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Cheap Apartments in Indianapolis, IN

1 - 30 of 184 Results
16
$784 - 1,078
Fields Apartments
3215 N Alton Ave Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Balcony/Deck/Patio
Dishwasher
15
$720 - 1,078
Vineyards Apartments
10101 E Montery RD Indianapolis, IN
Studio - 1 BR | May. 1, 2024
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
Balcony/Deck/Patio
28
$550 - 739
34 North Apartments
3402 N Meridian St Indianapolis, IN
Studio - 1 BR | Available Now
Contact
Income Restricted
Air Conditioning
Fitness Center
Storage
15
$754 - 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
15
$656 - 1,243
Meadows Apartments
5505 Scarlet Drive Indianapolis, IN
Studio - 1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Covered Parking
Balcony/Deck/Patio
Storage
13
$658 - 1,106
Courts Apartments
4417 Linwood Ct Indianapolis, IN
1 - 2 BR | Available Now
Contact
Heat Included
Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
14
$707 - 1,102
Prairies Apartments
4555 N Arlington Ave Indianapolis, IN
1 BR | May. 20, 2024
Contact
Dog Friendly
Cat Friendly
Townhome
Covered Parking
Balcony/Deck/Patio
14
$705 - 770
Meridian Towers Apartments
3710 N Meridian St Indianapolis, IN
1 BR | Available Now
Contact
Heat Included
Dog Friendly
Cat Friendly
Air Conditioning
Fitness Center
23
$636 - 1,051
Groves Apartments
5018 Lemans Dr Indianapolis, IN
Studio - 1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Covered Parking
Balcony/Deck/Patio
Fitness Center
25
$458 - 759
The Enclave At Meridian Apartments
3.2
3777 N Meridian St Indianapolis, IN
Studio - 1 BR | Available Now
Contact
Income Restricted
Fitness Center
Dishwasher
24
$600 - 829
Marten Court Apartments
Deal
3.4
7852 Marten Ct Indianapolis, IN
1 - 2 BR | Available Now
Contact
Dishwasher
12
$700 - 800
Stone Lake
Deal
2913 E Hanna Ave Indianapolis, IN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
23
$868
South & Madison
Deal
1834 Madison Village Dr Indianapolis, IN
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
Fitness Center
Dishwasher
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
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
11
$534 - 866
East Village at Avondale Meadows Apartments
Deal
3810 Cooper Square Court Indianapolis, IN
2 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
Income Restricted
Section 8
32
$854 - 869
Reflections Apartments
7999 Silverleaf Dr Indianapolis, IN
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
In Unit Laundry
20
$626 - 1,815
Indy Town Apartments
Deal
1.4
6046 E 21St Street, Suite 1B Management Office Indianapolis, IN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
Fitness Center
52
$650 - 799
Lake Castleton
Deal
3.6
7601 Carlton Arms Dr Indianapolis, IN
Studio - 1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
Covered Parking
Balcony/Deck/Patio
22
$869
549 Senate Ave
Indianapolis, IN
Studio | May. 6, 2024
Contact
Cat Friendly
Storage
Disability Access
Dishwasher
Upper Canal
12
$695
2844 2846 Dr Andrew J Brown Ave
Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Disability Access
6
$795
Central State Mansion
202 Steeples Blvd Indianapolis, IN
1 BR | Jul. 5, 2024
Contact
Dog Friendly
Cat Friendly
9
$850
1102-04 N Parker
Indianapolis, IN
2 BR | Ask for Availability
Contact
Storage
Disability Access
15
$775
Price Reduction- Charming 1 Bedroom 1 Bath On East Side - Available Now!!
4814 E 10th St Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Surface Parking
Storage
19
$770
Historic Audubon Court
5703 E Washington Indianapolis, IN
Studio | Jul. 10, 2024
Contact
Dog Friendly
Cat Friendly
9
$800
6028 Laurel Hall Dr
Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
6
$700
924 N Bradley Ave
Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
4
$675 - 750
The Courts On Monon (the Courts On Monon, Llc - Reverie Estates)
3605-3609 Balsam Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
16
$799
246 - 248 S Dearborn St
Indianapolis, IN
1 BR | Available Now
Contact
1 - 30 of 184 Results
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Frequently Asked Questions

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

There are 184 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 50 studio cheap apartments available for rent in Indianapolis.

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

Rentable.co has 215 one-bedroom cheap apartments available for rent in Indianapolis.

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

Rentable.co has 384 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: April Rental Information

Welcome to the April 2024 Indianapolis Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the April 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 20 40 60 80 <$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
35
3
The chart above displays the number of available cheap apartments in Indianapolis, IN, and the surrounding cities as of April, 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 45, 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 April M/M % Change
Indianapolis, IN 35 +1.02%
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 +1.2%
Brownsburg, IN 1 +1.0%
Carmel, IN 1 +1.0%

Looking for Cheap Apartments in Indianapolis?

Available cheap apartments 1,021
Top amenities Dishwasher, On Site Laundry, Refrigerator, Garbage Disposal, Range / Oven
Pet friendly 58
Utilities included 3
Studio 40
1 Bedroom 29
2 Bedroom 32
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