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Cheap Apartments in Indianapolis, IN

121 - 150 of 202 Results
1
$899
Welcome To Dawson Village – Welcome Home!
2469 S Dawson St Indianapolis, IN
2 BR | Aug. 17, 2026
Contact
Dog Friendly
Cat Friendly
Surface Parking
Storage
Disability Access
0
$895
Irvington Living III
4926 E Washington St Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Disability Access
15
$889
The Stratford Apartments
3201 Watergate Rd Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
1
$795
Churchman 1022-24
1022-24 Churchman Ave Indianapolis, IN
1 BR | Available Now
Contact
Air Conditioning
Storage
8
$685
1630 Woodlawn Ave
Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
7
$895
39 N Tacoma Ave
Indianapolis, IN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
15
$695
3019 Boulevard Pl
Indianapolis, IN
3 BR | Ask for Availability
Contact
House
12
3D Tour
$449 - 819
Lakeside Point At Nora
9000 N College Avenue Indianapolis, IN
Studio - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Balcony/Deck/Patio
Pool
1
$800 - 825
Llanhurst Apartments
3541 N Meridian St Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Disability Access
6
$900
William Penn Commons
1925 Westview Dr Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Dishwasher
West Indianapolis
1
$800
Perkins Apartments
2345 Perkins Ave Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
0
$870
Pine Glen
4259 Burkhart Dr Indianapolis, IN
1 BR | Available Now
Contact
$745
Willard Park
875 Massachusetts Ave Indianapolis, IN
2 BR | Available Now
Contact
1
$800
Spacious One Bedroom Duplex Near E. Michigan And Emerson
4312 E Michigan St Indianapolis, IN
1 BR | Available Now
Contact
House
1
$850
1 Bedroom, 1 Bathroom Duplex Apartment
4804 E 34th St Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
1
$900
6108 Dickson Rd
Indianapolis, IN
2 BR | Available Now
Contact
1
$725
738-740 Bosart
738 N Bosart Ave Indianapolis, IN
1 BR | Available Now
Contact
0
$855
Live In Style Without Breaking The Bank At Magnolias Living Apartments Washer & Dryer In-unit
3340 N Meridian St Indianapolis, IN
1 BR | Available Now
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1
$700
4724 & 4726 E 34th St
Indianapolis, IN
1 BR | Available Now
Contact
1
$800
Coming Soon: 1 Bedroom / 1 Bath Located At 419 S Arlington Ave. In Indianapolis.
419 S Arlington Ave Indianapolis, IN
1 BR | Available Now
Contact
House
1
$800
Spacious One Bedroom Duplex Near E. Michigan And Emerson
4310 E Michigan St Indianapolis, IN
1 BR | Available Now
Contact
House
0
$750
Magnolias Living Studio Apartments
3330 N Meridian St Indianapolis, IN
Studio | Available Now
Contact
3
$650
318 Parkway Ave Unit C Indpls, In 46225
318 Parkway Ave #c Indianapolis, IN
1 BR | Ask for Availability
Contact
House
0
$799 - 1,300
Garfield Park Village
360 Sandra Ln Indianapolis, IN
1 - 2 BR | Available Now
Contact
3
$825
8917 Duxbury RD
Indianapolis, IN
1 BR | Ask for Availability
Contact
Air Conditioning
Dishwasher
0
$715
5819 E Washington Street Unit 8
5819 E Washington Unit 8 Indianapolis, IN
Studio | Available Now
Contact
Dishwasher
1
$799
1515-1517 E Michigan St
Indianapolis, IN
1 BR | Available Now
Contact
Woodruff Place
1
$745
1354-1356 N Olney St
1354 N Olney St Indianapolis, IN
1 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
1
$900
Cozy & Updated 1 Bedroom | 1 Bathroom Efficiency Apartment
2013 Miller St Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
West Indianapolis
121 - 150 of 202 Results
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Frequently Asked Questions

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

There are 202 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 53 studio cheap apartments available for rent in Indianapolis.

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

Rentable.co has 679 one-bedroom cheap apartments available for rent in Indianapolis.

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

Rentable.co has 555 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: August Rental Information

Welcome to the August 2026 Indianapolis Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the August 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 17 35 52 70 <$700 $720 $760 $800 $840 $880 $920 $960 $1,000 $1,040 $1,080 $1,120 $1,160 $1,200 $1,240 $1,280 $1,320 $1,360 $1,400 $1,440 $1,480

Available Cheap Apartments: Indianapolis vs. Surrounding Areas

Indianapolis, IN
29
The chart above displays the number of available cheap apartments in Indianapolis, IN, and the surrounding cities as of August, 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 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 August M/M % Change
Indianapolis, IN 30 +0.96%
Noblesville, IN 1 +1.12%
Greenwood, IN 1 +1.0%
Plainfield, IN 1 +0.8%
Lebanon, IN 0 +1.0%
Whitestown, IN 0 +1.0%

Looking for Cheap Apartments in Indianapolis?

Available cheap apartments 1,556
Top amenities Fitness Center, Refrigerator, Microwave, High Speed Internet, Package Receiving
Deals 50
Pet friendly 42
Utilities included 13
1 Bedroom 39
2 Bedroom 21
3 Bedroom 17

Where are Cheap Indianapolis Apartments?

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