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Cheap Apartments in Indianapolis, IN

121 - 150 of 245 Results
1
$875
Essex Apartments
940 Woodruff Place Middle Dr Indianapolis, IN
1 BR | Mar. 20, 2026
Contact
Dog Friendly
Cat Friendly
Woodruff Place
3
$899 - 1,439
5220 Luzzane Ln
Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Covered Parking
Surface Parking
Balcony/Deck/Patio
30
$800
2345 Perkins Ave
Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
10
3D Tour
$825 - 875
Brookhaven Apartments
3900 N Shadeland Ave Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
15
$775
3936 E 10th St
Indianapolis, IN
2 BR | Ask for Availability
Contact
House
Dishwasher
4
$900
2412 N Lesley Ave
Indianapolis, IN
2 BR | Ask for Availability
Contact
House
6
$795
2037 N Luett Ave
Indianapolis, IN
2 BR | Ask for Availability
Contact
Dog Friendly
Cat Friendly
House
17
$775
*coming Soon*1736 W. Minnesota St. Indpls, In 46221
1736 W Minnesota St Indianapolis, IN
1 BR | Ask for Availability
Contact
House
11
$925
4653 Crestview Ave
Indianapolis, IN
2 BR | Ask for Availability
Contact
House
5
$950
2633 S Randolph St Unit A
Indianapolis, IN
2 BR | Ask for Availability
Contact
House
6
$875
5145 Mecca St
Indianapolis, IN
2 BR | Ask for Availability
Contact
House
14
$850
2417 S Lyons Ave
Indianapolis, IN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
7
$850
329 Hamilton Ave
Indianapolis, IN
3 BR | Ask for Availability
Contact
House
7
$875
2910 E Brookside Ave
Indianapolis, IN
3 BR | Ask for Availability
Contact
House
23
$809 - 865
South & Madison
1834 Madison Village Dr Indianapolis, IN
Studio - 1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Fitness Center
Dishwasher
19
$800
3130 E Bradbury Ave
Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
13
$899
1005 Sanders St
Indianapolis, IN
1 BR | Available Now
Contact
Air Conditioning
18
$700
5230 E Washington St
Indianapolis, IN
1 BR | Mar. 16, 2026
Contact
Dog Friendly
Cat Friendly
Fitness Center
37
$695 - 725
3609 Balsam Ave
Indianapolis, IN
Studio - 1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
1
$850
1206 Edgemont Ave
Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
1
$699
Evergreen On The Monon, Llc
3575 Evergreen Ave 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
1
$700 - 825
Butler Place
5230 E Washington St Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Fitness Center
4
$649
5332 E Washington St
Indianapolis, IN
1 BR | Available Now
Contact
0
$950
The Sterling
Deal
8020 Madison Ave Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
1
$950
6051 Laurel Hall Dr
Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
17
$575
5345 E Washington St. Unit 17 Indpls, In 46219
5345 E Washington St Apt 17 Indianapolis, IN
Studio | Ask for Availability
Contact
House
2
$825
Villages At Fall Creek
3520-3534 E Fall Creek Pkwy Indianapolis, IN
1 BR | Feb. 28, 2026
Contact
Dog Friendly
Cat Friendly
41
$875
940 Woodruff Place Middle Dr
Indianapolis, IN
1 BR | Mar. 20, 2026
Contact
Dog Friendly
Cat Friendly
Woodruff Place
16
$925
28 N LaSalle
Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
121 - 150 of 245 Results
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Frequently Asked Questions

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

There are 245 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 533 one-bedroom cheap apartments available for rent in Indianapolis.

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

Rentable.co has 497 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
  4. Herron Morton

Cheap Apartments in Indianapolis, IN: February Rental Information

Welcome to the February 2026 Indianapolis Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the February 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
28
The chart above displays the number of available cheap apartments in Indianapolis, IN, and the surrounding cities as of February, 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 February M/M % Change
Indianapolis, IN 28 +0.93%
Greenwood, IN 1 +1.0%
Noblesville, IN 1 +1.0%

Looking for Cheap Apartments in Indianapolis?

Available cheap apartments 1,162
Top amenities Fitness Center, In Unit Laundry, Refrigerator, Range / Oven, High Speed Internet
Deals 23
Pet friendly 45
Utilities included 13
Studio 13
1 Bedroom 29
2 Bedroom 20

Where are Cheap Indianapolis Apartments?

Top Neighborhoods Upper canal, Fletcher place, Downtown indianapolis, Herron morton
Upper Canal 4
Fletcher Place 2
Downtown Indianapolis 1
Herron Morton 1
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