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Cheap Apartments in Indianapolis, IN

1 - 30 of 208 Results
63
$924
PER
ROOM
The Avenue
940 W 10th St Indianapolis, IN
4 BR | Available Now
Contact
Furnished
Dog Friendly
Cat Friendly
Student
Luxury
22
3D Tour
$315
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
21
3D Tour
$300
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 - 315
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
$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
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
21
$895
S Farnsworth St
Indianapolis, IN
1 BR | Ask for Availability
Contact
26
$925
Marten Court Apartments
3.4
7852 Marten Ct Indianapolis, IN
1 - 2 BR | Available Now
Contact
Balcony/Deck/Patio
Dishwasher
8
$788
N Keystone Ave
Indianapolis, IN
1 BR | Ask for Availability
Contact
11
$660
Maywood Rd
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
$699 - 849
5911 W 25th St
Indianapolis, IN
Studio - 1 BR | Nov. 13, 2026
Contact
Dog Friendly
Cat Friendly
Storage
Disability Access
1
$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 | Jan. 11, 2027
Contact
Dog Friendly
Cat Friendly
Fitness Center
17
$899
Charming 1 Bed 1 Bath Apartments In Historic Irvington Neighborhood
5901 E Washington St Apt 37 Indianapolis, IN
1 BR | Available Now
Contact
Dishwasher
1
$700 - 850
Pilgrim
1015 W 31St St Indianapolis, IN
Studio - 2 BR | Available Now
Contact
Storage
Dishwasher
8
$725 - 885
Maple Court Apartments - Where City Convenience Meets Neighborhood Charm!
3524 N Pennsylvania St Indianapolis, IN
Studio - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Disability Access
Mapelton
5
$753 - 898
Balsam Avenue Apartments - The Courts
3605-3609 Balsam Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Fitness Center
11
$569 - 703
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
49
$820 - 930
Timber Point Apartments
Deal
6201 Newberry Rd Indianapolis, IN
1 - 2 BR | Nov. 13, 2026
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
Surface Parking
75
$895
Bellagio West Living I
7455 Rockleigh Ave Indianapolis, IN
1 BR | Ask for Availability
Contact
Dog Friendly
Cat Friendly
Storage
Dishwasher
9
$885
Reserve At White River
3.8
2774 Pixel Road Indianapolis, IN
1 BR | Available Now
Dog Friendly
Cat Friendly
Senior Community
Luxury
Air Conditioning
5
$684 - 894
5730 E Washington
Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
47
$846 - 1,273
Bavarian Village Apartments
3001 Bavarian West Dr Indianapolis, IN
Studio | Feb. 5, 2027
Contact
Air Conditioning
Surface Parking
Balcony/Deck/Patio
Fitness Center
Dishwasher
5
$800 - 876
Balsam Avenue Apartments - The Villages
3520-3534 E Fall Creek Pkwy Indianapolis, IN
Studio | Nov. 14, 2026
Contact
Dog Friendly
Cat Friendly
8
$765 - 875
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
8
$770
37 - 57 E 38TH STREET, BARRINGTON APARTMENTS
Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Storage
Disability Access
5
$795 - 900
Butler Place
5230 E Washington St Indianapolis, IN
Studio - 1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Fitness Center
63
$839 - 1,474
CityView on Meridian
Deal
3.4
3801 N. Meridian St Indianapolis, IN
1 BR | Available Now
Contact
Luxury
Air Conditioning
Covered Parking
Balcony/Deck/Patio
Fitness Center
8
$630 - 647
Central State Mansion
202 Steeples Blvd Indianapolis, IN
Studio | Nov. 28, 2026
Contact
Dog Friendly
Cat Friendly
Fitness Center
1 - 30 of 208 Results
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Frequently Asked Questions

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

There are 208 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 640 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: November Rental Information

Welcome to the November 2026 Indianapolis Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the November 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 $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
26
The chart above displays the number of available cheap apartments in Indianapolis, IN, and the surrounding cities as of November, 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 November M/M % Change
Indianapolis, IN 26 +1.07%
Greenfield, IN 1 +0.5%
Lebanon, IN 1 +0.75%
Greenwood, IN 1 +1.0%
Noblesville, IN 1 +1.0%
Plainfield, IN 1 +1.0%

Looking for Cheap Apartments in Indianapolis?

Available cheap apartments 1,159
Top amenities Fitness Center, In Unit Laundry, Microwave, High Speed Internet, Package Receiving
Deals 35
Pet friendly 40
Utilities included 9
Studio 14
1 Bedroom 29
2 Bedroom 18

Where are Cheap Indianapolis Apartments?

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