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Cheap Apartments in Indianapolis, IN

1 - 30 of 209 Results
13
$900
King's Reserve College Park - 55+ Senior
8810 Colby Blvd Indianapolis, IN
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
Senior Community
Air Conditioning
Balcony/Deck/Patio
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
12
$549 - 899
Covington Square Apartments
115 S. High School Rd. Indianapolis, IN
1 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Balcony/Deck/Patio
Dishwasher
11
$797
Evison St
Indianapolis, IN
1 BR | Ask for Availability
Contact
8
$745
N Keystone Ave
Indianapolis, IN
1 BR | Ask for Availability
Contact
10
$878
W Th St
Indianapolis, IN
1 BR | Ask for Availability
Contact
89
$713 - 1,611
The Pines at SoBro
5018 Lemans Dr Indianapolis, IN
Studio - 1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Covered Parking
Balcony/Deck/Patio
Fitness Center
14
$800 - 2,216
Riverside Apartments
2638 Cold Spring Manor Dr Indianapolis, IN
1 BR | May. 27, 2025
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
Dishwasher
16
3D Tour
$460 - 475
PER
ROOM
Updated Bancroft Beauty with Large Fenced Yard
Deal
1748 N Bancroft St Indianapolis, IN
1 BR | Available Now
Contact
Heat Included
House
In Unit Laundry
12
3D Tour
$415
PER
ROOM
Eastwind Court Haven with Modern Updates & Space to Grow
Deal
3321 Eastwind Ct Indianapolis, IN
1 BR | Available Now
Contact
Heat Included
House
In Unit Laundry
58
$835 - 1,632
Hills Apartments
5500 Pleasant Hill Circle Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Balcony/Deck/Patio
Fitness Center
Dishwasher
53
$825 - 1,592
Fields Apartments
3215 N Alton Ave Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Balcony/Deck/Patio
Dishwasher
39
$787 - 2,143
Courts Apartments
4417 Linwood Ct Indianapolis, IN
1 - 2 BR | Available Now
Contact
Heat Included
Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
13
3D Tour
$350 - 400
PER
ROOM
Indianapolis Classic with Vintage Charm and Modern Touches
Deal
1043 N Holmes Ave Indianapolis, IN
1 BR | Available Now
Contact
Heat Included
House
In Unit Laundry
12
3D Tour
$380
PER
ROOM
Historic Charm Meets Modern Comfort
Deal
1531 N Downey Ave Indianapolis, IN
1 BR | Available Now
Contact
Heat Included
House
In Unit Laundry
11
3D Tour
$360
PER
ROOM
Vibrant Indianapolis haven with retro charm and contemporary updates
Deal
6115 Redcoach Ln Indianapolis, IN
1 BR | Available Now
Contact
Heat Included
House
In Unit Laundry
44
$873 - 1,771
Cedars Apartments
3417 N Rybolt Ave Indianapolis, IN
1 BR | Jun. 12, 2025
Contact
Dog Friendly
Cat Friendly
Covered Parking
10
3D Tour
$475 - 590
PER
ROOM
Stylish Cruft Street Bungalow Near Fountain Square
Deal
1635 Cruft St Indianapolis, IN
1 BR | Available Now
Contact
Heat Included
House
In Unit Laundry
11
$916 - 1,971
Vineyards Apartments
10101 E Montery RD Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
Balcony/Deck/Patio
23
3D Tour
$354 - 415
PER
ROOM
Charming Indianapolis Bungalow Near Garfield Park
Deal
701 W Hanna Ave Indianapolis, IN
1 BR | Available Now
Contact
Heat Included
House
In Unit Laundry
14
3D Tour
$400 - 410
PER
ROOM
Goldenrod Drive Charmer with Large Backyard Oasis
Deal
1252 Goldenrod Dr Indianapolis, IN
1 BR | Available Now
Contact
Heat Included
House
In Unit Laundry
11
3D Tour
$330 - 550
PER
ROOM
Chic Indianapolis sanctuary with soaring ceilings and modern flair
Deal
8149 Trevellian Way Indianapolis, IN
1 BR | Available Now
Contact
Heat Included
House
In Unit Laundry
37
$703 - 1,799
Meadows Apartments
5505 Scarlet Drive Indianapolis, IN
Studio - 1 BR | Jul. 1, 2025
Contact
Dog Friendly
Cat Friendly
Covered Parking
Balcony/Deck/Patio
Storage
8
3D Tour
$415 - 510
PER
ROOM
Zen-inspired Indianapolis home with lush landscaping and peaceful vibes
Deal
3712 Oil Creek Dr Indianapolis, IN
1 BR | Available Now
Contact
Heat Included
House
In Unit Laundry
25
$700 - 929
Marten Court Apartments
3.4
7852 Marten Ct Indianapolis, IN
1 - 2 BR | Available Now
Contact
Dishwasher
11
$662 - 693
East Village at Avondale Meadows Apartments
3810 Cooper Square Court Indianapolis, IN
1 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
Income Restricted
Section 8
4
$725 - 825
The Courts On Monon
3605-3609 Balsam Indianapolis, IN
Studio - 1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
4
$900
Highland Pointe
5480 Michigan Rd Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
Storage
5
$825 - 930
Garden Pointe Apartments
5005 Lily Ln Indianapolis, IN
Studio - 1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
Fitness Center
7
$750
The Bauer Apartments
3720 N Meridian St Indianapolis, IN
1 BR | May. 30, 2025
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Storage
Disability Access
1 - 30 of 209 Results
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Frequently Asked Questions

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

There are 209 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 204 one-bedroom cheap apartments available for rent in Indianapolis.

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

Rentable.co has 308 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. Upper Canal
  2. Downtown Indianapolis

Cheap Apartments in Indianapolis, IN: May Rental Information

Welcome to the May 2025 Indianapolis Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the May 2025 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 $1,700 $1,780

Available Cheap Apartments: Indianapolis vs. Surrounding Areas

Indianapolis, IN
Greenwood, IN
22
3
The chart above displays the number of available cheap apartments in Indianapolis, IN, and the surrounding cities as of May, 2025. 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 21, 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 23 +0.92%
Greenwood, IN 3 +1.0%
Lebanon, IN 1 +1.0%
Noblesville, IN 1 +1.0%

Looking for Cheap Apartments in Indianapolis?

Available cheap apartments 429
Top amenities In Unit Laundry, Refrigerator, Central A / C, On Site Maintenance, Co Living
Deals 15
Pet friendly 20
Utilities included 16
Studio 6
1 Bedroom 22
2 Bedroom 11
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