Careers
Favorites
Advertise With Us
Log In
Create Search Alert
Get alerts when new listings become available in the Indianapolis area that match this search.
Email address:

Subscribed
Error! Please try again later.
Contact Property
Your Name

Email Address

Phone Number
Desired Move In Date
Desired Number of Bedrooms
Request a Tour Date

Ask a Question

Error! Please try again later.

Cheap Apartments in Indianapolis, IN

31 - 60 of 203 Results
8
$825 - 875
St. Agnes Apartments
1350 N Meridian Street St Indianapolis, IN
1 BR | Sep. 1, 2026
Contact
Cat Friendly
Air Conditioning
Storage
Disability Access
Old Northside
37
$895
Live In Style At Meridian Living
3310 N Meridian St Indianapolis, IN
1 BR | Ask for Availability
Contact
Dog Friendly
Cat Friendly
5
$685 - 894
Balsam Avenue Apartments - The Villages
3520-3534 E Fall Creek Pkwy Indianapolis, IN
Studio - 1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
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
5
$875
Lincolnshire Apartments
6221 N College Ave Indianapolis, IN
Studio - 1 BR | Sep. 7, 2026
Contact
Dog Friendly
Cat Friendly
Surface Parking
Storage
Disability Access
5
$795 - 913
Piccadilly
28 E 16th St Indianapolis, IN
Studio - 1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Fitness Center
Herron Morton
8
$790 - 819
172 - Shamrock Apartments
2430 E Kelly St Indianapolis, IN
1 BR | Oct. 14, 2026
Contact
Dog Friendly
Cat Friendly
Section 8
Air Conditioning
Storage
8
$770
Stanton Apartments
3536 N Meridian St Indianapolis, IN
1 BR | Oct. 16, 2026
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Storage
Disability Access
82
$799 - 850
Trails At Lakeside
3836 Arbor Green Ln Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Fitness Center
Disability Access
Pool
20
$888
Eagledale Senior
2930 Lafayette Rd Indianapolis, IN
Studio | Aug. 13, 2026
Contact
Surface Parking
In Unit Laundry
Fitness Center
Dishwasher
29
$707 - 720
Morton School Senior
2101 N College Ave Indianapolis, IN
Studio - 1 BR | Available Now
Contact
Fitness Center
Kingpark
6
$799
23 S Webster Ave
Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
8
$755 - 875
Shortridge Apartments
3601 N Meridian St Indianapolis, IN
1 - 2 BR | Sep. 18, 2026
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Storage
Disability Access
11
$725
Biltmore Apartments
3540 N Meridian St Indianapolis, IN
Studio | Oct. 1, 2026
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Storage
Disability Access
19
$742 - 828
Historic Audubon Court
5703 E Washington Indianapolis, IN
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
7
$760 - 784
The Bauer Apartments
3720 N Meridian St Indianapolis, IN
1 BR | Aug. 17, 2026
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Storage
Disability Access
25
$458
The Enclave At Meridian Apartments
3.2
3777 N Meridian St Indianapolis, IN
Studio | Available Now
Income Restricted
Fitness Center
Dishwasher
46
$848 - 1,105
Waterstone Place Apartments
2755 Merlin Lake Drive Indianapolis, IN
1 BR | Aug. 28, 2026
Contact
Air Conditioning
Covered Parking
Balcony/Deck/Patio
Dishwasher
Pool
5
$795 - 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
15
$760 - 804
Penn Plaza
3671 N Pennsylvania St Indianapolis, IN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Storage
Disability Access
13
$799 - 1,185
5220 Luzzane Ln
Indianapolis, IN
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
Covered Parking
Surface Parking
Balcony/Deck/Patio
8
$650 - 750
Central State Mansion
202 Steeples Blvd Indianapolis, IN
Studio - 1 BR | Sep. 15, 2026
Contact
Dog Friendly
Cat Friendly
Fitness Center
27
3D Tour
$815 - 1,347
Scarborough Lake Apartments
Deal
6430 Maidstone Rd Indianapolis, IN
1 BR | Available Now
Contact
Virtual Tour
Air Conditioning
Fitness Center
Pool
15
$889
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
10
$850 - 889
Landmark Apartments
2.7
7653 Woodmore Trace Indianapolis, IN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
Townhome
Covered Parking
11
$625 - 735
Fox Club
4401 South Keystone Avenue Indianapolis, IN
1 - 2 BR | Ask for Availability
Contact
Dog Friendly
Cat Friendly
Balcony/Deck/Patio
Fitness Center
Dishwasher
8
$619 - 839
Cambridge Commons
2.8
4959 Oakhurst Drive Indianapolis, IN
Studio - 1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
17
$649 - 775
M Club
1.0
7007 Courthouse Dr Indianapolis, IN
Studio - 1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
Surface Parking
Balcony/Deck/Patio
14
$850
The Reserves at Warren Park
9120 E. 10Th Street Indianapolis, IN
2 BR | Available Now
Contact
Cat Friendly
Balcony/Deck/Patio
10
$659 - 899
Rosewood Commons
4.0
5549 Rosewood Commons Dr. Indianapolis, IN
Studio - 2 BR | Available Now
Contact
Air Conditioning
Balcony/Deck/Patio
31 - 60 of 203 Results
  1. Home
  2. Indianapolis
  3. Cheap Apartments
Frequently Asked Questions

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

There are 203 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 53 studio cheap apartments available for rent in Indianapolis.

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

Rentable.co has 679 one-bedroom cheap apartments available for rent in Indianapolis.

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

Rentable.co has 555 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: August Rental Information

Welcome to the August 2026 Indianapolis Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the August 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 17 35 52 70 <$700 $720 $760 $800 $840 $880 $920 $960 $1,000 $1,040 $1,080 $1,120 $1,160 $1,200 $1,240 $1,280 $1,320 $1,360 $1,400 $1,440 $1,480

Available Cheap Apartments: Indianapolis vs. Surrounding Areas

Indianapolis, IN
29
The chart above displays the number of available cheap apartments in Indianapolis, IN, and the surrounding cities as of August, 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 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 August M/M % Change
Indianapolis, IN 30 +0.96%
Noblesville, IN 1 +1.12%
Greenwood, IN 1 +1.0%
Plainfield, IN 1 +0.8%
Lebanon, IN 0 +1.0%
Whitestown, IN 0 +1.0%

Looking for Cheap Apartments in Indianapolis?

Available cheap apartments 1,556
Top amenities Fitness Center, Refrigerator, Microwave, High Speed Internet, Package Receiving
Deals 50
Pet friendly 42
Utilities included 13
1 Bedroom 39
2 Bedroom 21
3 Bedroom 17

Where are Cheap Indianapolis Apartments?

Top Neighborhoods Upper canal, Fletcher place, Downtown indianapolis
Upper Canal 3
Fletcher Place 2
Downtown Indianapolis 1
Browse Indianapolis Apartments
Indianapolis Apartments by Neighborhood
Indianapolis Apartments by Bedrooms
Indianapolis Apartments by Affordability
Indianapolis Apartments with Amenities
Indianapolis Apartments by Type
Colleges Near Indianapolis
Indianapolis Apartments by Zip Code