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1 Bedroom Apartments
1515-1517 E Michigan Street
1515 E Michigan StIndianapolis, IN 46201
Cheap Apartments for Rent in the Downtown Indianapolis Neighborhood of Indianapolis, IN from $504 (175 Rentals) Page 3 of 4
Search the lowest-cost Apartments available for rent right now in the Downtown Indianapolis area of Indianapolis.
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Studio to 2 Bedroom Apartments
Traymore Apartments
1402 N Alabama StIndianapolis, IN 46202
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Studio to 2 Bedroom Apartments
St. Regis
26 E 14th StIndianapolis, IN 46202
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Studio to 2 Bedroom Apartments
The Rotherwood Apartments
1503 N Pennsylvania StIndianapolis, IN 46202
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1 to 3 Bedroom Apartments
550 Fletcher Ave
550 Fletcher AveIndianapolis, IN 46203
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1 Bedroom Apartments
Capitol Manor
842 N Capitol AveIndianapolis, IN 46204
607 N Tibbs Ave
IndianapolisIN46222
2226 1/2 Fulton St
IndianapolisIN46202
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Studio Apartments
The Victoria Apartments
1244 N Illinois StIndianapolis, IN 46202
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1 to 2 Bedroom Apartments
The Whitaker
1504 N Pennsylvania StIndianapolis, IN 46202
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
2511 Turner Ave
IndianapolisIN46222
906 Laurel St
IndianapolisIN46203
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1 Bedroom Apartments
Indy Christian Place Apartments LLC
824 N Alabama StIndianapolis, IN 46204
2248 N Harding St
IndianapolisIN46208
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1 to 2 Bedroom Apartments
Canal Gardens
1249 Dr Martin Luther King Jr StIndianapolis, IN 46202
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1 to 2 Bedroom Apartments
Madison Apartments
226 E 12th StIndianapolis, IN 46202
765 N Belleview Pl
IndianapolisIN46222
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Studio to 2 Bedroom Apartments
Utomin Apartments
1112 N College AveIndianapolis, IN 46202
33 1/2 Miley Ave
IndianapolisIN46222
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1 to 2 Bedroom Apartments
Monon Lofts
1122 E 16th StIndianapolis, IN 46202
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
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1 to 2 Bedroom Apartments
Chelsea Manor
1451 Central AveIndianapolis, IN 46202
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1 Bedroom Apartments
Mayleeno
416 E Vermont PlIndianapolis, IN 46202
1719 N Livingston Ave
IndianapolisIN46222
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Studio to 1 Bedroom Apartments
Senate Manor
545-551 N Senate AveIndianapolis, IN 46204
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1 Bedroom Apartments
Trail Side
865-893 Massachusetts AveIndianapolis, IN 46204
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1 Bedroom Apartments
The Seminole
920 N Alabama StIndianapolis, IN 46202
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2 Bedroom Apartments
Campus Townhomes
531 Ransom StIndianapolis, IN 46202
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Studio to 3 Bedroom Apartments
Stonegate Apartments
1220-1226 N Illinois StIndianapolis, IN 46202
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1 Bedroom Apartments
919 Broadway St
919 Broadway StIndianapolis, IN 46202
1717 N Talbott St
IndianapolisIN46202
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1 to 2 Bedroom Apartments
Indy Downtown Colonial Apartments
402-406 N Delaware StIndianapolis, IN 46204
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2 Bedroom Apartments
Broadway Heights
1927 Broadway StIndianapolis, IN 46202
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Studio to 2 Bedroom Apartments
Raleigh
108 E 13th StIndianapolis, IN 46202
2007 Westview Dr
IndianapolisIN46221
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1 to 2 Bedroom Apartments
PENN ARTS
111 E 16th StIndianapolis, IN 46202
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Studio to 2 Bedroom Apartments
Van Dyke
1229 N Pennsylvania StIndianapolis, IN 46202
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Studio to 2 Bedroom Apartments
The Maryden
1308 Central AveIndianapolis, IN 46202
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1 to 3 Bedroom Apartments
Proctor Place
240 N Warman AveIndianapolis, IN 46222
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Studio to 2 Bedroom Apartments
St. James
2102 N Meridian StIndianapolis, IN 46202
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Studio to 2 Bedroom Apartments
The Vue
718 E Georgia StIndianapolis, IN 46202
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Studio to 1 Bedroom Apartments
Spink
1433 N Pennsylvania StIndianapolis, IN 46202
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Studio to 2 Bedroom Apartments
Grid
520 E Washington StIndianapolis, IN 46204
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Studio to 1 Bedroom Apartments
The McKay
611 N Pennsylvania StIndianapolis, IN 46204
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Studio to 2 Bedroom Apartments
Morton School Senior Apartments
2101 N College AveIndianapolis, IN 46202
1230 W 18th St
IndianapolisIN46202
2230 N Goodlet Ave
IndianapolisIN46222
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1 to 2 Bedroom Apartments
The Richelieu
610 N East StIndianapolis, IN 46202
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Studio to 2 Bedroom Apartments
Illinois Street Senior Apartments
1352 N Illinois StIndianapolis, IN 46202
2250 N Goodlet Ave
IndianapolisIN46222
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Studio to 2 Bedroom Apartments
City's End
1441 Prospect StIndianapolis, IN 46203
Showing Results 101-150, Page 3 of 4
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 | $1,359 | $556 | $3,761 |
| Downtown Indianapolis 1 Bedroom Apartments | $1,564 | $544 | $3,711 |
| Downtown Indianapolis 2 Bedroom Apartments | $2,037 | $650 | $10,000+ |
| Downtown Indianapolis 3 Bedroom Apartments | $2,409 | $799 | $8,628 |
| Downtown Indianapolis 4 Bedroom Apartments | $2,898 | $600 | $8,291 |
Browse Apartments in this Neighborhood
There are currently 175 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 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 $930.
What is the price of a cheap apartment in Downtown Indianapolis?
The cheapest apartment in Downtown Indianapolis is 1515-1517 E Michigan Street which is listed at $750, while the average apartment in Downtown Indianapolis costs $1,499.
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 87 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 $203 which is $1,296 cheaper than the average rent for all rentals in Downtown Indianapolis.
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
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.
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.
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.
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.
Articles, How-To's, and Tips
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.
First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.
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.