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Cheap Apartments in Indianapolis, IN

1 - 30 of 240 Results
35
3D Tour
$949
Lawrence Landing
Deal
4.4
6875 Faris Avenue Indianapolis, IN
1 BR | Available Now
Contact
Virtual Tour
Luxury
Air Conditioning
Surface Parking
In Unit Laundry
16
$900
Woodbrook
4.2
5302 Woodbrook Dr Indianapolis, IN
1 BR | May. 23, 2026
Contact
Dog Friendly
Cat Friendly
Luxury
Air Conditioning
Covered Parking
44
$898 - 2,111
Artistry Indy
Deal
5.0
451 Emarket St Indianapolis, IN
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
In Unit Laundry
Balcony/Deck/Patio
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
$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
21
3D Tour
$355 - 380
PER
ROOM
Charming Indianapolis Bungalow Near Garfield Park
Deal
701 W Hanna Ave Indianapolis, IN
1 BR | Apr. 7, 2026
Contact
Heat Included
House
In Unit Laundry
20
3D Tour
$320 - 345
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
$320
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
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
22
3D Tour
$380 - 440
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 | Apr. 1, 2026
Contact
Balcony/Deck/Patio
Dishwasher
11
$715
Maywood Rd
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
0
$850 - 899
English Village Apartments
545 English Village Dr Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Balcony/Deck/Patio
8
$650
Central State Mansion
202 Steeples Blvd Indianapolis, IN
Studio | Ask for Availability
Contact
Dog Friendly
Cat Friendly
Fitness Center
15
$794
Penn Plaza
3671 N Pennsylvania St Indianapolis, IN
2 BR | May. 31, 2026
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Storage
Disability Access
13
$949 - 1,429
5220 Luzzane Ln
Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Covered Parking
Surface Parking
Balcony/Deck/Patio
8
$935
172 - Shamrock Apartments
2430 E Kelly St Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Section 8
Air Conditioning
Storage
8
$770
Stanton Apartments
3536 N Meridian St Indianapolis, IN
1 BR | May. 22, 2026
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Storage
Disability Access
5
$740 - 950
Piccadilly
28 E 16th St Indianapolis, IN
Studio - 1 BR | May. 3, 2026
Contact
Dog Friendly
Cat Friendly
Fitness Center
Herron Morton
20
$485 - 922
Eagledale Senior
2930 Lafayette Rd Indianapolis, IN
Studio - 1 BR | Available Now
Contact
Surface Parking
In Unit Laundry
Fitness Center
Dishwasher
29
$729
Morton School Senior
2101 N College Ave Indianapolis, IN
Studio | Available Now
Contact
Fitness Center
Kingpark
15
$839 - 880
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
8
$770 - 885
37 - 57 E 38TH STREET, BARRINGTON APARTMENTS
Indianapolis, IN
1 - 2 BR | Apr. 6, 2026
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Storage
Disability Access
152
$497 - 883
1010 Central
1010 Central Ave Indianapolis, IN
1 BR | Mar. 30, 2026
Contact
Fitness Center
Old Northside
5
$945
Woodruff Place
940 Woodruff Place Middle Dr Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Woodruff Place
19
$790 - 826
Historic Audubon Court
5703 E Washington Indianapolis, IN
Studio | Apr. 15, 2026
Contact
Dog Friendly
Cat Friendly
8
$780
Shortridge Apartments
3601 N Meridian St Indianapolis, IN
2 BR | May. 15, 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 | May. 5, 2026
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Storage
Disability Access
1 - 30 of 240 Results
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Frequently Asked Questions

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

There are 240 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 44 studio cheap apartments available for rent in Indianapolis.

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

Rentable.co has 692 one-bedroom cheap apartments available for rent in Indianapolis.

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

Rentable.co has 549 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: March Rental Information

Welcome to the March 2026 Indianapolis Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the March 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 20 40 60 80 <$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 March, 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 March M/M % Change
Indianapolis, IN 29 +0.99%
Greenwood, IN 1 +1.0%
Noblesville, IN 1 +1.0%
Westfield, IN 0 +1.0%

Looking for Cheap Apartments in Indianapolis?

Available cheap apartments 1,244
Top amenities Fitness Center, In Unit Laundry, Refrigerator, Range / Oven, Microwave
Deals 20
Pet friendly 41
Utilities included 8
Studio 12
1 Bedroom 26
2 Bedroom 16

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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