
Cheap Homes for Rent in Indianapolis, IN from $300 (229 Rentals) Page 5 of 5
Search the lowest-cost Homes available for rent right now in Indianapolis.


2509 E 10th St

12840 University Crescent

142 N 7th Ave

1828 Hoyt Ave

334 Dequincy St

417 W 41st St

2343 Adams St

2341 Adams St

515 N Oxford St

1637 Hoefgen St

264 N Holmes Ave

5161 Caroline Ave

13841 Gatsby Dr

3337 Prospect St

8805 Calbert Ct

614 N Colorado Ave

3319 N Hawthorne Ln

3626 N Hartman Dr

3469 Graceland Ave

1228 W 18th St

1737 Terrace Ave

3535 N Brentwood Ave

264 N Holmes Ave

2949 Adams St

3301 Mardenna Ave

4337 N Olney St

5446 Carlton Ct

2956-2956 Central 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 | $1,402 | $650 | $2,850 |
| Indianapolis 3 Bedroom Homes for Rent | $1,834 | $950 | $3,850 |
| Indianapolis 4 Bedroom Homes for Rent | $2,251 | $950 | $4,650 |
| Indianapolis 5 Bedroom Homes for Rent | $2,754 | $1,450 | $6,500 |
| Indianapolis 6 Bedroom Homes for Rent | $3,122 | $1,850 | $4,500 |
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 1696 Apartments for Rent in Indianapolis, IN with pricing that ranges from $497 to $16,591. There are also 1099 Single Family Homes for rent, Condos, and Townhome rentals currently available in Indianapolis ranging from $320 to $6,500.
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 $320 to $6,500 with an average monthly rent of $1,753.
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 $870 to $8,143, while Three Bedroom Homes, Condos, and Townhomes for rent range from $950 to $3,850. Four Bedroom Single-Family rentals are also available starting from $950 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.
Articles, How-To's, and Tips

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.