
Cheap 2 Bedroom Apartments for Rent in Indianapolis, IN from $700 (374 Rentals)


Prairies Apartments

2431-2433 W Arlington Ct

Maple Court

5250 E St Joseph St

Welcome to Dawson Village – Welcome Home!

Serenity Park Apartments

1401 N Alton Ave

1322 N Alton Ave
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

The Sheldrake Apartments

The Meridian North and South

Cedars Apartments

Riverside Apartments

Strawbridge Green

Country Club Apartments

Churchman Woods
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

Vistas Apartments

Autumn Trails Apartments

6058 E 16th St

3730 Baltimore Ave

2118-2120 Admiral Dr

Bristol Square

Eagle Creek Court

Sawmill Apartments

Brookhaven Apartments

Utomin Apartments

Timber Point Apartments

Brookwood Apartments

Fox Club

The Whitaker

1472 W 32nd St

Williamsburg North

Westbury Court

Pickwick Farms Apartments

Scarborough Lake Apartments

The Boardwalk at Westlake Apartments and Townhomes

Cross Creek Apartments

Pine Glen

Willow Glen East

1134 Blaine Ave

Wellington Square Apartments
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 | $1,229 | $585 | $6,201 |
Indianapolis 1 Bedroom Apartments | $1,413 | $280 | $9,501 |
Indianapolis 2 Bedroom Apartments | $1,707 | $700 | $9,733 |
Indianapolis 3 Bedroom Apartments | $1,984 | $930 | $5,624 |
Indianapolis 4 Bedroom Apartments | $1,971 | $700 | $4,140 |
Indianapolis 5 Bedroom Apartments | $4,953 | $2,360 | $10,000+ |
Explore Indianapolis

Indianapolis, IN Local Guide
- Indianapolis Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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 the Cheapest Studio apartment in Indianapolis?
Currently the most affordable Cheap Studio Apartment in Indianapolis is at The Aerie on 11th Street listed at $700.
How much is rent for a Cheap One Bedroom Indianapolis Apartment?
The lowest price for a Cheap One Bedroom Indianapolis Apartment is $700 at The Aerie on 11th Street.
What is the lowest price for a Cheap Two Bedroom Indianapolis Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Indianapolis is starting from $700 at The Aerie on 11th Street.
What is the most affordable Indianapolis Three Bedroom Apartment?
The best deal on a cheap Indianapolis Three Bedroom Apartment rental is at The Aerie on 11th Street and starts from $700.
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.

Rise of Digital Nomads: Remote Work Tips for Apartment Renters
Written by: Brandie Parton
As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Written by: Christine Leonard, Esq.
Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

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.