
Apartments for Rent in the Downtown Indianapolis Neighborhood of Indianapolis, IN Under $1,200 (126 Rentals) Page 2 of 3


1918 W Washington St, Unit 1 Bedroom

1043 N Holmes Ave

1150 N White River Pkwy Dr W

3531 Garden Ave

264 N Holmes Ave

145 E 14th St

1702 Winfield Ave

3531 Garden Ave

264 N Holmes Ave
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!

1411 N Pershing Ave

330 N Arsenal Ave

1635 Central Ave

2209 N Arsenal Ave

1704 N College Ave

451 N Warman Ave

1228 W 18th St

230 E 9th St

86 N Holmes Ave

1911 Wilcox St

1122 S Meridian St

2124 Broadway St

590 Woodruff Pl W Dr

2248 N Harding St

1026 Laurel St

410 E 16th St

518 S State Ave

1165 N Concord St

3014 W 10th St

336 Prospect St

1755 W Morris St

Mayleeno

The 101

The Retreat On Washington

Blacherne Apartments

The Steeples on Washington

Ohio Street TownHomes

Illinois Street Senior Apartments

The Richelieu

Lockerbie Flats

Morton School Senior Apartments

The McKay

Grid

Spink

College Manor

The Maryden

Van Dyke

PENN ARTS

Raleigh

Proctor Place
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 | $1,249 | $200 | $3,495 |
| Downtown Indianapolis 1 Bedroom Apartments | $1,545 | $544 | $4,071 |
| Downtown Indianapolis 2 Bedroom Apartments | $2,010 | $650 | $6,669 |
| Downtown Indianapolis 3 Bedroom Apartments | $2,581 | $799 | $6,538 |
| Downtown Indianapolis 4 Bedroom Apartments | $1,286 | $600 | $5,747 |
Browse Apartments in this Neighborhood
There are currently 126 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 161 Studio Apartments in Downtown Indianapolis with rent ranges from $200 to $3,495 with an average price of $1,249.
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 $4,071 with an average monthly rent of $1,545.
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 $6,669. Today's average rental price for Two Bedrooms here is $2,010.
How expensive are Downtown Indianapolis Three Bedroom Apartments?
There are currently 53 Three Bedroom Apartments listings available in Downtown Indianapolis on ApartmentHomeLiving.com. The pricing ranges from $799 to $6,538 - averaging $2,581 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

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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.