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from $1,199Studio to 1 Bedroom Apartments Available Now
Lofts on Madison
501 Madison AveIndianapolis, IN 46225
Cheap Apartments for Rent in the Downtown Indianapolis Neighborhood of Indianapolis, IN from $400 (95 Rentals)Page 2 of 2
Search the lowest-cost Apartments available for rent right now in the Downtown Indianapolis area of Indianapolis.
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Rent Specials
from $1,199Studio to 2 Bedroom Apartments Available Now
Gathyr Apartments
1117 E Market StIndianapolis, IN 46202
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from $1,1991 to 2 Bedroom Apartments Available Now
Penn Street Tower Apartments
115 N Pennsylvania StIndianapolis, IN 46204
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from $1,2002 Bedroom Apartments Available Now
The Continental Towers at Vermont Place
410 N Meridian StIndianapolis, IN 46204
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from $1,200Studio to 2 Bedroom Apartments Available Now
Cosmopolitan on the Canal
310 W Michigan StIndianapolis, IN 46202
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from $1,2001 to 3 Bedroom Apartments Available Now
946 MLK
946 Dr Martin Luther King Jr StIndianapolis, IN 46202
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Studio to 2 Bedroom Apartments
The Congress at Library Square
923 N Meridian StIndianapolis, IN 46204
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Studio to 4 Bedroom Apartments
632 MLK Apartments
632 Dr Martin Luther King Jr StIndianapolis, IN 46202
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Studio to 1 Bedroom Apartments
Illinois Street Senior Apartments
1352 N Illinois StIndianapolis, IN 46202
Downtown Indianapolis, Indianapolis, IN Local Guide
How much does it cost to rent an apartment in Downtown Indianapolis?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Indianapolis Studio Apartments | $1,277 | $585 | $3,134 |
| Downtown Indianapolis 1 Bedroom Apartments | $1,546 | $425 | $3,646 |
| Downtown Indianapolis 2 Bedroom Apartments | $2,136 | $699 | $7,803 |
| Downtown Indianapolis 3 Bedroom Apartments | $2,646 | $1,300 | $8,118 |
| Downtown Indianapolis 4 Bedroom Apartments | $1,368 | $699 | $2,796 |
Browse Apartments in this Neighborhood
There are currently 95 rentals with your search options within a 2 mile radius of the Downtown Indianapolis Neighborhood of Indianapolis, IN.
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Frequently Asked Questions about Cheap Downtown Indianapolis Apartments
What is a cheap apartment in Downtown Indianapolis?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown Indianapolis is under $981.
What is the price of a cheap apartment in Downtown Indianapolis?
The cheapest apartment in Downtown Indianapolis is Union at 16th which is listed at $684, while the average apartment in Downtown Indianapolis costs $2,263.
What types of apartments are the cheapest in Downtown 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 1,105 regular apartments in Downtown 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 Downtown Indianapolis?
Cheap apartments in Downtown Indianapolis have an average cost of $504 which is $1,759 cheaper than the average rent for all rentals in Downtown 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.
What to Know About Fees and Fines When Renting
Written by: Trey Huguley
When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.
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.