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Cheap Apartments for Rent in Indianapolis, IN

12,708 Rentals
.
  1. Building Photo - Lake Castleton Apartments
    $289 Off
    Price Drop. $289 Off
    |
    1 BED
    $980+
    2 BEDS
    $97+
    Total Monthly Price Total Monthly Price New
    Base Rent$13 - $1,261
    Required Monthly Fees$84 - $112
    Total Monthly Price$97 - $1,373

    Lake Castleton Apartments

    7601 Carlton Arms Dr, Indianapolis, IN 46256
    (463) 223-4261
  8. Building Photo - 6918 Crittenden Ave
    3 BEDS, 1 BATH
    $500
    Total Monthly Price Total Monthly Price New
    Base Rent$500
    Required Monthly FeesNone
    Total Monthly Price$500

    6918 Crittenden Ave

    6918 Crittenden Ave, Indianapolis, IN 46220
  10. Building Photo - Charmwood Terrace
    Exceptional Value
    1 BED
    $520+
    2 BEDS
    $685+

    Charmwood Terrace

    3419 N Pennsylvania St, Indianapolis, IN 46205
  15. Building Photo - Stella
    2 Months Free
    2 Months Free
    |
    STUDIO
    $579+
    1 BED
    $622+
    2 BEDS
    $744+

    Stella

    1827 N Meridian St, Indianapolis, IN 46202
    (317) 939-5988
  17. Building Photo - D&T Nest
    STUDIO
    $595

    D&T Nest

    5824 E Washington St, Indianapolis, IN 46219
  22. Building Photo - Volrath
    1 Month Free
    1 Month Free
    STUDIO
    $699+
    1 BED
    $599+

    Volrath

    118 Palmer St, Indianapolis, IN 46225
  25. Building Photo - Hopeside I
    2 BEDS
    $883

    Hopeside I

    2005 E 25th St, Indianapolis, IN 46218
  34. Building Photo - Dunbar Court
    STUDIO
    $675+
    1 BED
    $875+

    Dunbar Court

    1022 Dr Martin Luther King St, Indianapolis, IN 46202
  36. STOP, LOOK, STAY - Elmtree Park
    STUDIO
    $695+
    1 BED
    $905+

    Elmtree Park

    11023 Elmtree Park Dr, Indianapolis, IN 46229
  38. Building Photo - Meridian Towers
    Good Value
    STUDIO
    $699+
    1 BED
    $739+
    2 BEDS
    $969+

    Meridian Towers

    3710 N Meridian St, Indianapolis, IN 46208
  42. Building Photo - Oxmoor Indy
    1 BED
    $699+
    3 BEDS
    $999+

    Oxmoor Indy

    3640 N Meridian St, Indianapolis, IN 46208
Showing 42 of 750 results, Page 1 of 18

Indianapolis at a Glance

Average Rent

$1,127
(All bedrooms and property types)
Learn more about
Average Rent in Indianapolis
8

School Rating

out of 10 Rating
Learn more about
Schools in Indianapolis

Indianapolis, IN Cheap Apartments for Rent

When looking for cheap apartments in Indianapolis, Apartment Finder is your deal-hunting partner. Whether you’re looking for a studio, a one-bedroom, or a two-bedroom apartment, you want the best place at the right price. We have a great selection of budget-friendly apartments for rent, and we’ll show you which apartments offer the best value when compared to other apartments in Indianapolis.

Finding a rental that fits your budget without compromising on quality can seem like a challenge, but Apartment Finder makes it easy to discover cheap apartments with all the features you want. To find an apartment you can afford, try looking in less popular neighborhoods outside of the city center. Timing is everything when searching for rentals that are affordable, so look at different times of the day, different days of the week and (if you can wait) certain months like December through March. When you find an apartment with a great price, don’t hesitate! Cheap apartments tend to go very quickly.

Affordability doens't have to equal sacrifice. While it’s important to be flexible, you might not have to give up as much as you think. You can find a cheap apartment for rent, complete with must-have amenities such as paid utilities and an in-unit washer and dryer. Click on any of these properties to see photos and floor plans, read reviews, check out the rent calculator, and learn more about the neighborhood with information on nearby parks, shopping malls, and transit stops. With 750 cheap apartments available in Indianapolis Apartment Finder is the place to find your next rental.

Renting in Indianapolis

Average Rental Rates and Apartment Sizes

Top Budget-Friendly Neighborhoods in Indianapolis

(For 1 bedroom apartments)

Education

Public University
Public University
Public University
Private University
Private University
GreatSchools Rating
Franklin Central High School

Public High School

Public
Grades 9-12
3,438 Students
GreatSchools Rating
Perry Meridian High School

Public High School

Public
Grades 9-12
2,350 Students
GreatSchools Rating
Herron High School

Public High School

Public
Grades 9-12
981 Students
GreatSchools Rating
North Central High School

Public High School

Public
Grades 9-12
3,682 Students
GreatSchools Rating
Ben Davis University High School

Public High School

Public
Grades 9-12
375 Students
GreatSchools Rating
Perry Meridian Middle School

Public Middle School

Public
Grades 6-8
1,278 Students
GreatSchools Rating
Paramount Cottage Home

Public Elementary School

Public
Grades K-5
265 Students

Data provided by GreatSchools.org 2025 © 2025. All rights reserved.

Apartments for Rent Near Indianapolis

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Indianapolis Apartments for Rent in Your Budget

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