Cheap 2 Bedroom Apartments for Rent in Indianapolis, IN from $700 (377 Rentals)Page 2 of 8

Cambridge Commons

Sherman Village

3638-38 N Linwood Ave

3727-3729 N Kenwood Ave

Drake Street Garden Homes

Hills Apartments

The Life at Northwest Gardens

Woods at Oak Crossing

Darby Court

SOUTHPORT AT BUCK CREEK

Park View at Beech Grove

The Life at Belhaven Place

The Washington

Garden Pointe Apartments

Fox Club

Minnie Hartmann Center

Keeneland Crest Apartments

One Somerset Apartments

Wildwood Village Apartments

Martinique Terrace

Greentree Apartments

Willow Brook

The Maywood at Speedway

Fields Apartments

28 S Dearborn St

Spinnaker Court

118-120 N Sheffield Ave

Christian Place Apartments

Aspen Chase

Jade North Apartments

River Road Apartments

Horizons Apartments

Oak Park

Brockton Apartments & Townhomes

Thompson Village Apartments

Beechmill Apartments

10049 Hawkins Ct

The Towers at Crooked Creek Senior Housing

Freeman Apartments LLC

Highland Pointe Apartments

5700 Madison Apartments & Edgewood on Madison

The Park at Greenhill

Capital Place

Vineyards 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 | $1,245 | $585 | $6,201 |
Indianapolis 1 Bedroom Apartments | $1,422 | $280 | $4,072 |
Indianapolis 2 Bedroom Apartments | $1,712 | $700 | $8,415 |
Indianapolis 3 Bedroom Apartments | $2,010 | $899 | $8,137 |
Indianapolis 4 Bedroom Apartments | $2,054 | $700 | $5,720 |
Indianapolis 5 Bedroom Apartments | $5,992 | $2,249 | $10,000+ |
Explore Indianapolis
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 Harpers Crossing which is listed at $465, while the average apartment in Indianapolis costs $2,592.
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 2,483 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 $329 which is $2,263 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.

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.

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.