Studio Apartments for Rent in Indianapolis, IN (255 Rentals)

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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

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Indianapolis, IN Local Guide

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Justin Habersaat
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Indianapolis Studio Apartment Units with Current Availability by Neighborhood

Availability Confirmed As of: March 27, 2025

There are currently 3200 available Studio apartment units from neighborhoods all over Indianapolis, IN that range in price from $585 to $6,600. Downtown Indianapolis, Brookside and Martindale are the neighborhoods that currently have the most Studio availability. Here is today's list of the top neighborhoods in Indianapolis with the most available Studio apartments:

NeighborhoodAvailable UnitsMedian PriceMin Price
Downtown Indianapolis65$1,226$585
Brookside60$1,297$1,000
Martindale57$1,184$585
Fairgrounds45$1,270$629
Martindale Brightwood44$1,300$950
Meadows41$1,289$699
Meridian-Kessler41$1,270$629
Butler-Tarkington40$1,270$629
Near Southside40$1,296$699
Wholesale District40$1,279$1,057

Largest Available Indianapolis Studio Apartments

The largest available Studio apartment unit in Indianapolis, IN is found at River House in the Warfleigh neighborhood and is 1,665 square feet priced from $5,271. Overture at Proscenium Apartments in the Beacon Point neighborhood has the second largest Studio, which is sized at 835 square feet and currently listed start at $1,415. Here is today’s list of the largest available Studio units in Indianapolis:

Apartment ListingModel NameSquare FootagePriced From
River HouseSuite 1001,665 Sq Ft$5,271
Overture at Proscenium ApartmentsLona835 Sq Ft$1,415
Rise on MeridianThe Abbi708 Sq Ft$1,470
The CoilS-A2704 Sq Ft$1,395
River Place FlatsFawn700 Sq Ft$1,364
Canal Overlook ApartmentsStudio694 Sq Ft$1,485
South & MadisonE2681 Sq Ft$840
AYRBoutique677 Sq Ft$1,385
Pulliam SquareS2661 Sq Ft$1,415
Lockerbie FlatsStudio521 Sq Ft$1,095

Cheapest Available Indianapolis Studio Apartments

As of March 27, 2025 the lowest priced Studio apartment unit in Indianapolis, IN is the Studio 3 30% Model starting from $462 at Illinois Street Senior Apartments in the Near North Indianapolis neighborhood. The second most affordable Indianapolis Studio is the Studio Model at The Stratford starting at $610 in the Cheswick Place neighborhood. The average price for all Studio apartments in Indianapolis is currently $1,276. Here is today’s list of the cheapest available Studio options in Indianapolis:

Apartment ListingModel NamePriced From
Illinois Street Senior ApartmentsStudio 3 30%$462
The StratfordStudio$610
Pinnacle WestStudio$699
Glenstone StudiosStudio$699
Cambridge CommonsStudio$709
The Boardwalk at Westlake Apartments and TownhomesStudio - 467 sqft$725
Franklin StudiosStudio$725
Cedars ApartmentsStudio$727
Rosewood CommonsStudio$729
Garden Pointe ApartmentsLily Studio UP$735

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Indianapolis Overview

Indiana’s capital, Indianapolis, is the state’s largest city and it ranks 13th in the country for size. It sits near the convergence of the White River and Fall Creek. Recently, Forbes ranked Indianapolis as having one of the best downtowns in the country because of its appealing appearance as well as amenities like movie theaters, museums, art galleries, parks, retail shops and entertainment. Indianapolis has experienced moderate growth in the last few years, and currently has a population of nearly 840,000 residents.

Why live in Indianapolis, IN?

In Indianapolis, if you are a sports fan, you are in luck. The city boasts many sports-related venues and activities. There is a lot to do if you love history, art, and the outdoors as well (in the warmer months, of course!). Here are some of the highlights the city has to offer:

Pet Friendly Lifestyle
Indianapolis, IN

Ranked #1

Among cities in Indiana for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Indianapolis, IN Rentals by Map

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See the most popular apartments and homes in Indianapolis, IN

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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 Studio Indianapolis Apartments

What is the Cheapest apartment in Indianapolis with Studio?

Currently the most affordable Studio in Indianapolis is at Illinois Street Senior Apartments listed at $462.

How much is the average rent for a Studio Indianapolis Apartment?

The average rent for a Studio Apartment in Indianapolis is $1,276.

What is the largest available Studio Indianapolis Apartment for rent?

Today's apartment with the most square footage in Indianapolis is a 1,665 square feet unit starting from $5,271 at River House.

What is the average size for Indianapolis Studio Apartments for rent?

The average size for a Studio rental in Indianapolis is currently 508 sq ft.

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.

decorative image for A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Indianapolis article

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.

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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.

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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.

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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.