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Cheap Apartments in Indianapolis, IN

61 - 90 of 245 Results
5
$895
3047 Foltz St
Indianapolis, IN
4 BR | Ask for Availability
Contact
House
1
$800
1442 W Congress Ave
Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
7
$925
5660 E 23rd St
Indianapolis, IN
3 BR | Ask for Availability
Contact
House
5
$925
117 N Euclid Ave
Indianapolis, IN
2 BR | Ask for Availability
Contact
House
1
$899
Welcome To Dawson Village – Welcome Home!
2469 S Dawson St Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Surface Parking
Storage
Disability Access
10
3D Tour
$825 - 875
Brookhaven Apartments
3900 N Shadeland Ave Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
17
$575
"coming Soon" 5345 E Washington St. Unit 21 Indpls, In 46219
5345 E Washington St Apt 21 Indianapolis, IN
Studio | Ask for Availability
Contact
House
8
$850
3019 Boulevard Pl
Indianapolis, IN
3 BR | Ask for Availability
Contact
House
7
$895
39 N Tacoma Ave
Indianapolis, IN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
1
$850
1206 Edgemont Ave
Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
1
$699
Evergreen On The Monon, Llc
3575 Evergreen Ave Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
1
$650 - 799
Birchwood Place Apartments
1040 Fairfield Ave Indianapolis, IN
Studio - 1 BR | Available Now
Contact
Storage
Disability Access
Mapelton
1
$700 - 825
Butler Place
5230 E Washington St Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Fitness Center
0
$950
The Sterling
Deal
8020 Madison Ave Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
1
$950
406 - 408 N Parker Ave
Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
1
$700
Pilgrim
1015 W 31St St Indianapolis, IN
Studio | Available Now
Contact
Storage
36
$899
The Courts Apartment Homes
4425 Linwood Ct Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
1
$725
1133-35 N Olney
Indianapolis, IN
2 BR | Available Now
Contact
Storage
Disability Access
1
$950
6111 Laurel Hall Dr
Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Disability Access
1
$950
6028 Laurel Hall Dr
Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
2
$949
7936 Timber Ridge Dr
Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Disability Access
Pool
17
$575
5345 E Washington St. Unit 17 Indpls, In 46219
5345 E Washington St Apt 17 Indianapolis, IN
Studio | Ask for Availability
Contact
House
1
$875
Essex Apartments
940 Woodruff Place Middle Dr Indianapolis, IN
1 BR | Mar. 20, 2026
Contact
Dog Friendly
Cat Friendly
Woodruff Place
3
$899 - 1,439
5220 Luzzane Ln
Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Covered Parking
Surface Parking
Balcony/Deck/Patio
41
$875
940 Woodruff Place Middle Dr
Indianapolis, IN
1 BR | Mar. 20, 2026
Contact
Dog Friendly
Cat Friendly
Woodruff Place
1
$950
6051 Laurel Hall Dr
Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
17
$825
912 N Bancroft St
Indianapolis, IN
1 BR | Ask for Availability
Contact
House
7
$725
5730 E Washington St
Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
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
2
$935
170 - Markwood Associates
920 E Markwood Ave Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Surface Parking
Storage
Disability Access
61 - 90 of 245 Results
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Frequently Asked Questions

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

There are 245 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 533 one-bedroom cheap apartments available for rent in Indianapolis.

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

Rentable.co has 497 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
  4. Herron Morton

Cheap Apartments in Indianapolis, IN: February Rental Information

Welcome to the February 2026 Indianapolis Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the February 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
28
The chart above displays the number of available cheap apartments in Indianapolis, IN, and the surrounding cities as of February, 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 30, 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 February M/M % Change
Indianapolis, IN 28 +0.93%
Greenwood, IN 1 +1.0%
Noblesville, IN 1 +1.0%

Looking for Cheap Apartments in Indianapolis?

Available cheap apartments 1,162
Top amenities Fitness Center, In Unit Laundry, Refrigerator, Range / Oven, High Speed Internet
Deals 23
Pet friendly 45
Utilities included 13
Studio 13
1 Bedroom 29
2 Bedroom 20

Where are Cheap Indianapolis Apartments?

Top Neighborhoods Upper canal, Fletcher place, Downtown indianapolis, Herron morton
Upper Canal 4
Fletcher Place 2
Downtown Indianapolis 1
Herron Morton 1
Browse Indianapolis Apartments
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