
Cheap 2 Bedroom Apartments for Rent in Indianapolis, IN from $700 (373 Rentals)


3244-3246 W Mooresville Rd

Vistas Apartments

Courts Apartments

The Hub at Nora

Maple Court

Prairies Apartments

Strawbridge Green

937-939 N Gladstone 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

Serenity Park Apartments

Welcome to Dawson Village – Welcome Home!

The Sheldrake Apartments

The Meridian North and South

Cedars Apartments

Mariners Village

Country Club Apartments

Churchman Woods

Meridian Towers

Autumn Trails Apartments

1401 N Alton Ave

3730 Baltimore Ave

Bristol Square

Eagle Creek Court

Sawmill Apartments

Brookhaven Apartments

Timber Point Apartments

2118-2120 Admiral Dr

Utomin Apartments

Brookwood Apartments

The Whitaker

Williamsburg North

Westbury Court

Pickwick Farms Apartments

Wellington Square Apartments

The Boardwalk at Westlake Apartments and Townhomes

Cross Creek Apartments

Willow Glen East

1134 Blaine Ave

Riverside Apartments

Fox Club

Sherman Village
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 | $1,254 | $585 | $6,201 |
Indianapolis 1 Bedroom Apartments | $1,422 | $285 | $3,646 |
Indianapolis 2 Bedroom Apartments | $1,717 | $700 | $7,871 |
Indianapolis 3 Bedroom Apartments | $2,016 | $899 | $8,137 |
Indianapolis 4 Bedroom Apartments | $2,017 | $700 | $4,370 |
Indianapolis 5 Bedroom Apartments | $6,739 | $2,350 | $10,000+ |
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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 $709.
What is the price of a cheap apartment in Indianapolis?
The cheapest apartment in Indianapolis is Harpers Crossing which is listed at $465, while the average apartment in Indianapolis costs $2,614.
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 2,125 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 $333 which is $2,281 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.