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Cheap Apartments in Indianapolis, IN

1 - 30 of 200 Results
17
$910
Woodbrook
4.2
5302 Woodbrook Dr Indianapolis, IN
1 BR | Jun. 2, 2026
Contact
Dog Friendly
Cat Friendly
Luxury
Air Conditioning
Covered Parking
22
3D Tour
$350
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
22
3D Tour
$325
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
$355
PER
ROOM
Charming Indianapolis Bungalow Near Garfield Park
Deal
701 W Hanna Ave Indianapolis, IN
1 BR | May. 18, 2026
Contact
Heat Included
House
In Unit Laundry
21
3D Tour
$325 - 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
20
3D Tour
$370 - 475
PER
ROOM
Inviting urban haven with vintage charm and modern touches
Deal
1043 N Holmes Ave Indianapolis, IN
1 BR | Available Now
Contact
Heat Included
House
In Unit Laundry
22
3D Tour
$435
PER
ROOM
Charming Indianapolis home close to Fort Harrison State Park and trails
Deal
8027 N Richardt Ave Indianapolis, IN
1 BR | Jun. 5, 2026
Contact
Heat Included
House
In Unit Laundry
18
3D Tour
$355 - 375
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
8
$771
N 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
6
$849
Spacious 1 Bed 1 Bath In The Heart Of Speedway!
5921 W 25th St Indianapolis, IN
1 BR | Available Now
Contact
8
$819
Harrison Point Apartments
9093 E Bourbon St Indianapolis, IN
Studio | May. 29, 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
11
$849
Sawmill Apartments
3708 Lickridge Lane Dr Indianapolis, IN
1 BR | Available Now
Contact
Air Conditioning
9
$774 - 824
Nola Court Apartments
N Indianola Ave Indianapolis, IN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
Storage
8
$598 - 659
Central State Mansion
202 Steeples Blvd Indianapolis, IN
Studio | Ask for Availability
Contact
Dog Friendly
Cat Friendly
Fitness Center
27
3D Tour
$798 - 1,294
Scarborough Lake Apartments
6430 Maidstone Rd Indianapolis, IN
Studio - 1 BR | May. 19, 2026
Contact
Virtual Tour
Air Conditioning
Fitness Center
Pool
15
$794 - 804
Penn Plaza
3671 N Pennsylvania St Indianapolis, IN
2 BR | May. 31, 2026
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Storage
Disability Access
11
$569 - 1,105
East Village at Avondale Meadows Apartments
3810 Cooper Square Court Indianapolis, IN
2 BR | Available Now
Contact
Luxury
Income Restricted
Section 8
Air Conditioning
In Unit Laundry
5
$674 - 802
Balsam Avenue Apartments - The Courts
3605-3609 Balsam Indianapolis, IN
Studio - 1 BR | May. 25, 2026
Contact
Dog Friendly
Cat Friendly
Fitness Center
5
$875
Garden Pointe Apartments
5005 Lily Ln Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
Fitness Center
15
$849 - 905
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
$898 - 1,158
Waterstone Place Apartments
Deal
2755 Merlin Lake Drive Indianapolis, IN
1 BR | Available Now
Contact
Air Conditioning
Covered Parking
Balcony/Deck/Patio
Dishwasher
Pool
19
$736 - 773
Historic Audubon Court
5703 E Washington Indianapolis, IN
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
8
$775
Shortridge Apartments
3601 N Meridian St Indianapolis, IN
1 BR | Aug. 31, 2026
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Storage
Disability Access
11
$774 - 804
Biltmore Apartments
3540 N Meridian St Indianapolis, IN
1 BR | Jun. 15, 2026
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Storage
Disability Access
25
$458 - 899
The Enclave At Meridian Apartments
3.2
3777 N Meridian St Indianapolis, IN
Studio - 1 BR | Available Now
Income Restricted
Fitness Center
Dishwasher
8
$770 - 885
37 - 57 E 38TH STREET, BARRINGTON APARTMENTS
Indianapolis, IN
1 - 2 BR | May. 15, 2026
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Storage
Disability Access
47
$770 - 1,341
Bavarian Village Apartments
Deal
3001 Bavarian West Dr Indianapolis, IN
Studio - 1 BR | May. 20, 2026
Contact
Air Conditioning
Surface Parking
Balcony/Deck/Patio
Fitness Center
Dishwasher
1 - 30 of 200 Results
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Frequently Asked Questions

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

There are 200 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 59 studio cheap apartments available for rent in Indianapolis.

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

Rentable.co has 861 one-bedroom cheap apartments available for rent in Indianapolis.

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

Rentable.co has 779 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. Herron Morton
  3. Fletcher Place
  4. Downtown Indianapolis

Cheap Apartments in Indianapolis, IN: May Rental Information

Welcome to the May 2026 Indianapolis Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the May 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
27
The chart above displays the number of available cheap apartments in Indianapolis, IN, and the surrounding cities as of May, 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 31, 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 May M/M % Change
Indianapolis, IN 28 +1.04%
Noblesville, IN 1 +0.83%
Greenwood, IN 1 +1.0%

Looking for Cheap Apartments in Indianapolis?

Available cheap apartments 1,788
Top amenities Fitness Center, In Unit Laundry, Refrigerator, Microwave, High Speed Internet
Deals 37
Pet friendly 35
Utilities included 10
Studio 12
1 Bedroom 36
2 Bedroom 28

Where are Cheap Indianapolis Apartments?

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