
Cheap Short Term Lease Apartments for Rent in Indianapolis, IN from $300 (195 Rentals)
Rental terms in Indianapolis as short as a month! Perfect when you can't commit to a full year of renting.
Search the lowest-cost Apartments available for rent right now in Indianapolis.


Indy Town Apartments

Cambridge Commons

The Boardwalk at Westlake Apartments and Townhomes

The Meridian North and South

Rosewood Commons

Sherbrook

The Hub at Nora

Olivewood

Annhurst
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

Capital Place

Cross Creek Apartments

Reflections Apartments

Cherry Glen

Devonshire Apartments in Downtown Indianapolis

Woodhaven Park

Willow Glen East

Spinnaker Court

Emerson Village

The Park at Greenhill

Alpine Studios

SOUTHPORT AT BUCK CREEK

Woods at Oak Crossing

The Life at Creekside Reserve

Lake Castleton

Williamsburg North

Timber Point Apartments

Strawbridge Green

Freeman Apartments LLC

The Life at Belhaven Place

Marabou Mills

The Life at Northwest Gardens

Ninth Avenue Apartments

Parkhaven Apartments

Maryden on Central

Trails at Lakeside

Spanish Oaks

Stonehenge

The Life at White Pines

Pebble Point

Beechmill Apartments

Oak Park

Meridian Lakes

Artistry Indy

A/62

The Woods of Eagle Creek

Astoria Park Apartment Homes

Oakbrook 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 | $1,250 | $585 | $5,734 |
Indianapolis 1 Bedroom Apartments | $1,424 | $597 | $3,646 |
Indianapolis 2 Bedroom Apartments | $1,722 | $750 | $7,871 |
Indianapolis 3 Bedroom Apartments | $2,054 | $899 | $8,137 |
Indianapolis 4 Bedroom Apartments | $1,732 | $699 | $4,710 |
Indianapolis 5 Bedroom Apartments | $11,540 | $1,830 | $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 Illinois Street Senior Apartments listed at $462.
How much is rent for a Cheap One Bedroom Indianapolis Apartment?
The lowest price for a Cheap One Bedroom Indianapolis Apartment is $285 at 1531 N Downey Ave.
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 $465 at Harpers Crossing.
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 $869.
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.