3321 Eastwind Ct
IndianapolisIN46227
Cheap Homes for Rent in Indianapolis, IN from $300 (246 Rentals)
Search the lowest-cost Homes available for rent right now in Indianapolis.
8149 Trevellian Way
IndianapolisIN46217
701 W Hanna Ave
IndianapolisIN46217
1043 N Holmes Ave
IndianapolisIN46222
6115 Redcoach Ln
IndianapolisIN46250
1131 N Rural St
IndianapolisIN46201
320 N Sherman Dr
IndianapolisIN46201
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$649Studio Apartments Available Now
4985 N Franklin Rd, Unit 1
4985 N Franklin RdIndianapolis, IN 46226
5013 N Kitley Ave
IndianapolisIN46226
415 N Oxford St
IndianapolisIN46201
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
1106 N Gale St
IndianapolisIN46201
1538 N Grant Ave
IndianapolisIN46201
1518 N Chester Ave
IndianapolisIN46201
1250 N Colorado Ave
IndianapolisIN46201
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$7251 Bedroom Apartments Available Now
2211 E New York St, Unit B
2211 E New York StIndianapolis, IN 46201
2826 S Pennsylvania St
IndianapolisIN46225
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$7492 Bedroom Apartments Available Now
3014 W 10th St, Unit 1
3014 W 10th StIndianapolis, IN 46222
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$749Studio Apartments Available Now
3165 Station St, Unit B
3165 Station StIndianapolis, IN 46218
263 S Chester Ave
IndianapolisIN46201
2831 N Kenwood Ave
IndianapolisIN46208
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.
1036 N Tuxedo St
IndianapolisIN46201
2530 N Temple Ave
IndianapolisIN46218
528 E Raymond St
IndianapolisIN46203
39 N Forest Ave
IndianapolisIN46201
4720 Munter Ln
IndianapolisIN46218
2010 E 25th St
IndianapolisIN46218
2103 Ringgold Ave
IndianapolisIN46203
628 N Oxford St
IndianapolisIN46201
2238 Admiral Dr
IndianapolisIN46219
4537 Fletcher Ave
IndianapolisIN46203
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
1327 N Chester Ave
IndianapolisIN46201
224 N Tacoma Ave
IndianapolisIN46201
423 Villa Ave
IndianapolisIN46201
1548 E Perry St
IndianapolisIN46227
8056 Pebble Creek Ct
IndianapolisIN46268
2316 Indianapolis Ave
IndianapolisIN46208
1306 N Chester Ave
IndianapolisIN46201
336 Prospect St
IndianapolisIN46225
833 N Gladstone Ave
IndianapolisIN46201
64 N 6th Ave
Beech GroveIN46107
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.
1038 N Tuxedo St
IndianapolisIN46201
1512 N Gladstone Ave
IndianapolisIN46201
970 Edgemont Ave
IndianapolisIN46208
821 N Bradley Ave
IndianapolisIN46201
1442-1444 S Richland St
IndianapolisIN46221
1Lavina Ln
FortvilleIN46040
3146 Asbury St
IndianapolisIN46237
6149 Commodore Dr
IndianapolisIN46219
6119 Nimitz Dr
IndianapolisIN46219
5143 Washington St
IndianapolisIN46219
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.
