
Cheap Condos for Rent in Indianapolis, IN from $300 (53 Rentals)
Search the lowest-cost Condos available for rent right now in Indianapolis.


3121 E Michigan St

6052 E Washington St

3123 E Michigan St

636 E 37th St

3715 N Meridian St

1234 S Sheffield Ave
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.

1928 E Maryland St

3707 N Meridian St

1702 W Michigan St

340 Prospect St

336 Prospect St

5045 E 10th St

1230 N Belmont Ave

923 E 34th St

419 N Beville Ave

7046 E US Hwy 36
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

37 West St Clair Street

2932 N Dearborn St

6262 Eastridge Dr

5909 Devington Rd

4849 N Bolton Ave

6264 Eastridge Dr

6005 Dickson Rd

5037 E 10th St

4835 N Bolton Ave

5918 Devington Rd

133 N Muessing St

5121 E Burgess Ave
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.

1157 Villa Ave

10301 Medallion Dr

634 Wooddale Terrace

140 E 19th St

1363 Blaine Ave

615 E Thompson Rd

5956 Radnor Rd

2414 N Delaware 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.

1223 N Oxford St

21 N Tacoma Ave

1221 N Oxford St

10291 Medallion Dr

1048 High St

2 E Main St

2107 E Michigan St

501 Madison Ave

1601 N Delaware St

1717 N Talbott St

510 N Beville Ave

829 N Pennsylvania St

321 E 31st St
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
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 | $1,416 | $675 | $4,700 |
Indianapolis 3 Bedroom Homes for Rent | $1,904 | $899 | $4,000 |
Indianapolis 4 Bedroom Homes for Rent | $2,377 | $1,300 | $5,000 |
Indianapolis 5 Bedroom Homes for Rent | $3,356 | $1,445 | $10,000+ |
Indianapolis 6 Bedroom Homes for Rent | $3,745 | $2,180 | $5,500 |
Indianapolis 7 Bedroom Homes for Rent | $5,400 | $5,400 | $5,400 |
Explore Indianapolis
Indianapolis, IN Local Guide
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Quick 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.
Frequently Asked Questions about Indianapolis
What type of rentals are currently available in Indianapolis?
There are currently 1653 Apartments for Rent in Indianapolis, IN with pricing that ranges from $550 to $11,670. There are also 1743 Single Family Homes for rent, Condos, and Townhome rentals currently available in Indianapolis ranging from $355 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 $355 to $12,900 with an average monthly rent of $2,550.
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 $11,670, while Three Bedroom Homes, Condos, and Townhomes for rent range from $899 to $4,000. Four Bedroom Single-Family rentals are also available starting from $1,300 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.

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.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.