
Cheap Apartments for Rent in the Downtown Indianapolis Neighborhood of Indianapolis, IN from $500 (187 Rentals) Page 3 of 4
Search the lowest-cost Apartments available for rent right now in the Downtown Indianapolis area of Indianapolis.


340 Prospect St

1111 Medford Ave

Traymore Apartments

The Rotherwood Apartments

550 Fletcher Ave

Capitol Manor

607 N Tibbs Ave

Central State Mansion

The Victoria Apartments
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!

471 N State Ave

2511 Turner Ave

The Whitaker

Indy Christian Place Apartments LLC

Canal Gardens

Madison Apartments

765 N Belleview Pl

2248 N Harding St

906 Laurel St

Utomin Apartments

Monon Lofts

Chelsea Manor

Mayleeno

Senate Manor

Trail Side

The Seminole

Gathyr Apartments

Campus Townhomes

919 Broadway St

1839 Talbott St

Stonegate Apartments

Indy Downtown Colonial Apartments

Broadway Heights

Raleigh

PENN ARTS

411 N Centennial St

Van Dyke

86 N Holmes Ave

The Maryden

2007 Westview Dr

Proctor Place

St. James

230 E 9th St

Spink

Grid

The McKay

Morton School Senior Apartments

1010 Bates St

264 N Holmes Ave

Apollo & Aurora 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 | $1,324 | $556 | $5,509 |
| Downtown Indianapolis 1 Bedroom Apartments | $1,615 | $544 | $4,307 |
| Downtown Indianapolis 2 Bedroom Apartments | $2,071 | $650 | $6,430 |
| Downtown Indianapolis 3 Bedroom Apartments | $2,204 | $799 | $7,091 |
| Downtown Indianapolis 4 Bedroom Apartments | $1,643 | $600 | $7,022 |
Browse Apartments in this Neighborhood
There are currently 187 rentals with your search options within a 2 mile radius of the Downtown Indianapolis Neighborhood of Indianapolis, IN.
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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 Maple Creek Village listed at $700.
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 $846 at The Davlan.
What is the most affordable Downtown Indianapolis Three Bedroom Apartment?
The best deal on a cheap Downtown Indianapolis Three Bedroom Apartment rental is at Proctor Place and starts from $1,131.
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

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.