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Cheap Apartments in Indianapolis, IN

151 - 180 of 229 Results
4
$695
618 N Euclid Ave
Indianapolis, IN
2 BR | Ask for Availability
Contact
House
7
$895
1119 S Denny St
Indianapolis, IN
2 BR | Available Now
Contact
House
10
$690
960 N Drexel Ave
Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
14
$899
2417 S Lyons Ave
Indianapolis, IN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
7
$895
2348 Saint Paul
Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
7
$875
4421 Prospect St
Indianapolis, IN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
$860
The Abby
4656 Edwardian Cir Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
Covered Parking
Balcony/Deck/Patio
0
$915
Ivy | 1 Bedroom, 1 Bathroom
5129 Audrey Ave Indianapolis, IN
1 BR | Jan. 7, 2026
Contact
Dog Friendly
Cat Friendly
Dishwasher
$730
Trail Side On Mass Ave
875 Massachusetts Ave Indianapolis, IN
1 BR | Ask for Availability
Contact
Income Restricted
Surface Parking
In Unit Laundry
Balcony/Deck/Patio
Storage
1
$800
1314 Medford Ave
Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
1
$750
Now Showing This 1 Br, 1 Ba Duplex Located At 3920 E. Michigan St., Indianapolis
3920 E Michigan St Indianapolis, IN
1 BR | Available Now
Contact
House
0
$765
Lily | Studio
4954 Brock St Indianapolis, IN
Studio | Jan. 7, 2026
Contact
Dog Friendly
Cat Friendly
Dishwasher
1
$799
Market On The Corner Apartments
1338 E Market St Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
1
$775
Perfectly Located Apartments
602 W Hanna Ave Indianapolis, IN
1 BR | Ask for Availability
Contact
1
$900
2914 Winthrop Ave
Indianapolis, IN
1 BR | Available Now
Contact
1
$875
36 - 38 N Grant Avenue
Indianapolis, IN
2 BR | Available Now
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1
$900
6108 Dickson Rd
Indianapolis, IN
2 BR | Available Now
Contact
1
$900
6048 Dickson Rd
Indianapolis, IN
2 BR | Available Now
Contact
1
$875
Coming Soon Two Bedroom One Bathroom Home Near E Raymond St & S Sherman Dr
2404 Hobart Rd Indianapolis, IN
2 BR | Available Now
Contact
House
1
$799
33 N Bradley
Indianapolis, IN
2 BR | Available Now
Contact
House
1
$870
1701 Fletcher
Indianapolis, IN
2 BR | Available Now
Contact
0
$760 - 1,344
Garfield Park Village
360 Sandra Ln Indianapolis, IN
1 BR | Available Now
Contact
0
$900
Villa Del Sol Apartments
3636 Mission Dr Indianapolis, IN
1 BR | Jan. 14, 2026
Contact
Dog Friendly
Cat Friendly
Dishwasher
0
$775
9130 E 10Th St
Indianapolis, IN
2 BR | Ask for Availability
Contact
0
$825
East Ridge Apartments
2308 N Ritter Ave Indianapolis, IN
2 BR | Ask for Availability
Contact
1
$775
East Ridge Apartments
2314 N Ritter Ave Indianapolis, IN
2 BR | Ask for Availability
Contact
1
$899
1138 W 36th St
Indianapolis, IN
2 BR | Available Now
Contact
0
$825
9132 E 10Th St
Indianapolis, IN
2 BR | Ask for Availability
Contact
2
$825
Warren Park 1-2 Bedroom Apartments
9126 E 10Th St Indianapolis, IN
2 BR | Ask for Availability
Contact
Air Conditioning
$890
The Woods Of Eagle Creek
4949 Bobwhite Lane Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
Balcony/Deck/Patio
151 - 180 of 229 Results
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Frequently Asked Questions

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

There are 229 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 37 studio cheap apartments available for rent in Indianapolis.

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

Rentable.co has 649 one-bedroom cheap apartments available for rent in Indianapolis.

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

Rentable.co has 654 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. Downtown Indianapolis
  3. Herron Morton
  4. Fletcher Place

Cheap Apartments in Indianapolis, IN: December Rental Information

Welcome to the December 2025 Indianapolis Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the December 2025 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 $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
25
The chart above displays the number of available cheap apartments in Indianapolis, IN, and the surrounding cities as of December, 2025. 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 December M/M % Change
Indianapolis, IN 26 +0.91%
Greenwood, IN 1 +1.0%
Noblesville, IN 1 +1.0%
Beech Grove, IN 0 +1.0%

Looking for Cheap Apartments in Indianapolis?

Available cheap apartments 1,536
Top amenities Fitness Center, Dishwasher, Refrigerator, Pool, High Speed Internet
Deals 27
Pet friendly 72
Utilities included 9
Studio 12
1 Bedroom 31
2 Bedroom 40

Where are Cheap Indianapolis Apartments?

Top Neighborhoods Upper canal, Downtown indianapolis, Herron morton, Fletcher place
Upper Canal 3
Downtown Indianapolis 1
Herron Morton 1
Fletcher Place 1
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