
Apartments for Rent in the Downtown Indianapolis Neighborhood of Indianapolis, IN Under $1,200 (124 Rentals) Page 2 of 3


915 Marion Ave

1702 Winfield Ave

330 N Arsenal Ave

332 N Arsenal Ave

2209 N Arsenal Ave

670 E 17th St

3531 Garden Ave

264 N Holmes Ave

1661 N Talbott St
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!

1920 Sugar Grove Ave

230 E 9th St

86 N Holmes Ave

2007 Westview Dr

411 N Centennial St

1839 Talbott St

906 Laurel St

2248 N Harding St

767 N Belleview Pl

765 N Belleview Pl

2701 W 17th St

471 N State Ave

Mayleeno

The 101

Apollo & Aurora Apartments

The Retreat On Washington

Blacherne Apartments

The Steeples on Washington

Ohio Street TownHomes

The Congress at Library Square

Illinois Street Senior Apartments

The Richelieu

Lockerbie Flats

800 Capitol

Morton School Senior Apartments

The McKay

Grid

Spink

The Maryden

Van Dyke

PENN ARTS

Raleigh

Broadway Heights

Indy Downtown Colonial Apartments

Stonegate Apartments

919 Broadway St

Campus Townhomes

Gathyr Apartments

Trail Side

The Seminole
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 | $1,331 | $595 | $5,278 |
| Downtown Indianapolis 1 Bedroom Apartments | $1,634 | $544 | $4,516 |
| Downtown Indianapolis 2 Bedroom Apartments | $2,085 | $650 | $6,430 |
| Downtown Indianapolis 3 Bedroom Apartments | $2,313 | $799 | $6,595 |
| Downtown Indianapolis 4 Bedroom Apartments | $1,563 | $600 | $5,906 |
Browse Apartments in this Neighborhood
There are currently 124 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 165 Studio Apartments in Downtown Indianapolis with rent ranges from $595 to $5,278 with an average price of $1,331.
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 $544 to $4,516 with an average monthly rent of $1,634.
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 $6,430. Today's average rental price for Two Bedrooms here is $2,085.
How expensive are Downtown Indianapolis Three Bedroom Apartments?
There are currently 57 Three Bedroom Apartments listings available in Downtown Indianapolis on ApartmentHomeLiving.com. The pricing ranges from $799 to $6,595 - averaging $2,313 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

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.

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.