
Cheap Homes for Rent in Indianapolis, IN from $300 with Air Conditioning (110 Rentals) Page 2 of 3
Search the lowest-cost Homes available for rent right now in Indianapolis.


5541 E 40th St

328 W 40th St

2011 Applegate St

1001 Denison St

21 S Spencer Ave

102 Wallace Ave

2414 Indianapolis Ave

1718 Southeastern Ave

4505 East 21st St
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

2531 10th St

4260 Norwaldo Ave

415 Samuel Moore Pkwy

2107 E Michigan St

1512 English Ave

824 Harlan St

10291 Medallion Dr

3639 W 12th St

506 Woodruff Place Middle Dr, Unit 506.
Check Out Indianapolis’s Best Affordable Neighborhoods
Learn about Indianapolis and the best places to live with original content written by our Local Expert Wendy Melton

7201 N Ralston Ave

3449 Boulevard Pl

1135 S Richland St

951 N Kealing Ave

951 N Kealing Ave

417 W 41st St

5326 N College Ave

652 E Main St

2866 Punto Alto Ct

323 W 40th St

4291 Village Pkwy Cir W

3715 N Meridian St

928 Udell St

1717 N Talbott St

4131 Mellis Dr

3409 N Capitol Ave

411 W 39th St

1526 N Grant Ave

2021 N Drexel Ave

1621 E 49th St

2310 N Kenwood Ave

4403 Dubarry Rd

815 N Riley Ave

2522 N Harding St

3911 Aurora St

2935 North Delaware Street

4030 N Grand Ave

4030 N Grand Ave

240 Legends Creek Pl, Unit 310

239 Legends Creek Way

1950 Carrollton Ave
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 | $1,469 | $725 | $4,700 |
Indianapolis 3 Bedroom Homes for Rent | $1,897 | $800 | $4,500 |
Indianapolis 4 Bedroom Homes for Rent | $2,330 | $1,250 | $5,800 |
Indianapolis 5 Bedroom Homes for Rent | $3,188 | $1,700 | $10,000+ |
Indianapolis 6 Bedroom Homes for Rent | $4,290 | $2,445 | $6,995 |
Explore Indianapolis
Indianapolis, IN Area Reviews
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 1663 Apartments for Rent in Indianapolis, IN with pricing that ranges from $550 to $11,089. There are also 1820 Single Family Homes for rent, Condos, and Townhome rentals currently available in Indianapolis ranging from $330 to $12,900.
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 $330 to $12,900 with an average monthly rent of $2,181.
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 $1,015 to $11,089, while Three Bedroom Homes, Condos, and Townhomes for rent range from $800 to $4,500. Four Bedroom Single-Family rentals are also available starting from $1,250 and Four Bedroom Apartments start at $550.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

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.

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.