
Cheap Apartments for Rent in Indianapolis, IN from $300 (673 Rentals)Page 4 of 14
Search the lowest-cost Apartments available for rent right now in Indianapolis.


The Life at White Pines

Stonehenge

M Club Apartments

Beechmill Apartments

Pebble Point

Idlewood Apartments

Oak Park

Meridian Lakes

Artistry Indy

Aspen Pointe Apartments

A/62

Willow Brook

The Sterling

2118-2120 Admiral Dr

Woodlake

Astoria Park Apartment Homes

Oakbrook Village

Lockefield Gardens

Auburn Hills Apartments

Estates at Crystal Bay

Waterford Place Apartments

1354 Shelby St

River West Flats

Scandia Apartments

The George Apartment Homes

Keeneland Crest Apartments

TGM Autumn Woods

Avery Point Apartments

Eagle’s Edge

Home Place Senior Living

2917 Boulevard Pl

City Heights

1 W 28th St

Thompson Village Apartments

The Woods of Eagle Creek

CityView on Meridian

Lakeshore Reserve Off 86th Apartments and Townhomes

10 West Apartments

Ashton Pointe

The Elliott at College Park Apartment Homes

Warren Harbor Apartments

The Hermitage

Plaza at Central Greens

Historic Irvington Flats

Meridian Court South

Chateau in the Woods

Edge 35

Buffalo Creek Apartments
Indianapolis, IN Local Guide

How much does it cost to rent an apartment in Indianapolis?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Cheap Indianapolis Studio Apartments | $1,264 | $585 | $5,734 |
Cheap Indianapolis 1 Bedroom Apartments | $1,426 | $597 | $3,646 |
Cheap Indianapolis 2 Bedroom Apartments | $1,725 | $750 | $7,871 |
Cheap Indianapolis 3 Bedroom Apartments | $2,055 | $899 | $8,137 |
Cheap Indianapolis 4 Bedroom Apartments | $1,734 | $699 | $4,710 |
Indianapolis 5 Bedroom Apartments | $11,570 | $1,830 | $10,000+ |
Browse Top Apartments in Indianapolis
See all Apartments in IndianapolisExplore 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 $425.
What is the price of a cheap apartment in Indianapolis?
The cheapest apartment in Indianapolis is 1531 N Downey Ave which is listed at $285, while the average apartment in Indianapolis costs $2,641.
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 2,009 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 $448 which is $2,193 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.

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.

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.