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Cheap Apartments in Indianapolis, IN

91 - 120 of 229 Results
17
$550
*coming Soon!* 5345 E Washington St Unit 20, Indpls, In 46219
5345 E Washington St Apt 20 Indianapolis, IN
Studio | Ask for Availability
Contact
House
23
$809 - 830
South & Madison
1834 Madison Village Dr Indianapolis, IN
Studio - 1 BR | Available Now
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Dog Friendly
Cat Friendly
Fitness Center
Dishwasher
19
$907 - 917
549 N Senate Ave
Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Upper Canal
6
$649 - 774
Volrath
118 Palmer St Indianapolis, IN
Studio - 1 BR | Available Now
Contact
Dishwasher
11
$767
N Gale St
Indianapolis, IN
1 BR | Ask for Availability
Contact
22
$895
3520 E Fall Creek Pkwy N
Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
21
$650 - 900
Stone Lake
Deal
2913 E Hanna Ave Indianapolis, IN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
1
$850
3510 N. Pennsylvania
Indianapolis, IN
2 BR | Available Now
Contact
Storage
Mapelton
2
$725 - 850
5730 E Washington
Indianapolis, IN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
16
$800
328 N Euclid Ave Unit Apt
Indianapolis, IN
2 BR | Available Now
Contact
Air Conditioning
Dishwasher
24
$825
Eastside 2 Bedroom 1 Bath
2240 Barnor Dr Indianapolis, IN
2 BR | Ask for Availability
Contact
House
17
$800
South Square 1 Bed 1 Bath
2024 Boyd Ave Indianapolis, IN
1 BR | Ask for Availability
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House
4
$300
1635 Draper St
Indianapolis, IN
Studio | Available Now
Contact
57
$599 - 795
708 E 11th St
Indianapolis, IN
Studio - 1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Old Northside
11
$675
3610 Balsam Ave
Indianapolis, IN
Studio | Ask for Availability
Contact
Dog Friendly
Cat Friendly
23
$795 - 865
3528 E Fall Creek Pkwy N
Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
2
$915
205 - Meridian Plaza Apartments
3726 N MERIDIAN STREET 3726 N MERIDIAN STREET Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Surface Parking
Storage
Disability Access
1
$725
2844 2846 Dr Andrew J Brown Ave
Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Disability Access
1
$800
1442 W Congress Ave
Indianapolis, IN
1 BR | Available Now
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Dog Friendly
Cat Friendly
1
$895
1337 E Market St
Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Disability Access
1
$800
608 N Dearborn St
608 Dearborn St Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
1
$899
Spacious 2br/1ba Located On The West Side Of Indy Close To Downtown
1005 N Pershing Ave Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
1
$795 - 895
1329 E Market St
Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Disability Access
16
$700
3004 E Michigan St Unit Bedroom
Indianapolis, IN
1 BR | Available Now
Contact
Air Conditioning
14
$825
3501 Clifton St
Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
11
$675
3606 Balsam Ave
Indianapolis, IN
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
10
3D Tour
$850 - 900
Brookhaven Apartments
Deal
3900 N Shadeland Ave Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
17
$900
South Square Duplex 2 Beds And 1 Bath
1630 Spruce St Indianapolis, IN
2 BR | Ask for Availability
Contact
House
15
$795 - 895
3534 E Fall Creek Pkwy N
Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
36
$875
5703 E Washington St
Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
91 - 120 of 229 Results
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Frequently Asked Questions

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

There are 229 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 37 studio cheap apartments available for rent in Indianapolis.

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

Rentable.co has 649 one-bedroom cheap apartments available for rent in Indianapolis.

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

Rentable.co has 654 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. Downtown Indianapolis
  3. Herron Morton
  4. Fletcher Place

Cheap Apartments in Indianapolis, IN: December Rental Information

Welcome to the December 2025 Indianapolis Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the December 2025 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 $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
25
The chart above displays the number of available cheap apartments in Indianapolis, IN, and the surrounding cities as of December, 2025. 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 December M/M % Change
Indianapolis, IN 26 +0.91%
Greenwood, IN 1 +1.0%
Noblesville, IN 1 +1.0%
Beech Grove, IN 0 +1.0%

Looking for Cheap Apartments in Indianapolis?

Available cheap apartments 1,536
Top amenities Fitness Center, Dishwasher, Refrigerator, Pool, High Speed Internet
Deals 27
Pet friendly 72
Utilities included 9
Studio 12
1 Bedroom 31
2 Bedroom 40

Where are Cheap Indianapolis Apartments?

Top Neighborhoods Upper canal, Downtown indianapolis, Herron morton, Fletcher place
Upper Canal 3
Downtown Indianapolis 1
Herron Morton 1
Fletcher Place 1
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