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Cheap Apartments in Indianapolis, IN

1 - 30 of 187 Results
21
3D Tour
$300
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
21
3D Tour
$300 - 315
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
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
22
3D Tour
$405
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
11
$745
Spruce St
Indianapolis, IN
1 BR | Ask for Availability
Contact
9
$737
S Keystone Ave
Indianapolis, IN
1 BR | Ask for Availability
Contact
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
1
$750 - 850
Pilgrim
1015 W 31St St Indianapolis, IN
Studio - 2 BR | Available Now
Contact
Storage
Dishwasher
1
$890 - 900
6933 Buckridge West Dr
Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Section 8
Fitness Center
Storage
8
$819
Harrison Point Apartments
9093 E Bourbon St Indianapolis, IN
Studio | Oct. 10, 2026
Contact
Dog Friendly
Cat Friendly
Fitness Center
5
$692 - 816
Balsam Avenue Apartments - The Courts
3605-3609 Balsam Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Fitness Center
11
$703
East Village at Avondale Meadows Apartments
3810 Cooper Square Court Indianapolis, IN
1 BR | Available Now
Contact
Luxury
Income Restricted
Section 8
Air Conditioning
In Unit Laundry
5
$875
Lincolnshire Apartments
6221 N College Ave Indianapolis, IN
Studio | Nov. 7, 2026
Contact
Dog Friendly
Cat Friendly
Surface Parking
Storage
Disability Access
44
$816 - 2,371
Arlington Green
Deal
1.4
6046 E 21st Street, Suite 1b Management Office Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
Fitness Center
5
$684 - 754
5730 E Washington
Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
8
$750
3726 N MERIDIAN STREET 3726 N MERIDIAN STREET
Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Surface Parking
Storage
Disability Access
54
$915
Strawbridge Green
Deal
4649 Strawbridge St Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
Balcony/Deck/Patio
32
$799 - 1,364
The Meridian
2100 Westlane Rd Indianapolis, IN
Studio - 2 BR | Sep. 27, 2026
Contact
Fitness Center
Pool
8
$760
The Bauer Apartments
3720 N Meridian St Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Storage
Disability Access
8
$755 - 875
Shortridge Apartments
3601 N Meridian St Indianapolis, IN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Storage
Disability Access
11
$725 - 804
Biltmore Apartments
3540 N Meridian St Indianapolis, IN
Studio - 1 BR | Oct. 2, 2026
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Storage
Disability Access
46
$880 - 1,141
Waterstone Place Apartments
2755 Merlin Lake Drive Indianapolis, IN
1 BR | Available Now
Contact
Air Conditioning
Covered Parking
Balcony/Deck/Patio
Dishwasher
Pool
47
$919 - 1,389
Bavarian Village Apartments
3001 Bavarian West Dr Indianapolis, IN
1 BR | Available Now
Contact
Air Conditioning
Surface Parking
Balcony/Deck/Patio
Fitness Center
Dishwasher
29
$699
Windmill
10251-10705 Us Hwy Indianapolis, IN
Studio | Nov. 11, 2026
Contact
Air Conditioning
Surface Parking
25
$458 - 916
The Enclave At Meridian Apartments
3.2
3777 N Meridian St Indianapolis, IN
Studio - 1 BR | Available Now
Income Restricted
Fitness Center
Dishwasher
5
$746 - 868
Balsam Avenue Apartments - The Villages
3520-3534 E Fall Creek Pkwy Indianapolis, IN
Studio - 1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
8
$815 - 875
St. Agnes Apartments
1350 N Meridian Street St Indianapolis, IN
1 BR | Available Now
Contact
Cat Friendly
Air Conditioning
Storage
Disability Access
Old Northside
9
$774
Nola Court Apartments
N Indianola Ave Indianapolis, IN
1 BR | Dec. 6, 2026
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
Storage
11
$849
Sawmill Apartments
Deal
3708 Lickridge Lane Dr Indianapolis, IN
1 BR | Available Now
Contact
Air Conditioning
1 - 30 of 187 Results
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Frequently Asked Questions

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

There are 187 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 67 studio cheap apartments available for rent in Indianapolis.

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

Rentable.co has 681 one-bedroom cheap apartments available for rent in Indianapolis.

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

Rentable.co has 540 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: September Rental Information

Welcome to the September 2026 Indianapolis Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the September 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 12 25 37 50 <$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 September, 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 29, 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 September M/M % Change
Indianapolis, IN 29 +1.02%
Greenwood, IN 1 +1.0%
Noblesville, IN 1 +1.14%
Plainfield, IN 1 +1.0%
Lebanon, IN 1 -1.0%
Westfield, IN 0 +1.0%
Whitestown, IN 0 +1.0%

Looking for Cheap Apartments in Indianapolis?

Available cheap apartments 1,302
Top amenities Fitness Center, Dishwasher, In Unit Laundry, Refrigerator, Package Receiving
Deals 39
Pet friendly 38
Utilities included 11
Studio 14
1 Bedroom 35
2 Bedroom 21

Where are Cheap Indianapolis Apartments?

Top Neighborhoods Upper canal, Fletcher place, Downtown indianapolis, Herron morton
Upper Canal 5
Fletcher Place 2
Downtown Indianapolis 1
Herron Morton 1
Browse Indianapolis Apartments
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