
Cheap Short Term Lease Apartments for Rent in Indianapolis, IN from $300 (199 Rentals)Page 2 of 4
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.


Astoria Park Apartment Homes

Devonshire Apartments in Downtown Indianapolis

Scandia Apartments

River West Flats

Emerson Village

10 West Apartments

The Residences on 56th Street

Riverbend Apartments

Oak Park

Island Club Apartment Homes

Chateau in the Woods

Woodbridge Castleton

Buffalo Creek Apartments

Ashton Brook

The Villages of Bent Tree Apartments

Pier 39 Apartments & Townhomes

4306 Meadowlark Ct

Country Lake Estates

River House

Stone Ridge Flats and Townhomes

The Manning Apartment Homes

Castleton Manor Apartments

Oak Lake at Crooked Creek

Park at Eagle Creek

The Life at Belhaven Place

Harbour Pointe

Maxwell Apartments

Artistry Indy

Enclave at Eagle Creek Apartments

Parkside at Castleton Square Apartments and Townhomes

Wyckford Commons

Martinique Terrace

The Masters Apartments

Woods at Oak Crossing

Arborwood Apartments

Estates of Creekside Apartments

The 85Twenty

LINDEN SQUARE

Wesmont

Riverview

Edison at Meridian Hills

Lakeshore Apartments

Temple Lofts

Alder Woods LLC

Gathyr Apartments

946 MLK

The Residence at White River Apartments

Broad Ripple Flats

Iron Trail Apartments & Townhomes
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 | $1,242 | $585 | $6,201 |
Indianapolis 1 Bedroom Apartments | $1,410 | $280 | $4,292 |
Indianapolis 2 Bedroom Apartments | $1,708 | $700 | $9,991 |
Indianapolis 3 Bedroom Apartments | $1,992 | $930 | $6,700 |
Indianapolis 4 Bedroom Apartments | $2,001 | $700 | $4,140 |
Indianapolis 5 Bedroom Apartments | $4,397 | $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 Kennedy Apartments which is listed at $559, while the average apartment in Indianapolis costs $2,581.
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 2,229 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 $335 which is $2,246 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.

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.