Cheap Apartments for Rent in Marion County, IN from $300 (660 Rentals)

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

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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 Fishermans Village in the Timberview neighborhood priced from $619. 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
Fishermans VillageAquaStudio,1BA$619
Meridian TowersStudio ApartmentStudio,1BA$629
Glenstone StudiosStudioStudio,1BA$649
Volrath**Free Month of Rent ** 128 E Palmer St - Studio1BR,1BA$649
Dunbar CourtStudioStudio,1BA$650
The StratfordStudioStudio,1BA$660
Oxmoor Indy1BR/1.0BA1BR,1BA$699
OlivewoodStudioStudio,1BA$699
INDY FLATSSherwood Std DStudio,1BA$705
Serenity Manor 55+ Independent Active LivingStudioStudio,1BA$715

Best Value Apartments for Rent in Marion County, IN

As of December 17, 2025 the best value apartment in the Marion County area is the $0.66 price per square foot 3809 N Pennsylvania St Model at 3809 N Pennsylvania St, Unit 1 in the in the Martindale neighborhood starting from $1,320. The second greatest value Marion County apartment is the 2322 Guilford Ave Model at 2322 Guilford Ave, Unit A starting at $1,300 with a $0.87 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.
3809 N Pennsylvania St, Unit 13809 N Pennsylvania St3BR,2BA$0.66
2322 Guilford Ave, Unit A2322 Guilford Ave3BR,1BA$0.87
Chapel Hill ApartmentsThe Denali1BR,1.5BA$0.92
Glen Ridge Manor Townhomes and Flats (Indy Town)Glen Ridge 2 bedroom Flat2BR,1BA$0.75
Shadeland Terrace Townhomes w/Full Basements2 BR / 1.5 BA2BR,1.5BA$0.81
Brookhaven Apartments2 Bed 1 Bath2BR,1BA$0.91
The Star2 Bed2BR,1BA$0.76
205 - MERIDIAN PLAZA APARTMENTS*Meridian Plaza*2BR,1BA$0.92
Canal Gardens2.1 40%2BR,1BA$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 $715.

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 $20,217.

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 601 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 $243 which is $19,974 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 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.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.