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Cheap Apartments in Indianapolis, IN

31 - 60 of 205 Results
8
$755
Shortridge Apartments
3601 N Meridian St Indianapolis, IN
1 BR | Sep. 18, 2026
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Storage
Disability Access
11
$774 - 804
Biltmore Apartments
3540 N Meridian St Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Storage
Disability Access
37
$849 - 1,108
Waterstone Place Apartments
Deal
2755 Merlin Lake Drive Indianapolis, IN
1 BR | Available Now
Contact
Air Conditioning
Covered Parking
Balcony/Deck/Patio
Dishwasher
Pool
9
$755
Monon Station Apartments
4554 Winthrop Ave Indianapolis, IN
Studio | Jul. 24, 2026
Contact
Dog Friendly
Cat Friendly
Surface Parking
Storage
Disability Access
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
$638 - 803
Balsam Avenue Apartments - The Courts
3605-3609 Balsam Indianapolis, IN
Studio - 1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Fitness Center
29
$603 - 720
Morton School Senior
2101 N College Ave Indianapolis, IN
Studio - 2 BR | Available Now
Contact
Fitness Center
Kingpark
20
$888
Eagledale Senior
2930 Lafayette Rd Indianapolis, IN
Studio | Jul. 7, 2026
Contact
Surface Parking
In Unit Laundry
Fitness Center
Dishwasher
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
15
$794 - 804
Penn Plaza
3671 N Pennsylvania St Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Storage
Disability Access
5
$850 - 895
Garden Pointe Apartments
5005 Lily Ln Indianapolis, IN
Studio - 1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
Fitness Center
125
3D Tour
$900 - 1,218
Pickwick Farms Apartments
Deal
1540 Handball Lane Indianapolis, IN
Studio | Available Now
Contact
Furnished
Virtual Tour
Luxury
Air Conditioning
In Unit Laundry
8
$859 - 885
Maple Court Apartments - Where City Convenience Meets Neighborhood Charm!
3524 N Pennsylvania St Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Disability Access
Mapelton
27
3D Tour
$815 - 1,147
Scarborough Lake Apartments
Deal
6430 Maidstone Rd Indianapolis, IN
1 BR | Jul. 27, 2026
Contact
Virtual Tour
Air Conditioning
Fitness Center
Pool
12
$800
Well-located Condo With An Attached Garage And Low Hoa Fees.
215 N New Jersey St Apt C Indianapolis, IN
1 BR | Ask for Availability
Contact
House
Air Conditioning
In Unit Laundry
Fitness Center
Dishwasher
45
$887
Minnie Hartman
3734 E Vermont St Indianapolis, IN
2 BR | Aug. 6, 2026
Contact
Dog Friendly
Cat Friendly
In Unit Laundry
Fitness Center
Dishwasher
32
$799 - 1,364
The Meridian
2100 Westlane Rd Indianapolis, IN
Studio - 2 BR | Available Now
Contact
Fitness Center
Pool
49
$715
Lawrence Senior
8301 E 46th St Indianapolis, IN
1 BR | Jul. 11, 2026
Contact
Surface Parking
Fitness Center
Dishwasher
25
$458
The Enclave At Meridian Apartments
3.2
3777 N Meridian St Indianapolis, IN
Studio | Available Now
Income Restricted
Fitness Center
Dishwasher
15
$886
Lakes At Crossbridge
2.8
7925 Crossbridge Dr Downtown Indianapolis, IN
1 BR | Available Now
Dog Friendly
Cat Friendly
Income Restricted
Air Conditioning
Fitness Center
14
$750
3520 E Fall Creek Pkwy N
Indianapolis, IN
Studio | Nov. 14, 2026
Contact
Dog Friendly
Cat Friendly
1
$775
Lawrence Glen Apartments
8633 E 46th St Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Disability Access
19
$897
549 N Senate Ave
Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Upper Canal
6
$649 - 825
Volrath
118 Palmer St Indianapolis, IN
Studio - 1 BR | Available Now
Contact
Dishwasher
17
$875
3058 Brookside Pkwy N Dr Unit 3058
Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
1
$700
2844 2846 Dr Andrew J Brown Ave
Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Disability Access
1
$799
Evergreen On The Monon, Llc
3575 Evergreen Ave Indianapolis, IN
1 BR | Sep. 1, 2026
Contact
Dog Friendly
Cat Friendly
Storage
1
$899
Birchwood Place Apartments
1040 Fairfield Ave Indianapolis, IN
1 BR | Oct. 1, 2026
Contact
Dog Friendly
Cat Friendly
Storage
Disability Access
Mapelton
0
$850
The Sterling
8020 Madison Ave Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
23
$700 - 727
5230 E Washington St
Indianapolis, IN
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
Fitness Center
31 - 60 of 205 Results
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Frequently Asked Questions

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

There are 205 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 762 one-bedroom cheap apartments available for rent in Indianapolis.

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

Rentable.co has 605 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: June Rental Information

Welcome to the June 2026 Indianapolis Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the June 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 June, 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 33, 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 June M/M % Change
Indianapolis, IN 28 +0.99%
Noblesville, IN 1 +0.86%
Greenwood, IN 1 +1.0%
Plainfield, IN 1 -1.0%
Lebanon, IN 0 +1.0%
Carmel, IN 0 +1.0%

Looking for Cheap Apartments in Indianapolis?

Available cheap apartments 1,682
Top amenities Fitness Center, Refrigerator, Microwave, High Speed Internet, Package Receiving
Deals 36
Pet friendly 34
Utilities included 10
Studio 13
1 Bedroom 36
2 Bedroom 24

Where are Cheap Indianapolis Apartments?

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