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Cheap Apartments in Indianapolis, IN

1 - 30 of 204 Results
20
$866
Forty-Six Flats
2511 E 46th St Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
Income Restricted
Surface Parking
17
$890
Woodbrook
4.2
5302 Woodbrook Dr Indianapolis, IN
1 BR | Aug. 20, 2026
Contact
Dog Friendly
Cat Friendly
Luxury
Air Conditioning
Covered Parking
20
3D Tour
$310 - 435
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
21
3D Tour
$295 - 430
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
$300 - 360
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
18
3D Tour
$345
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
22
3D Tour
$375 - 470
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
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
9
$737
S Keystone Ave
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
1
$830 - 900
6933 Buckridge West Dr
Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Section 8
Fitness Center
Storage
1
$849
5911 W 25th St
Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Disability Access
8
$819
Harrison Point Apartments
9093 E Bourbon St Indianapolis, IN
Studio | Aug. 17, 2026
Contact
Dog Friendly
Cat Friendly
Fitness Center
0
$850 - 899
English Village Apartments
545 English Village Dr Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Balcony/Deck/Patio
46
$848 - 1,105
Waterstone Place Apartments
2755 Merlin Lake Drive Indianapolis, IN
1 BR | Aug. 28, 2026
Contact
Air Conditioning
Covered Parking
Balcony/Deck/Patio
Dishwasher
Pool
25
$458
The Enclave At Meridian Apartments
3.2
3777 N Meridian St Indianapolis, IN
Studio | Available Now
Income Restricted
Fitness Center
Dishwasher
11
$725
Biltmore Apartments
3540 N Meridian St Indianapolis, IN
Studio | Oct. 1, 2026
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Storage
Disability Access
8
$755 - 875
Shortridge Apartments
3601 N Meridian St Indianapolis, IN
1 - 2 BR | Sep. 18, 2026
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Storage
Disability Access
8
$760 - 784
The Bauer Apartments
3720 N Meridian St Indianapolis, IN
1 BR | Aug. 17, 2026
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Storage
Disability Access
19
$742 - 828
Historic Audubon Court
5703 E Washington Indianapolis, IN
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
8
$750
3726 N MERIDIAN STREET 3726 N MERIDIAN STREET
Indianapolis, IN
1 BR | Sep. 17, 2026
Contact
Dog Friendly
Cat Friendly
Surface Parking
Storage
Disability Access
8
$790 - 819
172 - Shamrock Apartments
2430 E Kelly St Indianapolis, IN
1 BR | Oct. 14, 2026
Contact
Dog Friendly
Cat Friendly
Section 8
Air Conditioning
Storage
8
$770
Stanton Apartments
3536 N Meridian St Indianapolis, IN
1 BR | Oct. 16, 2026
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Storage
Disability Access
5
$795 - 913
Piccadilly
28 E 16th St Indianapolis, IN
Studio - 1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Fitness Center
Herron Morton
82
$799 - 850
Trails At Lakeside
3836 Arbor Green Ln Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Fitness Center
Disability Access
Pool
6
$799
23 S Webster Ave
Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
29
$707 - 720
Morton School Senior
2101 N College Ave Indianapolis, IN
Studio - 1 BR | Available Now
Contact
Fitness Center
Kingpark
20
$888
Eagledale Senior
2930 Lafayette Rd Indianapolis, IN
Studio | Available Now
Contact
Surface Parking
In Unit Laundry
Fitness Center
Dishwasher
5
$795 - 895
Garden Pointe Apartments
5005 Lily Ln Indianapolis, IN
Studio - 1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
Fitness Center
11
$703 - 1,295
East Village at Avondale Meadows Apartments
3810 Cooper Square Court Indianapolis, IN
1 - 2 BR | Available Now
Contact
Luxury
Income Restricted
Section 8
Air Conditioning
In Unit Laundry
1 - 30 of 204 Results
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Frequently Asked Questions

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

There are 204 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 679 one-bedroom cheap apartments available for rent in Indianapolis.

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

Rentable.co has 555 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

Cheap Apartments in Indianapolis, IN: August Rental Information

Welcome to the August 2026 Indianapolis Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the August 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 17 35 52 70 <$700 $720 $760 $800 $840 $880 $920 $960 $1,000 $1,040 $1,080 $1,120 $1,160 $1,200 $1,240 $1,280 $1,320 $1,360 $1,400 $1,440 $1,480

Available Cheap Apartments: Indianapolis vs. Surrounding Areas

Indianapolis, IN
29
The chart above displays the number of available cheap apartments in Indianapolis, IN, and the surrounding cities as of August, 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 32, 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 August M/M % Change
Indianapolis, IN 30 +0.96%
Noblesville, IN 1 +1.12%
Greenwood, IN 1 +1.0%
Plainfield, IN 1 +0.8%
Lebanon, IN 0 +1.0%
Whitestown, IN 0 +1.0%

Looking for Cheap Apartments in Indianapolis?

Available cheap apartments 1,556
Top amenities Fitness Center, Refrigerator, Microwave, High Speed Internet, Package Receiving
Deals 50
Pet friendly 42
Utilities included 13
1 Bedroom 39
2 Bedroom 21
3 Bedroom 17

Where are Cheap Indianapolis Apartments?

Top Neighborhoods Upper canal, Fletcher place, Downtown indianapolis
Upper Canal 3
Fletcher Place 2
Downtown Indianapolis 1
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