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Dayton Ave & Fletcher Ave, IN (id.1125)
(470) 837-3335
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North Goodlet Ave & W St Clair St, IN (id.1135)
(470) 391-0502
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North Hartman Drive & E 48th St, IN (id.1123)
(470) 391-0502
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East 21st St & N Colorado Ave, IN (id.1136)
(470) 460-6129
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Meridian Towers Apartments
(812) 505-3484
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Covington Square Apartments
(317) 247-7330
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The Enclave At Meridian Apartments
(574) 475-7311
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Marten Court Apartments
(463) 300-6563
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The Woods At Oak Crossing
(317) 924-1211
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Capital Place Apartments
(317) 784-2595
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Woodhaven Park Apartments
(317) 293-6330
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Estates At Crystal Bay
(317) 291-1017
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Braeburn Village Apartments
(317) 739-4950
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202 Steeples Blvd
(463) 230-6071
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Indy Flats
(317) 653-3340
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Lakeside Point At Nora
(317) 844-9991
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Speedway Fisher Apartments
(844) 966-7368
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Haciendas Apartments
(317) 220-8921
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25 S Emerson Ave
(317) 666-9431
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3612 W 16Th St
(317) 961-3452
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1413 East Washington Street
(317) 441-5250
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Madison Lofts
(317) 409-3913
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3605-3609 Balsam
(463) 209-6775
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Westside Office Space
(317) 794-2064
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26 E 14Th St
(317) 754-9395
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Newly Remodeled Efficiency In Irvington
(317) 254-8888
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Sundance At The Crossings Apartments
(317) 885-7368
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Country Lake Townhomes
(317) 898-2900
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1040 Fairfield Ave
(317) 879-5222
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Heritage Place At Parkview Apartment Homes
(317) 897-6821
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Apartments Under $600 in Indianapolis, IN

1 of 33 Results
13
$580
PER
ROOM
Dayton Ave & Fletcher Ave, IN (id.1125)
Indianapolis, IN
1 BR | Available Now
Contact
Heat Included
Furnished
Air Conditioning
Surface Parking
Disability Access
10
$520 - 612
PER
ROOM
North Goodlet Ave & W St Clair St, IN (id.1135)
Indianapolis, IN
1 BR | Available Now
Contact
Heat Included
Furnished
Air Conditioning
Surface Parking
Disability Access
8
$560 - 580
PER
ROOM
North Hartman Drive & E 48th St, IN (id.1123)
Indianapolis, IN
1 BR | Available Now
Contact
Heat Included
Furnished
Air Conditioning
Surface Parking
Disability Access
13
$540 - 560
PER
ROOM
East 21st St & N Colorado Ave, IN (id.1136)
Indianapolis, IN
1 BR | Available Now
Contact
Heat Included
Furnished
Air Conditioning
Surface Parking
Disability Access
14
$519 - 549
Meridian Towers Apartments
3710 N Meridian St Indianapolis, IN
Studio | Available Now
Contact
Heat Included
Dog Friendly
Cat Friendly
Air Conditioning
Fitness Center
12
$549 - 599
Covington Square Apartments
Deal
115 S. High School Rd. Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Balcony, Deck, Patio
Dishwasher
25
$458
The Enclave At Meridian Apartments
3.2
3777 N Meridian St Indianapolis, IN
Studio | Available Now
Contact
Income Restricted
Fitness Center
Dishwasher
42
$550
Marten Court Apartments
3.4
7852 Marten Ct Indianapolis, IN
1 BR | May. 1, 2023
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
Balcony, Deck, Patio
2
3D Tour
$544
The Woods At Oak Crossing
Deal
2.0
3120 Nobscot Dr Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Virtual Tour
Air Conditioning
Covered Parking
2
$540 - 580
Capital Place Apartments
4100 Continental Ct Indianapolis, IN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
In Unit Laundry
Balcony, Deck, Patio
Storage
18
3D Tour
$555 - 595
Woodhaven Park Apartments
4.0
6363 Commons Dr Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Balcony, Deck, Patio
Dishwasher
7
$549
Estates At Crystal Bay
7136 East Crystal Bay Drive Indianapolis, IN
1 BR | Ask for Availability
Contact
Dog Friendly
Cat Friendly
Surface Parking
Balcony, Deck, Patio
Dishwasher
9
$561 - 595
Braeburn Village Apartments
3.4
2170 Braeburn East Drive Indianapolis, IN
1 - 2 BR | Ask for Availability
Contact
Dog Friendly
Cat Friendly
Covered Parking
Balcony, Deck, Patio
Storage
5
$550
202 Steeples Blvd
Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Balcony, Deck, Patio
Storage
Disability Access
25
$549 - 599
Indy Flats
2.0
1304 N. Delaware Street Indianapolis, IN
Studio | Ask for Availability
Contact
Dog Friendly
Cat Friendly
Income Restricted
Section 8
Fitness Center
12
3D Tour
$449 - 599
Lakeside Point At Nora
Deal
9000 N College Avenue Indianapolis, IN
Studio - 1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Balcony, Deck, Patio
Pool
9
$600
Speedway Fisher Apartments
5125 W 10Th St Indianapolis, IN
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
Balcony, Deck, Patio
Storage
Disability Access
9
$520 - 525
Haciendas Apartments
3816 Trilbey Dr Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Section 8
Air Conditioning
Surface Parking
11
$599
25 S Emerson Ave
Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
5
$600
3612 W 16Th St
Indianapolis, IN
Studio | Available Now
Contact
4
$600
1413 East Washington Street
Indianapolis, IN
Studio | Apr. 1, 2023
Contact
9
$ Ask - 1,230
Madison Lofts
1430 & 1420 Madison Ave. Indianapolis, IN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
In Unit Laundry
Balcony, Deck, Patio
1
$600
3605-3609 Balsam
Indianapolis, IN
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
Balcony, Deck, Patio
Storage
Dishwasher
7
$475
Westside Office Space
650 N Girls School RD Indianapolis, IN
Studio | Ask for Availability
Contact
Air Conditioning
3
$575
26 E 14Th St
Indianapolis, IN
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
Disability Access
Dishwasher
Old Northside
2
$595
Newly Remodeled Efficiency In Irvington
5824 E Washington St Indianapolis, IN
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
Balcony, Deck, Patio
Storage
Disability Access
22
$ Ask - 1,124
Sundance At The Crossings Apartments
7213 Sundance Drive Indianapolis, IN
1 BR | Jul. 7, 2023
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Balcony, Deck, Patio
Fitness Center
19
$ Ask - 1,689
Country Lake Townhomes
2910 A White Knight Blvd Indianapolis, IN
2 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Balcony, Deck, Patio
Dishwasher
1
$575 - 599
1040 Fairfield Ave
Indianapolis, IN
Studio - 1 BR | Available Now
Contact
Balcony, Deck, Patio
Storage
Disability Access
Dishwasher
Mapelton
$456
Heritage Place At Parkview Apartment Homes
Deal
9201 E. 46Th Street Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Fitness Center
Dishwasher
1 - 30 of 33 Results
  1. Home
  2. Indianapolis
  3. Apartments Under $600

