
Cheap Homes for Rent in Indianapolis, IN from $300 (370 Rentals) Page 2 of 8
Search the lowest-cost Homes available for rent right now in Indianapolis.


2060 N Delaware St, Unit 10

3725 N Sherman Dr, Unit 7

47 N Ewing St

970 Edgemont Ave

125 E 17th St

125 E 17th St, Unit 1

4881 W 300 S, Unit 18

1917-1919 Houston St, Unit Duplicate of 1

1917-1919 Houston St, Unit 1
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.

2318 E 36th St

3553 W Michigan St, Unit 3553

4804 E 34th St

2339 Valley Creek W Ln

1713 N Rural St

2527 Shelby St

1444 S Richland St

6119 Nimitz Dr

515 N Oxford St

3286 Hovey 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.

932 N Leland Ave

471 N State Ave

5624 Wynridge Ct, Unit C

35#B Dequincy Street, 46201; #713375 - 713375

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

2511 Turner Ave

906 Laurel St

1531 N Grant Ave

1909 N Colorado Ave

2909 E Brookside 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

2060 N Delaware St, Unit 6

943 N Drexel Ave

330 W 40th St

3135 Wade St

1944 Shelby St

2248 N Harding St

3617 Brookside Pkwy S Dr

765 N Belleview Pl

1451 W 34th 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.

541 W 29th St

33 1/2 Miley Ave

112 Adler St

2013 W Miller St

2015 W Miller St

521 N Gladstone Ave, Unit B

521 N Gladstone Ave

314 N Denny St

1757 Howard St

524 W 23rd 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 | $1,445 | $595 | $3,800 |
| Indianapolis 3 Bedroom Homes for Rent | $1,879 | $500 | $4,500 |
| Indianapolis 4 Bedroom Homes for Rent | $2,320 | $1,295 | $5,500 |
| Indianapolis 5 Bedroom Homes for Rent | $3,070 | $1,605 | $8,500 |
| Indianapolis 6 Bedroom Homes for Rent | $5,398 | $2,495 | $10,000+ |
Browse Top Homes for Rent in Indianapolis
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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 1751 Apartments for Rent in Indianapolis, IN with pricing that ranges from $518 to $14,232. There are also 1553 Single Family Homes for rent, Condos, and Townhome rentals currently available in Indianapolis ranging from $295 to $12,500.
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 $295 to $12,500 with an average monthly rent of $2,310.
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 $799 to $9,205, while Three Bedroom Homes, Condos, and Townhomes for rent range from $500 to $4,500. 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

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.

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.

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.