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Cheap Apartments in Indianapolis, IN

121 - 150 of 240 Results
1
$799
Birchwood Place Apartments
1040 Fairfield Ave Indianapolis, IN
1 BR | May. 15, 2026
Contact
Dog Friendly
Cat Friendly
Storage
Disability Access
Mapelton
11
$800
232 N Randolph St Unit Bedroom
Indianapolis, IN
1 BR | Apr. 10, 2026
Contact
Air Conditioning
Storage
Woodruff Place
0
$875 - 1,025
The Sterling
Deal
8020 Madison Ave Indianapolis, IN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
1
$899 - 950
Welcome To Dawson Village – Welcome Home!
2469 S Dawson St Indianapolis, IN
2 BR | Mar. 31, 2026
Contact
Dog Friendly
Cat Friendly
Surface Parking
Storage
Disability Access
4
$775
941 W 26th St Unit 1
Indianapolis, IN
1 BR | Available Now
Contact
Air Conditioning
Dishwasher
7
$895
2348 Saint Paul
Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
11
$649
25 S Emerson Ave Unit B
Indianapolis, IN
1 BR | Available Now
Contact
7
$950
1322 W 26th St
Indianapolis, IN
3 BR | Ask for Availability
Contact
House
7
$895
5660 E 23rd St
Indianapolis, IN
3 BR | Ask for Availability
Contact
House
8
$925
222 N Pershing Ave
Indianapolis, IN
4 BR | Ask for Availability
Contact
House
10
$750
Gent Ave
Indianapolis, IN
1 BR | Ask for Availability
Contact
9
$784
N Moreland Ave
Indianapolis, IN
1 BR | Ask for Availability
Contact
17
$800
3541 N Meridian St Apt 308
Indianapolis, IN
1 BR | Ask for Availability
Contact
House
Dishwasher
14
$899
1644 Dr Andrew J Brown A *move In Special: 1/2 Off 1st Month's Rent*
1644 Dr Andrew J Brown Ave Indianapolis, IN
1 BR | Ask for Availability
Contact
House
15
$725
1755 W Morris St Unit C
Indianapolis, IN
2 BR | Ask for Availability
Contact
House
West Indianapolis
5
$875
3047 Foltz St
Indianapolis, IN
4 BR | Ask for Availability
Contact
House
7
$925
2403 N Oxford St
Indianapolis, IN
3 BR | Ask for Availability
Contact
House
6
$950
1736 Draper St
Indianapolis, IN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
12
$799
1005 Sanders St
Indianapolis, IN
1 BR | Available Now
Contact
Air Conditioning
7
$895
1119 S Denny St
Indianapolis, IN
2 BR | Available Now
Contact
House
7
$925
534 N Alton Ave
Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
7
$895
257 S Temple Ave
Indianapolis, IN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
4
$300
1635 Draper St
Indianapolis, IN
Studio | Available Now
Contact
6
$950
2906 N Lasalle St
Indianapolis, IN
4 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
7
$895
39 N Tacoma Ave
Indianapolis, IN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
8
$850
3019 Boulevard Pl
Indianapolis, IN
3 BR | Ask for Availability
Contact
House
1
$750
098
2861 S Roena St Indianapolis, IN
1 BR | Available Now
Contact
0
$750
5819 E Washington Unit 14
Indianapolis, IN
1 BR | Available Now
Contact
0
$950
Rpmindiana.com
1704 N College Ave Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Dishwasher
Kingpark
0
$825
Warren Park 2 Bedroom Apartment W/balcony
9128 E 10th St Unit 5 Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Balcony/Deck/Patio
121 - 150 of 240 Results
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Frequently Asked Questions

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

There are 240 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 44 studio cheap apartments available for rent in Indianapolis.

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

Rentable.co has 692 one-bedroom cheap apartments available for rent in Indianapolis.

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

Rentable.co has 549 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: March Rental Information

Welcome to the March 2026 Indianapolis Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the March 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 20 40 60 80 <$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
28
The chart above displays the number of available cheap apartments in Indianapolis, IN, and the surrounding cities as of March, 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 30, 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 March M/M % Change
Indianapolis, IN 29 +0.99%
Greenwood, IN 1 +1.0%
Noblesville, IN 1 +1.0%
Westfield, IN 0 +1.0%

Looking for Cheap Apartments in Indianapolis?

Available cheap apartments 1,244
Top amenities Fitness Center, In Unit Laundry, Refrigerator, Range / Oven, Microwave
Deals 20
Pet friendly 41
Utilities included 8
Studio 12
1 Bedroom 26
2 Bedroom 16

Where are Cheap Indianapolis Apartments?

Top Neighborhoods Upper canal, Fletcher place, Downtown indianapolis
Upper Canal 3
Fletcher Place 2
Downtown Indianapolis 1
Browse Indianapolis Apartments
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