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Cheap Apartments in Indianapolis, IN

91 - 120 of 200 Results
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
7
$895
1119 S Denny St
Indianapolis, IN
2 BR | Available Now
Contact
House
6
$895
3999 N Irwin Ave
Indianapolis, IN
2 BR | Ask for Availability
Contact
House
15
$550
5345 E Washington St Apt 6
Indianapolis, IN
Studio | Ask for Availability
Contact
House
9
$788
E New York St
Indianapolis, IN
1 BR | Ask for Availability
Contact
17
$850
116 N Gladstone Ave Unit 116
Indianapolis, IN
1 BR | Available Now
Contact
Air Conditioning
Balcony/Deck/Patio
1
$799
229-231 N Jefferson Ave
Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Disability Access
Woodruff Place
0
$875 - 950
The Sterling
Deal
8020 Madison Ave Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
1
$799
Birchwood Place Apartments
1040 Fairfield Ave Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Disability Access
Mapelton
7
$895
39 N Tacoma Ave
Indianapolis, IN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
16
$825
3019 Boulevard Pl
Indianapolis, IN
3 BR | Ask for Availability
Contact
House
12
$795
708 E 11th St
Indianapolis, IN
1 BR | Ask for Availability
Contact
Dog Friendly
Cat Friendly
Old Northside
4
$300
1635 Draper St
Indianapolis, IN
Studio | Available Now
Contact
17
$760
3541 N Meridian St Apt 308
Indianapolis, IN
1 BR | Ask for Availability
Contact
House
Dishwasher
16
$885
The Sheldrake
2258 N Meridian St Indianapolis, IN
1 BR | Ask for Availability
Contact
Air Conditioning
Fitness Center
$764
Willard Park
875 Massachusetts Ave Indianapolis, IN
2 BR | Ask for Availability
Contact
1
$725
Fountain Square 2 Bed 1 Bath
518 S State Ave Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
0
$715
5819 E Washington Street Unit 8
5819 E Washington Unit 8 Indianapolis, IN
Studio | Available Now
Contact
Dishwasher
1
$800
Spacious 1 Bedroom Duplex
3461 Dequincy St Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
0
$715
5819 E Washington Unit 7
Indianapolis, IN
Studio | May. 31, 2026
Contact
0
$855
Live In Style Without Breaking The Bank At Magnolias Living Apartments Washer & Dryer In-unit
3330 N Meridian St Indianapolis, IN
1 BR | Available Now
Contact
0
$659 - 1,299
Garfield Park Village
360 Sandra Ln Indianapolis, IN
Studio - 1 BR | Available Now
Contact
1
$905
Campbell Apartments
Campbell Ave Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
1
$750
1341 Congress Ave
1341 W Congress Ave Indianapolis, IN
1 BR | Available Now
Contact
1
$846
Downtown Living
430 Massachusetts Ave Indianapolis, IN
2 BR | Available Now
Contact
Downtown Indianapolis
0
$715
5819 E Washington Unit 10
Indianapolis, IN
1 BR | Available Now
Contact
1
$900
6048 Dickson Rd
Indianapolis, IN
2 BR | Available Now
Contact
0
$799 - 1,381
Pine Glen
4259 Burkhart Dr Indianapolis, IN
1 BR | Available Now
Contact
1
$775
2025-2027 Southeastern Ave
2025 Southeastern Ave Indianapolis, IN
1 BR | Available Now
Contact
91 - 120 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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