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from $830Built in 20151 to 2 Bedroom Apartments Available Now
Madison Lofts
1430 Madison AveIndianapolis, IN 46225
Cheap New Apartments for Rent in Indianapolis, IN from $300 (69 Rentals)
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from $999Built in 2018Studio to 2 Bedroom Apartments Available Now
River West Flats
1150 N White River Pkwy West DrIndianapolis, IN 46222
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from $1,025Built in 2021Studio to 2 Bedroom Apartments Available Now
Alpine Studios
5818 Flight School DrIndianapolis, IN 46221
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from $1,081Built in 20251 Bedroom Apartments Available Now
Plaza at Central Greens, LP
7 Central Greens BlvdIndianapolis, IN 46222
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from $1,091Built in 2020Studio to 2 Bedroom Apartments Available Now
Riverview
460 N White River Pkwy West DrIndianapolis, IN 46222
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from $1,112Built in 2018Studio to 2 Bedroom Apartments Available Now
River House
6311 E Westfield BlvdIndianapolis, IN 46220
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from $1,159Built in 20251 to 3 Bedroom Apartments Available Now
Bishop Pond Residences Apartments
6214 Long Channel LnIndianapolis, IN 46268
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from $1,160Built in 20151 to 3 Bedroom Apartments Available Now
Southern Dunes
7247 Vista CirIndianapolis, IN 46217
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from $1,167Built in 20171 to 3 Bedroom Apartments Available Now
The Timbers Apartments
4545 Scarlet Oak WayIndianapolis, IN 46237
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from $1,175Built in 20201 to 3 Bedroom Apartments Available Now
The Assembly
1301 E Washington StIndianapolis, IN 46202
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from $1,195Built in 20231 to 2 Bedroom Apartments Contact Us For Availability
Alder Woods LLC
6806 E County Line RdIndianapolis, IN 46237
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from $1,199Built in 2025Studio to 2 Bedroom Apartments Available Now
Residences on Penn
2801 S Pennsylvania StIndianapolis, IN 46225
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from $1,199Built in 2023Studio to 2 Bedroom Apartments Available Now
Gathyr Apartments
1117 E Market StIndianapolis, IN 46202
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from $1,199Built in 20161 to 2 Bedroom Apartments Available Now
Penn Street Tower Apartments
115 N Pennsylvania StIndianapolis, IN 46204
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from $1,200Built in 20171 to 3 Bedroom Apartments Available Now
946 MLK
946 Dr Martin Luther King Jr StIndianapolis, IN 46202
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from $1,205Built in 2024Studio to 2 Bedroom Apartments Available Now
Rise on Meridian
915 S Meridian StIndianapolis, IN 46225
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from $1,210Built in 20171 to 2 Bedroom Apartments Contact Us For Availability
2131 North
2131 N Meridian StIndianapolis, IN 46202
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from $1,219Built in 2023Studio to 2 Bedroom Apartments Available Now
Wesley Place
75 W 18th StIndianapolis, IN 46202
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from $1,230Built in 2016Studio to 2 Bedroom Apartments Available Now
Lockerbie Lofts
640 E Michigan StIndianapolis, IN 46202
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from $1,249Built in 2021Studio to 2 Bedroom Apartments Available Now
Wesmont
1515 Lewis StIndianapolis, IN 46202
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from $1,250Built in 2025Studio to 2 Bedroom Apartments Available Feb 24
Domino at Monon 30
3200 Dr. Andrew J. Brown AveIndianapolis, IN 46205
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from $1,259Built in 20211 to 3 Bedroom Apartments Available Now
The Otis at Fort Ben Apartments
9310 Otis AveIndianapolis, IN 46216
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from $1,279Built in 2021Studio to 2 Bedroom Apartments Available Now
AYR
6160 N Rural StIndianapolis, IN 46220
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from $1,289Built in 2024Studio to 3 Bedroom Apartments Available Now
The Grounds
2136 Central AveIndianapolis, IN 46202
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from $1,290Built in 20222 Bedroom Apartments Available Now
Wynbrooke Senior Apartments
10318 E County Road 200 NIndianapolis, IN 46234
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from $1,290Built in 2017Studio to 1 Bedroom Apartments Available Now
Forte Apartments
1140 Shelby StIndianapolis, IN 46203
