
Cheap Apartments for Rent in the Downtown Indianapolis Neighborhood of Indianapolis, IN from $400 (184 Rentals) Page 4 of 4
Search the lowest-cost Apartments available for rent right now in the Downtown Indianapolis area of Indianapolis.


1828 Hoyt Ave

The 101

1228 W 18th St

1115 E North St

230 E 9th St

Apollo & Aurora Apartments

City's End

Roberts School Flats

The Pennsylvania

312 E 13th St

1415 W Pruitt St

1840 W Maryland St

Wyndham on Delaware

230 E 9th St

The Vue

450 N Massachusetts Ave

711 N Exeter Ave

1122 S Meridian St

55 S Harding St

771 Haugh St

913 Massachusetts Ave

1621 N Livingston Ave

525 N Belmont Ave

1502 Lexington Ave

229 N Richland St

Colmar Apartments

Turnverein Apartments

Indiana Flats and Townhomes

Fletcher Place Lofts

Pointe on Mass

1541 E Ohio St

651 Birch Ave

22 S Belleview Pl
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 | $1,252 | $595 | $3,412 |
| Downtown Indianapolis 1 Bedroom Apartments | $1,542 | $497 | $4,071 |
| Downtown Indianapolis 2 Bedroom Apartments | $2,052 | $650 | $5,429 |
| Downtown Indianapolis 3 Bedroom Apartments | $2,514 | $799 | $6,407 |
| Downtown Indianapolis 4 Bedroom Apartments | $1,257 | $600 | $5,564 |
Browse Apartments in this Neighborhood
There are currently 184 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 $890.
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 $13,786.
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 195 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 $330 which is $13,456 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

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

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.