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$595 - $700
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$595 - $930
Total Monthly Price
$595 - $930
The Sheldrake Apartments
2258 N Meridian StIndianapolis, IN 46208
Cheap Studio Apartments for Rent in the Downtown Indianapolis Neighborhood of Indianapolis, IN from $595 (58 Rentals)
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$655 - $810Studio Apartments Available Now
INDY FLATS
1304 N Delaware StIndianapolis, IN 46202
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$665
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Studio Apartments Contact Us For AvailabilityTotal Monthly Price
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$665 - $925
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$665 - $925
Dunbar Court
1022 Dr Martin Luther King StIndianapolis, IN 46202
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$700 - $725Studio Apartments Available Now
Maple Creek Village
3800 W Michigan StIndianapolis, IN 46222
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$765 - $789Studio Apartments Available Now
St. Agnes Apartments
1350 N Meridian StIndianapolis, IN 46202
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$799 - $899Studio Apartments Available Now
Priscilla on Pennsylvania
1309 N Pennsylvania StIndianapolis, IN 46202
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$895 - $1,650Studio Apartments Available Now
9 On Canal
335 W 9th StIndianapolis, IN 46202
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$930Studio Apartments Available Now
Senate Manor
545-551 N Senate AveIndianapolis, IN 46204
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$970 - $1,105Studio Apartments Available Now
Circle City
1321 N Meridian StIndianapolis, IN 46202
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Rent Specials
$999 - $1,329Studio Apartments Available Mar 8
Gathyr Apartments
1117 E Market StIndianapolis, IN 46202
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.
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$999Studio Apartments Available Now
River West Flats
1150 N White River Pkwy West DrIndianapolis, IN 46222
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$1,002 - $2,979Studio Apartments Available Now
Artistry Indy
451-475 E Market StIndianapolis, IN 46204
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$1,049 - $1,099
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Studio Apartments Available NowTotal Monthly Price
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$929 - $2,019
Required Monthly Fees
$120
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$1,049 - $2,139
Wesley Place
75 W 18th StIndianapolis, IN 46202
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$1,050
Total Monthly Price
Studio Apartments Available NowTotal Monthly Price
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$955 - $2,455
Required Monthly Fees
$95
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$1,050 - $2,550
632MLK
632 Dr Martin Luther King Jr StIndianapolis, IN 46202
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$1,056 - $1,314Studio Apartments Available Now
Riley Towers
650 N Alabama StIndianapolis, IN 46204
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$1,090 - $1,285Studio Apartments Available Now
Circa Apartments
617 N CollegeIndianapolis, IN 46204
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$1,095
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Studio Apartments Available NowTotal Monthly Price
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$1,095
Total Monthly Price
$1,095
Lockerbie Flats
619 Vermont PlIndianapolis, IN 46202
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$1,099 - $1,249Studio Apartments Available Now
Lofts on Madison
501 Madison AveIndianapolis, IN 46225
2024 Columbia Ave
IndianapolisIN46202
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$1,107 - $2,219Studio Apartments Available Now
Edge 35
1224 Prospect StIndianapolis, IN 46203
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.
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$1,175 - $1,252Studio Apartments Available Now
Riverview
460 N White River Pkwy West DrIndianapolis, IN 46222
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$1,175 - $1,200
Total Monthly Price
Studio Apartments Available NowTotal Monthly Price
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$1,140 - $1,315
Required Monthly Fees
$35
Total Monthly Price
$1,175 - $1,350
The Delaware Apartments
2205 N Delaware StIndianapolis, IN 46205
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$1,199Studio Apartments Available Now
Canal Square
359 N West StIndianapolis, IN 46202
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$1,200 - $1,391Studio Apartments Available Now
Vanguard at 16 Tech
1410 Breedlove LnIndianapolis, IN 46202
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$1,209 - $1,299Studio Apartments Available Now
Wesmont
1515 Lewis StIndianapolis, IN 46202
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$1,224 - $2,158Studio Apartments Contact Us For Availability
Pinnex
931 Fletcher AveIndianapolis, IN 46203
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$1,235 - $1,964Studio Apartments Available Now
Union Square
1233 Shelby StIndianapolis, IN 46203
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$1,241 - $1,602Studio Apartments Available Now
Lockerbie Lofts
640 E Michigan StIndianapolis, IN 46202
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$1,261 - $1,549Studio Apartments Available Now
Rise on Meridian
915 S Meridian StIndianapolis, IN 46225
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$1,275 - $1,310Studio Apartments Available Now
The Leo
748 Bates StIndianapolis, IN 46202
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.
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$1,299 - $1,399Studio Apartments Available Now
The Stella
1827 N Meridian StIndianapolis, IN 46202
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$1,299 - $1,467Studio Apartments Available Now
The Grounds
2136 Central AveIndianapolis, IN 46202
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$1,340Studio Apartments Available Now
Forte Apartments
1140 Shelby StIndianapolis, IN 46203
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$1,340 - $1,390Studio Apartments Available Now
Slate Apartments
501 Virginia AveIndianapolis, IN 46203
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$1,341 - $1,491
Total Monthly Price
Studio Apartments Available NowTotal Monthly Price
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$1,226 - $3,720
Required Monthly Fees
$115
Total Monthly Price
$1,341 - $3,835
Industry Indianapolis
421 N Pennsylvania StIndianapolis, IN 46204
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$1,370Studio Apartments Contact Us For Availability
360 Market Square
360 E Market StIndianapolis, IN 46204
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Studio Apartments
INDY INDIE ARTIST COLONY
26 E 14th StIndianapolis, IN 46202
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Studio Apartments
Windsor
1235 N Delaware StIndianapolis, IN 46202
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Studio Apartments
The Jordan
1445 N Delaware StIndianapolis, IN 46202
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PICCADILLY
28 E 16th 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.
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Studio Apartments
The Harrison
1320 N Delaware StIndianapolis, IN 46202
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Studio Apartments
The Marleigh
1434-1448 N Delaware StIndianapolis, IN 46202
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Studio Apartments
The Rotherwood Apartments
1503 N Pennsylvania StIndianapolis, IN 46202
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Studio Apartments
Senate Manor Apartments
548 N Senate AveIndianapolis, IN 46204
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Studio Apartments
Victoria Apartments
1244 N Illinois StIndianapolis, IN 46202
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Studio Apartments
Stonegate Apartments
1220-1226 N Illinois StIndianapolis, IN 46202
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Studio Apartments
Raleigh
108 E 13th StIndianapolis, IN 46202
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Studio Apartments
Van Dyke
1229 N Pennsylvania StIndianapolis, IN 46202
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Studio Apartments
Maryden on Central
1308 Central AveIndianapolis, IN 46202
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Spink
1433 N Pennsylvania 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.
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 | $1,243 | $595 | $4,503 |
| Downtown Indianapolis 1 Bedroom Apartments | $1,526 | $497 | $4,715 |
| Downtown Indianapolis 2 Bedroom Apartments | $2,088 | $563 | $6,194 |
| Downtown Indianapolis 3 Bedroom Apartments | $2,774 | $999 | $7,390 |
| Downtown Indianapolis 4 Bedroom Apartments | $1,208 | $600 | $5,655 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
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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 $900.
What is the price of a cheap apartment in Downtown Indianapolis?
The cheapest apartment in Downtown Indianapolis is INDY FLATS which is listed at $655, while the average apartment in Downtown Indianapolis costs $13,929.
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 177 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 $361 which is $13,568 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.
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.