
Cheap Apartments for Rent in Indianapolis, IN from $300 (691 Rentals)Page 6 of 14
Search the lowest-cost Apartments available for rent right now in Indianapolis.


4306 Meadowlark Ct

Park at Eagle Creek

Riley Towers

The Manning Apartment Homes

Avia Lofts at Founders Road

Castleton Manor Apartments

Oak Lake at Crooked Creek

Benjamin Court

Waterside at Castleton

TGM Shadeland Station

The Life at Belhaven Place

Harbour Pointe

Fallwood

Maxwell Apartments

Enclave at Eagle Creek Apartments

Minnie Hartmann Center

Summerwood on Towne Line Apartments

Carriage House West

3728 N Brentwood Ave

One Somerset Apartments

Parkside at Castleton Square Apartments and Townhomes

Stadium Lofts & Flats

Wyckford Commons

Martinique Terrace

Hanna Village Apartments

1521 N Tacoma Ave

Lofts on Madison

Vanguard at 16 Tech

126 E Vermont St

3236-3238 W Mooresville Rd

3328-3330 E New York St

Historic Marcy Village

1 W 28th St

Overlook at Valley Ridge Apartments

Lakeside Crossing at Eagle Creek Apartments and Townhomes

The Masters Apartments

Aspen Lakes

Canal Square

Slate Run Lofts and Apartments

10049 Hawkins Ct

Arborwood Apartments

Cedar Ridge

Buckingham & Balmoral

Woods of Castleton

Mann Village Apartments

Berkley Commons

Estates of Creekside Apartments

The 85Twenty
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 | $1,255 | $585 | $6,201 |
Cheap Indianapolis 1 Bedroom Apartments | $1,419 | $280 | $4,072 |
Cheap Indianapolis 2 Bedroom Apartments | $1,714 | $700 | $9,991 |
Cheap Indianapolis 3 Bedroom Apartments | $2,007 | $930 | $6,461 |
Cheap Indianapolis 4 Bedroom Apartments | $2,045 | $700 | $5,200 |
Indianapolis 5 Bedroom Apartments | $4,737 | $2,249 | $10,000+ |
Browse Top Apartments in Indianapolis
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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 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 $2,599.
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 2,065 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 $328 which is $2,271 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.

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.