
Cheap Apartments for Rent in Indianapolis, IN from $300 (687 Rentals)Page 7 of 14
Search the lowest-cost Apartments available for rent right now in Indianapolis.


Eagle Lake Landing

1128-1130 Churchman Ave

Eagle Creek Apartments

School 85

Bishop Pond Residences Apartments

Ralston Apartments

Solana Apartments

Waterfront Pointe

Riverview

The Assembly

Edison at Meridian Hills

4725 E 16th St

Lakeshore Apartments

Temple Lofts

9 on Canal

Alder Woods LLC

Emhardt Apartments

2650 Kristen Dr

2806 Dietz St

Residence on Penn

5326 Winston Pl

Gathyr Apartments

Harrison Point Apartments

Creek Bay

Community Place

946 MLK

Lakes of Windsor

Indy Colonial Apartments

Rise on Meridian

Latitudes Apartments

2131 North

River Crossing

The Residence at White River Apartments

Broad Ripple Flats

Reserve at Franklin Glen

3502 N Kenwood Ave

The Timbers Apartments

Iron Trail Apartments & Townhomes

The Life at White Pines

Riverchase Apartments

333 Penn Apartments

The Elliott at College Park Apartment Homes

Union Square

Lockerbie Lofts

Center Point Apartments

EAGLE CHASE APARTMENTS

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

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.