
Cheap Apartments for Rent in Indianapolis, IN from $300 with Utilities Included (207 Rentals)
Apartments in Indianapolis where your utility payments are included in your rent.
Search the lowest-cost Apartments available for rent right now in Indianapolis.


Indy Flats

Riverside Apartments

Meadows Apartments

Cambridge Commons

Ashgrove Apartments

The Pines at SoBro

5700 Madison Apartments & Edgewood on Madison
Who Pays for Utilities? Landlord or Tenant?
Your Guide to Understanding Who is Responsible for Which Utilities for When Renting. Click Below to Read More

Scarborough Lake Apartments

Abbey Apartments - Affordable Senior Housing

Carlton Apartments

The Washington

Courts Apartments

Vineyards Apartments

St. Agnes Apartments

Cedars Apartments
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

Broad Ripple Trails

Capital Place

Wellington Square Apartments

King's Reserve College Park - 55+ Senior

The Whitaker

Traymore Apartments

Willow Glen East

River Road Apartments

Bristol Square

Utomin Apartments
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

Lincolnshire Broad Ripple

Hills Apartments

Prairies Apartments

Park View at Beech Grove

Brockton Apartments & Townhomes

Welcome to Dawson Village – Welcome Home!

Jade North Apartments

Landmark

The Towers at Crooked Creek Senior Housing

Freeman Apartments LLC

Apartments @ Marten Court

Parkhaven Apartments

Christian Place Apartments

Willow Brook

Estates at Crystal Bay

Devonshire Apartments in Downtown Indianapolis

Waterford Place Apartments

Home Place Senior Living

The Parkview
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 | $1,240 | $585 | $6,201 |
Indianapolis 1 Bedroom Apartments | $1,409 | $280 | $4,292 |
Indianapolis 2 Bedroom Apartments | $1,708 | $700 | $9,991 |
Indianapolis 3 Bedroom Apartments | $1,993 | $930 | $6,700 |
Indianapolis 4 Bedroom Apartments | $1,985 | $700 | $4,140 |
Indianapolis 5 Bedroom Apartments | $4,397 | $2,249 | $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 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 $2,569.
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 2,269 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 $332 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.