
Cheap 1 Bedroom Apartments for Rent in Indianapolis, IN from $285 (553 Rentals)


3321 Eastwind Ct

1252 Goldenrod Dr

8109 Johnstown Ct

701 W Hanna Ave

6115 Redcoach Ln

1043 N Holmes Ave

8149 Trevellian Way

5329 Hedgerow Dr

281 N Warman Ave
Check Out Indianapolis’s Best Affordable Neighborhoods
Learn about Indianapolis and the best places to live with original content written by our Local Expert Wendy Melton

3712 Oil Creek Dr

1635 Cruft St

8027 N Richardt Ave

1748 N Bancroft St

6702 Georgetown Rd

Riverside Apartments

25 S Emerson Ave

3535 Robson St

3326 Brookside Pkwy N Dr

Indy Town Apartments

24 N Linwood Ave

1341 W Congress Ave

1326 Medford Ave

1530-1532 N Sherman Dr

3763 Baltimore Ave

4830-4831 E Washington St

Maple Court

Westbury Court

The Sheldrake Apartments

Country Club Apartments

St. Agnes Apartments

45 S Linwood Ave

4714 E 16th St

8 N Butler Ave

Serenity Park Apartments

Vineyards Apartments

4310-4312 E Michigan St

One Somerset Apartments

626-628 N Oxford St

Abbey Apartments - Affordable Senior Housing

Indy Flats

Darby Court

Meridian Towers

Meadows Apartments

Wylde at Eagle Creek

Covington Square
Indianapolis, IN Local Guide

How much does it cost to rent an apartment in Indianapolis?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Indianapolis Studio Apartments | $1,244 | $585 | $6,201 |
Indianapolis 1 Bedroom Apartments | $1,422 | $285 | $4,072 |
Indianapolis 2 Bedroom Apartments | $1,720 | $700 | $7,871 |
Indianapolis 3 Bedroom Apartments | $2,018 | $899 | $8,137 |
Indianapolis 4 Bedroom Apartments | $2,045 | $700 | $5,850 |
Indianapolis 5 Bedroom Apartments | $5,926 | $2,450 | $10,000+ |
Explore Indianapolis

Indianapolis, IN Local Guide
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Quick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Getting Around Indianapolis, IN
Walk Score®
50 / 100
Somewhat Walkable
Some errands can be accomplished on foot
Bike Score®
53 / 100
Bikeable
Some bike infrastructure
Transit Score®
29 / 100
Some Transit
A few nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Indianapolis Apartments
What is a cheap apartment in Indianapolis?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Indianapolis is under $700.
What is the price of a cheap apartment in Indianapolis?
The cheapest apartment in Indianapolis is East Village at Avondale Meadows Apartments which is listed at $635, while the average apartment in Indianapolis costs $2,554.
What types of apartments are the cheapest in Indianapolis?
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 2,306 regular apartments in Indianapolis 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 Indianapolis?
Cheap apartments in Indianapolis have an average cost of $321 which is $2,233 cheaper than the average rent for all rentals in Indianapolis.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

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.

Renting Smart: Lease Basics Every Renter Needs
Written by: Christine Leonard, Esq.
Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

Battling the Butts: Your Guide to the Reality of Smoke-Free Renting
Written by: Andrea Lee Negroni, JD
While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

Understanding Amenity Fees: Know Where You Might Be Able to Save Money
Written by: Amber Kanuckel
With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.