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Cheap Apartments in Indianapolis, IN

121 - 150 of 204 Results
1
$799
Studio Apartment On S Brookville Rd & S Arlington Ave - Section 8 Welcome
565 S Webster Ave Indianapolis, IN
Studio | Available Now
Contact
House
1
$900
6108 Dickson Rd
Indianapolis, IN
2 BR | Available Now
Contact
0
$859
Maple Court - 2 Bedroom Original
3536 N Pennsylvania St Apt A3 Indianapolis, IN
2 BR | Jul. 17, 2026
Contact
Dog Friendly
Cat Friendly
Mapelton
1
$800
Perkins Apartments
2345 Perkins Ave Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
0
$715
5819 E Washington Unit 10
Indianapolis, IN
1 BR | Available Now
Contact
0
$799 - 1,420
Pine Glen
4259 Burkhart Dr Indianapolis, IN
1 BR | Available Now
Contact
Dishwasher
0
$850
Lily Remodel | Studio
4984 Brock St Indianapolis, IN
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
Dishwasher
1
$900
6048 Dickson Rd
Indianapolis, IN
2 BR | Available Now
Contact
3
$650
*coming Soon* 318 Parkway Ave Unit C Indpls, In 46225
318 Parkway Ave #c Indianapolis, IN
1 BR | Ask for Availability
Contact
House
0
$649 - 1,358
Garfield Park Village
360 Sandra Ln Indianapolis, IN
Studio - 2 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
0
$715
5819 E Washington Unit 7
Indianapolis, IN
Studio | Available Now
Contact
2
$900
3030 E 10th St
Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
1
$850
429-431 S Oakland Ave
Indianapolis, IN
1 BR | Available Now
Contact
0
$725
5819 E Washington Unit 14
Indianapolis, IN
Studio | Available Now
Contact
1
$828
Emma O Johnson Senior Apartments
819 Edgemont Ave Indianapolis, IN
Studio | Available Now
Contact
0
$850
Warren Park 2 Bedroom Apartment With Balcony
9130 E 10th St Unit 2 Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Balcony/Deck/Patio
1
$840
The Dorchester
3720 N Pennsylvania St Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
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
Contact
1
$700 - 775
Perfectly Located Apartments
602 W Hanna Ave Indianapolis, IN
1 BR | Ask for Availability
Contact
1
$825
1515-1517 E Michigan St
Indianapolis, IN
1 BR | Available Now
Contact
Woodruff Place
1
$850
2841-2843 E 19th Street
2841 E 19th St Indianapolis, IN
2 BR | Available Now
Contact
1
$775
1354-1356 N Olney St
1354 N Olney St Indianapolis, IN
1 BR | Available Now
Contact
1
$775
1409 E Tabor
Indianapolis, IN
1 BR | Available Now
Contact
1
$800
Adorable 1 Bedroom Home Fountain Square
436 Sanders St Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
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
6
$780
8015 Cole Wood Blvd
Deal
Indianapolis, IN
3 BR | Available Now
Contact
Furnished
Dog Friendly
Cat Friendly
Student
Virtual Tour
17
$870 - 1,000
Pangea Hills
5500 Pleasant Hill Circle Indianapolis, IN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Section 8
Air Conditioning
Balcony/Deck/Patio
12
$777 - 975
Pangea Courts
4417 Linwood Ct Indianapolis, IN
2 BR | Available Now
Contact
Heat Included
Dog Friendly
Cat Friendly
Income Restricted
Section 8
11
$899
Brockton Apartments
5778 Brockton Drive Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
Townhome
Air Conditioning
121 - 150 of 204 Results
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Frequently Asked Questions

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

There are 204 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 59 studio cheap apartments available for rent in Indianapolis.

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

Rentable.co has 762 one-bedroom cheap apartments available for rent in Indianapolis.

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

Rentable.co has 605 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: June Rental Information

Welcome to the June 2026 Indianapolis Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the June 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
27
The chart above displays the number of available cheap apartments in Indianapolis, IN, and the surrounding cities as of June, 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 33, 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 June M/M % Change
Indianapolis, IN 28 +0.99%
Noblesville, IN 1 +0.86%
Greenwood, IN 1 +1.0%
Plainfield, IN 1 -1.0%
Lebanon, IN 0 +1.0%
Carmel, IN 0 +1.0%

Looking for Cheap Apartments in Indianapolis?

Available cheap apartments 1,682
Top amenities Fitness Center, Refrigerator, Microwave, High Speed Internet, Package Receiving
Deals 36
Pet friendly 34
Utilities included 10
Studio 13
1 Bedroom 36
2 Bedroom 24

Where are Cheap Indianapolis Apartments?

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