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Cheap Apartments in Indianapolis, IN

61 - 90 of 200 Results
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
1
$799 - 889
50 - Saxony Court Apartments
29 S Audubon Rd Indianapolis, IN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Disability Access
1
$825 - 850
1910 1912 Lexington Ave
Indianapolis, IN
Studio - 1 BR | Available Now
Contact
Storage
2
$745 - 819
170 - Markwood Associates
920 E Markwood Ave Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Surface Parking
Storage
Disability Access
7
$850
830 N Emerson Ave
Indianapolis, IN
1 BR | Available Now
Contact
House
28
$889
Greentree Apartments
2524 Tamarack Ln Indianapolis, IN
1 BR | Jun. 14, 2026
Contact
Dog Friendly
Cat Friendly
1
$ Ask - 1,179
Historic Irvington Flats
222 S Downey Ave Indianapolis, IN
1 BR | Available Now
Contact
Cat Friendly
Storage
Disability Access
1
$700
2844 2846 Dr Andrew J Brown Ave
Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Disability Access
1
$899
Westside 2 Bedroom Duplex Located Near Harding And 21st Street
2248 N Harding St Indianapolis, IN
2 BR | Available Now
Contact
House
5
$895
Monon Walk
6115 Winthrop Ave Indianapolis, IN
Studio | Available Now
Contact
1
$900
1348-50 Burdsal Pkwy
Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Disability Access
6
$775
One Somerset
3765 S State Ave Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
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
16
$750
913 Keystone Ave
Indianapolis, IN
3 BR | Available Now
Contact
Dog Friendly
House
Woodruff Place
4
$895
225 Trowbridge St
Indianapolis, IN
2 BR | Ask for Availability
Contact
House
11
$649
25 S Emerson Ave Unit B
Indianapolis, IN
1 BR | Available Now
Contact
23
$809 - 855
South & Madison
1834 Madison Village Dr Indianapolis, IN
Studio - 1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Fitness Center
Dishwasher
17
$550
5345 E Washington St. Unit 35 Indpls, In 46219
5345 E Washington St Apt 35 Indianapolis, IN
Studio | Ask for Availability
Contact
House
15
$771
N Gladstone Ave
Indianapolis, IN
1 BR | Ask for Availability
Contact
17
$550
5345 E Washington St. Unit 30 *$99 Deposit For Qualified Applicants!*
5345 E Washington St Apt 30 Indianapolis, IN
Studio | Ask for Availability
Contact
House
42
$767 - 875
26 E 14th St
Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Old Northside
0
$895
Irvington Living III
4926 E Washington St Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Disability Access
1
$895
Churchman 1022-24
1022-24 Churchman Ave Indianapolis, IN
1 BR | Ask for Availability
Contact
Air Conditioning
Storage
15
$659 - 879
The Stratford Apartments
3201 Watergate Rd Indianapolis, IN
Studio - 1 BR | May. 15, 2026
Contact
Dog Friendly
Cat Friendly
14
$750
6120 Nimitz Dr
Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
10
3D Tour
$850 - 875
Brookhaven Apartments
3900 N Shadeland Ave Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
1
$799
229-231 N Jefferson Ave
Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Disability Access
Woodruff Place
61 - 90 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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