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Cheap Apartments in Indianapolis, IN

31 - 60 of 200 Results
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
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
5
$716 - 828
Piccadilly
28 E 16th St Indianapolis, IN
Studio | May. 15, 2026
Contact
Dog Friendly
Cat Friendly
Fitness Center
Herron Morton
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
152
$874
1010 Central
1010 Central Ave Indianapolis, IN
1 BR | May. 18, 2026
Contact
Fitness Center
Old Northside
32
$799 - 899
The Meridian
2100 Westlane Rd Indianapolis, IN
Studio - 2 BR | Available Now
Contact
Fitness Center
Pool
5
$681 - 906
Butler Place
5230 E Washington St Indianapolis, IN
Studio - 1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Fitness Center
8
$750
3726 N MERIDIAN STREET 3726 N MERIDIAN STREET
Indianapolis, IN
1 BR | May. 15, 2026
Contact
Dog Friendly
Cat Friendly
Surface Parking
Storage
Disability Access
54
$875
Strawbridge Green
4649 Strawbridge St Indianapolis, IN
2 BR | Jul. 10, 2026
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
Balcony/Deck/Patio
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
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
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
29
$720
Morton School Senior
2101 N College Ave Indianapolis, IN
Studio | Available Now
Contact
Fitness Center
Kingpark
20
$750 - 878
Eagledale Senior
2930 Lafayette Rd Indianapolis, IN
Studio | Available Now
Contact
Surface Parking
In Unit Laundry
Fitness Center
Dishwasher
19
$897 - 907
549 N Senate Ave
Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Upper Canal
6
$649 - 875
Volrath
118 Palmer St Indianapolis, IN
Studio - 1 BR | Available Now
Contact
Dishwasher
1
$825
3709-3711 Brookside Pkwy S Dr
3709 Brookside Pkwy S Dr Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
7
$850
830 N Emerson Ave
Indianapolis, IN
1 BR | Available Now
Contact
House
17
$550
5345 E. Washington St. Unit 32 *$99 Deposit For Qualified Applicants!*
5345 E Washington St Apt 32 Indianapolis, IN
Studio | Ask for Availability
Contact
House
14
$800
925 N Gladstone Ave
Indianapolis, IN
2 BR | Ask for Availability
Contact
House
9
$775 - 825
East Ridge Apartments - Remodeled 1-2 Bedroom Unit W/ Balcony
2302 N Ritter Ave Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
1
$699
Oxmoor Indy
3640 N Meridian St Indianapolis, IN
1 BR | Available Now
Contact
Storage
20
$910
549 Senate Ave
Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Upper Canal
1
$900
6933 Buckridge West Dr
Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Section 8
Fitness Center
Storage
7
$895
1119 S Denny St
Indianapolis, IN
2 BR | Available Now
Contact
House
9
$ Ask - 1,145
920 North Alabama
Indianapolis, IN
1 BR | Available Now
Contact
Old Northside
13
$800
Perkins Apartments
2345 Perkins Ave Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
10
$850
Irvington Living Ii: Renovated Comfort In A Vibrant Neighborhood
4801 E Washington St Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
31 - 60 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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