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Cheap Apartments in Indianapolis, IN

1 - 30 of 178 Results
4
$750
Zwingley St
Indianapolis, IN
1 BR | Ask for Availability
Contact
9
$788
Meredith Ave
Indianapolis, IN
1 BR | Ask for Availability
Contact
21
$750
S Farnsworth St
Indianapolis, IN
1 BR | Ask for Availability
Contact
2
$540 - 799
Capital Place Apartments
4100 Continental Ct Indianapolis, IN
1 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
In Unit Laundry
Balcony/Deck/Patio
Storage
2
3D Tour
$544 - 804
The Woods At Oak Crossing
Deal
2.7
3120 Nobscot Dr Indianapolis, IN
1 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Virtual Tour
Air Conditioning
Covered Parking
12
$549 - 899
Covington Square Apartments
Deal
115 S. High School Rd. Indianapolis, IN
1 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Balcony/Deck/Patio
Dishwasher
14
$739 - 1,061
Prairies Apartments
4555 N Arlington Ave Indianapolis, IN
1 BR | May. 16, 2024
Contact
Dog Friendly
Cat Friendly
Townhome
Covered Parking
Balcony/Deck/Patio
15
$824 - 1,209
Cedars Apartments
3417 N Rybolt Ave Indianapolis, IN
Studio - 1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Covered Parking
17
$859 - 1,113
Hills Apartments
5500 Pleasant Hill Circle Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Balcony/Deck/Patio
Fitness Center
Dishwasher
16
$790 - 1,099
Fields Apartments
3215 N Alton Ave Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Balcony/Deck/Patio
Dishwasher
15
$718 - 857
Lakes At Crossbridge
2.8
7925 Crossbridge Dr Downtown Indianapolis, IN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Income Restricted
Air Conditioning
Fitness Center
25
$458 - 818
The Enclave At Meridian Apartments
3.2
3777 N Meridian St Indianapolis, IN
Studio - 1 BR | Available Now
Contact
Income Restricted
Fitness Center
Dishwasher
28
$753 - 798
34 North Apartments
3402 N Meridian St Indianapolis, IN
Studio - 1 BR | Available Now
Contact
Income Restricted
Air Conditioning
Fitness Center
Storage
15
$644 - 1,045
Meadows Apartments
5505 Scarlet Drive Indianapolis, IN
Studio - 1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Covered Parking
Balcony/Deck/Patio
Storage
12
$830 - 1,154
Vistas Apartments
1366 N Arlington Ave Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Covered Parking
Balcony/Deck/Patio
Storage
13
$658 - 1,138
Courts Apartments
4417 Linwood Ct Indianapolis, IN
1 - 2 BR | Available Now
Contact
Heat Included
Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
14
$629 - 770
Meridian Towers Apartments
3710 N Meridian St Indianapolis, IN
Studio - 1 BR | Available Now
Contact
Heat Included
Dog Friendly
Cat Friendly
Air Conditioning
Fitness Center
23
$612 - 1,020
Groves Apartments
5018 Lemans Dr Indianapolis, IN
Studio - 1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Covered Parking
Balcony/Deck/Patio
Fitness Center
15
$721 - 989
Vineyards Apartments
10101 E Montery RD Indianapolis, IN
Studio | Jun. 18, 2024
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
Balcony/Deck/Patio
9
$848
Reserve At White River
3.8
2774 Pixel Road Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Senior Community
Luxury
Air Conditioning
12
$700 - 800
Stone Lake
Deal
2913 E Hanna Ave Indianapolis, IN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
24
$600 - 829
Marten Court Apartments
3.4
7852 Marten Ct Indianapolis, IN
1 - 2 BR | Available Now
Contact
Dishwasher
23
$868
South & Madison
Deal
1834 Madison Village Dr Indianapolis, IN
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
Fitness Center
Dishwasher
11
$730
217 - Stanton
3536 N Meridian St Indianapolis, IN
1 BR | Jul. 16, 2024
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Storage
Disability Access
4
$799 - 859
165 - Dawson Village Apartments
2469 S Dawson St Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Surface Parking
Storage
Disability Access
13
$745
172 - Shamrock Apartments
2430 E Kelly St Indianapolis, IN
1 BR | May. 24, 2024
Contact
Dog Friendly
Cat Friendly
Section 8
Air Conditioning
Storage
6
$795
Central State Mansion
202 Steeples Blvd Indianapolis, IN
1 BR | Jun. 20, 2024
Contact
Dog Friendly
Cat Friendly
19
$765
2332 Prospect St
Indianapolis, IN
1 BR | Available Now
Contact
16
$799
246 - 248 S Dearborn St
Indianapolis, IN
1 BR | Available Now
Contact
4
$800
Highland Pointe Apartments
5480 Michigan Rd Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
Storage
1 - 30 of 178 Results
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Frequently Asked Questions