How much does it cost to rent an apartment in Indianapolis?

Indianapolis Apartments
Bed Type Average Rent Range
Studio $840 $520 - $1,520
1BR $980 $650 - $1,630
2BR $1,100 $730 - $1,910
3BR $1,400 $820 - $2,280
4+BR $1,550 $830 - $3,200
Frequently Asked Questions

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

Rentable.co has over 46,627 apartments available in Indianapolis.

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

The average rent for a studio apartment in Indianapolis is around $840 per month.

What is the average rent for a one-bedroom apartment in Indianapolis, IN?

The average rent for a one-bedroom apartment in Indianapolis is around $980 per month.

What is the average rent for a two-bedroom apartment in Indianapolis, IN?

The average rent for a two-bedroom apartment in Indianapolis is around $1,100 per month.

How expensive is living in Indianapolis, IN?

Based on average rent prices in Indianapolis, to afford a studio apartment you would need an annual salary of $34,000 to live comfortably.

How many apartments under $600 are available in Indianapolis, IN on Rentable.co?

Rentable.co has 33 apartments under $600 available for rent in Indianapolis.

Which neighborhoods have the most apartments under $600 for rent in Indianapolis, IN?

  1. Old Northside
  2. Upper Canal
  3. Downtown Indianapolis
  4. Woodruff Place
  5. St Joseph

Asset 2
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Apartments by Affordability
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Indianapolis:
March Rent Report

Welcome to the March 2023 Indianapolis Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the March 2023 key findings and figures for the Indianapolis rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Indianapolis and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Indianapolis average rent prices in the chart below.

Monthly Rent Report

Indianapolis Rent Prices Increase From February to March

Indianapolis rent prices increased over the last month. From February to March, the city experienced a 0.21% increase for the price of a one-bedroom apartment. The rent price for a Indianapolis one-bedroom apartments currently stands at $944.0.

When we take a look at the two-bedroom comparison from February to March, Indianapolis experienced a -1.46% decrease for the price of a two-bedroom apartment. The rent price for a Indianapolis two-bedroom apartments currently stands at $1,216.0.

March Prices: Indianapolis vs. Surrounding Areas

Rent Prices in Indianapolis and Surrounding Areas

Rent prices have increased in Indianapolis over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 2 of the Indianapolis suburbs increased last month. On the other hand, 4 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rent increased in Greenwood, IN, Camby, IN .

  • Rent decreased in Carmel, IN, Westfield, IN, Noblesville, IN, Lawrence, IN.

  • 4 suburbs are currently priced higher than the city of Indianapolis.

  • 2 suburbs are currently priced lower than the city of Indianapolis.

March 2023 Pricing Trends: Indianapolis vs. National Comparisons

Indianapolis Rent Prices More Affordable Than Major Cities

Rent growth in Indianapolis over the past year has been on the rise. When compared to major cities nearby, along with some of the most expensive cities in the country, Indianapolis average rent prices appear to be relatively affordable for local residents.

The price for a Indianapolis one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Indianapolis and surrounding area rent prices, take a look at the complete data set below.

Data set for Indianapolis and suburbs

1 BR March 1 BR M/M % Change 2 BR March 2 BR M/M % Change
Indianapolis, IN $942.0 -0.42% $1,234.0 -2.06%
Carmel, IN $1,431.0 -0.49% $1,635.0 -1.86%
Greenwood, IN $915.0 2.58% $1,311.0 -1.58%
Westfield, IN $1,336.0 -7.29% $1,702.0 -2.69%
Noblesville, IN $1,195.0 0.00% $1,621.0 -0.12%
Lawrence, IN $850.0 0.00% $995.0 0.00%
Camby, IN $1,101.0 1.01% $1,448.0 0.28%

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.