
Apartments for Rent with Specials in the Downtown Indianapolis Neighborhood of Indianapolis, IN (38 Rentals)
Apartments in the Downtown Indianapolis area of Indianapolis with special offers and discounts available right now - opportunities to save money or get a month or more of free rent.


Gathyr

Rise on Meridian

Cole Motor

The Grounds

Wesmont

Assembly

Ardmore Apartments

The E'Laan
Indy's Innovation Hub: Top Indianapolis Employers and the Neighborhoods that Welcome You Home
Find your dream job and perfect neighborhood in Indy. Discover major companies and the best places to live for young professionals and families, from historic districts to quiet, upscale communities.

Pinnex

Hinge Apartments

CityWay

Slate Apartments

Total Monthly Price
9 On Canal

Mozzo apartments

Canal Square

Riverview

Stella
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From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

Wesley Place

Artistry Indy

River West Flats

Residences at Lawnview

Penn Street Tower Apartments

The Marleigh

Total Monthly Price
Ralston Apartments

Maple Creek Village

Edge 35
Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods
Discover the heart of the Midwest! Learn about popular Indianapolis neighborhoods to rent like Speedway and Eagledale, plus top universities and can't-miss places to eat.

522 Fletcher Ave

Forte Apartments

Circle City

Lockefield Gardens

Maxwell Apartments

The Continental Towers at Vermont Place

800 Capitol

1010 Central

Colmar 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!

Line Lofts

1629 Lexington Ave
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 38 rentals with your search options within a 2 mile radius of the Downtown Indianapolis Neighborhood of Indianapolis, IN.
See all Apartments in IndianapolisExplore Indianapolis
Newly Listed Move-In Specials offers for Apartments in Downtown Indianapolis, IN
Specials updated: 08-31-2026Here are the most recently added special offers for renters looking to find the best deals on apartments in Downtown Indianapolis, IN. Be sure to take advantage of some of the area’s top offers.
Cole Motor
1 Month Free Rent + Free Parking until 2027! *Restrictions apply. Contact us for full details.
Colmar Apartments
$100 admin fee at move in is waived, and $50 application fee is refunded at move in!
Lockefield Gardens
Don’t miss your chance to call Lockefield home. By joining our priority waitlist today, you skip the stress of last-minute apartment hunting and gain exclusive access to our VIP list for highly sought-after floor plans before they hit the general public. Secure your future peace of mind, lock in your spot in our unique vibrant community, and be the very first in line to move in the moment your perfect apartment opens up.
Line Lofts
Earn HALF off first full months rent when you sign a lease by 8/31/26!
Canal Square
$500 off 1st Month's Rent ; Get $500 off your 1st months rent when you move-in by 9/30 on a 12 month lease on select Units! Waived Short Term Lease Fees! ; Move-in by 9/30 and get waived short term lease fees for 6-8 month lease terms
9 On Canal
Unlock incredible savings with our NEWLY REDUCED PRICING! -- Tour and apply within 24 hours to receive an exclusive $250 MOVE-IN BONUS! -- Don't miss out on this limited-time offer—your dream space awaits!
Ralston Apartments
Sign a 10-12 month lease & move in by 9/30 to receive 1 month FREE rent. Plus, use code RALSTON to waive $100 in signing fees. Terms and conditions apply.
Artistry Indy
Lease today and receive a gift card valued at one month’s base rent on your selected floor plan. -- *Must sign a 13+ month lease AND Move in by August 31*
The Block
For a limited time, get 2 MONTHS FREE OR DISCOUNTED RENT when you move in by 9/11/26.
Stella
Apply by 8/31 to receive 2 Months Free! Contact our leasing office for more details.
Frequently Asked Questions about Rent Specials Downtown Indianapolis Apartments
What is the Cheapest Rent Specials apartment in Downtown Indianapolis?
Currently the most affordable Rent Specials Apartment in Downtown Indianapolis is at Rise on Meridian listed at $556.
How much is the average rent for a Rent Specials Downtown Indianapolis Apartment?
The average rent for a Rent Specials Apartment in Downtown Indianapolis is $1,758.
What is the largest Rent Specials Downtown Indianapolis Apartment for rent?
Today's Rent Specials apartment with the most square footage in Downtown Indianapolis is a 2,065 square feet unit starting from $1,299 at The Grounds.
What is the average size for Downtown Indianapolis Rent Specials Apartments for rent?
The average size for a Rent Specials rental in Downtown Indianapolis is currently at 564 sq ft.
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

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.

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.