Cheap Apartments for Rent in Marion County, IN from $400 (746 Rentals)

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Central @ 29
1 to 3 Bedroom Apartments

Central @ 29

2825 Central AveIndianapolis, IN 46205

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property at 3165 Station St

$699 - $749

Studio To 3 Bedroom Rentals

Available Now

3165 Station St

IndianapolisIN46218

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Cheapest Available Marion County Apartments for Rent

 

The cheapest available apartment rental in Marion County, IN is a 1 Bed unit found at Central @ 29 in the Martindale neighborhood priced from $543. D&T Nest in the Southeast Indianapolis neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $595. Here is today’s list of the most affordable Marion County apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Central @ 291 Bedroom - A1BR,1BA$543
D&T Nest0 Bedroom 1 Bath - 78708Studio,1BA$595
Volrath1BR/1.0BA1BR,1BA$599
Rosedale Hills1 Bedroom 1 Bath Large1BR,1BA$650
Serenity Manor 55+ Independent Active LivingStudioStudio,1BA$659
Franklin StudiosStudioStudio,1BA$665
Glenstone StudiosStudioStudio,1BA$665
Meridian TowersStudio ApartmentStudio,1BA$699
Oxmoor Indy1BR/1.0BA1BR,1BA$699
Maple Creek VillageStudioStudio,1BA$700

Best Value Apartments for Rent in Marion County, IN

As of August 17, 2026 the best value apartment in the Marion County area is the $0.98 price per square foot #4 Model at 945 Woodruff Place Middle Drive in the in the Martindale neighborhood starting from $1,495. The second greatest value Marion County apartment is the 3017 Broadway St Model at 3017 Broadway St, Unit 3017 Broadway 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.
945 Woodruff Place Middle Drive#42BR,1.5BA$0.98
3017 Broadway St, Unit 3017 Broadway3017 Broadway St3BR,1.5BA$0.93
Glen Ridge Manor Townhomes and Flats (Indy Town)Glen Ridge 2 bedroom Flat2BR,1BA$0.79
605 N Rural St, Unit 605605 N Rural St3BR,1.5BA$0.90
Residences at LawnviewThree Bedroom One Bath Garden3BR,1BA$0.96
Brookhaven Apartments2 Bed 1 Bath2BR,1BA$0.91
The Star2 Bed2BR,1BA$0.76
The Davlan2-12BR,1BA$0.95
Frederick SquareFrederick Square 2 bedroom2BR,1BA$0.98
The Aerie on 11th Street2 Bedroom 1 Bath - 240262BR,1BA$0.94

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 Central @ 29 which is listed at $543, while the average apartment in Marion County costs $1,315.

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 376 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 $140 which is $1,175 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 Rent According to Income: A Look at Income-Restricted Rentals article

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.

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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.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

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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.