How many cheap apartments are available in Indianapolis, IN on Rentable.co?

There are 178 cheap apartments in Indianapolis currently available for rent on Rentable.co.

What is the average rent for a cheap apartment in Indianapolis, IN?

The average monthly rent for a cheap apartment in Indianapolis is about $300.

How many studio cheap apartments are available in Indianapolis?

Rentable.co has 47 studio cheap apartments available for rent in Indianapolis.

How many one-bedroom cheap apartments are available in Indianapolis?

Rentable.co has 136 one-bedroom cheap apartments available for rent in Indianapolis.

How many two-bedroom cheap apartments are available in Indianapolis?

Rentable.co has 289 two-bedroom cheap apartments available for rent in Indianapolis.

Can I afford a cheap apartment in Indianapolis, IN?

To comfortably afford a cheap apartment in Indianapolis based on average rent prices, a household would need an annual income of $12,000.

Which neighborhoods have the most cheap apartments for rent in Indianapolis, IN?

  1. Downtown Indianapolis
  2. Upper Canal

Cheap Apartments in Indianapolis, IN: May Rental Information

Welcome to the May 2024 Indianapolis Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the May 2024 key findings and figures for the Indianapolis rental landscape.

Our experts analyze the inventory trends for apartments with affordable prices — overall market rent-distribution, availability by bedroom count, and month-over-month comparisons — in Indianapolis and surrounding areas. This summary also provides insights into available features and amenities, as well as location options for cheap apartments in Indianapolis.

Renters looking for affordable housing options will find valuable information in this report to help them make informed decisions about their next rental in Indianapolis. Keep reading to discover the current rent prices and availability for cheap apartments in Indianapolis.
0 22 45 67 90 <$700 $740 $820 $900 $980 $1,060 $1,140 $1,220 $1,300 $1,380 $1,460 $1,540 >$1,620

Available Cheap Apartments: Indianapolis vs. Surrounding Areas

Indianapolis, IN
Greenwood, IN
36
3
The chart above displays the number of available cheap apartments in Indianapolis, IN, and the surrounding cities as of May, 2024. This information is valuable for individuals searching for affordable housing options in this area. The chart includes data for nearby cities, Westfield, Speedway, Whiteland, Cumberland, Avon, Danville, Plainfield, McCordsville, Meridian Hills, Brownsburg, Fishers, Carmel, Noblesville, Greenfield, Lawrence, Greenwood, Lebanon, Bargersville, Camby, Cicero, North Salem, Whitestown, Zionsville, Fortville, Ingalls, Hendricks, Beech Grove, Pittsboro, and New Palestine, to provide a comprehensive overview of the affordable rental market in the Indianapolis metro area. The total inventory of available cheap apartments in the metro area is 33, giving prospective renters a good sense of the options available to them.

Cheap Apartments Now vs. Last Month: Indianapolis and Surrounding Areas

City Cheap Apartments in May M/M % Change
Indianapolis, IN 36 +0.98%
Greenwood, IN 3 +1.0%
Lebanon, IN 2 +1.0%
Avon, IN 1 +1.0%
Greenfield, IN 1 +1.0%
McCordsville, IN 1 +1.0%
Noblesville, IN 1 +1.0%
Brownsburg, IN 1 +1.0%
Carmel, IN 1 +1.0%

Looking for Cheap Apartments in Indianapolis?

Available cheap apartments 730
Top amenities Dishwasher, Refrigerator, Range / Oven, Microwave, High Speed Internet
Deals 10
Pet friendly 40
Utilities included 3
Studio 8
1 Bedroom 21
2 Bedroom 21
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