Cheap Apartments for Rent in Marion County, IN from $300 (656 Rentals)

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Search the lowest-cost Apartments available for rent right now in Marion County.

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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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property at 3609 Balsam Ave

$700 - $825

Studio To 1 Bedroom Rentals

Available Now

3609 Balsam Ave

IndianapolisIN46205

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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property at 1254 W 23rd St

$750 - $795

1 To 2 Bedroom Rentals

Available Now

1254 W 23rd St

IndianapolisIN46208

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Cheapest Available Marion County Apartments for Rent

 

The cheapest available apartment rental in Marion County, IN is a Studio unit found at The Stratford in the Cheswick Place neighborhood priced from $620. Meridian Towers in the Martindale neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $629. Here is today’s list of the most affordable Marion County apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The StratfordStudioStudio,1BA$620
Meridian TowersStudio ApartmentStudio,1BA$629
Volrath**Free Month of Rent ** 128 E Palmer St - Studio1BR,1BA$649
Glenstone StudiosStudioStudio,1BA$649
5700 Madison Apartments & Edgewood on MadisonEdgewood - LoftStudio,1BA$670
Union at 16th1 Bed 1 Bath1BR,1BA$684
Monon Park, Managed by Buckingham Monon Living1 Bed 1 Bath1BR,1BA$686
Oxmoor Indy1BR/1.0BA1BR,1BA$699
OlivewoodStudioStudio,1BA$699
The Sheldrake ApartmentsStudio HybridStudio,1BA$700

Best Value Apartments for Rent in Marion County, IN

As of December 29, 2025 the best value apartment in the Marion County area is the $0.87 price per square foot 2322 Guilford Ave Model at 2322 Guilford Ave, Unit A in the in the Martindale neighborhood starting from $1,300. The second greatest value Marion County apartment is the 1134 N Dearborn St Model at 1134 N Dearborn St, Unit B starting at $1,400 with a $0.93 price per square foot in the Martindale neighborhood. Here is today’s list of the best values for Marion County apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
2322 Guilford Ave, Unit A2322 Guilford Ave3BR,1BA$0.87
1134 N Dearborn St, Unit B1134 N Dearborn St3BR,1BA$0.93
Brookhaven Apartments2 Bed 1 Bath2BR,1BA$0.91
Glen Ridge Manor Townhomes and Flats (Indy Town)Glen Ridge 2 Bedroom Townhome2BR,1BA$0.79
The Star2 Bed2BR,1BA$0.76
Nola Court Apartments2 Bed Apt - 4462/45022BR,1BA$0.95
60 - ADDISON APARTMENTSLeasing Specials2BR,1BA$0.95
Canal Gardens2.1 40%2BR,1BA$0.93
Hopeside I2.2-40%2BR,2BA$0.93
The Aerie on 11th Street2 Bedroom 1 Bath - 203492BR,1BA$0.87

Frequently Asked Questions about Cheap Marion County Apartments

What is a cheap apartment in Marion County?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Marion County is under $700.

What is the price of a cheap apartment in Marion County?

The cheapest apartment in Marion County is Volrath which is listed at $649, while the average apartment in Marion County costs $22,130.

What types of apartments are the cheapest in Marion County?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 622 regular apartments in Marion County that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Marion County?

Cheap apartments in Marion County have an average cost of $235 which is $21,895 cheaper than the average rent for all rentals in Marion County.

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.

Articles, How-To's, and Tips

decorative image for How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips article

How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

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.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!