
Apartments for Rent in the Downtown Indianapolis Neighborhood of Indianapolis, IN Under $1,500 (199 Rentals) Page 2 of 4


Plaza at Central Greens

INDY FLATS

16 Park Apartments

1010 Central

The Sheldrake Apartments

Drake Street Garden Homes

The Washington

Colmar Apartments

Traymore Apartments
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!

Pavilion Place

Garden Arch Apartments

Apollo & Aurora Apartments

Line Lofts

Indy Christian Place Apartments LLC

Temple Lofts

The Delaware Apartments

1733 N. Meridian

Trail Side

Indy Downtown Colonial Apartments

The Davlan

St. Agnes Apartments

632MLK

Dunbar Court

Total Monthly Price
539 Fletcher Ave

2045 Central Ave, Unit CH, Unit CH

2029 N College Ave, Unit G

3014 W 10th St, Unit 2

2060 N Delaware St, Unit Apt 3

638 Woodruff Pl W Dr, Unit Apt 3

2060 N Delaware St, Unit 12

1918 W Washington St, Unit 1 Bedroom

2159-2159 Bellefontaine St, Unit 2157

1529 E Ohio St

145 E 14th St

1541 E Ohio St

955 N Traub Ave

1415 W Pruitt St

1717 Ingram St

2018 Rembrandt St

1635 Central Ave

2209 N Arsenal Ave

1704 N College Ave

802 N Meridian St

1801 N Broadway St

1646 Ingram St

1367 W Pruitt St

2203 Sheldon St

2249 Silver Maple Ct

2841 W Ray St
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 | $1,234 | $200 | $3,495 |
| Downtown Indianapolis 1 Bedroom Apartments | $1,551 | $544 | $4,071 |
| Downtown Indianapolis 2 Bedroom Apartments | $2,037 | $650 | $5,130 |
| Downtown Indianapolis 3 Bedroom Apartments | $2,638 | $799 | $7,290 |
| Downtown Indianapolis 4 Bedroom Apartments | $1,289 | $600 | $5,787 |
Browse Apartments in this Neighborhood
There are currently 199 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 $200 to $3,495 with an average price of $1,234.
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 $1,551.
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 $5,130. Today's average rental price for Two Bedrooms here is $2,037.
How expensive are Downtown Indianapolis Three Bedroom Apartments?
There are currently 52 Three Bedroom Apartments listings available in Downtown Indianapolis on ApartmentHomeLiving.com. The pricing ranges from $799 to $7,290 - averaging $2,638 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

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.

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.