
Studio Apartments for Rent in the Downtown Indianapolis Neighborhood of Indianapolis, IN (170 Rentals)


Industry Indianapolis

The Stella

Wesmont

Riverview

Artistry Indy

Stadium Lofts & Flats

Slate Apartments
Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods
Discover the heart of the Midwest! Learn about popular Indianapolis neighborhoods to rent like Speedway and Eagledale, plus top universities and can't-miss places to eat.

Cosmopolitan on the Canal

Lockerbie Lofts

9 On Canal

The Grounds

Vanguard at 16 Tech

Gathyr Apartments

Wesley Place

River West Flats
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

The Leo

360 Market Square

Maple Creek Village

Riley Towers

Union Square

Priscilla on Pennsylvania

Edge 35
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Forte Apartments

Canal Overlook Apartments

Circle City Apartments

Senate Manor

Mozzo apartments

The Sheldrake Apartments

The Delaware Apartments

632MLK
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

St. Agnes Apartments

Dunbar Court

501n N New Jersey St

501n N New Jersey St

530 Massachusetts Ave
Downtown Indianapolis - One of the Best Affordable Neighborhoods in Indianapolis
Named as one of the Best Affordable Neighborhoods to rent in Indianapolis by our Local Expert Wendy Melton. See how it ranks!
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 | $1,255 | $595 | $2,538 |
| Downtown Indianapolis 1 Bedroom Apartments | $1,503 | $684 | $4,490 |
| Downtown Indianapolis 2 Bedroom Apartments | $1,972 | $563 | $5,706 |
| Downtown Indianapolis 3 Bedroom Apartments | $2,612 | $1,023 | $9,355 |
| Downtown Indianapolis 4 Bedroom Apartments | $1,171 | $600 | $4,816 |
Browse Apartments in this Neighborhood
There are currently 170 rentals with your search options within a 2 mile radius of the Downtown Indianapolis Neighborhood of Indianapolis, IN.
See all Apartments in IndianapolisExplore Indianapolis
Downtown Indianapolis, Indianapolis, IN Local Guide
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Largest Available Downtown Indianapolis Studio Apartments
The largest available Studio apartment unit in the Downtown Indianapolis area of Indianapolis, IN is found at The Vue and is listed at 931 square feet priced from $1,180. Here is today’s list of the largest available 2 Bedroom units in the area:
| Apartment Listing | Model Name | Square Footage | Priced From |
|---|---|---|---|
| The Vue | STUDIO APARTMENT | 931 Sq Ft | $1,180 |
| The Stella | Vega | 804 Sq Ft | $1,399 |
| Cosmopolitan on the Canal | New York | 717 Sq Ft | $1,396 |
| Rise on Meridian | The Abbi | 708 Sq Ft | $1,514 |
| Pulliam Square | Chronicle | 683 Sq Ft | $1,408 |
| Lockerbie Flats | Studio | 676 Sq Ft | $1,095 |
| Lofts on Madison | Studio | 675 Sq Ft | $1,099 |
| Lockerbie Lofts | The Crane | 667 Sq Ft | $1,609 |
| Forte Apartments | C- Studio | 633 Sq Ft | $1,390 |
| The Grounds | The Chignon | 620 Sq Ft | $1,329 |
Cheapest Available Downtown Indianapolis Studio Apartments
Currently the lowest priced Studio apartment unit Downtown Indianapolis of Indianapolis, IN is the Studio Hybrid Model starting from $700 at The Sheldrake Apartments. The average price for all Studio apartments in Downtown Indianapolis is currently $1,255. Here is today’s list of the cheapest available Studio options in the area:
| Apartment Listing | Model Name | Priced From |
|---|---|---|
| The Sheldrake Apartments | Studio Hybrid | $700 |
| INDY FLATS | Sherwood Std D | $705 |
| St. Agnes Apartments | 5th Floor Studio Large | $785 |
| Priscilla on Pennsylvania | Studio- 1st Floor Corner | $899 |
| Senate Manor | S.1 C | $930 |
| Circle City Apartments | Winterhouse Studio 410 | $995 |
| Gathyr Apartments | Bell | $999 |
| Artistry Indy | Edie (EcoSuite) | $1,040 |
| Mozzo apartments | 7180A2 - Muzio Studio - 596 sqft | $1,049 |
| The Congress at Library Square | Dickenson | $1,084 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
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Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
Read ArticleYour Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters
Learn About the Best Neighborhoods to Rent Near College Campuses in Indianapolis, IN | Find Charlotte Indianapolis Student Housing at ApartmentHomeLiving.com
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Pet Friendly LifestyleDowntown Indianapolis, Indianapolis, IN
Ranked #1
Among cities in Indiana for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Lifestyle Ratings
ApartmentHomeLiving brings you Lifestyle Ratings of rentals and neighborhoods across the USA, including Indianapolis. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including filtering automatically for convenient access to the outdoors, luxury housing options, apartment complexes for the kids, raising pets, transit options, and how walkable or bikeable each community and area is. Find Lifestyle Search in the filter options (above). Happy Searching!
Frequently Asked Questions about Studio Downtown Indianapolis Apartments
What is the Cheapest apartment in Downtown Indianapolis with Studio?
Currently the most affordable Studio in Downtown Indianapolis is at The Sheldrake Apartments listed at $700.
How much is the average rent for a Studio Downtown Indianapolis Apartment?
The average rent for a Studio Apartment in Downtown Indianapolis is $1,255.
What is the largest available Studio Downtown Indianapolis Apartment for rent?
Today's apartment with the most square footage in Downtown Indianapolis is a 931 square feet unit starting from $1,180 at The Vue.
What is the average size for Downtown Indianapolis Studio Apartments for rent?
The average size for a Studio rental in Downtown Indianapolis is currently 533 sq ft.
Expert Rental Resources
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.
Helpful Local Expert Guides

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.

Your Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters
Written by: Wendy Melton
Indianapolis is well-known for being one of the top college cities in the country. Local colleges and universities are ranked in the Top 10 when it comes to sports and academic excellence.

Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods
Written by: Wendy Melton
My name is Wendy, and I've lived in Indiana for most of my life. Indianapolis is our state capital, and many people consider it the heart of the Midwest. People come from all around to explore everything Indianapolis has to offer.
Articles, How-To's, and Tips

How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!













