
Apartments for Rent in the Downtown Indianapolis Neighborhood of Indianapolis, IN Under $1,200 (123 Rentals)


The Assembly

Total Monthly Price
9 On Canal

Circa Apartments

Canal Square

Stadium Lofts & Flats

Riverview

Vanguard at 16 Tech

River West Flats

Artistry Indy
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

Total Monthly Price
Ralston Apartments

The Avenue

Riley Towers

El Dorado

Maple Creek Village

Edge 35

522 Fletcher Ave

Priscilla on Pennsylvania

The Assumption on Blaine

Lofts on Madison
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.

Circle City

Devonshire Apartments

333 Penn Apartments

Maxwell Apartments

Plaza at Central Greens

INDY FLATS

Lockefield Gardens

1010 Central

The Sheldrake Apartments

16 Park Apartments
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.

Utomin Apartments

Apollo & Aurora Apartments

Drake Street Garden Homes

Garden Arch Apartments

Line Lofts

The Washington

College Manor

The Delaware Apartments

St. Agnes

The Davlan
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.

1733 N. Meridian

Dunbar Court

1661 N Talbott St, Unit 1

2060 N Delaware St, Unit 3

3014 W 10th St, Unit 1

1043 N Holmes Ave

264 N Holmes Ave

436 Sanders St

1206 S Talbott St

3630 W Michigan St
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 | $1,351 | $595 | $8,999 |
| Downtown Indianapolis 1 Bedroom Apartments | $1,580 | $518 | $4,124 |
| Downtown Indianapolis 2 Bedroom Apartments | $2,041 | $650 | $7,506 |
| Downtown Indianapolis 3 Bedroom Apartments | $2,277 | $799 | $6,595 |
| Downtown Indianapolis 4 Bedroom Apartments | $1,178 | $600 | $3,824 |
Browse Apartments in this Neighborhood
There are currently 123 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 Downtown Indianapolis
How much are Studio apartments in Downtown Indianapolis?
There are currently 163 Studio Apartments in Downtown Indianapolis with rent ranges from $595 to $8,999 with an average price of $1,351.
What is the current price range for One Bedroom Downtown Indianapolis Apartments for rent?
Today's rental pricing for One Bedroom Apartments in Downtown Indianapolis ranges from $518 to $4,124 with an average monthly rent of $1,580.
What does renting a Two Bedroom Apartment in Downtown Indianapolis cost?
The monthly rent prices of Two Bedroom Apartments currently available in Downtown Indianapolis range from $650 to $7,506. Today's average rental price for Two Bedrooms here is $2,041.
How expensive are Downtown Indianapolis Three Bedroom Apartments?
There are currently 59 Three Bedroom Apartments listings available in Downtown Indianapolis on ApartmentHomeLiving.com. The pricing ranges from $799 to $6,595 - averaging $2,277 for the location.
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

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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.