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

91 - 120 of 204 Results
1
$799
229-231 N Jefferson Ave
Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Disability Access
Woodruff Place
1
$899
Westside 2 Bedroom Duplex Located Near Harding And 21st Street
2248 N Harding St Indianapolis, IN
2 BR | Available Now
Contact
House
8
$895
Monon Walk
6115 Winthrop Ave Indianapolis, IN
Studio | Available Now
Contact
24
$771
3528 E Fall Creek Pkwy N
Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
23
$700 - 727
5230 E Washington St
Indianapolis, IN
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
Fitness Center
73
$638 - 754
3609 Balsam Ave
Indianapolis, IN
Studio - 1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Fitness Center
4
$300
1635 Draper St
Indianapolis, IN
Studio | Available Now
Contact
7
$725
1527 S State Ave
Indianapolis, IN
2 BR | Ask for Availability
Contact
House
17
$550
5345 E Washington St. Unit 31 Indpls, In 46219
5345 E Washington St Apt 31 Indianapolis, IN
Studio | Ask for Availability
Contact
House
6
$900
William Penn Commons
1925 Westview Dr Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Dishwasher
West Indianapolis
1
$699
5035 Fletcher Ave
Indianapolis, IN
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Disability Access
1
$805
3709-3711 Brookside Pkwy S Dr
3709 Brookside Pkwy S Dr Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
1
$700
2844 2846 Dr Andrew J Brown Ave
Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Disability Access
9
$750 - 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
Balcony/Deck/Patio
1
$895 - 900
6933 Buckridge West Dr
Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Section 8
Fitness Center
Storage
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
$550
5345 E Washington St. Unit 35 Indpls, In 46219
5345 E Washington St Apt 35 Indianapolis, IN
Studio | Ask for Availability
Contact
House
5
$784
S Delaware St
Indianapolis, IN
1 BR | Ask for Availability
Contact
13
$878
Dawson St
Indianapolis, IN
1 BR | Ask for Availability
Contact
7
$775
N Berwick Ave
Indianapolis, IN
1 BR | Ask for Availability
Contact
13
$900
*coming Soon* 1319 W. 27th St. Indpls, In 46208
1319 W 27Th St Indianapolis, IN
2 BR | Ask for Availability
Contact
House
8
$814
N Reisner St
Indianapolis, IN
1 BR | Ask for Availability
Contact
11
$675
Dunbar Court Apartments
1022 Dr Martin Luther King Jr St Indianapolis, IN
Studio | Ask for Availability
Contact
Air Conditioning
In Unit Laundry
Dishwasher
Upper Canal
8
$700
8420 Metzger Ct
Indianapolis, IN
1 BR | Jul. 1, 2026
Contact
House
Air Conditioning
Dishwasher
$745
Willard Park
875 Massachusetts Ave Indianapolis, IN
2 BR | Available Now
Contact
1
$899
Studio Duplex Located On The Westside Near 10th St And White River Pkway Dr
765 N Belleview Pl Insianapolis, IN
1 BR | Available Now
Contact
House
0
$715
5819 E Washington Unit 7
Indianapolis, IN
Studio | Available Now
Contact
2
$900
3030 E 10th St
Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
1
$800
Adorable 1 Bedroom Home Fountain Square
436 Sanders St Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
1
$899
Studio Duplex Located On The Westside Near 10th St And White River Pkway Dr
767 N Belleview Pl Indianapolis, IN
1 BR | Available Now
Contact
House
91 - 120 of 204 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 204 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 762 one-bedroom cheap apartments available for rent in Indianapolis.

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

Rentable.co has 605 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: June Rental Information

Welcome to the June 2026 Indianapolis Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the June 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 June, 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 33, 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 June M/M % Change
Indianapolis, IN 28 +0.99%
Noblesville, IN 1 +0.86%
Greenwood, IN 1 +1.0%
Plainfield, IN 1 -1.0%
Lebanon, IN 0 +1.0%
Carmel, IN 0 +1.0%

Looking for Cheap Apartments in Indianapolis?

Available cheap apartments 1,682
Top amenities Fitness Center, Refrigerator, Microwave, High Speed Internet, Package Receiving
Deals 36
Pet friendly 34
Utilities included 10
Studio 13
1 Bedroom 36
2 Bedroom 24

Where are Cheap Indianapolis Apartments?

Top Neighborhoods Upper canal, Fletcher place, Downtown indianapolis
Upper Canal 4
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