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Cheap Apartments in Indianapolis, IN

31 - 60 of 229 Results
45
$648 - 744
Minnie Hartman
3734 E Vermont St Indianapolis, IN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
In Unit Laundry
Fitness Center
Dishwasher
4
$875
Lincolnshire Broad Ripple
6221 N College Ave Indianapolis, IN
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
Surface Parking
Storage
Disability Access
26
$875
El Dorado Apartments
Deal
3621 Lawnview Ln Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
25
$873 - 971
Waterstone Place Apartments
2755 Merlin Lake Drive Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
Balcony/Deck/Patio
16
$899
Preston Pointe Senior Apartments
3.2
5910 E 12Th St Indianapolis, IN
1 BR | Available Now
Dog Friendly
Cat Friendly
Senior Community
Luxury
Income Restricted
49
$875 - 920
Timber Point Apartments
6201 Newberry Rd Indianapolis, IN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
Surface Parking
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
19
$875
Historic Audubon Court
5703 E Washington Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
8
$750 - 774
The Bauer Apartments
3720 N Meridian St Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Storage
Disability Access
37
$883 - 1,140
Waterstone Place Apartments
2755 Merlin Lake Drive Indianapolis, IN
1 BR | Dec. 14, 2025
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
Balcony/Deck/Patio
36
$919
Fishermans Village
2.8
2975 Coast Drive Indianapolis, IN
Studio | Dec. 25, 2025
Contact
Dog Friendly
Cat Friendly
Covered Parking
Fitness Center
Dishwasher
36
$823
Illinois Street Senior
1352 N Illinois St Indianapolis, IN
Studio | Dec. 11, 2025
Contact
Dog Friendly
Cat Friendly
Fitness Center
Dishwasher
Old Northside
12
$774 - 978
Scarborough Lake Apartments
6430 Maidstone Road Indianapolis, IN
Studio - 1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Fitness Center
Pool
14
$702 - 986
Pangea Vineyards
10101 E Montery Rd Indianapolis, IN
Studio - 1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Balcony/Deck/Patio
Dishwasher
11
$749 - 960
Sherbrook
8026 Mcfarland Court Indianapolis, IN
Studio - 1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
Air Conditioning
Balcony/Deck/Patio
11
$840 - 895
Stonehenge Apartments
7980 Dunston Drive Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
Section 8
Air Conditioning
10
$885 - 1,040
Astoria Park Apartments
3640 Beluga Lane Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Covered Parking
Balcony/Deck/Patio
Fitness Center
43
$563
Line Lofts
1145 E Washington St Indianapolis, IN
2 BR | Available Now
Contact
In Unit Laundry
Fitness Center
Dishwasher
19
$ Ask - 1,689
Country Lake Townhomes
2910 A White Knight Blvd Indianapolis, IN
2 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Townhome
Air Conditioning
Balcony/Deck/Patio
9
$ Ask - 1,230
Madison Lofts
1430 & 1420 Madison Ave. Indianapolis, IN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
In Unit Laundry
Balcony/Deck/Patio
29
$ Ask - 950
Duke Manor
311 S Lasalle St Santa Barbara, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
In Unit Laundry
Fitness Center
12
$777 - 975
Pangea Courts
4417 Linwood Ct Indianapolis, IN
2 BR | Available Now
Contact
Heat Included
Dog Friendly
Cat Friendly
Income Restricted
Section 8
17
$870 - 1,000
Pangea Hills
5500 Pleasant Hill Circle Indianapolis, IN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Section 8
Air Conditioning
Balcony/Deck/Patio
27
$905
Horizons Apartments
4955 Red Horizon Blvd Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Townhome
Balcony/Deck/Patio
Dishwasher
30
$850 - 915
Brookwood Apartments
5301 S Turtle Creek Drive Indianapolis, IN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
Air Conditioning
Covered Parking
15
$811 - 893
Lake Camelot Apartments
6475 Excalibur Ct Indianapolis, IN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
Balcony/Deck/Patio
4
$725
5963 Rawles Ave
Indianapolis, IN
1 BR | Ask for Availability
Contact
House
Dishwasher
18
$695
Bean Creek Duplex 1 Bedroom And 1 Bath
1407 E Tabor St Indianapolis, IN
1 BR | Ask for Availability
Contact
House
12
$825
Garfield Park 1 Bedroom 1 Bath
1519 Wade St Indianapolis, IN
1 BR | Ask for Availability
Contact
House
11
$900
230 N Randolph St Unit King
Indianapolis, IN
1 BR | Available Now
Contact
Air Conditioning
Balcony/Deck/Patio
Storage
Woodruff Place
31 - 60 of 229 Results
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Frequently Asked Questions

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

There are 229 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 37 studio cheap apartments available for rent in Indianapolis.

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

Rentable.co has 649 one-bedroom cheap apartments available for rent in Indianapolis.

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

Rentable.co has 654 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. Downtown Indianapolis
  3. Herron Morton
  4. Fletcher Place

Cheap Apartments in Indianapolis, IN: December Rental Information

Welcome to the December 2025 Indianapolis Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the December 2025 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
25
The chart above displays the number of available cheap apartments in Indianapolis, IN, and the surrounding cities as of December, 2025. 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 December M/M % Change
Indianapolis, IN 26 +0.91%
Greenwood, IN 1 +1.0%
Noblesville, IN 1 +1.0%
Beech Grove, IN 0 +1.0%

Looking for Cheap Apartments in Indianapolis?

Available cheap apartments 1,536
Top amenities Fitness Center, Dishwasher, Refrigerator, Pool, High Speed Internet
Deals 27
Pet friendly 72
Utilities included 9
Studio 12
1 Bedroom 31
2 Bedroom 40

Where are Cheap Indianapolis Apartments?

Top Neighborhoods Upper canal, Downtown indianapolis, Herron morton, Fletcher place
Upper Canal 3
Downtown Indianapolis 1
Herron Morton 1
Fletcher Place 1
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