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Cheap Apartments in Indianapolis, IN

1 - 30 of 246 Results
8
$866
Forty-Six Flats
2511 E 46th St Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
Income Restricted
Surface Parking
35
3D Tour
$949
Lawrence Landing
4.4
6875 Faris Avenue Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Virtual Tour
Luxury
Air Conditioning
20
3D Tour
$475
PER
ROOM
Inviting urban haven with vintage charm and modern touches
Deal
1043 N Holmes Ave Indianapolis, IN
1 BR | Feb. 17, 2026
Contact
Heat Included
House
In Unit Laundry
20
3D Tour
$320
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
22
3D Tour
$300
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
21
3D Tour
$295
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
21
3D Tour
$370
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
22
3D Tour
$330 - 370
PER
ROOM
Tranquil Perry Township Home on a Quiet Cul-de-Sac
Deal
8109 Johnstown Ct Indianapolis, IN
1 BR | Available Now
Contact
Heat Included
House
In Unit Laundry
19
3D Tour
$390 - 445
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
22
3D Tour
$380 - 445
PER
ROOM
Charming Indianapolis home close to Fort Harrison State Park and trails
Deal
8027 N Richardt Ave Indianapolis, IN
1 BR | Available Now
Contact
Heat Included
House
In Unit Laundry
26
$925
Marten Court Apartments
3.4
7852 Marten Ct Indianapolis, IN
1 BR | Available Now
Contact
Balcony/Deck/Patio
Dishwasher
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
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
11
$699
Studio Apartment In Speedway!
5125 W 10th St Apt 12 Indianapolis, IN
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
17
$949
Charming 1 Bed 1 Bath Apartments In Historic Irvington Neighborhood
5901 E Washington St Apt 36 Indianapolis, IN
1 BR | Feb. 17, 2026
Contact
Dishwasher
0
$849
Spacious 1 Bed 1 Bath In The Heart Of Speedway!
5921 W 25th St Indianapolis, IN
1 BR | Available Now
Contact
0
$929 - 949
English Village Apartments
545 English Village Dr Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Balcony/Deck/Patio
1
$819
Harrison Point Apartments
9093 E Bourbon St Indianapolis, IN
Studio | Mar. 13, 2026
Contact
9
$774
Nola Court Apartments
N Indianola Ave Indianapolis, IN
1 BR | Feb. 20, 2026
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
Storage
11
$869
Sawmill Apartments
Deal
3708 Lickridge Lane Dr Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
22
$927
Lynhurst Park Apartments
2.6
3215 Joey Way Indianapolis, IN
1 BR | Available Now
Dog Friendly
Cat Friendly
Senior Community
Income Restricted
Air Conditioning
54
$855 - 875
Strawbridge Green
4649 Strawbridge St Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
Balcony/Deck/Patio
8
$774 - 925
3726 N MERIDIAN STREET 3726 N MERIDIAN STREET
Indianapolis, IN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Surface Parking
Storage
Disability Access
16
$875
Preston Pointe Senior Apartments
3.2
5910 E 12Th St Indianapolis, IN
1 BR | Available Now
Dog Friendly
Cat Friendly
Senior Community
Luxury
Income Restricted
13
$845 - 1,213
5220 Luzzane Ln
Indianapolis, IN
Studio | Feb. 27, 2026
Contact
Dog Friendly
Cat Friendly
Covered Parking
Surface Parking
Balcony/Deck/Patio
15
$794
Penn Plaza
3671 N Pennsylvania St Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Storage
Disability Access
15
$835 - 875
Lakes At Crossbridge
2.8
7925 Crossbridge Dr Downtown Indianapolis, IN
1 - 2 BR | Available Now
Dog Friendly
Cat Friendly
Income Restricted
Air Conditioning
Fitness Center
37
$950
Live In Style At Meridian Living I
3310 N Meridian St Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
49
$910 - 940
Timber Point Apartments
6201 Newberry Rd Indianapolis, IN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
Surface Parking
8
$765 - 825
St. Agnes Apartments
1350 N Meridian Street St Indianapolis, IN
Studio - 1 BR | Available Now
Contact
Cat Friendly
Air Conditioning
Storage
Disability Access
Old Northside
1 - 30 of 246 Results
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Frequently Asked Questions

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

There are 246 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 53 studio cheap apartments available for rent in Indianapolis.

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

Rentable.co has 533 one-bedroom cheap apartments available for rent in Indianapolis.

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

Rentable.co has 497 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. Fletcher Place
  3. Downtown Indianapolis
  4. Herron Morton

Cheap Apartments in Indianapolis, IN: February Rental Information

Welcome to the February 2026 Indianapolis Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the February 2026 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
28
The chart above displays the number of available cheap apartments in Indianapolis, IN, and the surrounding cities as of February, 2026. 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 30, 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 February M/M % Change
Indianapolis, IN 28 +0.93%
Greenwood, IN 1 +1.0%
Noblesville, IN 1 +1.0%

Looking for Cheap Apartments in Indianapolis?

Available cheap apartments 1,162
Top amenities Fitness Center, In Unit Laundry, Refrigerator, Range / Oven, High Speed Internet
Deals 23
Pet friendly 45
Utilities included 13
Studio 13
1 Bedroom 29
2 Bedroom 20

Where are Cheap Indianapolis Apartments?

Top Neighborhoods Upper canal, Fletcher place, Downtown indianapolis, Herron morton
Upper Canal 4
Fletcher Place 2
Downtown Indianapolis 1
Herron Morton 1
Browse Indianapolis Apartments
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