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from $1,296Built in 2015Studio to 2 Bedroom Apartments Available Now
Pulliam Square
152 E New York StIndianapolis, IN 46204
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from $1,299Built in 20221 to 2 Bedroom Apartments Available Now
Bluff Crossing Apartments
3506 Bluff RdIndianapolis, IN 46217
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from $1,299Built in 2020Studio to 2 Bedroom Apartments Available Now
Notch at Nora
8502 Westfield BlvdIndianapolis, IN 46240
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from $1,299Built in 2017Studio to 1 Bedroom Apartments Available Now
The Coil
6349 N College AveIndianapolis, IN 46220
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Built in 2019Studio to 2 Bedroom Apartments
Morton School Senior Apartments
2101 N College AveIndianapolis, IN 46202
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Built in 20221 to 2 Bedroom Apartments
Parkside At Tarkington
3901 N Meridian StIndianapolis, IN 46208
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Built in 20181 to 2 Bedroom Apartments
Sunstone at Arlington Woods
5620 E 30th StIndianapolis, IN 46218
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Built in 20171 to 2 Bedroom Apartments
Overlook at the Fairgrounds
1720 E 38th StIndianapolis, IN 46218
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Built in 20171 to 2 Bedroom Apartments
Florence Fay School Senior Apartments
2815 English AveIndianapolis, IN 46201
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Built in 2019Studio to 2 Bedroom Apartments
Slate Run Lofts
9555 International DrIndianapolis, IN 46268
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Built in 20221 to 2 Bedroom Apartments
The Reserve at White River
2774 Pixel RdIndianapolis, IN 46222
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Built in 20161 Bedroom Apartments
Illinois Street Senior Apartments
1352 N Illinois StIndianapolis, IN 46202
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Built in 20151 to 2 Bedroom Apartments
The Retreat On Washington
2950 Kirkbride WayIndianapolis, IN 46222
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Built in 2017Studio to 2 Bedroom Apartments
The Congress at Library Square
923 N Meridian StIndianapolis, IN 46204
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Built in 2019Studio to 3 Bedroom Apartments
The Whit Apartments
307 N Pennsylvania StIndianapolis, IN 46204
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Built in 2016Studio to 4 Bedroom Apartments
632 MLK Apartments
632 Dr Martin Luther King Jr StIndianapolis, IN 46202
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from $990Built in 20151 to 3 Bedroom Apartments Available Now
LaCabreah Apartments
7130 LaCabreah DrBrownsburg, IN 46112
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 | $1,255 | $585 | $6,600 |
| Indianapolis 1 Bedroom Apartments | $1,402 | $307 | $4,900 |
| Indianapolis 2 Bedroom Apartments | $1,701 | $750 | $7,013 |
| Indianapolis 3 Bedroom Apartments | $2,039 | $899 | $6,972 |
| Indianapolis 4 Bedroom Apartments | $1,778 | $969 | $3,890 |
Explore Indianapolis
Indianapolis, IN Local Guide
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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.
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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 Meridian Towers listed at $629.
How much is rent for a Cheap One Bedroom Indianapolis Apartment?
The lowest price for a Cheap One Bedroom Indianapolis Apartment is $699 at Oxmoor Indy.
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 $565 at Hopeside I.
What is the most affordable Indianapolis Three Bedroom Apartment?
The best deal on a cheap Indianapolis Three Bedroom Apartment rental is at East Village at Avondale Meadows Apartments and starts from $601.
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.
Signing Your Apartment Lease: The Basics
Written by: Trey Huguley
When you're about to sign a lease for the first time, it can feel a bit overwhelming. You don’t want to miss any important details hidden in the fine print.
What to Know About Fees and Fines When Renting
Written by: Trey Huguley
When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.
Real Estate Term Glossary: Your Guide to The A to Zs of Renting
Written by: Kevin Ready
Navigating the world of real estate can reveal an abundance of terminology and phrasing around the topics of renting and buying that for some may seem like a brand-new language.
Navigating the World of Low-Income Housing: A Comprehensive Guide
Written by: Kevin Ready
Are you having difficulty keeping up with bills or paying the rent? If so, you are not alone. Many families struggle to keep up with rents that have increased up to 40% in the past decade.