Cheap Apartments for Rent in Marion County, IN from $400 (706 Rentals)

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

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One Somerset
Rent Specials
$775
Total Monthly Price

Total Monthly Price

Base Rent
$775
Total Monthly Price
Varies
2 Bedroom Apartments Available Now

One Somerset

3761 S State AveIndianapolis, IN 46227
Student Housing
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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Cheapest Available Marion County Apartments for Rent

 

The cheapest available apartment rental in Marion County, IN is a 2 Beds unit found at The Villages at Mill Crossing in the Martindale neighborhood priced from $545. East Village at Avondale Meadows Apartments in the Martindale neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $569. Here is today’s list of the most affordable Marion County apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Villages at Mill Crossing2THSFL2BR,1BA$545
East Village at Avondale Meadows ApartmentsB32BR,2BA$569
D&T Nest0 Bedroom 1 Bath - 62141Studio,1BA$595
Meridian TowersStudio ApartmentStudio,1BA$599
The Meridian North and SouthS1S SouthStudio,1BA$654
Serenity Manor 55+ Independent Active LivingStudioStudio,1BA$659
Franklin StudiosStudioStudio,1BA$665
Glenstone StudiosStudioStudio,1BA$665
Elmtree ParkStudio 1 BathStudio,1BA$680
The Stratford ApartmentsStudioStudio,1BA$689

Best Value Apartments for Rent in Marion County, IN

As of July 03, 2026 the best value apartment in the Marion County area is the $0.90 price per square foot 1134 N Dearborn St Model at 1134 N Dearborn St, Unit B in the in the Martindale neighborhood starting from $1,350. The second greatest value Marion County apartment is the Glen Ridge 2 bedroom Flat Model at Glen Ridge Manor Townhomes and Flats (Indy Town) starting at $1,143 with a $0.85 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.
1134 N Dearborn St, Unit B1134 N Dearborn St3BR,1BA$0.90
Glen Ridge Manor Townhomes and Flats (Indy Town)Glen Ridge 2 bedroom Flat2BR,1BA$0.85
Mariners Village Apartments2 Bedroom 1 Bathroom2BR,1BA$0.98
Brookhaven Apartments2 Bed 1 Bath2BR,1BA$0.89
Ashton Park2 Bedroom 2 Bath - 622092BR,2BA$0.92
The Star2 Bed2BR,1BA$0.76
Oxmoor Indy3BR/1.0BA3BR,1BA$1.00
60 - ADDISON APARTMENTSAddison Apts - Gorgeous 2 Bed/1 Bath Apt2BR,1BA$0.96
Canal Gardens2.1 40%2BR,1BA$0.93
The Davlan2-12BR,1BA$0.95

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 $689.

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

The cheapest apartment in Marion County is The Villages at Mill Crossing which is listed at $669, while the average apartment in Marion County costs $6,505.

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 422 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 $211 which is $6,294 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

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

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

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.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.