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The Sheldrake Apartments
2258 N Meridian StIndianapolis, IN 46208
Cheap Studio Apartments for Rent in the Downtown Indianapolis Neighborhood of Indianapolis, IN from $585 (51 Rentals)
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Indy Flats
1304 N Delaware StIndianapolis, IN 46202
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from $640Studio Apartments Contact Us For Availability
Dunbar Court
1022 Dr Martin Luther King StIndianapolis, IN 46202
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from $775Studio Apartments Available Jun 24
The Washington
1401 N Pennsylvania StIndianapolis, IN 46202
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from $800Studio Apartments Contact Us For Availability
Maple Creek Village
3800 W Michigan StIndianapolis, IN 46222
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from $875Studio Apartments Available Now
Priscilla on Pennsylvania
1309 N Pennsylvania StIndianapolis, IN 46202
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from $910Studio Apartments Available Now
Circle City Apartments
1321 N Meridian StIndianapolis, IN 46202
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Maryden on Central
1308 Central AveIndianapolis, IN 46202
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from $999Studio Apartments Available Now
River West Flats
1150 N White River Pkwy West DrIndianapolis, IN 46222
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from $1,045Studio Apartments Available Now
Edge 35
1224 Prospect StIndianapolis, IN 46203
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
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from $1,090Studio Apartments Available Jun 14
Forte Apartments
1140 Shelby StIndianapolis, IN 46203
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from $1,092Studio Apartments Available May 20
Maxwell Apartments
530 E Ohio Street, Suite CIndianapolis, IN 46204
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from $1,099Studio Apartments Available Now
Lofts on Madison
501 Madison AveIndianapolis, IN 46225
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from $1,100Studio Apartments Available Jun 15
Vanguard at 16 Tech
1410 Breedlove LnIndianapolis, IN 46202
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from $1,175Studio Apartments Available May 28
Riverview
460 N White River Pkwy West DrIndianapolis, IN 46222
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from $1,196Studio Apartments Available Jun 7
Artistry Indy
451-475 E Market StIndianapolis, IN 46204
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from $1,199Studio Apartments Available Now
Gathyr Apartments
1117 E Market StIndianapolis, IN 46202
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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.
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Canal Square
359 N West StIndianapolis, IN 46202
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from $1,235Studio Apartments Contact Us For Availability
Union Square
1233 Shelby StIndianapolis, IN 46203
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from $1,289Studio Apartments Available May 21
Wesley Place
75 W 18th StIndianapolis, IN 46202
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from $1,292Studio Apartments Available Now
Pinnex
931 Fletcher AveIndianapolis, IN 46203
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from $1,341Studio Apartments Available Now
Industry Indianapolis
421 N Pennsylvania StIndianapolis, IN 46204
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from $1,395Studio Apartments Available Now
Cosmopolitan on the Canal
310 W Michigan StIndianapolis, IN 46202
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!
335 W 9th St
IndianapolisIN46202
335 W 9th St
IndianapolisIN46202
335 W 9th St
IndianapolisIN46202
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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 | $1,304 | $585 | $3,684 |
| Downtown Indianapolis 1 Bedroom Apartments | $1,569 | $335 | $4,310 |
| Downtown Indianapolis 2 Bedroom Apartments | $2,145 | $700 | $9,703 |
| Downtown Indianapolis 3 Bedroom Apartments | $2,492 | $1,200 | $8,833 |
| Downtown Indianapolis 4 Bedroom Apartments | $1,445 | $700 | $2,800 |
Explore Indianapolis
Downtown Indianapolis, Indianapolis, IN Local Guide
- Nearby Indianapolis neighborhoods
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Quick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
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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 $999.
What is the price of a cheap apartment in Downtown Indianapolis?
The cheapest apartment in Downtown Indianapolis is Priscilla on Pennsylvania which is listed at $875, while the average apartment in Downtown Indianapolis costs $2,069.
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 70 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 $385 which is $1,684 cheaper than the average rent for all rentals in Downtown Indianapolis.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.
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.
The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.
Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.
Rise of Digital Nomads: Remote Work Tips for Apartment Renters
Written by: Brandie Parton
As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.