Cheap Apartments for Rent in the 46205 ZIP Code of Indianapolis, IN from $300 (76 Rentals)

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Search the lowest-cost Apartments available for rent right now in the 46205 ZIP Code area of Indianapolis.

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.

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The Delaware Apartments
Rent Specials
$1,175 - $1,750
Total Monthly Price

Total Monthly Price

Base Rent
$1,140 - $1,715
Required Monthly Fees
$35
Total Monthly Price
$1,175 - $1,750
Studio to 2 Bedroom Apartments Available Now

The Delaware Apartments

2205 N Delaware StIndianapolis, IN 46205
Furnished
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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.

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Charmwood Terrace
Studio to 2 Bedroom Apartments

Charmwood Terrace

3419 N Pennsylvania StIndianapolis, IN 46205
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THE COURTS OF MONON
Studio to 1 Bedroom Apartments

THE COURTS OF MONON

3605-3609 Balsam AveIndianapolis, IN 46205
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Sherman Forest
Studio to 4 Bedroom Apartments

Sherman Forest

3615 Sherman Forest DrIndianapolis, IN 46205
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727 Fairfield Ave
1 Bedroom Apartments

727 Fairfield Ave

727 Fairfield AveIndianapolis, IN 46205
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VILLAGE AT FALL CREEK
Studio to 1 Bedroom Apartments

VILLAGE AT FALL CREEK

3520-3534 Fall Creek Parkway North DrIndianapolis, IN 46205
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Historic Dorchester
1 to 4 Bedroom Apartments

Historic Dorchester

3720 N Pennsylvania StIndianapolis, IN 46205
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The Regal Apartments
1 to 2 Bedroom Apartments

The Regal Apartments

3603 N Washington BlvdIndianapolis, IN 46205

Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods

Discover the heart of the Midwest! Learn about popular Indianapolis neighborhoods to rent like Speedway and Eagledale, plus top universities and can't-miss places to eat.

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Birchwood Place
Studio to 1 Bedroom Apartments

Birchwood Place

1040 Fairfield AveIndianapolis, IN 46205
  • Utilities Included
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Monon Station Apartments
Studio to 2 Bedroom Apartments

Monon Station Apartments

4554 Winthrop AveIndianapolis, IN 46205
  • Utilities Included
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7 Pointe Apartments
1 to 3 Bedroom Apartments

7 Pointe Apartments

4724 Round Lake RdIndianapolis, IN 46205
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Hubbard Gardens
1 to 2 Bedroom Apartments

Hubbard Gardens

4004 Meadows DrIndianapolis, IN 46205
  • Utilities Included
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The Lodge Apartments
1 to 2 Bedroom Apartments

The Lodge Apartments

4816 Alsuda DrIndianapolis, IN 46205
  • Utilities Included

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.

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The Meadows
1 to 3 Bedroom Apartments

The Meadows

4016 Meadows WayIndianapolis, IN 46205
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Ashton Park
2 Bedroom Apartments

Ashton Park

2917-3039 E 47th StIndianapolis, IN 46205
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The Sheldrake Apartments
$595 - $930
Total Monthly Price

Total Monthly Price

Base Rent
$595 - $930
Total Monthly Price
$595 - $930
Studio to 2 Bedroom Apartments Available Now

The Sheldrake Apartments

2258 N Meridian StIndianapolis, IN 46208
Affordability
  • Verified
  • Customer Reviewed
  • Utilities Included

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.

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Frequently Asked Questions about Cheap the 46205 ZIP Code Apartments

What is the Cheapest Studio apartment in 46205?

Currently the most affordable Cheap Studio Apartment in 46205 is at Turtle Creek Kokomo listed at $685.

How much is rent for a Cheap One Bedroom 46205 Apartment?

The lowest price for a Cheap One Bedroom 46205 Apartment is $725 at Walnut Manor.

What is the lowest price for a Cheap Two Bedroom 46205 Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in 46205 is starting from $840 at Turtle Creek Kokomo.

What is the most affordable 46205 Three Bedroom Apartment?

The best deal on a cheap 46205 Three Bedroom Apartment rental is at The Annex of Kokomo and starts from $555.

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

decorative image for A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Indianapolis article

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.

decorative image for Your Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters article

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.

decorative image for Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods article

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

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

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.

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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.

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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.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.