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

151 - 180 of 240 Results
1
$850
802 Denny
Indianapolis, IN
1 BR | Available Now
Contact
1
$900
6048 Dickson Rd
Indianapolis, IN
2 BR | Available Now
Contact
0
$849 - 1,369
Pine Glen
4259 Burkhart Dr Indianapolis, IN
1 BR | Available Now
Contact
1
$824
3534 Dr Martin Luther King Jr St
Indianapolis, IN
1 BR | Available Now
Contact
1
$950
6015 Dickson Rd
Indianapolis, IN
2 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
1
$899
Rpmindiana.com
1338 E Market St Indianapolis, IN
1 BR | May. 1, 2026
Contact
Dog Friendly
Cat Friendly
1
$850
5953-55 Rawles Avenue
5953 Rawles Ave Indianapolis, IN
1 BR | Available Now
Contact
0
$825
Warren Park 2 Bedroom Apartment
9126 E 10th St Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Balcony/Deck/Patio
1
$890 - 940
Devonshire Apartments In Downtown Indianapolis
412 N Alabama St Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Downtown Indianapolis
0
$795
5819 E Washington Street - Unit 13
5819 E Washington Unit 13 Indianapolis, IN
1 BR | Apr. 19, 2026
Contact
0
$925
Live In Style At Bellagio East Living I: Convenient And Vibrant Community In Indianapolis
7051 E 11th St Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
1
$900
6108 Dickson Rd
Indianapolis, IN
2 BR | Available Now
Contact
0
$825
East Ridge Apartments - Remodeled 2 Bedroom Unit
2306 N Ritter Ave Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
0
$799
Warren Park 2 Bedroom Apartment
9128 E 10th St Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Balcony/Deck/Patio
0
$699 - 1,463
Garfield Park Village
360 Sandra Ln Indianapolis, IN
Studio - 2 BR | Available Now
Contact
0
$855
Live In Style Without Breaking The Bank At Magnolias Living Apartments Washer & Dryer In-unit
3330 N Meridian St Indianapolis, IN
1 BR | Available Now
Contact
0
$750
5819 E Washington Unit 11
Indianapolis, IN
Studio | Available Now
Contact
1
$799
One Bedroom Spacious Duplex Located On S Brookville Rd & S Arlington Ave Section 8 Welcome
6102 Brookville Rd Indianapolis, IN
1 BR | Apr. 6, 2026
Contact
House
0
$825
East Ridge Apartments - Remodeled 2 Bedroom Unit W/ Balcony
2302 N Ritter Ave Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Balcony/Deck/Patio
1
$925
Two Bedroom Home Located Near 16th And Brookside Parkway
1623 N Rural St Indianapolis, IN
2 BR | Available Now
Contact
House
0
$849
Spacious 1 Bed 1 Bath In The Heart Of Speedway!
5921 W 25th St Indianapolis, IN
1 BR | Available Now
Contact
1
$700
Perfectly Located Apartments
602 W Hanna Ave Indianapolis, IN
1 BR | Ask for Availability
Contact
17
$649 - 976
M Club
1.0
7007 Courthouse Dr Indianapolis, IN
Studio - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
Surface Parking
Balcony/Deck/Patio
19
$926 - 1,026
The Aura
3035 W 39th St Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Student
Luxury
Air Conditioning
10
$885 - 1,040
Astoria Park Apartments
3640 Beluga Lane Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Covered Parking
Balcony/Deck/Patio
Fitness Center
10
$698 - 738
Turtle Creek Apartments
5.0
8253 Harcourt Road Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
Balcony/Deck/Patio
25
$549 - 899
Indy Flats
2.0
1304 N. Delaware Street Indianapolis, IN
Studio - 2 BR | Ask for Availability
Contact
Dog Friendly
Cat Friendly
Income Restricted
Section 8
Fitness Center
14
$850 - 950
Irvington Living II
4801 E Washington St Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Surface Parking
Storage
Dishwasher
12
$774 - 978
Scarborough Lake Apartments
6430 Maidstone Road Indianapolis, IN
Studio - 1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Fitness Center
Pool
151 - 180 of 240 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 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
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