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

121 - 150 of 229 Results
7
$895
39 N Tacoma Ave
Indianapolis, IN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
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
6
$775
One Somerset
3765 S State Ave Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
1
$900
6111 Laurel Hall Dr
Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Disability Access
1
$795
1411-1413 N Pershing Ave
1411-13 N Pershing Ave Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Disability Access
1
$850
1133-35 N Olney
Indianapolis, IN
2 BR | Available Now
Contact
Storage
Disability Access
1
$700
Pilgrim
1015 W 31St St Indianapolis, IN
Studio | Available Now
Contact
Storage
2
$745
207 - Shortridge
3601 N Meridian St Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Storage
Disability Access
1
$715 - 764
Biltmore Apartments
3540 N Meridian St Indianapolis, IN
Studio - 1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Storage
Disability Access
36
$879
The Courts Apartment Homes
4425 Linwood Ct Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
13
$800
4823 E Michigan St Unit Unit
Indianapolis, IN
2 BR | Dec. 15, 2025
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Balcony/Deck/Patio
Storage
7
$725 - 850
5730 E Washington St
Indianapolis, IN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
6
$875
1846 E Brookside Ave
Indianapolis, IN
3 BR | Ask for Availability
Contact
House
4
$695
618 N Euclid Ave
Indianapolis, IN
2 BR | Ask for Availability
Contact
House
1
$695 - 775
Butler Place
5230 E Washington St Indianapolis, IN
Studio - 1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Fitness Center
1
$799
Evergreen On The Monon, Llc
3575 Evergreen Ave Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
1
$850
1206 Edgemont Ave
Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
1
$775
865 - 867 N Linwood Ave
865 867 St 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
14
$875
940 Woodruff Place Middle Dr
Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Woodruff Place
15
$900
230 N Randolph St Unit King
Indianapolis, IN
1 BR | Available Now
Contact
Air Conditioning
Balcony/Deck/Patio
Storage
Woodruff Place
4
$725
5963 Rawles Ave
Indianapolis, IN
1 BR | Ask for Availability
Contact
House
Dishwasher
18
$695
Bean Creek Duplex 1 Bedroom And 1 Bath
1407 E Tabor St Indianapolis, IN
1 BR | Ask for Availability
Contact
House
12
$825
Garfield Park 1 Bedroom 1 Bath
1519 Wade St Indianapolis, IN
1 BR | Ask for Availability
Contact
House
3
$899
5220 Luzzane Ln
Indianapolis, IN
1 BR | Jan. 16, 2026
Contact
Dog Friendly
Cat Friendly
Covered Parking
Surface Parking
Fitness Center
1
$875
Essex Apartments
940 Woodruff Place Middle Dr Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Woodruff Place
1
$800
4114- 4116 E Washington St - Selling
4114 E Washington St Indianapolis, IN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Disability Access
12
$900
2410 N Lesley Ave
Indianapolis, IN
2 BR | Ask for Availability
Contact
House
24
$675 - 825
3609 Balsam Ave
Indianapolis, IN
Studio - 1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
18
$695 - 775
5230 E Washington St
Indianapolis, IN
Studio - 1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
121 - 150 of 229 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 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
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