
Cheap Homes for Rent in Indianapolis, IN from $300 (358 Rentals) Page 2 of 8
Search the lowest-cost Homes available for rent right now in Indianapolis.


3725 N Sherman Dr, Unit 7

1464 N Gladstone Ave

1462 N Gladstone Ave

5143 Washington St

47 N Ewing St

2911 E Brookside Ave

2304 N Ritter Ave

2206 Norden Ct

2314 N Ritter Ave
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.

933 N Linwood Ave

1346 Burdsal Pkwy

970 Edgemont Ave

942 N Bradley Ave

103 E 9th St, Unit 32

4804 E 34th St

2248 N Harding St

1451 W 34th St

3308 Central Ave

50 1/2 E Main St
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.

2226 1/2 Fulton St

3238 N Ralston Ave

5241 E 9th St

112 Adler St

943 N Drexel Ave

3058 Brookside Pkwy N Dr, Unit 3058 Brookside Parkway N.

4614 E 16th St

906 Laurel St

1531 N Grant Ave

2511 Turner Ave
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.

1465 W 34th St

765 N Belleview Pl

621 N Oxford St

1062 W 35th St

47 Port Sylvia Dr

2177 S Delaware St

617 N Oxford St

2221 E 38th St

101 S Bancroft St

329 Harlan St
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.

2839 N Gale St

2826 Brill Rd

2015 W Miller St

2013 W Miller St

1719 N Livingston Ave

2227 E Riverside Dr

1339 W Lee St

2106 Singleton St

3519 N Sherman Dr

1020 N Ewing St
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.
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 | $1,424 | $795 | $3,750 |
| Indianapolis 3 Bedroom Homes for Rent | $1,873 | $850 | $10,000+ |
| Indianapolis 4 Bedroom Homes for Rent | $2,275 | $1,145 | $5,500 |
| Indianapolis 5 Bedroom Homes for Rent | $3,176 | $1,672 | $8,300 |
| Indianapolis 6 Bedroom Homes for Rent | $3,375 | $2,500 | $4,250 |
Browse Top Homes for Rent in Indianapolis
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 1813 Apartments for Rent in Indianapolis, IN with pricing that ranges from $543 to $22,977. There are also 1604 Single Family Homes for rent, Condos, and Townhome rentals currently available in Indianapolis ranging from $300 to $10,000.
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 $300 to $10,000 with an average monthly rent of $1,820.
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 $795 to $8,207, while Three Bedroom Homes, Condos, and Townhomes for rent range from $850 to $10,000. Four Bedroom Single-Family rentals are also available starting from $1,145 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

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.

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.

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.

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.
Articles, How-To's, and Tips

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.