
Apartments for Rent in the Downtown Indianapolis Neighborhood of Indianapolis, IN Under $1,500 (190 Rentals) Page 2 of 4


16 Park Apartments

Drake Street Garden Homes

Line Lofts

Colmar Apartments

Pavilion Place

Garden Arch Apartments

St. Joseph Flats

The Washington

College Manor
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.

Temple Lofts

The Delaware Apartments

Dunbar Court

St. Agnes Apartments

The Davlan

1733 N. Meridian

410 E 13th St, Unit B

Total Monthly Price
1631 Columbia Ave

1807 Southeastern Ave

1805 Southeastern 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!

1416 W 21st St

2060 N Delaware St, Unit 6

2060 N Delaware St, Unit 10

3553 W Michigan St, Unit 3553

1661 N Talbott St, Unit 1

1043 N Holmes Ave

523 N Alton Ave

1541 E Ohio St

264 N Holmes Ave

2014 N Exeter Ave

747 N Elder Ave

1702 W Wyoming St

1102 S Illinois St

436 Sanders St

1834 Gent Ave

512 S State Ave

1527 Prospect St

1354 Oliver Ave

915 Marion Ave

330 N Arsenal Ave

332 N Arsenal Ave

2018 Rembrandt St

433 N State Ave

670 E 17th St

1206 N Concord St

434 E New York St

1838 Gent Ave

1822 N Delaware St

1541 E Ohio St

1722 Ingram 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 | $1,324 | $556 | $5,509 |
| Downtown Indianapolis 1 Bedroom Apartments | $1,615 | $544 | $4,307 |
| Downtown Indianapolis 2 Bedroom Apartments | $2,071 | $650 | $6,430 |
| Downtown Indianapolis 3 Bedroom Apartments | $2,204 | $799 | $7,091 |
| Downtown Indianapolis 4 Bedroom Apartments | $1,643 | $600 | $7,022 |
Browse Apartments in this Neighborhood
There are currently 190 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 $556 to $5,509 with an average price of $1,324.
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 $4,307 with an average monthly rent of $1,615.
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 $2,071.
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 $7,091 - averaging $2,204 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

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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.