN 46202
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Stonegate Apartments
2 Bedroom Apartments

Stonegate Apartments

1220-1226 N Illinois StIndianapolis, IN 46202
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Proctor Place
2 Bedroom Apartments

Proctor Place

240 N Warman AveIndianapolis, IN 46222
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550 Fletcher Ave
2 Bedroom Apartments

550 Fletcher Ave

550 Fletcher AveIndianapolis, IN 46203
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Chelsea Manor
2 Bedroom Apartments

Chelsea Manor

1451 Central AveIndianapolis, IN 46202
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PENN ARTS
2 Bedroom Apartments

PENN ARTS

111 E 16th StIndianapolis, IN 46202
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The Pennsylvania
2 Bedroom Apartments

The Pennsylvania

919 N Pennsylvania StIndianapolis, IN 46204
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800 Capitol
2 Bedroom Apartments

800 Capitol

800 N Capitol AveIndianapolis, IN 46204
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The Retreat On Washington
2 Bedroom Apartments

The Retreat On Washington

2950 Kirkbride WayIndianapolis, IN 46222
Senior Living
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Monon Lofts
2 Bedroom Apartments

Monon Lofts

1122 E 16th StIndianapolis, IN 46202
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Ohio Street TownHomes
2 Bedroom Apartments

Ohio Street TownHomes

1052 E Ohio StIndianapolis, IN 46202
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Blacherne Apartments
2 Bedroom Apartments

Blacherne Apartments

402 N Meridian StIndianapolis, IN 46204
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St. Joseph Flats
2 Bedroom Apartments

St. Joseph Flats

126 E St. Joseph StIndianapolis, IN 46202
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707 North
2 Bedroom Apartments

707 North

707 E North StIndianapolis, IN 46202
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The 101
2 Bedroom Apartments

The 101

1001 N Delaware StIndianapolis, IN 46202
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Downtown Indianapolis, Indianapolis, IN Local Guide

Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Pet Friendly Lifestyle
Downtown Indianapolis, Indianapolis, IN

Ranked #1

Among cities in Indiana for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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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 $925.

What is the price of a cheap apartment in Downtown Indianapolis?

The cheapest apartment in Downtown Indianapolis is Line Lofts which is listed at $563, while the average apartment in Downtown Indianapolis costs $8,760.

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 122 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 $271 which is $8,489 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.

decorative image for A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Indianapolis article

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.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

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.