Cheap Apartments for Rent in the Downtown Indianapolis Neighborhood of Indianapolis, IN from $400 (176 Rentals) Page 4 of 4

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Search the lowest-cost Apartments available for rent right now in the Downtown Indianapolis area of Indianapolis.

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The Vue
Studio to 2 Bedroom Apartments

The Vue

718 E Georgia StIndianapolis, IN 46202
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The Pennsylvania
1 to 2 Bedroom Apartments

The Pennsylvania

919 N Pennsylvania StIndianapolis, IN 46204
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City's End
Studio to 2 Bedroom Apartments

City's End

1441 Prospect StIndianapolis, IN 46203
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Wyndham on Delaware
1 to 2 Bedroom Apartments

Wyndham on Delaware

1040 N Delaware StIndianapolis, IN 46202
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450 N Massachusetts Ave
1 Bedroom Apartments

450 N Massachusetts Ave

450 N Massachusetts AveIndianapolis, IN 46204
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Fletcher Place Terrace
Studio to 2 Bedroom Apartments

Fletcher Place Terrace

427 S College AveIndianapolis, IN 46203
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Turnverein Apartments
Studio to 2 Bedroom Apartments

Turnverein Apartments

902 N Meridian StIndianapolis, IN 46204
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Fletcher Place Lofts
1 to 2 Bedroom Apartments

Fletcher Place Lofts

410 S College AveIndianapolis, IN 46203
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Pointe on Mass
1 to 2 Bedroom Apartments

Pointe on Mass

551 Massachusetts AveIndianapolis, IN 46204
Student Housing

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 $891.

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

The cheapest apartment in Downtown Indianapolis is 1733 N. Meridian which is listed at $780, while the average apartment in Downtown Indianapolis costs $14,049.

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 116 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 $274 which is $13,775 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

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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.

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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.

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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.

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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

decorative image for Neighborhood and Market Insights: How to Choose the Right Area to Rent   article

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.

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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.

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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.

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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.