
Cheap Gated Apartments for Rent in Indianapolis, IN from $300 (119 Rentals)Page 2 of 3
Search the lowest-cost Apartments available for rent right now in Indianapolis.


Pier 39 Apartments & Townhomes

Benjamin Court

Waterside at Castleton

The Lodge at Trails Edge

Vanguard at 16 Tech

Summerwood on Towne Line Apartments

One Somerset Apartments

Canal Overlook Apartments

Aspen Lakes

Canal Square

Stadium Lofts & Flats

Woods of Castleton

Buckingham & Balmoral

Fox Club

Wesmont

Ralston Apartments

Bishop Pond Residences Apartments

Solana Apartments

Lockerbie Lofts

Roberts School Flats

Center Point Apartments

Lakeshore Apartments

Temple Lofts

Alder Woods LLC

Gathyr Apartments

Lofts on Madison

Residence on Penn

Indy Colonial Apartments

946 MLK

Rise on Meridian

2131 North

River Crossing

The Residence at White River Apartments

Reserve at Franklin Glen

Iron Trail Apartments & Townhomes

333 Penn Apartments

Historic Marcy Village

Union Square

The Timbers Apartments

The Continental Towers at Vermont Place

Gardens of Canal Court

Wyndham Apartments

The Leo

The Domino

Sundance Apartments

Wesley Place
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 | $1,250 | $585 | $6,201 |
Indianapolis 1 Bedroom Apartments | $1,418 | $280 | $4,072 |
Indianapolis 2 Bedroom Apartments | $1,709 | $700 | $8,637 |
Indianapolis 3 Bedroom Apartments | $2,004 | $836 | $6,168 |
Indianapolis 4 Bedroom Apartments | $2,067 | $700 | $5,710 |
Indianapolis 5 Bedroom Apartments | $4,714 | $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 $699.
What is the price of a cheap apartment in Indianapolis?
The cheapest apartment in Indianapolis is Cambridge Commons which is listed at $629, while the average apartment in Indianapolis costs $2,557.
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 2,425 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 $320 which is $2,237 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.