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Cheap Apartments in Indianapolis, IN

31 - 60 of 238 Results
26
$875
El Dorado Apartments
Deal
3621 Lawnview Ln Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
99
3D Tour
$882 - 1,254
Pickwick Farms Apartments
Deal
1540 Handball Lane Indianapolis, IN
Studio | Available Now
Contact
Furnished
Dog Friendly
Cat Friendly
Virtual Tour
Luxury
49
$885 - 910
Timber Point Apartments
6201 Newberry Rd Indianapolis, IN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
Surface Parking
10
$650 - 840
Piccadilly
28 E 16th St Indianapolis, IN
Studio - 1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Herron Morton
16
$769 - 925
Serenity Park Apartments
9060 E 39th Pl Indianapolis, IN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Fitness Center
Disability Access
Pool
8
$775 - 799
172 - Shamrock Apartments
2430 E Kelly St Indianapolis, IN
1 BR | Dec. 29, 2025
Contact
Dog Friendly
Cat Friendly
Section 8
Air Conditioning
Storage
11
$915
217 - Stanton
3536 N Meridian St Indianapolis, IN
2 BR | Jan. 23, 2026
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Storage
Disability Access
18
$895
Trails At Lakeside
3836 Arbor Green Ln Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Fitness Center
Disability Access
Pool
9
$907
Heritage Place At Parkview Apartment Homes
9201 E. 46Th Street Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Fitness Center
Dishwasher
15
$805 - 851
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
36
$823
Illinois Street Senior
1352 N Illinois St Indianapolis, IN
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
Fitness Center
Dishwasher
Old Northside
20
$485 - 999
Eagledale Senior
2930 Lafayette Rd Indianapolis, IN
Studio - 2 BR | Available Now
Contact
Surface Parking
In Unit Laundry
Fitness Center
Dishwasher
29
$928
Morton School Senior
2101 N College Ave Indianapolis, IN
1 BR | Available Now
Contact
Fitness Center
Kingpark
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
7
$925
1865 N Dexter St
Indianapolis, IN
3 BR | Ask for Availability
Contact
House
6
$795
2037 N Luett Ave
Indianapolis, IN
2 BR | Ask for Availability
Contact
Dog Friendly
Cat Friendly
House
2
$650 - 775
The Courts On Monon
3605-3609 Balsam Indianapolis, IN
Studio - 1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
1
$850
1326 Medford Ave
Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
5
$925
3047 Foltz St
Indianapolis, IN
4 BR | Ask for Availability
Contact
House
1
$799
Spacious 2br/1ba Located On The West Side Of Indy Close To Downtown
1005 N Pershing Ave Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
23
$809 - 830
South & Madison
1834 Madison Village Dr Indianapolis, IN
Studio - 1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Fitness Center
Dishwasher
7
$895
329 Hamilton Ave
Indianapolis, IN
3 BR | Ask for Availability
Contact
House
7
$925
2910 E Brookside Ave
Indianapolis, IN
3 BR | Ask for Availability
Contact
House
5
$895
1230 Taylor Dr W
Indianapolis, IN
2 BR | Ask for Availability
Contact
House
6
$900
5145 Mecca St
Indianapolis, IN
2 BR | Ask for Availability
Contact
House
1
$799
239 N Tacoma St
Indianapolis, IN
2 BR | Dec. 31, 2025
Contact
Dog Friendly
Cat Friendly
House
1
$775
1750 - 1752 North Rural Street
Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
1
$850
1910 1912 Lexington Ave
Indianapolis, IN
1 BR | Available Now
Contact
Storage
1
$774 - 875
50 - Saxony Court Apartments
29 S Audubon Rd Indianapolis, IN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Disability Access
Dishwasher
4
$695
618 N Euclid Ave
Indianapolis, IN
2 BR | Ask for Availability
Contact
House
31 - 60 of 238 Results
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Frequently Asked Questions

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

There are 238 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 483 one-bedroom cheap apartments available for rent in Indianapolis.

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

Rentable.co has 465 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. 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, Fletcher place
Upper Canal 3
Downtown Indianapolis 1
Fletcher Place 1
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