Indianapolis, IN Local Guide
How much does it cost to rent a home in Indianapolis?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Indianapolis 2 Bedroom Homes for Rent | $1,491 | $700 | $2,950 |
| Indianapolis 3 Bedroom Homes for Rent | $1,876 | $800 | $6,000 |
| Indianapolis 4 Bedroom Homes for Rent | $2,374 | $1,295 | $6,800 |
| Indianapolis 5 Bedroom Homes for Rent | $3,335 | $1,720 | $8,500 |
| Indianapolis 6 Bedroom Homes for Rent | $5,361 | $1,450 | $10,000+ |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
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Indianapolis, IN Local Guide
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Cheapest Neighborhoods for Apartments in Indianapolis, IN
Pricing Updated: 06/13/2026Current apartment rentals in the Indianapolis, IN area range in price from $544 to $16,353 with an overall median price of $2,699. The three Indianapolis neighborhoods with the lowest median rent pricing are Emerson Heights at $550, Garfield Park South at $649, and United Northeast at $545. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Indianapolis Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Emerson Heights | $975 | $550 | 30 |
| Garfield Park South | $1,172 | $649 | 19 |
| United Northeast | $1,199 | $545 | 133 |
| West Newton | $1,200 | $1,000 | 3 |
| Forest Manor | $1,219 | $545 | 122 |
| University Heights | $1,296 | $649 | 173 |
| Carson Heights | $1,300 | $649 | 170 |
| Grace Tuxedo Park | $1,345 | $550 | 38 |
| Keystone-Orchard | $1,349 | $544 | 259 |
| Meadows | $1,349 | $545 | 181 |
Cheapest Available Indianapolis Apartments for Rent
The cheapest available apartment rental in Indianapolis, IN is a 2 Beds unit found at The Villages at Mill Crossing in the Martindale neighborhood priced from $545. East Village at Avondale Meadows Apartments in the Martindale neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $569. Here is today’s list of the most affordable Indianapolis apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Villages at Mill Crossing | 2THSFL | 2BR,1BA | $545 |
| East Village at Avondale Meadows Apartments | B3 | 2BR,2BA | $569 |
| D&T Nest | 0 Bedroom 1 Bath - 67689 | Studio,1BA | $575 |
| Meridian Towers | Studio Apartment | Studio,1BA | $629 |
| Reflections Apartments | Expressions | Studio,1BA | $649 |
| Serenity Manor 55+ Independent Active Living | Studio | Studio,1BA | $660 |
| Glenstone Studios | Studio | Studio,1BA | $665 |
| Franklin Studios | Studio | Studio,1BA | $665 |
| Dunbar Court | Studio | Studio,1BA | $675 |
| The Meridian North and South | S1P South | Studio,1BA | $689 |
Best Value Apartments for Rent in Indianapolis, IN
As of June 14, 2026 the best value apartment in the Indianapolis area is the $0.90 price per square foot 1134 N Dearborn St Model at 1134 N Dearborn St, Unit B in the in the Martindale neighborhood starting from $1,350. The second greatest value Indianapolis apartment is the 2 Bedroom 1 Bathroom Model at Mariners Village Apartments starting at $1,164 with a $0.98 price per square foot in the Timberview neighborhood. Here is today’s list of the best values for Indianapolis apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 1134 N Dearborn St, Unit B | 1134 N Dearborn St | 3BR,1BA | $0.90 |
| Mariners Village Apartments | 2 Bedroom 1 Bathroom | 2BR,1BA | $0.98 |
| Brookhaven Apartments | 2 Bed 1 Bath | 2BR,1BA | $0.89 |
| Ashton Park | 2 Bedroom 2 Bath - 62209 | 2BR,2BA | $0.92 |
| 7 Pointe Apartments | Garnet | 2BR,2BA | $0.91 |
| The Star | 2 Bed | 2BR,1BA | $0.76 |
| 60 - ADDISON APARTMENTS | Addison Apts - Gorgeous 2 Bed/1 Bath Apt | 2BR,1BA | $0.96 |
| Canal Gardens | 2.1 40% | 2BR,1BA | $0.93 |
| Hopeside I | 2.2-40%-H | 2BR,2BA | $0.96 |
| The Davlan | 2-1 | 2BR,1BA | $0.95 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
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Your Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters
Learn About the Best Neighborhoods to Rent Near College Campuses in Indianapolis, IN | Find Charlotte Indianapolis Student Housing at ApartmentHomeLiving.com
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Remember the 3 Rules of Real Estate:Location, Location, Location!
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Wendy • 3+ years in Indianapolis
August 10, 2025One of Indiana's most beautiful cities!
Frequently Asked Questions about Indianapolis
What type of rentals are currently available in Indianapolis?
There are currently 1746 Apartments for Rent in Indianapolis, IN with pricing that ranges from $544 to $16,353. There are also 1343 Single Family Homes for rent, Condos, and Townhome rentals currently available in Indianapolis ranging from $320 to $15,000.
What is the current price range for Rental Homes in Indianapolis?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Indianapolis ranges from $320 to $15,000 with an average monthly rent of $2,147.
How much are larger Three and Four Bedroom Rentals in Indianapolis?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Indianapolis range from $626 to $9,756, while Three Bedroom Homes, Condos, and Townhomes for rent range from $800 to $6,000. Four Bedroom Single-Family rentals are also available starting from $1,295 and Four Bedroom Apartments start at $600.
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.